Deyaar Reports 22.5% Increase in Profits in Q3

• Monday, 24th October 2016
• by Karim Mohy

Dubai-based developer Deyaar announced on Sunday a 22.5% increase in profits in the third quarter of 2016, compared to Q3 2015.

Saudi’s Dar Al Arkan Q3 Net Profit up 21.4%

• Monday, 24th October 2016
• by Karim Mohy

Saudi-based Dar Al Arkan Real Estate Development Company announced a jump in its net profits in the 3Q 2016, increasing by 21.4% compared to the previous quarter.

Wasl Properties Launches First Phase of New Project in Jumeirah

• Monday, 24th October 2016
• by Karim Mohy

Wasl Properties, a subsidiary of Dubai's wasl Asset Management Group, has announced the launch of the first phase of the wasl 51 project in Jumeirah, Dubai.

Abu Dhabi to Speed Up Issuance of Construction Permits

• Monday, 24th October 2016
• by Karim Mohy

Abu Dhabi's Executive Council announced on Saturday its approval to start issuing construction permits at the Municipal Affairs and Transport Authority to centralize and expedite the process.

Investors Pushing to Revive Stalled Bahrain Beachfront Development

• Monday, 24th October 2016
• by Karim Mohy

Saudi investors in Bahrain seek to revive the halted $750 mn Marina West development along the Janabiya Highway, and aim to launch a petition to the Bahraini authorities next month.

Emaar Ranked World’s Top Skyscraper Developer

• Sunday, 23rd October 2016
• by Karim Mohy

Emaar Properties is the top-ranked developer on the Council on Tall Buildings and Urban Habitat's (CTBUH) list of tallest buildings in the world, joined by two other Dubai companies in the top 5.

Saudi Arabia Introducing New Safety Measures for Government Projects

• Sunday, 23rd October 2016
• by Karim Mohy

Saudi Arabia has begun to implement new safety and security measures for its government implemented projects starting from last, with several implications for contractors.

Saudi Housing Figures Under Criticism

• Sunday, 23rd October 2016
• by Karim Mohy

The percentage of homeownership in Saudi Arabia relative to the general population is 63%, according to figures stated by the Saudi General Authority for Statistics Demographic Research Bulletin (pdf) published last Monday — a figure which has come under critical scrutiny by industry representatives, economists and residents.

Dubai’s Property Market is Bottoming Out -Nakheel

• Sunday, 23rd October 2016
• by Karim Mohy

Dubai's property market, which has recently seen a decline in rents and sales prices, is witnessing a return of buyers, according to the chairman of Dubai-based developer Nakheel, Ali Rashid Lootah.

Job Cuts Put Pressure on Abu Dhabi’s Property Market

• Sunday, 23rd October 2016
• by Karim Mohy

Increasing job cuts in the private and public sector in Abu Dhabi have led to downward pressure on rents and sales prices.