Thursday 28 July 2016
 
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Dar Al Arkan Q2 net profit falls 38pc

Dar Al Arkan, one of Saudi Arabia's largest property developers, has reported a 38.7 per cent fall in second-quarter net profit, continuing its earnings slump as it made less money from land sales. Arkan made a net profit of S

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Bahrain's foreign ownership move to boost property sector

The recent decision by the Bahraini government to allow foreigner investors 100 per cent ownership in various sectors of the market is likely to have a positive long term impact on the kingdom’s property markets, according to leading inter

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Bahrain's foreign ownership move to boost property sector

The recent decision by the Bahraini government to allow foreigner investors 100 per cent ownership in various sectors of the market is likely to have a positive long-term impact on the kingdom’s property markets, according to leading inter

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CBRE to manage prime Bahrain retail property

CBRE, a global real estate advisory firm, has been appointed as the exclusive manager for Seef Corner in Bahrain by the property owners, the Humaidan family. Seef Corner is a 1,827-sq-m retail development situated in a prominent p

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Brexit 'a boon' for Mideast property buyers

With Brexit confirmed as the UK’s new reality, investors from the Middle East region, who are looking to buy residential property in London, will now benefit by up to 31 per cent compared to the third quarter of 2007, according to property

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UAE property expert Cavendish Maxwell names new CEO

Leading UAE-based property consultancy Cavendish Maxwell has appointed Nigel Armstrong, an industry veteran and also the former head of the Bannatyne Group in the UK, as its new chief executive officer. Armstrong, who takes over t

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Dubai team studies HK metro project development

A delegation from the Dubai's Roads and Transport Authority (RTA) recently visited Hong Kong to review the significance of property development around metro stations, and their impact on increasing the metro ridership. The vis

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Dubai residential property rental price down 4.2pc

The residential property prices in the rental market of Dubai, UAE, fell 4.2 per cent year-on-year (y-o-y) in April mainly due to a sharp decline in rental prices of both villa and apartments in the emirate, said a report. The res

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Saudi residential market slowdown continues

The residential real estate market in Saudi Arabia continued its slowdown in 2016, with transaction volumes and sale prices declining at a slower rate compared to 2015, said a new report. The reduction in government spending, due

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ME investors eyeing Birmingham, Manchester property

A number of Middle East investors are now focusing on prime properties in Birmingham and Manchester, which promises 6-7 per cent yields and strong capital appreciation outperforming London by over 3 per cent per annum, said an industry expert.

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