Sunday 2 August 2015
property sales

Overseas buyers, expats driving Damac sales

Dubai developer Damac Properties posted strong property sales in the first quarter thanks to robust demand from foreign buyers, its managing director told Reuters on Monday. Sales hit Dh2.8 billion ($762 million) in the first thre


Dubai sees strongest July property sales

Dubai’s real estate industry achieved the highest number of unit sales and corresponding total unit value for any month of July on record according to data sourced from the Dubai Land Department. With 1,767 transactions, the indus


Kuwait sees 41pc jump in property sales

Kuwaiti real estate sales rose 41 per cent in the year to November, on high sales of residential and commercial property, official data showed on Monday. The sales in the Gulf state rose to KD193.15 million ($672.6 million) from KD137


Kuwait Oct property sale plunges 56pc

Kuwait's real estate sales plunged 56 per cent in October, the seventh month of decline after the government restricted private firms from trading in residential property to curb inflation, official data showed on Wednesday. Real estat

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