News / Middle East

Saudi Arabia developing 10,000 housing units in Eastern Province

The Saudi Ministry of Housing signed deals with two national real estate companies on Wednesday to build more than 10,000 housing units in its Eastern Province in the Al-Qatif Governorate.

Abu Dhabi Rentals Decline in Q3 2016

Apartments in Abu Dhabi have witnessed a 0.5% decrease in rental prices in the third quarter (Q3) of 2016, according to a report by Cavendish Maxwell.

Arabtec to Launch New Hotel in Dubai

Dubai-based developer Arabtec will build a five-star hotel in Dubai Internet City after it won the contract worth AED 340 million.

Dubai to Build Residential Complex for Government Employees

A new residential complex will be built for employees working in the Dubai Corporation for Ambulance Services, according to a Dubai government report.

Arabian Centres to Launch Al Hamra Mall in Riyadh

A leading developer for international shopping malls in Saudi Arabia, Arabian Centres, will be launching Al Hamra Mall, containing 167 retails and entertainment outlets, in Riyadh.

Bahrain to Build 1,246 Units in Al Ramli Housing Project

The Bahraini government has issued a tender of 1,246 residential units that will be built within the first phase of the Al Ramli Housing Project, which is funded by Gulf Development Program.

Select Group to Launch Studio One Project at Dubai Marina

A 31-storey residential development will be launched by Select Group at a cost of approximately AED 450 million at the Dubai Marina.

UAE’s Al Habtoor Acquires 2 Office Towers in Budapest

UAE-based Al Habtoor Group has purchased two office buildings in Hugary in efforts to consolidate its presence in the country.

Atkins Develops Master Plan for New City in Oman

Atkins, a building consultancy company, will launch the master plan for a new city in Duqm, Oman, located near the city’s huge new port.

UAE Tycoon Sells Madrid Tower to Inditex Owner

Emirati tycoon Khadem al-Qubaisi reportedly sold Madrid's renowned Cepsa Tower to the founder of the leading fashion and textiles group, Inditex, at a cost of $551 million.

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