News | Middle East

  • Dubai Property Market Recovers
    Business Developers

    Dubai Property Market Recovers

    Sunday, 31 January 2021

    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.

  • Dubai Closes USD 1.8 bn Home Deals in October

    Dubai Closes USD 1.8 bn Home Deals in October

    Monday, 7 December 2020

    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’s Al Habtoor Preps for New Office in Cairo
    Developers

    UAE’s Al Habtoor Preps for New Office in Cairo

    Sunday, 11 October 2020

    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.

  • Musharaka REIT Buys Dubai’s DMCC Plot for USD 12.6 mn

    Musharaka REIT Buys Dubai’s DMCC Plot for USD 12.6 mn

    Sunday, 27 September 2020

    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.

  • Egypt Leads MENA in Property Investment in 2019: Dhaman

    Egypt Leads MENA in Property Investment in 2019: Dhaman

    Thursday, 9 July 2020

    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 Pledges to Shake Up Dubai’s Mina Rashid Marina

    P&O Marinas Pledges to Shake Up Dubai’s Mina Rashid Marina

    Monday, 8 June 2020

    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.

  • Flexible Offices Can Add USD 254 bn to Economies: Regus

    Flexible Offices Can Add USD 254 bn to Economies: Regus

    Monday, 23 December 2019

    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 Opens Lemon Tree’s 1st Dubai Hotel

    Al Waleed Opens Lemon Tree’s 1st Dubai Hotel

    Wednesday, 11 December 2019

    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.

  • Nasdaq-Listed Huazhu Group Acquires Deutsche Hospitality

    Nasdaq-Listed Huazhu Group Acquires Deutsche Hospitality

    Thursday, 7 November 2019

    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

  • UAE Banks Weighing Proposed Caps to Property Lending

    UAE Banks Weighing Proposed Caps to Property Lending

    Thursday, 24 October 2019

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