News / Middle East

Dubai Property Deals Hit AED 162 bn in 9 Months: DLD

Dubai’s real estate market logged 39,802 transactions worth AED 162 bn during the period from January to September 2018, reflecting a continuous growth driven by optimism among investors and developers

Emaar Launches First Beach Homes at Dubai Creek Harbour

Dubai-based developer Emaar has launched newest residential units -"Breeze"- at the Creek Beach district, a first-of-its-kind urban beach in the heart of Dubai Creek Harbour

Marriott International to Expand Its Portfolio in UAE

Marriott International expects to end 2018 with the addition of 11 new properties and over 2,600 guestrooms added to its UAE portfolio, alongside a robust development outlook over the next five years

Bahrain Agrees on USD 10 bn Aid Deal With Gulf Neighbors

Saudi Arabia, Kuwait, and UAE have signed on October 4 a financial support agreement worth USD 10 bn with Bahrain to aid the country's funding requirements as it embarks on a fiscal program aimed at eliminating its budget deficit by 2022

Dubai’s Nakheel Showcases EUR 14 bn Property Projects in Munich

Dubai-based developer Nakheel is the only Dubai developer to showcase an array of real estate projects, collectively worth EUR 14 bn, for the second consecutive year at the Expo Real 2018 real estate fair held in Munich, Germany from October 8 to 10

Lootah Real Estate Breaks Ground on New Residential Project

UAE-based modern real estate developer Lootah Real Estate Development has broken ground on "The Edge," the latest residential addition to the company's array of properties owned and developed in Dubai Investment

UAE-Based Indian Investor Unveils USD 200 mn Project in Al Marjan Island

UAE-based Indian investor Ivan Richard Menezes, director of United Ventures and Investments Limited, announced purchasing a land on the fourth island of Al Marjan Island to develop a "Santa Monica-style entertainment center" with a total investment value of USD 200 mn

Dubai’s Nakheel Launches 147 Luxury Villas at Jumeirah Park

Dubai-based developer Nakheel unveiled a new collection of 147 luxury terraced homes at Jumeirah Park, each accompanied with a private garden and swimming pool

Sawiris Rebrands Property Firm with Plans for USD 2 bn Projects

Egyptian tycoon Naguib Sawiris’ Ora Developers, formerly Gemini Global Development, has announced its official rebrand and launch, aiming to "construct USD 2 bn worth of properties across the Middle East in the next three to five years"

Radisson Hospitality Group to Invest in 10 New Hotels in Africa

Radisson Hospitality AB, a subsidiary of Radisson Hotel Group, will invest in ten new hotels across Africa, in an attempt to boost its expansion across the continent

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