Tadawul Sees Listing of First REIT

• Monday, 14th November 2016
• by Karim Mohy

The Saudi Stock Exchange (Tadawul) on Sunday held the listing ceremony for the first Real Estate Investment Traded Fund (REIT) with Riyadh REIT.

Meydan Seeks Loan for Hotel Project -Sources

• Sunday, 13th November 2016
• by Karim Mohy

Dubai-based developer Meydan Group is eying a syndicated loan of a minimum of AED 450 mn to finance a hotel project according to unnamed sources.

Hamptons Launches Sales of The Address Apartments Last Month

• Sunday, 13th November 2016
• by Karim Mohy

Hamptons International announced the launch of sales at its The Residences Jumeirah Dubai, Managed by The Address and The Address Residences Jumeirah Resort + Spa, according to a press release at the end of last month.

Azizi Launches Azizi Samia Project

• Sunday, 13th November 2016
• by Karim Mohy

Dubai-based Azizi Developments launched its Azizi Samia project.

Aldar Awards Early Works Contract for Mayan Project

• Sunday, 13th November 2016
• by Karim Mohy

Abu Dhabi-based developer Aldar Properties awarded the AED 30 mn early works contract for its Mayan project to Dutch Foundation & Concrete Rehabilitation Company WLL on Sunday.

Qatar Plans New Housing for 32,000 Workers

• Thursday, 10th November 2016
• by Karim Mohy

Qatar plans to build new housing for 32,000 expatriate workers, aiming to improve accommodation and living conditions.

Saudi Arabia to Open Labor Offices in Move Seen Eliminating Brokers

• Thursday, 10th November 2016
• by Karim Mohy

The Saudi Cabinet on Monday approved the opening of labor attache offices in several countries.

Union Properties 3Q 2016 Net Profit Drops 71% y-o-y

• Thursday, 10th November 2016
• by Karim Mohy

Union Properties (UPP), a Dubai-based real estate developer, announced profits of AED 32.3 mn for the third quarter of 2016, marking a drop by 71% compared to the same period last year, according to a statement (pdf) sent by the company to the DFM on Wednesday.

Eshraq Announces Three New UAE Projects

• Thursday, 10th November 2016
• by Karim Mohy

Abu Dhabi -based developer Eshraq Properties announced on Tuesday three major projects in the UAE: Jumeirah Village Circle, the Marina Rise Project and The Gateway.

Dubai Water Canal Set to Open Tonight

• Wednesday, 9th November 2016
• by Karim Mohy

The opening ceremony for the Dubai Water Canal will take place on Wednesday evening with Sheikh Mohammed bin Rashid Al Maktoum inaugurating the new waterway.