Thursday 26 March 2015
 
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Housing

Abu Dhabi sees big demand for quality housing

The demand for good quality housing across all price points in Abu Dhabi, UAE, is fiercer than ever as a rapid growth in the international work force has seen a 50 per cent population jump in the emirate over the last five years, said  expe

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Saudi real estate shares tumble on new tax plan

Saudi Arabian real estate shares tumbled on Tuesday after the cabinet approved a proposal to tax undeveloped land in urban areas - a policy that could shake up investment incentives in the kingdom and help to resolve a housing shortage.

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Saudi real estate shares tumble on new tax plan

Saudi Arabian real estate shares tumbled on Tuesday after the cabinet approved a proposal to tax undeveloped land in urban areas - a policy that could shake up investment incentives in the kingdom and help to resolve a housing shortage.

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Bahrain ministry seals Diyar Al Muharraq housing deal

Bahrain's Ministry of Housing has signed a major agreement with Diyar Al Muharraq, one of the country's leading urban developer, for the purchase of 3,100 residential units at its upcoming residential project. The deal for

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Hunainiya homes set for handover in Bahrain

Housing units at Hunainiya in Bahrain will be handed over to beneficiaries before mid-year, a report said. The project is ready but the units won't be distributed until work on entrances and exits are complete, Housing Mi

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Egypt plans new administrative capital east of Cairo

Egypt plans to build a new administrative capital east of Cairo within five to seven years at a cost of $45 billion, its housing minister said at an international investment conference in Sharm El-Sheikh on Friday. Mostafa Madboul

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Egypt aims for final Arabtec housing deal by mid-March

Egypt's housing minister said that talks with Dubai-listed Arabtec are continuing and that he hopes to reach a final deal on a plan to build a million homes before a March 13 to 15 investment conference in Sharm El-Sheikh.

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Saudi Arabia must boost 'green housing'

Saudi Arabia must focus on building cheap and environmentally-friendly houses using concrete and wooden materials for the ever-increasing population in capital Riyadh, said an expert. According to World Bank (WB) figures, the popu

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Diplomat in Bahrain backs call to segregate labourers

An Asian diplomat has backed calls to segregate labourers from the rest of the community, but only if they are provided with ‘proper’ and ‘secure’ accommodation. Bangladesh Embassy minister Mehdi Hasan said

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UAE inflation jumps 3.7pc in January

Consumer inflation in the United Arab Emirates (UAE)  jumped 3.7pc in January compared to the same period last year, according to the National Bureau of Statistics figures. It's the highest rate of inflation since 2009.

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