Friday 9 December 2016
 
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real estate

Kleindienst awards $1.3bn The Heart of Europe contracts

Kleindienst, one of the biggest European real estate companies, has awarded construction projects worth Dh4.8 billion ($1.3 billion) for the development of The Heart of Europe, a giant project featuring a cluster of six islands on The World loca

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Big demand seen for Makkah hotel sector

Increasing religious tourism in line with ‘Saudi Vision 2030’ will create huge opportunities in the retail, hotel and broader accommodation sectors in Makkah, Saudi Arabia, said an industry expert. “The long-term

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Dubai takes steps to regulate real estate marketing

Dubai's Real Estate Regulatory Agency (Rera) has made it mandatory for property owners to sign an agreement authorising real estate brokers to carry out their marketing campaigns under a new system to regulate real estate marketing, said a r

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ME real estate markets 'set for further uncertainty'

Following a sustained period of economic instability, fuelled by the falling oil prices and a general weakening of the global economy, the recent election of Donald Trump as the 45th president of the US is set to cause further uncertainty for th

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Ajman set for key real estate conference

Leading real estate experts and investors from the GCC and Middle East region will discuss ways to boost sustainable development at a one-day conference to be held next month in Ajman, UAE. The event is being organised by Real Est

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Investcorp acquires $250m US real estate properties

Bahrain-based alternative investment fund Investcorp said its US-based real estate arm has acquired a diverse portfolio of real estate properties in the Boston and Denver metropolitan areas, for $250 million. A global provider and

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Dubai, Abu Dhabi real estate 'on path to recovery'

Heading towards the end of the year, the real estate markets in both Dubai and Abu Dhabi appear to be making strides towards recovery, said a report. There has been a noticeable slowdown in the rate of price drops and a visible up

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Damac woos Chinese investors with key projects

UAE-based Damac Properties, one of the leading luxury real estate developers, is showcasing its collection of real estate projects before Chinese investors at Haiwaiyoujia Super Festival in capital Beijing. During the World Real E

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Dubai real estate shows signs of stabilising in 2017

With average residential values down 7.4 per cent during the past 12 months in Dubai, the rate of decline is expected to slow heading into 2017 before reaching a new base towards the end of next year, according to international real estate consu

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Canadian group buys into UAE real estate company

Milborne Real Estate, a leading property firm owned by Canada's condo-marketing guru Hunter Milborne, said it has bought a major stake in Gulf Sotheby’s International Realty, a leading real estate firm in the UAE. With t

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