Seef Properties, a leading integrated development company in Bahrain, has launched a new unit Lama Real Estate to develop a mixed-use project worth BD40 million ($105 million) in the Hamala region of the kingdom, said a report.
The pressure is mounting on landlords across Dubai as budget-conscious tenants continue to place emphasis on downgrading to smaller units or relocating to cheaper communities to get better value for money, said a report.
Global property developer Emaar Properties hsa recorded 19 per cent growth in net profit to Dh3.620 billion ($986 million) during the first nine months of 2016 compared to Dh3.048 billion ($830 million) during the same period in 2015.
Dubai Properties (DP) has announced the sale of additional two- and three-bedroom townhouses at its master development at Dubailand, following the recent success of the first release of townhouses Casa Dora at Serena earlier this year.
Dubai is set to complete the appraisal for its new “star rating system” - which will be applicable to all buildings completed before 2010 - by the end of next year, said a report.
The rating system is set to play a key
Sedco Capital, a leading Saudi licensed asset manager, said it has acquired seven quality properties across the kingdom on behalf of its second real estate income fund for SR473 million ($126 million) over the past 19 months.
Middle East outbound capital flows into global commercial real estate reached $10 billion in the first half of 2016, with international market destinations becoming more diverse, according to a report.
Investors from the Middle Ea
Global hospitality management company Swiss-Belhotel International has signed agreements to manage two more Egyptian properties as it continues to grow its portfolio and presence in the Middle East.
The move follows the company&rs
UAE-based Deyaar Development, one of Dubai’s largest property developers, showcased an off-plan portfolio of properties in its ambitious 5-million-sq-ft development Dubai Midtown at a property roadshow held in the Indian city of Mumbai.
Emaar Properties, a leading Dubai-based global property developer and builder of the world’s tallest building, Burj Khalifa, is unveiling its ambitious 'The Opera District' - Dubai’s answer to the Sydney Opera House - at a sp