Friday 30 September 2016

London to launch inquiry into foreign property ownership

London's mayor Sadiq Khan will launch an inquiry into foreign ownership of property in the British capital which has helped push up housing costs, the Guardian newspaper cited him as saying on Thursday. "It's clear we need to better understand the different roles tha


Majid Al Futtaim wins 'Green Star' status for third year

Majid Al Futtaim, a leading regional shopping mall, retail and leisure pioneer, said it has won the “Green Star” status for the third year in a row, by the Global Real Estate Sustainability Benchmark (GRESB) scheme. Identifying leaders in the real estate sector, GRESB compa


Bahrain's Impact group wins top property awards

Bahrain-based Impact Group has received top honours at the International Property Awards for Africa and Arabia regions, thus strengthening its position as one of the region’s leading consultancy providers for total business solutions. The International Property Award is con


Dubai brokers 'need government approval for property ads'

The property brokers in Dubai, UAE, will need to get approval from the Real Estate Regulatory Agency (Rera) before issuing advertisements and social media campaigns under new rules, said a report. Currently, only registered brokers are allowed to advertise properties in Dubai, bu


Qatar sets ambitious 2030 'green buildings' target

Qatar has set an ambitious target to develop the highest number of ‘green or carbon-neutral’ buildings across the Middle East and North Africa (Mena) region by 2030, said a report. The move comes in line with the country's strategic plan to reduce its carbon footp


UAE industrial rental market 'steady' despite oil slump

The UAE industrial market has continued to show a relatively steady performance despite the emergence of economic headwinds, amidst ongoing global uncertainty, said a report by global real estate consultancy firm CBRE. The softening of crude oil prices over the past 18 months has


Omran releases prime land for sale at Madinat Al Irfan

Oman’s leading development company Omran said it was making available significant investment opportunities at Madinat Al Irfan, the country’s biggest urban development, with the release of 10 major land plots. The company has called upon major players in the fields of


Interface hosts workshops for regional architects, designers

Global modular flooring manufacturer Interface has launched the DesignLab, a series of VIP workshops for architects and designers centred on the principles of biophilic design in Dubai, UAE. The DesignLab is a first for the industry and is the next step in Interface’s objec


Major Sebacic acid project to be set up in Oman

Indian and Omani investors will set up a major joint venture project aimed at producing 30,000 tonnes of Sebacic acid per annum in Oman’s Duqm free zone, which will be commissioned by the end of 2017, said a report. The state-of-the-art export-oriented project will have a c


PetroRabigh construction delay to raise project cost

Saudi Arabian petrochemical company PetroRabigh said on Thursday it would again delay completion of an expansion project, raising the cost of the project to SR34 billion ($9.1 billion). Completion will be postponed by at least six months to the second quarter of next year because

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