Construction on Dubai Wholesale City Begins

• Wednesday, 23rd November 2016
• by Karim Mohy

Construction on the AED 30 bn Dubai Wholesale City project has kicked off with excavation works.

Khodari Releases Figures About Value of Delayed Work

• Wednesday, 23rd November 2016
• by Karim Mohy

Saudi construction company Abdullah Abdul Mohsin al-Khodari & Sons on Tuesday said projects in the kingdom worth SAR 362.2 mn had been delayed due to a number of reasons.

Arcapita Acquires US Senior Housing

• Wednesday, 23rd November 2016
• by Karim Mohy

Bahrain-based investment management company Arcapita (Mumtalakat Holding Company) on Tuesday announced the completion of a $200 mn in acquisitions of senior living communities over the course of 2016, most recently purchasing a portfolio of three such communities for $110 mn in the areas around Washington DC and Atlanta, according to a press release.

Dubai Prices Have Bottomed Out -JLL MENA

• Wednesday, 23rd November 2016
• by Karim Mohy

Prices in Dubai's residential property market have largely bottomed out, according to JLL MENA's Head of Research, Craig Plumb.

Investcorp Furthers US Expansion

• Wednesday, 23rd November 2016
• by Karim Mohy

Bahrain-based Investcorp on Wednesday announced the acquisition of real estate properties worth around $250 mn in the United States.

Swiss International Announces Two New Hotels in Riyadh

• Tuesday, 22nd November 2016
• by Karim Mohy

Swiss International announced the arrival of its first two hotels in Riyadh, adding to its already four hotels in the kingdom.

Qatar Office Rents to Continue Decline -Report

• Tuesday, 22nd November 2016
• by Karim Mohy

Office rents in Qatar are bound to continue their decline for the next three years due to oversupply, according to a study by Doha-based Al Asmakh Real Estate.

Bahrain’s Eskan Bank Opens Public REIT Offering

• Tuesday, 22nd November 2016
• by Karim Mohy

Eskan Bank on Monday opened the Initial Public Offering for its Eskan Bank Realty Income Trust (REIT).

Dubai Construction Payment Delays Becoming Problematic -Report

• Tuesday, 22nd November 2016
• by Karim Mohy

The construction sector in Dubai is facing increasing problems with payment delays which reach six months as a norm.

Trump a ‘strong brand’ -Damac Chairman

• Tuesday, 22nd November 2016
• by Karim Mohy

Damac Properties Chairman, Hussain Sajwani, spoke about US President-Elect Donald Trump's positive impact on sales and his status as a strong brand.