Sunday 3 May 2015
 
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Palm Hills nets solid Q1 profit growth

Egyptian developer Palm Hills has reported a first quarter net profit after minority interests of E£215 million ($28.2 million), up from E£50 million ($6.5 million) in the same period last year, Egypt's second-biggest listed prop

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Riyadh property sales sink over tough mortgage rules

Residential property sales in Saudi Arabia's capital Riyadh have plunged since the kingdom introduced tougher mortgage rules last November, research from JLL shows, and the consultancy predicted the restrictions would spur further country-wi

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Meraas, Bulgari to launch luxury project in Dubai

Meraas, a Dubai-based holding company, has joined hands with international luxury brand Bulgari to launch a first-of-its-kind master development on a private island off Jumeirah in Dubai. It comes as part of the 1.7 million-sq-ft

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Batelco offers new residential broadband package

Bahrain Telecommunications Company (Batelco) has announced the launch of a 300Mbps residential broadband package. The package is meant for users demanding high speeds and thresholds, said a report in the Gulf Daily News (GDN),

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TDIC launches modern villa project in UAE

Tourism Development & Investment Company (TDIC),  a leading property developer in Abu Dhabi, UAE, has launched Jawaher Saadiyat, its latest luxurious residential community in the Saadiyat Beach District. Comprising 83 uni

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TDIC launches modern villa project in UAE

Tourism Development & Investment Company (TDIC),  a leading property developer in Abu Dhabi, UAE, has launched Jawaher Saadiyat, its latest luxurious residential community in the Saadiyat Beach District. Comprising 83 uni

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New homes influx ‘could impact Dubai rents’

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. C

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Damac starts work on Dubai residential project

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. O

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Palm Hills to develop Cairo residential project

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

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Manara launches two new housing schemes

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

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