Leading serviced residence owner-operator The Ascott is acquiring its first serviced residence in Docklands, Melbourne through a 50:50 joint venture with Qatar Investment Authority (QIA).
The A$71 million deal is part of its A$500
The apartment and villa prices fell marginally (under one per cent on average) in the prime UAE markets of Dubai and Abu Dhabi with 12-month declines of six per cent and four per cent respectively, said a report.
The average rents
SACO The Serviced Apartment Company has unveiled its new aparthotel brand, Locke, which encapsulates the company’s ambitious plans to drive the serviced accommodation sector forward.
Created for travellers who want to experi
The demand for apartments and small-sized villas in Riyadh, Saudi Arabia, remained robust in 2015, but the sale prices of apartments and villas were subdued, said a report.
The waiting period in residential compounds ranged betwee
Dubai Investments, a leading diversified investments conglomerate listed on the Dubai Financial Market, has signed an agreement to manage and market the 'The Palisades' project within Dubai Investments Park (DIP).
Rezidor, part of the Carlson Rezidor Hotel Group, has announced plans to open a Park Inn Apartment Hotel in Istanbul, Turkey.
The 484-key property will be Rezidor's largest hotel in Turkey and increases the group's portfol
Leading hospitality group Dusit Hotels and Resorts has signed a technical design agreement with ACES Property Development for a new hotel apartment project under its Dusit Princess brand in Dubai, UAE, said a report.
The agreement was s
Rotana, a leading international hotel management company, has signed a new agreement to manage an Arjaan Hotel Apartments by Rotana property in Morocco.
The 140-key property will be located at M Avenue, the new high-end shopping,
Savoy Suites Hotel Apartment in Dubai, member of the Dubai Quality Group, was the top winner of the Best Eco - Initiative award at the Middle East Hotel Awards (MEHA) 2016 ceremony held last week.
The ceremony, organised by dmg ev
Residential rents for apartments in Abu Dhabi have seen a moderate rental growth as supply and demand move towards equilibrium, said a report.
Overall, capital values for completed apartments have remained broadly stable, driven b