Thursday 5 May 2016
 
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property

Riyadh’s real estate sector sees selective Q1 growth

The real estate market in Riyadh, Saudi Arabia, witnessed varied performance across its real estate sectors  during the first quarter of the year, said a report. Both the residential and hotel market experienced a general slo

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Sidra Capital acquires first US property

Sidra Capital has announced its first foray into the US real estate market with the funding and acquisition of a newly-built office building in the prosperous Charlotte suburb of Fort Mill, South Carolina. The SR350-million ($93.2

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Sidra Capital acquires first US property

Sidra Capital has announced its first foray into the US real estate market with the funding and acquisition of a newly-built office building in the prosperous Charlotte suburb of Fort Mill, South Carolina. The SR350-million ($93.2

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Dar Al Arkan Q1 net profit falls 60.7pc

Dar Al Arkan, one of Saudi Arabia's largest property developers, extended an earnings slump as it reported a 60.7 per cent fall in first-quarter net profit on Thursday due to declining sales revenue. Arkan made a net profit of

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Bahrain’s '3G' exhibitions getting bigger, better

Bahrain’s most awaited annual showcase for the construction (gulfBID), interiors (gulfInteriors) and the property (Gulf Property Show) - is poised to open its doors again this year with more exhibitors and a larger exhibition space.

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URC posts 8.3pc increase in net profit

United Real Estate Company (URC), a leading development and property services company based in Kuwait, has reported a net profit of KD8 million ($26.47 million) for 2015, an 8.3 per cent increase from the previous year. URC chairm

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Radiant Star's Dubai towers to be ready by 2016-end

Dubai-based realty major Radiant Star said work on its Dh325-million ($88.4 million) freehold development, Riah Towers, at the Dubai Culture Village is nearing completion and will be ready for handover in the fourth quarter of 2016.

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Morocco's bourse suspends trading in property firm

Morocco's financial market watchdog AMMC suspended trading in property company Alliances Development on Thursday pending an important announcement, a source from the regulator said. The move came in the last day of the three m

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Al Hamra seals partnership deal with ADCB

Al Hamra Real Estate Development (AHRED) of Ras Al Khaimah, UAE, said it has signed a new partnership deal with Abu Dhabi Commercial Bank (ADCB), a first for the property developer, to provide mortgage facilities for its expanding portfolio of p

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London, New York top UAE real estate investors' list

The majority of the UAE's high-net worth individuals (HNWIs) are set to pump in big money into prime real estate markets across the globe with London and New York topping their investment destinations list, said a report. Lond

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