Wednesday 5 August 2015
 
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real estate

Jeddah office, residential rentals set for growth

While the real estate market in Jeddah remained in the upturn stage of its cycle during the second quarter, further rental growth may be seen over the rest of the year in office and residential sectors, an industry expert said. &l

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$15bn to flow from Mideast into global real estate

An average of $15 billion per year will flow out of the Middle East into direct real estate investment globally in the near term, according to the latest research from global property advisor CBRE Group. The Middle Eastern investo

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Abu Dhabi real estate market stable in Q2

Abu Dhabi’s real estate market remained stable during the second quarter (Q2) of this year, with performance of most sectors remaining flat, and a slight increase in hospitality performance, said an industry expert. “F

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UAE property firm launches new portal

UAE-based property and real estate company Property Trader has launched its new website propertytrader.ae, aiming to provide visitors with a convenient way to find the perfect property to meet their needs. With over 25,000 listing

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Saudi's Dar Al Arkan Q2 profit down 42pc

Dar Al Arkan, one of Saudi Arabia's largest property developers, reported a 42 per cent drop in second-quarter net profit on Tuesday, missing analysts' forecasts. Arkan made a net profit of SR70.5 million ($18.8 million) i

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ME property market among world’s fastest growing

Middle East real estate market revenues have augmented at a compounded annual growth rate (CAGR) of 4.7 per cent between 2009 and 2014, making it one of the fastest growing sectors across the world, a report said. Foreign real est

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12,000 new homes to enter Dubai market this year

Nearly 12,000 housing units will enter the real estate market of Dubai, UAE this year, a report said, noting that the market showed signs of an efficient easing as well as sporadic gains in certain segments in May. The trend in ce

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Tasweek eyes diversification into new markets

Dubai-based Tasweek Real Estate Development and Marketing has announced plans to pursue growth prospects in promising segments such as smart technologies for food and beverages (F&B), entertainment and sports. The announcement

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Agility plans $225m investment in UAE mall

Kuwaiti logistics firm Agility said one of its subsidiaries has reached an agreement with National Real Estate Company to invest $225 million in a shopping mall in Abu Dhabi, UAE. The mall will be a partnership project in which investme

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JLL, Jeddah Chamber launch retail index

JLL, a leading real estate investment and advisory firm, and Jeddah Chamber of Commerce (JCCI) have partnered to collect and share data on the retail sector in Jeddah, Saudi Arabia, for the newly established JLL-JCCI Jeddah Retail Index.

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