Thursday 28 August 2014
 
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real estate

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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RAK firm picks ‘green’ architects for villa project

Ras Al Khaimah-based Al Hamra Real Estate Development said it has appointed world-leading specialists in sustainable development A++, as architects for its 150 new limited edition luxury villas. The new residence will boast no les

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RAK real estate firm gets $230m funding

Ras Al Khaimah-based Al Hamra Real Estate Development said it has obtained a Dh850 million ($230 million) financing facility from international and local banks led by Goldman Sachs for its upcoming projects. The privately-owned fi

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