Sunday 21 September 2014
 
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residential units

Abu Dhabi to see 10pc surge in new homes

Around 22,000 residential units are expected to be delivered in Abu Dhabi this year, marking a 10 per cent increase year-on-year, bringing the total number of units in the emirate to 240,000, a report said. Delivery of office and

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Saudi mulls hiking prices of residential units

Saudi Arabia’s real estate sector is considering raising the prices of residential units in the light of soaring labour costs, a report said. Depending on location and area of the unit, prices start at SR900,000 ($240,000),

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Sorouh unveils new 'Rent to Own' offer

Abu Dhabi developer Sorouh has announced a innovative plan for its key Sun Tower project in Al Reem Island under which the tenants will have the right to own apartments after three years of leasing and convert 90 per cent of the rent pai

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DPG plans new city for skilled workers

Dubai Properties Group (DPG), a member of Dubai Holding, has announced the launch of Nuzul, a dedicated community for skilled labour focused on providing an enhanced lifestyle to the emirate’s labour workforce. The developers behind Jumeir

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Gulf property outlook remains negative

The outlook for the real estate market in the Gulf region is negative as oversupply and funding issues weigh on the sector, ratings agency Moody's said on Monday. "The supply-demand imbalance in commercial property and to some degree in re

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Danube sees demand growth

Danube Building Materials (DBM) anticipates an increased demand from homeowners as well as interior design specialists for top quality building materials. The optimism follows a forecast by industry experts that Dubai and Abu Dhabi will ge

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Mazaya begins delivery of Icon Tower units

Al Mazaya Holding, the region's leading real estate company, has maintained its commitment to its clients by handing over 800 residential units at the Icon 1 and Icon 2 projects, located at Lake Jumeriah, to their owners. As the Dubai

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Deyaar hands over Al Seef II tower

Deyaar Development, the region’s fastest growing real estate company, announced the handover of all 210 units of Al Seef II, its premier residential development located in Jumeirah Lakes Towers. Al Seef II comprises 210 two- and three-bedr

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