Saudi Arabia Opens Real Estate Funds to Foreign Investors

• Monday, 31st October 2016
• by Karim Mohy

The Saudi Capital Market Authority on Sunday approved the final version of the new regulations for Real Estate Investment Traded Funds (REIT), granting approval to foreign investors to trade in REITs on the Tadawul.

Dubai Expects Growth of Hospitality Market

• Sunday, 30th October 2016
• by Karim Mohy

Dubai expects its number of available hotel rooms to increase from 94,000 at the start of 2015 to 164,000 by 2020, according to the GCC Hospitality & Leisure Recreation Report 2016 published earlier this month.

Damac Launches Akoya Fresh

• Sunday, 30th October 2016
• by Karim Mohy

Dubai-based property developer Damac Properties launched its Akoya Fresh three-bedroom villa project in the Akoya Oxygen development in Dubai.

Bloom Completes Bloom Central Project

• Sunday, 30th October 2016
• by Karim Mohy

Abu Dhabi developer Bloom Properties, a subsidiary of Bloom Holding, has announced the completion of Bloom Central, its mixed-use development in Abu Dhabi.

Apartment Rents in Dubai and Abu Dhabi Continue Decline

• Sunday, 30th October 2016
• by Karim Mohy

The average rents for apartments in Dubai and Abu Dhabi witnessed a minor decline in the third quarter of 2016, according to bayut.com's latest UAE market report published last Monday.

Al Khozama Secures Funding From Saudi NCB

• Sunday, 30th October 2016
• by Karim Mohy

Saudi-based developer and property manager Al Khozama Management Company announced on Wednesday it signed a substantial funding agreement over SAR 1.3 bn with the National Commercial Bank (NCB) to finance future projects.

Union Properties Planning New Residential Project in Dubai’s Motor City

• Thursday, 27th October 2016
• by Karim Mohy

Dubai-based developer Union Properties PJSC plans to launch a new $109 mn mixed-use development in its Motor City in Dubai.

Qatar’s Barwa Reports Rise in Q3 2016 Profits

• Thursday, 27th October 2016
• by Karim Mohy

Qatari developer Barwa Real Estate reported a rise of 136.2% in its third quarter net profit, up to QAR 297.4 mn.

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.