Abu Dhabi Sees Slide in Rents: CBRE

• Monday, 7th November 2016
• by Karim Mohy

Residential rents in the emirate of Abu Dhabi declined by 2% quarter-on-quarter while rents for office space as well as hotel occupancy rates also declined, according to CBRE's Q3 2016 Marketview for Abu Dhabi.

Damac Records 23% Drop in Nine-Month Net Profit

• Monday, 7th November 2016
• by Karim Mohy

Dubai-based real estate developer Damac Properties reported net profits of AED 2.84 bn in the first nine months of 2016, marking a drop of 23% compared to the same period last year.

Dubai Property Values Show Signs of Recovery -Report

• Sunday, 6th November 2016
• by Karim Mohy

Dubai's property values, on the decline since 2014, show signs of recovery as declines slow considerably, with some communities even recording a gain in prices, according to recent reports by Reidin-GCP on the changes in the Dubai real estate market and on the Dubai and Abu Dhabi Real Estate Price Indices.

Saudis Enraged by Housing Minister’s ‘Preachy’ Tweet

• Sunday, 6th November 2016
• by Karim Mohy

Saudi citizens heavily criticized their housing minister after a tweet in which he quoted Prophet Mohammed asking people to be generous to their neighbors, claiming he should focus on his work rather than preaching.

Dubai Properties Launches More Homes at Its Casa Dora Project

• Sunday, 6th November 2016
• by Karim Mohy

Dubai Properties announced the launch of additional homes at its Casa Dora at Serena project in Dubailand.

Azizi Announces New Serviced Residential Project

• Sunday, 6th November 2016
• by Karim Mohy

Azizi Developments, a UAE-based developer, has announced its Azizi Aliyah project in Dubai Healthcare City.

Dubai’s Dewa Starts Construction on New Headquarters

• Sunday, 6th November 2016
• by Karim Mohy

Dubai's Electricity and Water Authority has begun with the construction of its new headquarters, a zero energy building, in Al Jadaf.

Cityscape Jeddah Kicks Off

• Thursday, 3rd November 2016
• by Karim Mohy

Jeddah Urban Development and Real Estate Event – Powered by Cityscape got underway on Wednesday at the Jeddah Centre for Forums and Events and will run until Friday, November 4.

GCC Housing Ministers Conclude 15th Annual Meeting

• Thursday, 3rd November 2016
• by Karim Mohy

The launch of the GCC Housing Award was announced on the occasion of the 15th GCC Housing Ministers Committee meeting last week in Riyadh.

DAMAC Announces Launch of Akoya Relax

• Thursday, 3rd November 2016
• by Karim Mohy

Dubai-based developer DAMAC Properties announced on Wednesday the launch of Akoya Relax, a community in its Akoya Oxygen development.