News / Middle East

Dubai Investments to Manage DIP Residential Project

Leading investments conglomerate, Dubai Investments, has signed an agreement to manage and market the residential project, 'The Palisades', within Dubai Investments Park (DIP), the company announced in a statement.

Saudi Cabinet Approves Tax on Lands, Rules for Foreign Investments

The Saudi Cabinet approved a tax on urban land that is not developed, as well as rules regulating foreign investments in the Saudi Kingdom to own 100 percent of retail and wholesale businesses, the official Saudi Press Agency said.

Dubai Properties Launches Flexible Payment Plans For Buyers

Top real estate developer, Dubai Properties, announced a flexible payment plan for buyers of properties in Arabella and Serena developments, as part of the company’s Ramadan celebrations.

Limitless Awards AED 227.5 M Residential Towers to Eastern International

Dubai-based developer Limitless has awarded AED 227.5 million project at The Galleries, at Downtown Jebel Ali, to Sharjah-based contracting company, Eastern International.

Dar Al Arkan Discusses Housing Plan with Saudi Government

Saudi top real estate developer, Dar Al Arkan Real Estate Development Co. announced holding talks with the Saudi government to provide housing units under the Saudi economic reform plan.

Danube Announces AED 300 M Dubai Affordable Project Sold Out

Dubai-based Danube Properties announced that the AED 300 million ($ 81 million) Glamz Residence project at Al Furjan area in Dubai, which is part of an affordable housing scheme, has been sold out, Construction Week Online reported.

Report: Dubai Property Prices Going Down

Dubai property sale prices in several places in the city is said to have fallen by as much as AED 25,000 ($6,800) over the past year, according to a new report by Core, the UAE associate of real estate firm Savills.

Dubai Properties to Launch Bellevue Towers Downtown

Dubai Properties, a real estate developer, is set to launch Bellevue Towers, a two-tower project, in Downtown Dubai.

CSCEC Wins Education City Project Worth KWD 175 M in Kuwait

The Middle East unit of China State Construction Engineering Corporation (CSCEC) was awarded a management facility deal for the Kuwaiti education city project, Sabah Al Salem University City, worth KWD 175 million ($ 580 million).

Edamah Injects BHD 350 M Worth of Investments in Hawari Islands

Bahraini real estate arm of Bahrain Mumtalakat Holding Company, Edamah announced the investment of BHD 350 million ($ 930 million) in Hawari Islands, to transform the archipelago into an eco-friendly tourism destination.

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