Monday 8 February 2016
 
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GCC nationals may face housing clamp in Bahrain

GCC nationals may be banned from owning residential property in Bahrain due to limited spaces available for Bahrainis. A group of MPs, led by Shaikh Majid Al Majed, is working on new legislation that would stop GCC nationals from getting their

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Sloanes unveils new property showroom in Jeddah

UAE-based Sloanes Real Estate Brokers has officially opened its new property showroom in Jeddah, Saudi Arabia, in line with its plan to boost its presence in the kingdom and invest in the country's high quality and modern infrastructure.

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Knight Frank boosts GCC valuation advisory team

Knight Frank, a leading property agency and consultancy, said it has hired Alexandros Arvalis, a senior professional to strengthen the service line and expand the company’s reach in the Gulf region. Arvalis joins Knight Fran

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Mideast buyers invest $5.22bn in European hotels

Middle Eastern buyers invested €4.79 billion ($5.22 billion) in some of the world’s most iconic hotels across key European markets in last 24 months, according to Check In, a European inbound hotel investment report by real estate con

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UK property consultants meet investors in Bahrain

A two-day London property showcase in Bahrain organised by Fraser & Company, a London estate agent with offices in Hong Kong and Dubai, UK, concludes today (January 25). Being held at the Capital Club in Bahrain Financial Harbour, the even

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Retail boom powering Bahrain property market

As GCC markets are forecasted to face prolonged economic challenges over the coming months, Bahrain looks set to be cushioned from the blow by continued infrastructure investment from the GCC aid fund, said a report. Despite negat

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Aldar acquires Daman House in Abu Dhabi

Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, has acquired Daman House  a commercial office building in Capital Centre, Abu Dhabi. Daman House comprises 23,000 sq

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Arcapita acquires US senior living facilities

Bahrain-based global investment manager Arcapita said it has acquired a privately-held portfolio of senior living communities in Colorado, US, in a joint venture with MorningStar Senior Living, an experienced operating partner specialising in th

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Bahrain’s residential property 'showing signs of stability'

Bahrain’s residential property sector continued to show signs of market stability during the third quarter of 2015 with insignificant quarter-on-quarter changes in key performance indicators, said a report. Despite the incre

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UAE economic growth seen at 3.9pc in 2015

Real economic growth in the UAE is estimated at 3.9 per cent year-on-year (y/y) for 2015, as real oil GDP growth continued to be affected by conditions in international energy markets, a report said. A resilient non-oil sector and

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