Saturday 25 June 2016
 
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residential

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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Sharjah awards residential community contract

Sharjah Holding, a strategic partnership between the government of Sharjah and Majid Al Futtaim Properties, said it has awarded the first stage of the construction contract for the new Al Narjis neighbourhood in Al Zahia, the first residential g

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Bahrain's massive housing project on track

Work on the massive East Sitra Town residential project in Bahrain is progressing as per schedule with 95 per cent of the reclamation phase completed, said a report. The East Sitra Town is one of the biggest projects featuring in the Go

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Dubai residential property prices down 4.9pc

The residential property prices in the rental market in Dubai, UAE, plunged 4.9 per cent year-on-year (y-o-y) in March owing to a steep fall in apartment and villa prices compared to the same period last year, said a report. The D

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Aldar's residential projects on track

Aldar Properties, a leading real estate developer in Abu Dhabi, UAE, said work on all its residential projects in the capital Abu Dhabi - Al Hadeel, Ansam, Al Merief, Nareel Island - was going as per schedule with steady progress being made on t

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Dubai residential sales, rental values down

As the local economy continues to adjust to softening global conditions, the overall residential values and rents in Dubai are set for a further decline throughout 2016, according to leading international real estate consultancy Cluttons.

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