Nakheel to Offer Tenders in Deira Islands Boulevard

• Monday, 16th January 2017
• by Yasmin El-Beih

Nakheel seeks to assign contractors construction works for Dubai’s Deira Islands Boulevard, which will accommodate 10,000 people at a total investment cost of AED 5 bn, Trade Arabia reports.

Egyptians Pump EGP 13bn in Dubai’s Real Estate Sector

• Sunday, 15th January 2017
• by Yasmin El-Beih

A report from Dubai’s Land Department states that Egyptians were top investors in Dubai’s real estate during 2016, with around 1,364 Egyptian investors spending a total of EGP 13 bn in real estate purchases, Al Masry Al Youm notes.

Italian Firm To Renovate King Fahd International Stadium, Riyadh

• Thursday, 12th January 2017
• by Farah Montasser

The Saudi General Sport Authority (GSA) has commissioned Schiattarella Associati, an Italy-based leading architectural firm, out of five competing firms, for the modification of King Fahd International Stadium in Riyadh

DIRC Unveils Easy Payment Plans for ‘Mirdif Hills’

• Thursday, 12th January 2017
• by Farah Montasser

Dubai Investments Real Estate Company (DIRC) has set up plans to facilitate payments for buyers of units in its AED 3 bn development project ‘Mirdif Hills’

Trump Turns Down USD 2 bn Deal from Dubai’s DAMAC

• Thursday, 12th January 2017
• by Farah Montasser

In a press conference held on Wednesday in New York City, President-elect Donald Trump announced that he turned down a USD 2 bn offer from Hussain Sajwani, founder of Dubai-based developer DAMAC Group

Emaar to Launch Downtown Views II on 14 January in Dubai

• Wednesday, 11th January 2017
• by Invest Gate

Emirati-based real estate developer Emaar announced its new project, Downtown Views II, described as “the pinnacle of urban living,” scheduled to launch on 14 January in the UAE’s most populous city.

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