Wednesday 29 July 2015
 
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Saudi Arabia housing rents set for steep hike

There will be a sharp rise in apartment rental prices across Saudi Arabia over the next six months, thanks to the effect of the 30 per cent mortgage law, said a report. Stability is likely only in 2017, when the kingdom’s governme

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Auris Metro Central Apartments receives top honour

Auris Metro Central Hotel Apartments, a unit of Dubai-based The First Group, has been awarded TripAdvisor’s Certificate of Excellence for the second consecutive year. Located in the heart of Dubai’s bustling Tecom precinct,

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Damac Properties opens first NAIA hotel apartment

Luxury real estate developer Damac Properties has opened the first NAIA Hotels and Hotel Apartments project in the heart of the Burj Area of Dubai, UAE. NAIA Breeze, a 342-key luxury project with five-star service standards overlo

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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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$6m Amwaj Mermaid opens doors to buyers

Amwaj Mermaid, a new BD2.3 million ($6.06 million) residential project of Bahraini developer Rashid Albufalah, has opened its doors. Amwaj Mermaid is a six-storey boutique residence boasting 18 spacious ready-to-move-in apartments

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Saudi prince's posh NY apartment put up for sale

A luxurious 10,500-sq-ft New York apartment owned by a Saudi prince which is furnished with bullet-proof panic rooms and a sushi island bar, has been put on the market for $48.5 million down from the $75 million price it was listed for in 2012,

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Golden Sands Hotel Apartments targets Indian tourists

Golden Sands Hotel Apartments (GSHA), a premier serviced apartment complex in Dubai, UAE, is looking to attract a bigger share of the Indian tourists segment, which represents close to 25 per cent of their total guests. During this year

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Northern Emirates rental rates up again in Q3

Dubai’s market dynamics are now prompting a slowing down of growth figures and could herald a softening in demand for competitively-priced residential rental units in the Northern Emirates as Dubai market conditions continue to adjust, sai

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Nakheel awards $20m Palm Jumeirah complex deal

Dubai developer Nakheel has awarded a Dh75 million ($20.3 million) contract to build a new residential complex with 130 apartments on Dubai’s Palm Jumeirah island.   The developer has awarded the deal to the UAE-based Tr

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4 injured in apartment fire in Abu Dhabi

Four people, including one firefighter, were injured in a fire that broke out in the bunk beds of an apartment in a 17-storey building in Abu Dhabi. The Abu Dhabi Police and the Civil Defense extinguished the fire, said a statemen

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