The volume of real estate sales in Dubai, UAE exceeded Dh129 billion ($35.12 billion) during the first six months (H1) of this year, compared to Dh57.6 billion ($15.68 billion) during H1 2014, said an industry expert.
While the real estate market in Jeddah remained in the upturn stage of its cycle during the second quarter, further rental growth may be seen over the rest of the year in office and residential sectors of the Saudi commercial hub, an industry ex
An average of $15 billion per year will flow out of the Middle East into direct real estate investment globally in the near term, according to the latest research from global property advisor CBRE Group.
The Middle Eastern investo
Abu Dhabi’s real estate market remained stable during the second quarter (Q2) of this year, with performance of most sectors remaining flat, and a slight increase in hospitality performance, said an industry expert.
UAE-based property and real estate company Property Trader has launched its new website propertytrader.ae, aiming to provide visitors with a convenient way to find the perfect property to meet their needs.
With over 25,000 listing
Dar Al Arkan, one of Saudi Arabia's largest property developers, reported a 42 per cent drop in second-quarter net profit on Tuesday, missing analysts' forecasts.
Arkan made a net profit of SR70.5 million ($18.8 million) i
Middle East real estate market revenues have augmented at a compounded annual growth rate (CAGR) of 4.7 per cent between 2009 and 2014, making it one of the fastest growing sectors across the world, a report said.
Foreign real est
Nearly 12,000 housing units will enter the real estate market of Dubai, UAE this year, a report said, noting that the market showed signs of an efficient easing as well as sporadic gains in certain segments in May.
The trend in ce
Dubai-based Tasweek Real Estate Development and Marketing has announced plans to pursue growth prospects in promising segments such as smart technologies for food and beverages (F&B), entertainment and sports.
Kuwaiti logistics firm Agility said one of its subsidiaries has reached an agreement with National Real Estate Company to invest $225 million in a shopping mall in Abu Dhabi, UAE.
The mall will be a partnership project in which investme