Damac Records 37.4% Drop in Properties in Q2

• Sunday, 14th August 2016
• by Fatma Khaled

Dubai-based Damac Properties witnessed 37.4 % decline in profit in the second quarter of 2016.

New Homes to be Completed in Umm Al Qaiwain at AED 324 M Cost

• Sunday, 14th August 2016
• by Fatma Khaled

The UAE's Minister of Infrastructure, Abduallah bin Mohamed, stated that 232 homes located at the Umm Al Qaiwain complex are expected to be completed and delivered at the end of 2018.

3,000 Homes to be Delivered in Bahraini Hunainya Project

• Sunday, 14th August 2016
• by Fatma Khaled

Prince Salman bin Hamad Al-Khalifa, crown Prince and Deputy supreme commander of Bahrain, ordered Bahrain’s Ministry of Housing to deliver 3,000 units in the Hunainya housing project to authorized citizens.

Dubai’s Affordable Real Estate Prices Increase by 3.9% in July

• Thursday, 11th August 2016
• by Fatma Khaled

A varied price performance has been noticed in Dubai’s real estate market in July, due to location and quality according to a report by ValuStrat.

Dutch Developer to Launch Customized Floating Homes in Dubai

• Thursday, 11th August 2016
• by Fatma Khaled

New Living on Water (NLW), a Dutch developer, will launch new “organic- shaped” floating houses in Dubai during the upcoming Cityscape exhibition.

Ayla Delivers New Apartments in Jordan

• Thursday, 11th August 2016
• by Fatma Khaled

Ayla Oasis Development Company, a leading Jordanian real estate and tourism company, has announced that it delivered the first phase of the Ayla project in Aqaba to buyers.

Nakheel to Extend Al Khalil Avenue for $408 M

• Thursday, 11th August 2016
• by Fatma Khaled

Leading UAE real estate developer Nakheel has added 252 rooms to its Al Khalil Avenue project, and has assigned Dhabi Contracting to be in charge of construction.

MAB Facilities Management to Take Charge of Emaar Projects

• Thursday, 11th August 2016
• by Fatma Khaled

Jordan-based MAB Facilities Management has won the management rights for some of Emaar's projects during the first six months of the year.

Abu Dhabi Rental Spikes Prompt Widespread Disputes

• Wednesday, 10th August 2016
• by Fatma Khaled

Disputes have arisen between tenants and landlords in Abu Dhabi as a result of a prior official decision, according to real estate exerts, to increase rental rates by 5% in 2013.

Informal Houses in Kuwait to be Removed Within 4 Years

• Tuesday, 9th August 2016
• by Fatma Khaled

Makeshift houses in Sulaibiya and Taima in Kuwait are expected to be raised after the Public Authority for Housing Welfare amended law 36/2016 to prioritise the construction of low-cost housing,