With 25,000 residential units slated for delivery in 2015, rental rates in Dubai, UAE, will be impacted further, a report said, noting however that the decline could be neutralised in the wake of an increased demand for accommodation.
Luxury real estate developer Damac Properties said it has started work on 1,500 homes at its ambitious Trump World Golf Club project in Dubai, UAE, following the completion of the design work at the Tiger Woods-planned property.
Egypt-based Palm Hills has signed an agreement with real estate developer Madinet Nasr for Housing and Development (MNHD) to establish an integrated residential project on the Cairo-Suez desert road, said a report.
As per the agre
Bahrain-based Manara Developments announced the launch of two new residential projects providing 136 apartments Muharraq and the Northern Governorate in the kingdom, a report said.
They are designed to latest engineering and
Despite a substantial rise in new stock, the residential and office markets in Dubai, UAE, still remain broadly stable, a positive indicator after a period of significant rental and sale price growth over the past two years, said a report.
Palm Hills Developments has joined hands with Madinet Nasr for Housing & Development (MNHD) to develop two pieces of land in Egypt which is spread over 433,643 sq m, said a report.
The land will be owned by the MNHD through th
The property rental rates in both Dubai and Abu Dhabi residential markets witnessed steady growth in February increasing 7.7 per cent and 2.2 per cent year-on-year (y-o-y) respectively, said a report.
The villa sales market too ha
Jabal Omar Development, the largest listed real estate developer in Saudi Arabia by market capitalisation, said it had sold residential units worth SR70.1 million ($18.7 million).
The company had earlier announced plans to hold an
Oman-based Zain Property Development has officially launched the fifth and sixth phase of its ambitious ‘Dar Al Zain’ project, which will boast of 21 premium villas built around an artificial lagoon in Seeb area of the sultanate.
Saraya Bandar Jissah, the developer of Oman’s newest integrated tourism complex (ITC), has awarded two major contracts for construction of its Wajd and Nameer residential zones to Towell Construction and Company (TCC).