Saudi Central Bank Asks Banks to Reschedule Property Loans

• Thursday, 27th October 2016
• by Karim Mohy

Saudi Arabia's central bank SAMA asked local banks to to reschedule property loans of clients affected by the recent cut in government spending.

Dubai to Complete Ratings System for Older Buildings by End of 2017

• Thursday, 27th October 2016
• by Karim Mohy

Dubai will complete its “star ratings system“ appraisal for buildings built before 2010 by the end of 2017.

Dubai’s Cityland Mall to open in 2Q 2018

• Thursday, 27th October 2016
• by Karim Mohy

The Dubai Media Office on Wednesday announced plans for the AED 1.1 bn Cityland Mall project, be developed by Cityland Group, which has previously built the Dubai Miracle Garden and Dubai Butterfly Garden among other developments.

Qatari Developer UDC Records Increase in 3Q 2016 Profit

• Wednesday, 26th October 2016
• by Karim Mohy

Qatari developer United Development Company (UDC) recorded an increase in 3Q 2016 net profit.

Tanmiyat to Handover Court Tower Development in April 2017

• Wednesday, 26th October 2016
• by Karim Mohy

Dubai-based real estate firm Tanmiyat Global announced it would hand over its The Court Tower project in April 2017.

Jabal Omar Records Highest Profit Growth in Its History

• Wednesday, 26th October 2016
• by Karim Mohy

Jabal Omar Development Company (JODC), one of the largest developers listed on the Saudi stock exchange, announced a profit of SAR 691.07 mn for 3Q 2016, according to a statement by the company last Wednesday.

Habtoor to Begin Work on Gate Avenue in Dubai

• Wednesday, 26th October 2016
• by Karim Mohy

Retail development of a $272 million project at the Dubai International Financial Centre (DIFC) will commence soon with a first contract being awarded to Habtoor Leighton Group (HLG).

RAK Properties to Handover Flamingo Villas Phase II

• Wednesday, 26th October 2016
• by Karim Mohy

RAK Properties will start the handover of the second phase of its Flamingo Villas project this month two months ahead of schedule, according to a statement by the Ras Al Khaimah-based developer on Saturday.

Saudi Austerity Measures Dampening Home Ownership Drive -JLL

• Tuesday, 25th October 2016
• by Karim Mohy

Saudi Arabia's austerity drive is increasingly pressuring its people's ability to buy their own homes, possibly pushing down housing prices by nearly a third.

Sharjah to Complete Waterfront Expansion

• Tuesday, 25th October 2016
• by Karim Mohy

Work on the extension of Sharjah’s Al Majaz Waterfront in the emirate will be completed by the end of the year, according to the Sharjah Investment and Development Authority.