The Dubai property market has shown signs of recovery in the second half of 2020, despite the mobility restrictions and economic downturn caused by the coronavirus pandemic, Zawya reports.

October 2020 has emerged as a strong month for Dubai's residential real estate market, with 3,395 home deals (worth USD 1.8 bn) sealed throughout the month, posting a 37.2% and 62.8% jump in the off-plan and secondary segments.

UAE-based business conglomerate Al Habtoor Group (AHG) is putting the finishing touches on its newest office in Cairo, which is set for inauguration by year-end.

Saudi-based Musharaka REIT has purchased a 5,400-square-meter land plot in Jumeirah Lakes Towers from Dubai Multi Commodities Center (DMCC), at a total cost of USD 12.6 mn.

The Arab Investment and Export Credit Guarantee Corporation (Dhaman) has uncovered that three MENA counties managed to solely move the needle on property investment in 2019, led by Egypt by a significant margin at USD 7.1 bn (EGP 113.7 bn).

P&O Marinas has signed an agreement with Pindar Yacht Management (PYM) to shake up the former's Dubai-based development, Mina Rashid Marina, and develop a wide range of all-embracing world-class marine leisure services.

The latest research by Regus, the global workplace provider, has revealed that flexible workspaces will contribute over USD 254 bn (EGP 4.09 trn) to local economies in the next decade.

Al Waleed Investment Group has opened the 114-key Lemon Tree Dubai Hotel, after earlier partnering with India-based Lemon Tree International to break the latter's brand into the UAE hospitality industry.

Chinese hotel operator Huazhu Group has reached an agreement to acquire all shares of German-based hotel group Deutsche Hospitality through the former's wholly-owned subsidiary China Lodging Holding Singapore

United Arab Emirates' bank lobby is proposing limits on bank lending to the real estate sector to protect them from being overexposed to sector.