UAE's private developer Azizi Developments announced on November 11 the launch of Mirage in the upcoming Dubai Studio City.
The UAE's central bank has confirmed that the country’s real estate sector continues to endure a downward trend in the 2018 prices of residential and commercial properties for four consecutive years, owing to the rising housing supply volume in Dubai and Abu Dhabi "partially in preparation for Expo 2020."
Chinese hotel operator Huazhu Group has reached an agreement to acquire all shares of German-based hotel group Deutsche Hospitality through the former's wholly-owned subsidiary China Lodging Holding Singapore
The Red Sea Development Company (TRSDC) has awarded UK-based architectural firm Fosters + Partners the design contract for a new international airport at The Red Sea project, the former developer's anticipated tourism destination in KSA.
Kuwait-based Tamdeen Pearl, a subsidiary of Tamdeen Group, has launched "Al Khiran Hybrid Outlet Mall," marking the first-of-its-kind in the region and coming in response to shoppers’ demand for an all-inclusive experience.
Egypt and the UAE hold the largest volume of under-development branded homes, accounting for around 21%, with the former country currently having two branded residence schemes and 14 projects in the pipeline.
UAE-based Azizi Developments awarded on October 22 a construction tender of eight residential buildings in its mixed-use project in Dubai’s Mohammed Bin Rashid (MBR) City, dubbed "Azizi Victoria," to India's contractor Prestige Constructions"
The International Property Show (IPS) Riyadh, KSA, will host 16 Egypt-based property developers, meeting the government's plans to export Egyptian real estate abroad and convening from December 12 to 14, under the theme "Invest in Egypt."
UAE-based Al Ghurair Properties, the real estate development arm of Al Ghurair Investments, has uncovered its newest collection of four-bedroom villas for lease within its Dubai-based flagship development, "Al Barsha 1."
United Arab Emirates' bank lobby is proposing limits on bank lending to the real estate sector to protect them from being overexposed to sector.
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