News / Middle East

Rental Declines in Dubai Limited to Certain Residential Areas

The Reidin-GCP report suggests that several communities has witnessed upward prices rather than lows which tends to increases a chance for a turnaround of the market as prices recover from losses of the last 18 months.

London’s Television Centre Marketed in Dubai as Residential Property

London’s Television Center will to be converted into residential apartments that will be marketed in Dubai next month.

Dubai’s Union Properties to Receive Loan for Motor City Residential Project

Union Properties, a Dubai developer, has dealt with two banks to receive a loan worth of AED 290 million to build its Oia Residences project in Dubai’s Motor City.

Wasl to Launch Port Views Project in Bur Dubai

Wasl Group has launched a multi-purpose project called Port Views, which includes approximately 1,500 apartments and three hotels in Bur Dubai.

Galfar Assigned Construction of Fishery Port in Duqm

The Special Economic Zone Authority (Sezad) in Duqm awarded Omani-based Galfar Engineering and Construction the contract for the construction of a fisheries port, related marine, and road works in Duqm.

One Palm Residential Project in Dubai to be Completed in 2018

Dubai-based luxury real estate developer Omniyat revealed that its AED 2 billion residential project on Dubai’s Palm Jumeriah, dubbed One Palm, is expected to be completed in 2018.

Bahrain’s Al Namal Partners With Zamil AC to Provide AC Solution in Atrium Mall

Al Namal is collaborating with Zamil Air Conditioner for the supply of air-conditioning solutions at the Atrium Mall in Bahrain.

Turkey to Build New Bridge Between Europe and Asia

Turkey has launched a project for one of the world’s largest bridges connecting Europe and Asia through the Bosphorous.

Abu Dhabi to Expand Capacity of Khalifa Port

Abu Dhabi’s Khalifa port container terminal will be expanded to accommodate more of the world’s largest ships.

Dubai’s Royal Bay Residential Project 85% Sold Out

Azizi Developments, a UAE-based company, has stated that 85% of its Royal Bay Residence project in Dubai has been sold.

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