GCC nationals may be banned from owning residential property in Bahrain due to limited spaces available for Bahrainis. A group of MPs, led by Shaikh Majid Al Majed, is working on new legislation that would stop GCC nationals from getting their
UAE-based Danube Properties said it has achieved a major milestone by selling out 85 per cent of the units at its recently-launched Ritz by Danube project due to a game-changing affordable product and customer-centric payment plan.
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
As GCC markets are forecasted to face prolonged economic challenges over the coming months, Bahrain looks set to be cushioned from the blow by continued infrastructure investment from the GCC aid fund, said a report.
The residential market in Saudi Arabia continued to witness growth in the rental sector, while the sales market experienced a slowdown, attributable to the stricter mortgage regulations and lack of affordability, said a report.
The rental rates in the residential sector across the Northern Emirates remained relatively stable in the third quarter, but the office sector recorded minimal changes for the period, according to leading consultancy PKF.
Bahrain’s residential property sector continued to show signs of market stability during the third quarter of 2015 with insignificant quarter-on-quarter changes in key performance indicators, said a report.
Despite the incre
The residential sector in Qatar continued to show signs of buoyancy during the third quarter of 2015 despite the falling oil prices, on the back of rapid population growth, increased activity across the non-hydrocarbons sector and a construction
The delayed handover of about 6,000 homes in Dubai, UAE, has helped rents remain flat so far in 2015 though residential sales prices have fallen more than 10 per cent, according to a report by industry consultants CBRE.
Luxury developer Damac Properties said its 94-level tower ‘Damac Heights’ in Dubai Marina area has been topped out. On completion next year, it will be the seventh tallest residential tower in the UAE.