Dubai’s Deyaar Net Profit Drops by 52% in Q4FY2016

• Thursday, 26th January 2017
• by Yasmin El-Beih

Dubai-based developer Deyaar’s net profit fell 52.4% y-oy in Q4FY2016 to USD 13.2 mn USD 27.6 mn in the corresponding period of 2015, according to a DFM statement.

Nakheel to Expand at Dubai’s Al Khalil Avenue Mall

• Thursday, 26th January 2017
• by Yasmin El-Beih

Nakheel is inking an agreement with prominent MENA retailer Alshaya to launch 25 retail spaces in Nakheel’s Al Khalil Avenue Mall located in Jumeirah Village in Dubai, Invest-Gate reports.

Saudi Arabia to Revive Real Estate Sector

• Thursday, 26th January 2017
• by Yasmin El-Beih

Saudi Arabia plans to form the National Authority for Real Estate responsible for organizing non-government real estate activity in the country, quality development, and attracting investments to the sector, Invest-Gate reports.

Alkhabeer Capital Unveils Realty Fund in KSA

• Wednesday, 25th January 2017
• by Yasmin El-Beih

The Saudi Real Estate Income Fund launched on January 23, the Saudi Gazette reports.

Dubai South and Deyaar Sign MoU to Build New Development

• Tuesday, 24th January 2017
• by Yasmin El-Beih

A new multi-purpose development will be built on an area of 1.27 mn square feet in Dubai South, according to a memorandum of understanding signed by Dubai South and Deyaar on January 21

Al Ma’awdah and Al Salam Bank to Sell Residence Sharq Homes

• Tuesday, 24th January 2017
• by Yasmin El-Beih

Bahraini construction development company Al Ma’awdah Group is partnering with Al Salam Bank-Bahrain through an escrow account agreement to sell Residence Sharq Homes

Nakheel to Launch Avani Hotel at Ibn Battuta Mall in Dubai

• Tuesday, 24th January 2017
• by Yasmin El-Beih

Dubai-based Developer Nakheel will be partnering with Thailand’s Minor Hotels for the management of Nakheel’s 372-room Avani Hotel, located at Dubai’s Ibn Battuta Mall, Trade Arabia reports.

Kerzner to Launch a Luxury Residential Project, Dubai

• Monday, 23rd January 2017
• by Farah Montasser

A leading international developer, Kerzner International Resorts has collaborated with Knight Frank for real estate consultancy to launch Royal Atlantis Residences project located on the crescent of the Palm in Dubai

Eagle Hills to Launch New Project, Bahrain

• Monday, 23rd January 2017
• by Farah Montasser

Bahraini real estate development company, Eagle Hills, is to launch Marassi Boulevard located in Marassi Al Bahrain and will consists of four residential buildings

Creek Gate Launched at Dubai Creek Harbor

• Monday, 23rd January 2017
• by Farah Montasser

Emaar along with Dubai Properties launched a new residential project, entitled Creek Gate in Dubai Creek Harbor Island on January 22