Media and News
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Kingdom Holding opts to expand key Riyadh project
07-Feb-2012Kingdom Holding Co (KHC), the Saudi-based investment group chaired by Prince Alwaleed, has decided to expand its key project in Riyadh, Kingdom Centre (Trade Centre) at an investment of SR43.8m ($11.6m). The expansion is planned to in...
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Kuwait developer signs contract for plots in Dubai's 'The Villa'
07-Feb-2012Kuwaiti developer, Al Mazaya Holding has signed a Dhs31m contract with Metac General Contracting for the construction of 30 residential villas in its ÂThe Villa development in Dubai. The plots range in area from 3,600 to 7,500 ...
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Qatar central bank pleased with rate of real estate credit growth
07-Feb-2012Sheikh Abdullah bin Saud al-Thani, the governor of the Gulf countryÂs central bank has said the apex lender is satisfied with the rate of credit growth for the real estate sector, Reuters has reported. Bank lending to the real esta...
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270 new homes for Dubai's Jumeirah
06-Feb-2012Dubai Real Estate Corp (DREC) has announced 270 new housing units of its Wasl Square project in Jumeirah are to be available for leasing soon, Emirates 24-7 has reported. The project, which will be released in phases, will have 140 ap...
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Abu Dhabi municipality launches electronic land survey tool
06-Feb-2012The municipality of Abu Dhabi City has launched a new service designed to provide individuals with information about the locations of land plots, districts and maps of the city and conurbation, Wam has reported. The ÂArdi (My L...
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UAE housing market to sink further, analysts point to oversupply
02-Feb-2012Analysts have said the four-year decline in house prices in the UAE isnÂt expected to end in 2012, as oversupply and concerns over the health of global economy weigh on the market, Reuters has reported. Growth in the second largest...
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Abu Dhabi municipality launches electronic land survey tool
06-Feb-2012The municipality of Abu Dhabi City has launched a new service designed to provide individuals with information about the locations of land plots, districts and maps of the city and conurbation, Wam has reported. The ÂArdi (My L...
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Dubai developer turns loss to profit
06-Feb-2012Dubai's second largest developer by market value, Deyaar Development has swung to a small profit in 2011 of Dhs37.7m ($10.3m), compared with a net loss of Dhs2.87bn in the previous year, Reuters has reported. The developer also posted...
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Qatar's Msheireb Properties eyes new financing
05-Feb-2012Qatari developer, Msheireb Properties is considering seeking financing next year for part of the $5.5bn Msheireb Downtown development, The National has reported. "So far, cash is not an issue for us," said Issa Al Mohannadi, the chief...
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270 new homes for Dubai's Jumeirah
06-Feb-2012Dubai Real Estate Corp (DREC) has announced 270 new housing units of its Wasl Square project in Jumeirah are to be available for leasing soon, Emirates 24-7 has reported. The project, which will be released in phases, will have 140 ap...
Read more
