UAE-based Azizi Developments on Thursday announced that it has recorded sales of AED1.3 billion ($350 million) over the Cityscape Global 2017 event in Dubai. The developer said that on day one of Cityscape alone, the entire phase one and 50…
Luxury residential and hospitality property developer Seven Tides will offer homes in Dubai with a reservation fee of just 1 percent at next week’s Cityscape Global show. The promotion will apply to its Anantara The Palm Dubai Residences and DUKES…
Arada has launched what is set to become Sharjah’s largest ever real estate development. Occupying an area of 2.2 sq km, the Aljada urban district will boast a gross real estate value of $6.5bn (AED24bn) and a total population of…
The new list confirms that UAE nationals are most active, outperforming all other nationalities. Sultan Butti bin Mejren, director general of Dubai Land Department, revealed that 217 nationalities have invested a total of AED151 billion in Dubai’s real estate market…
Sales prices for apartments in Makkah increased by around 3.1 percent over the first half of 2017, according to JLL’s H1 2017 Makkah Real Estate Market Overview report. Sales prices for villas also increased by 5 percent, consistent with data…
An $27.2m (AED100m) villa in Dubai’s luxury community Emirates Hills has been sold in what is believed to be a record-breaking deal and the highest property transaction for the area. Spanning across 42,000 square feet, the intricately-designed villa features eight…
State-owned Abu Dhabi National Exhibitions Co has formed a venture with UK developer Mount Anvil Group to build apartment towers next to the ExCel London conference venue, according to two people with knowledge of the plan. The companies could develop…
Abu Dhabi’s residential sector continues to experience consolidation, with falling selling prices across the majority of the market during the first quarter, according to a new report. CBRE’s Q1 2017 Abu Dhabi MarketView report said demand in the transactional market…
JLL, the golbal real estate investment and advisory firm, and Effat University, a private non-profit institution of higher education for women in Saudi Arabia, have signed an agreement that encourages students into the property sector. The memorandum of understanding is…
Residential property deals in Kuwait declined by 42 percent in April compared to March due to sluggish market activity, with recovery depending on oil price rise, Kuwait International Bank said on Tuesday. A total of 305 deals worth KD89 million…