Deloitte: GCC Businesses Must Focus on VAT Preparations

• Wednesday, 11th January 2017
• by Invest Gate

Deloitte Middle East advises businesses from different sectors in GCC region to look into their VAT preparations before January 2018, the start date of VAT implementation in the GCC.

Al-Futtaim Builds New Mall in Abu Dhabi

• Wednesday, 11th January 2017
• by Invest Gate

Majid Al Futtaim announced on 10 January its new AED 300 million project in Abu Dhabi, “My City Centre Masdar”, scheduled to inaugurate by the end of 2018 in the heart of Masdar City.

No rent hike this year: Muscat Municipality

• Tuesday, 10th January 2017
• by Farah Montasser

“So far, we have not discussed reviewing rental fees this year. Most probably, there will be no increase this year,” Salim Mohammed Al Ghamary, a Muscat Municipality Council member, told Times of Oman

Kuwait’s Top Real Estate Group Visits Its Turkey-Based Projects

• Tuesday, 10th January 2017
• by Farah Montasser

The Kuwaiti Top Real Estate Group’s (TREG) Managing Director and Executive Manager visited Turkey to follow up on the projects marketed by the Group, according to a press release published

Dubai’s Nakheel Teams Up With Thailand’s Centara

• Tuesday, 10th January 2017
• by Farah Montasser

Nakheel signed a joint venture with Centara Hotels and Resorts for an AED 200 million beachfront resort on Dubai’s Deira Islands project, the National reports

Hilton Inaugurates its Third Hotel in Doha

• Monday, 9th January 2017
• by Farah Montasser

Hilton unveiled its third hotel in the Qatari capital on Monday, located in AlRayaan neighborhood next to Mall of Qatar, Gulf Business reports.

More Residential Developments To Hit Dubai and Abu Dhabi

• Monday, 9th January 2017
• by Farah Montasser

Dubai is scheduled to receive 31,000 residential units in 2017, while Abu Dhabi’s Corniche, Al Raha Beach, Al Reem, and Saadiyat Islands are anticipating a sum of 5,000 units, according to a JLL report

Saudi Monetary Authority raises mortgage up to 85%

• Sunday, 8th January 2017
• by Farah Montasser

Saudi Arabian Monetary Authority (SAMA) has raised the loan limit for mortgages from 70 to 85% for first-time Saudi buyers, according to a statement

Aldar Properties CEO: Abu Dhabi has plenty to look forward to in 2017

• Sunday, 8th January 2017
• by Farah Montasser

In his article, Aldar Properties CEO Mohamed Khalifa Al Mubarak expresses his optimism in the Abu Dhabi real estate market for 2017, Arabian Business reported

Dubai’s apartment rents drop in Marina, skyrocket in Arjan

• Sunday, 8th January 2017
• by Farah Montasser

With the beginning of the new year, Arjan is becoming a more appealing neighborhood to live in with skyrocket rent rates, topping the famous Dubai Marina, Palm Jumeirah, and Greens in comparison with that of 2016, Arabian Business reports