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.

Big 5 Construction Show Kicks Off in Dubai

• Monday, 21st November 2016
• by Karim Mohy

The Big 5 show opened on Monday in Dubai and is expected to attract 75,000 visitors and participants.

DLD Signs Agreement with Russian Consultancy

• Monday, 21st November 2016
• by Karim Mohy

State run Dubai Land Department (DLD) announced on Monday it had signed an agreement with RusBiz in an effort to attract more Russian investors.

Saudi Contractor MMG Discloses Concerns About Company’s Future

• Monday, 21st November 2016
• by Karim Mohy

Saudi construction company Mohammad Al Mojil Group (MMG) released a statement on Sunday, concerning a letter to the Deputy Crown Prince Mohammed bin Salman (MbS), citing “Doubts over the company's ability to continue.”

Greenland HK Raises $300 mn for Real Estate Fund

• Monday, 21st November 2016
• by Karim Mohy

Greenland Hong Kong Holdings Ltd says it has raised $300 mn for a real estate fund established together with Kuwait Strategic Investor.

Dubai Properties Announces Built-To-Suit Rahaba Residences

• Monday, 21st November 2016
• by Karim Mohy

Developer and real estate manager Dubai Properties announced the launch of its Rahaba Residences project, employing a Built-To-Suit model.

Abu Dhabi, Dubai Markets Show Signs of Recovery -Report

• Sunday, 20th November 2016
• by Karim Mohy

The real estate markets of the emirates of Dubai and Abu Dhabi recorded an uptick in rental values and a slowdown in the rate of price drops, according to Bayut.

Kuwait Real Estate Faces Slowdown -IMF

• Sunday, 20th November 2016
• by Karim Mohy

Kuwait's real estate market faces a slowdown in value and volume of sales as well as risks from a prolonged period of low oil prices, according to the International Monetary Fund (IMF).