Thursday 30 June 2016
 
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Airbnb gets $1bn debt for expansion

Apartment-sharing startup Airbnb Inc has secured a $1 billion debt facility from some big US banks to aid its new services and finance its expansion plans, a source close to the company said. JPMorgan, Citigroup, Morgan Stanley an

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New GM for Marriott Executive Apartments Dubai Creek

Brian Nourollahi has joined Marriott Executive Apartments Dubai Creek as the property's new general manager. Nourollahi joins from the Marriott Executive Apartments Addis Ababa, the first Marriott property in the capital of Et

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$700m Villamar project in Bahrain set for completion by 2018

The first phase of a $700-million Villamar apartments project in Bahrain is expected to be completed by 2018, where units will be handed over to the investors, reported the Gulf Daily News, our sister publication. To read

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Marriott signs new Doha property, unveils expansion plans

Marriott International is preparing for significant growth within the Middle East and Africa with the signing of a new property in Doha, Qatar and plans to open 17 new properties across the region this year. At present, the hotel

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Vincitore debuts in Dubai with luxury apartments project

Vincitore Real Estate Development has officially made its debut in Dubai’s booming real estate sector with its flagship apartments project – Vincitore Palacio in the heart of New Dubai.  Located in Arjan, Dubailan

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New GM for First Central Hotel Apartments

First Central Hotel Apartments, located in the Tecom area in Dubai, has welcomed Wael El Behi as its new general manager. El Behi will oversee all operations of the 524-room property, including guest services, sales and marketing

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Oman to start work on new township by year-end

The Oman government is set to start work on the country's first integrated residential complex by the end of this year, said a report. The estimated billion-dollar venture, which will feature a mix of retail, leisure, commerci

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Dubai residential sales continue slide in Q4

Dubai’s residential sector experienced further declines during the fourth quarter (Q4) of 2015 over the previous quarter, marked by a four per cent drop in sales rates and lower volumes, a report said.  The sector is ex

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Dubai's First Central Aparthotel partners with mShoppee

First Central Hotel Apartments, located in the Tecom area in Dubai, has recently partnered with mShoppee, an online food and groceries shopping website, to enable the delivery service for Manino Deli Café and Restaurant. No

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Gulf Hotels in deal to build luxury apartments

Gulf Hotels Group (GHG) has announced the commencement of a new project, entailing a multi-million dinar investment. The Bahraini home-grown hotel operator said it has signed an agreement appointing Olympic Contracting as the main contractor o

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