Monday 1 September 2014
 
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real estate

Dubai group launches high-end office project

Dubai-based Sweid & Sweid Development has broken ground on its high-end office building project, 'The Edge' coming up in the heart of Dubai Internet City The commercial building, which is aimed at helping address key g

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Qatar’s real estate prices hit new high

The real estate market in Qatar continues to soar with average prices for land, commercial and residential properties in June standing at 20 per cent above their peak in September 2008. The data provided by the Real Estate Price I

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Damac ready for release of ‘Akoya Oxygen’ units

Damac, one of Dubai’s leading luxury developers, said it has brought forward the second release of units at its latest master development, Akoya Oxygen, following ‘unprecedented’ customer demand. Akoya Oxygen is

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Kuwait real estate sales down 37pc

The real estate sales in Kuwait fell 37 per cent year-on-year (y/y) in July  to KD268 million ($941 million) compared to last year, according to a report. The sales plunged by 49 per cent compared to June, which was a record

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GCC investors buy Dubai properties worth $5bn in H1

Investors from the Gulf Cooperation Council (GCC) states spent more than Dh19 billion ($5.17 billion) on real estate projects in Dubai, UAE, during the first half of the year, a report said. UAE nationals topped the list with Dh12

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Abu Dhabi sees 7pc rise in residential unit price

Abu Dhabi’s real estate market has experienced growth in prime residential sector with the sales price of units increasing seven per cent during the second quarter of the year, according to a JLL report.

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Saudi banks offer $32.9bn real estate loans in Q1

Saudi banks provided loans totalling SR123.4 billion ($32.9 billion) to the real estate sector in the kingdom during the first quarter of this year, a report said. Real estate loans to individuals rose by 33 per cent in Q1 2014 to

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Dubai warned on new, large projects

The recent announcement of large, ambitious projects by Dubai could lead to another boom-bust real estate cycle, particularly as there has not yet been major deleveraging in the economy, a report from BofA Merrill Lynch Global Research has warne

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UAE real estate market stabilizes in Q2

The UAE real estate has somewhat stabilised in the second quarter after the initial frenzy triggered by Dubai’s successful '2020 World Expo' win, said a property expert. The Abu Dhabi government’s decision to r

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Damac project gets green building certification

Dubai-based Damac Properties, a leading luxury real estate developer, said it has become the first company to receive a Green Building Certification from the Department of Planning & Development, Trakhees. Trakhees, the depart

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