News / Middle East

Damac Properties to Launch New Homes in Aykon City

Dubai’s leading real estate developer Damac Properties is launching new residential units including studios as well as one- and two-bedroom apartments within The Residences Project in Aykon City, Invest-Gate reports.

Dubai’s DAMAC Showcases New Kenda Villas

Dubai-based DAMAC Properties showcased on April 12 its new Kenda Villas, a range of stone villas located in a private enclave of the international golf community, AKOYA Oxygen, Invest-Gate reports.

Abu Dhabi’s Aldar Awards Main Contract For Yas Acres in Q2

Abu Dhabi-based Aldar Properties is to award the main contract for its flagship golf and waterfront development Yas Acres in the second quarter of this year, Invest-Gate reports.

Aldar Properties Maintains Steady Progress in 7 Projects

Abu Dhabi’s real estate developer Aldar Properties is steadily progressing in its seven main underway projects, Invest-Gate reports.

JLL: Jeddah’s Rent Prices Fall Following Departure Of Expats

Rental values in Jeddah’s housing sector in the first quarter of the year have decreased by 9% quarter-on-quarter and 8.5% year-on-year, Invest-Gate reports.

Saudi Arabia Unveils Plans for ‘Entertainment City’ Near Riyadh

Saudi Arabia unveils plans for an entertainment city on the edge of Riyadh, which will be 50 times the size of Gibraltar once complete, Invest-Gate reports.

UAE’s Bloom Offers 225 Upscale Apartments for Leasing

Abu Dhabi-based real estate developer Bloom Properties announces the leasing of 225 exclusive upscale residential apartments in Bloom Marina, a waterfront destination located in Abu Dhabi’s Marina Al Bateen area, Trade Arabia reports.

South Korean Firms to Build USD 4 bn Smart City, Kuwait

A consortium of South Korean construction companies are to start building an eco-friendly residential city in Kuwait by 2019, Yonhap News Agency reports.

Qatar’s Bawabat Al Shamal, Arcadis Inaugurate Doha Festival City

Qatari developer Bawabat Al Shamal Real Estate Company (BASREC) along with the engineering consultancy and design company Arcadis inaugurate the mixed-use development of Doha Festival City (DFC) on April 5, Invest-Gate reports.

Dubai’s Real Estate Market Expected to Bottom Out by End of 2017

The Dubai real estate market is expected to bottom out by the end of 2017 with a downtrend across all sectors of the market, Invest-Gate reports.

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