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.

Dubai Approves More Than 1,800 Holiday Homes

• Tuesday, 25th October 2016
• by Karim Mohy

1,805 residential units in Dubai have to date been approved as holiday homes.

Water Released Into Dubai Water Canal for the First Time

• Tuesday, 25th October 2016
• by Karim Mohy

The AED 2 bn Dubai Water Canal project was first flooded with water on Monday afternoon.

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.