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Seef Properties net surges 56pc to $15mBahrain-based Seef Properties yesterday posted a substantial net profit of BD5.96 million ($15.58 million) for the first nine months of the year, a 56 per cent rise on the BD3.82 million for the same period last year. The company& More… |
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Damac offers 24pc rental return guaranteeDubai-based Damac Properties, in its latest initiative aimed at boosting property sales, is offering a 24 per cent rental return guarantee on all units purchased within its Burjside Terrace serviced apartment development. The Burjside Terr More… |
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N Emirates property market 'remains stagnant'The apartment and villa rental rates remained broadly unchanged in the fourth quarter of 2011 with limited transaction activity set to continue, according to leading property consultancy Asteco. Asteco in its Q4 2011 report said the rates More… |
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Bahrain rents, sale prices continue to fallThe downward trend office rents as well as sales prices for both villas and apartments, experienced since the middle of 2008 in Bahrain has continued over the last six months, said a report. Overall, average asking prices for property fell More… |
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Seef Properties Q1 net profit hits $3.7 millionSeef Properties has posted a significant profit of BD1.38 million ($3.66 million) for the first quarter of the year and said it was focusing on attracting shoppers back to its malls. Total assets also showed an increase, reaching BD116 mil More… |
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$2.7m package for Seef Mall tenantsSeef Properties has announced a BD1 million ($2.7 million) relief package for tenants at Seef Mall in light of recent events which have impacted shopping activity across all shopping centres in Bahrain. The relief package is designed to pr More… |
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Bahrain's rental market strong despite downturnWith continued expatriate population growth the rental market in Bahrain has remained relatively strong, even given the effects of a prolonged economic downturn, said a report. Apartment rents have only fallen by an average six per cent ov More… |
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Qatar 'should act to ease office space oversupply'Qatar’s government should consider steps to ease an oversupply of office space in the capital causing rent levels to fall and vacancy rates to climb, as it could potentially impact confidence in the real estate sector, according to a new report. More… |
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Jordan realty market sees first quarterly growthImproved home financing and developers securing bank finance has allowed Jordan’s real estate market to record the first quarterly growth since the downturn in the economy, said a new report. The Jordan Report Q2 2010 from the region’s le More… |
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Sharjah, Ajman apartment rents down 8pcApartment rentals remained flat across the Northern Emirates in the second quarter of 2010, while prices in Sharjah and Ajman dropped by nearly 8 per cent as an increase in supply allowed tenants more choice, said an Asteco report. Th More… |
