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Real Estate Developers Combat COVID-19

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Seven Tides Rolls out Support Measures for Tenants

UAE's property developer Seven Tides said its residential, commercial, and retail tenants in Dubai's Discovery Gardens and Ibn Battuta Gate are eligible to receive rent relief measures if they experienced job cuts, salary reductions, or disruptions to their businesses because of the Covid-19 crisis

Saudi Arabia Eases Curfews Nationwide

Saudi Arabia has partially lifted restrictions on April 26 across the country, while keeping 24-hour curfews in the city of Mecca and neighborhoods previously put in isolation

Saudi Malls Exempt Tenants From Rental Payments Amid COVID-19

Saudi Arabia has seen at least four shopping malls granting a rent reprieve to retailers and other tenants due to coronavirus, Zawya reports.

Tenant Negotiations Provided in Dubai Rental Market

Dubai's rental market provides room for tenant negotiations in addition to other incentives

Arabtec Wins AED 210 mn Construction Deal in Abu Dhabi

UAE's Arabtec Holding said its wholly-owned subsidiary Target Engineering has been awarded two key contracts valued at AED 210 mn in UAE

Dubai Sees 10,243 Property Transactions in Q1

Dubai registered a total of 10,243 real estate transactions in the first quarter of 2020

Dubai’s Emaar Sells 80% of Cooling Business

Dubai's Emaar Properties sold its 80% stake in its cooling business in the prime Dubai Downtown area to National Central Cooling Co. (Tabreed) for USD 675 mn

Dubai Announces Lockdown for 2 Weeks Amid Coronavirus

Dubai announced a two-week-long lockdown starting on April 3 to contain the spread of the coronavirus

COVID-19 to Impact Property Design, Management: Lootah

Lootah Real Estate Development said the coronavirus disease (COVID-19) is expected to change the region's real estate design and property management in the short and long term

Emaar Adopts Work-From-Home Policy

Dubai-based Emaar Group has adopted a work-from-home policy for its employees effective March 23

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