Aldar Gears Up for Major Expansion in Al Ain Retail Market

• Wednesday, 27th July 2016
• by Eman El Sherbiny

The Abu Dhabi-based Aldar Properties is planning on targeting Al Ain’s business environment to expand its portfolio in the retail sector, aiming to build on the emirate’s thriving business environment.

Al Jaber Building Wins AED 370 M Jawaher Saadiyat Contract

• Wednesday, 27th July 2016
• by Eman El Sherbiny

The Tourism Development & Investment Company (TDIC) has assigned AED 370 million ($100 million) Jawaher Saadiyat construction contract to Al Jaber Building.

Damac Announces Phase 1 of Akoya Imagine Villas Is Sold Out

• Wednesday, 27th July 2016
• by Eman El Sherbiny

The first phase of Dubai’s Akoya Imagine villas is sold out, while a second phase will be launched at the end of this month.

Al Mazaya Posts 1.06% Profit Increase in H1 of 2016

• Tuesday, 26th July 2016
• by Eman El Sherbiny

Al Mazaya Holding, one of the leading Kuwaiti developers has announced a net profit increase worth 1.06%, in the first half (H1) of this year.

Saudi Developer Dar Al Arkan Reports a 38.7% Drop in Net Profit

• Monday, 25th July 2016
• by Eman El Sherbiny

Leading Saudi property developer, Dar Al Arkan announced a 38.7% slump in its 2nd quarter (Q2) net profit, as well as a drop in land sales.

Action Hotels to Open in Dubai Healthcare City

• Monday, 25th July 2016
• by Eman El Sherbiny

Action Hotels plans on opening a Novotel-branded hotel, to offer an economic solution to travelers staying in Dubai Healthcare City.

Bahrain Approves Full Property Ownership for Foreigners

• Monday, 25th July 2016
• by Eman El Sherbiny

Following the approval from Prime Minister, Prince Khalifa Al Khalifa, the Bahraini government agreed to allow foreigners a 100% ownership, which can help the property market.

Hilton Expands with a Fourth Agreement in Morocco

• Sunday, 24th July 2016
• by Eman El Sherbiny

Hilton Worldwide along with Société d'Aménagement et de Promotion de la Station de Taghazout (SAPST) agreed on the opening of a fourth hotel, including 170 rooms, in the Taghazout Bay Resort.

Deyaar Records 16% Rise in Revenues During H1 2016

• Thursday, 21st July 2016
• by Eman El Sherbiny

Dubai’s Deyaar Development has revealed that its net profit for the first half 2016 recorded AED 111 million, maintained by 16% of increased revenues.

Fujairah Offers Cheap Apartment Rental Listings

• Thursday, 21st July 2016
• by Eman El Sherbiny

In light of the UAE's high-end rental market, Fujairah was listed as the cheapest emirate, with lease values averaging at AED 11,000-22,000 annually.