Saturday 23 July 2016
 
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residential

Dubai property rents down in Q2 over Brexit

Rent values across the office and residential sectors in Dubai, UAE continued to face a downward slope in the second quarter (Q2) of the year as Brexit brought slight uncertainty into the market, a report said. Dubai caters to the

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Northern Emirates residential rents down in Q1

The residential sector in the Northern Emirates remained flat in the first quarter with a marginal decline in the rental rates being registered at Sharjah and Fujairah, said a report. The residential sector in the Northern Emirate

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Bahrain’s Seef Terraces homes see big demand

Rising buyer interest in a newly launched BD18-million ($48 million) residential project signals continuing resilience of Bahrain’s real estate space, a top official of the project sales agent was quoted as saying in the Gulf Daily New

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Oman residential rental market 'under pressure'

The residential rental market continued to be under pressure during Q1 2016 as companies are trying to adjust to the market conditions and minimise expenses by reducing headcount and housing allowances, according to leading consultancy house PKF

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Oman's Aqar group to develop $1bn mixed-use project

Omani property investment firm Al Khonji Real Estate & Development (Aqar) has inked deals for the lease of land in Duqm Special Economic Zone for the construction of a mixed-use development at an investment of RO390 million ($1.09 billion),

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Damac launches Aykon luxury residential tower

Dubai-based Damac Properties has launched the 60-storey residential tower within the Aykon City project overlooking the Dubai Canal. The tower will house the luxury apartment units and be part of the Aykon City development to be c

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Saudi government halts key housing project

Saudi Arabia's housing ministry has called upon developers to halt work at a major residential project along the Riyadh-Dammam-Qatif highway and called for redesign of the internal and external areas, said a report. Eight Saud

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Dubai residential property rental price down 4.2pc

The residential property prices in the rental market of Dubai, UAE, fell 4.2 per cent year-on-year (y-o-y) in April mainly due to a sharp decline in rental prices of both villa and apartments in the emirate, said a report. The res

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Saudi residential market slowdown continues

The residential real estate market in Saudi Arabia continued its slowdown in 2016, with transaction volumes and sale prices declining at a slower rate compared to 2015, said a new report. The reduction in government spending, due

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ACC wins Emaar's Saudi residential project

Leading property developer Emaar Properties said its Saudi subsidiary has signed up UAE-based Arabian Construction Company (ACC) to build three residential towers at its 413,000-sq-m master-planned community Jeddah Gate. Emaar Res

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