Friday 29 April 2016
 
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Mövenpick inks new upscale project in Dubai's Business Bay

Mövenpick Hotels & Resorts has signed a management agreement with Richreit Real Estate Development for one of its most high-profile projects yet in Dubai’s sought-after Business Bay district. The 40-floor Möven

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Brussels bombers prepared a 'satanic' cocktail at home

An empty apartment block on a quiet street turned out to be the perfect place for the three suspected Brussels attackers to prepare the home-made nail bombs used in Tuesday's airport and metro attacks that killed at least 31 people.

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First Central Aparthotel unveils attractive DSF offer

First Central Hotel Apartments, located in TECOM, is offering a 15 per cent discount on the Best Available Rate as part of its special DSF promotion. From January 1 to February 1, 2016, guests and tourists travelling to Dubai are

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Abu Dhabi firm in prime London apartment sale

Abu Dhabi Financial Group, an alternative investment company in the UAE, said one of its subsidiaries has sold a luxury flat overlooking Buckingham Palace in London for £20 million ($30 million). Northacre, a UK-based luxury

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Dubai apartment prices down 11pc, to drop further

The apartment prices in Dubai, UAE, have fallen 11 per cent in the past one year and will decline further because of tighter regulations, rising inflation and a strong UAE currency, said a report. Inflows of cash from troubled areas of

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Ascott opens first serviced residence in Saudi Arabia

The Ascott Limited, CapitaLand’s wholly-owned serviced residence business unit and leading serviced residence owner-operator, has opened its first serviced residence in Saudi Arabia.   Vincent Miccolis, Asc

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Saudi Arabia housing rents set for steep hike

There will be a sharp rise in apartment rental prices across Saudi Arabia over the next six months, thanks to the effect of the 30 per cent mortgage law, said a report. Stability is likely only in 2017, when the kingdom’s governme

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Auris Metro Central Apartments receives top honour

Auris Metro Central Hotel Apartments, a unit of Dubai-based The First Group, has been awarded TripAdvisor’s Certificate of Excellence for the second consecutive year. Located in the heart of Dubai’s bustling Tecom precinct,

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Damac Properties opens first NAIA hotel apartment

Luxury real estate developer Damac Properties has opened the first NAIA Hotels and Hotel Apartments project in the heart of the Burj Area of Dubai, UAE. NAIA Breeze, a 342-key luxury project with five-star service standards overlo

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Meraas, Bulgari to launch luxury project in Dubai

Meraas, a Dubai-based holding company, has joined hands with international luxury brand Bulgari to launch a first-of-its-kind master development on a private island off Jumeirah in Dubai. It comes as part of the 1.7 million-sq-ft

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