Dubai Advisory Firm Warns Of Continued Decline in Prices in 2017

• Sunday, 16th October 2016
• by Tim Nanns

Phidar Advisory, a Dubai-based advisory company, claimed in a recent report that property prices and rents on Dubai's residential market continued to decline in the third quarter of 2016 and might drop further throughout 2017.

Dubai Investments Appoints New General Manager for its Investment Unit

• Sunday, 16th October 2016
• by Tim Nanns

Dubai Investments PJSC announced the appointment of Rashid Abdulla Al Haji as General Manager of its Properties Investment unit.

Dubai’s Desert Rose Project Moves to Detailed Design Stage

• Sunday, 16th October 2016
• by Tim Nanns

The $8.17 billion Desert Rose project, which is set to become a smart and sustainable satellite city, reached the detailed design stage.

DP to Launch Dubai Waterfront Project on Time

• Sunday, 16th October 2016
• by Tim Nanns

Dubai Properties (DP) announced that the Marasi Business Bay Promenade will launch in November, just as planned.

Kuwaiti Authorities Place Travel Ban on 20 Real Estate Executives

• Thursday, 13th October 2016
• by Tim Nanns

Kuwait has issued a travel ban on 20 real estate executives who are being accused of fraud.

Azizi Unveils Plaza Project

• Thursday, 13th October 2016
• by Tim Nanns

Azizi Developments, a UAE-based developer, announced its Azizi Plaza project in the Al Furjan district in the UAE, valued at approximately $117 million.

First Dubai South Project Ready for Handover

• Wednesday, 12th October 2016
• by Tim Nanns

Dubai's Damac Properties announced the completion of the first project in Dubai South on Wednesday.

Bridges in Dubai Parks Project Completed

• Wednesday, 12th October 2016
• by Tim Nanns

Dubai's Road and Transportation Authority (RTA) on Saturday announced the completion of the construction works on the Dubai Parks and Resorts project.

Jeddah Real Estate Sector Slowing Down

• Wednesday, 12th October 2016
• by Tim Nanns

The Jeddah real estate market is slowing down, according to JLL, citing challenging economic conditions, low oil prices, and government reforms as reasons for the slowdown.

Drake & Scull Denies Lawsuit From Saudi Company

• Wednesday, 12th October 2016
• by Tim Nanns

Drake & Scull International denied reports about an ongoing legal case filed by Saudi Arabian company Lamar Investment and Real Estate.