Wednesday, November 21, 2018

Property

Over 7,000 Pakistanis illegally purchased properties worth RS1.1 trillion in Dubai

For the first time, it has been disclosed that Pakistanis have bought properties worth an estimated Rs1.1 trillion in the heart of Dubai in...

MENA hotel investment is booming!

The Middle East hotel investment market has been expanding rapidly with no signs of slowing down. As of August, the Middle East construction pipeline totaled...

Saudi’s anti-corruption drive is hurting Dubai

In a surprise move on Saturday, at least 49 Saudi princes, businessmen and officials were rounded up and accused of corruption. Some of the biggest...

A primer on Dubai rental index calculations

With key locations in Dubai recording rental declines through the year, it will be up to the city’s Rental Index to mirror the changes...

How Dubai’s prime property prices compare to cities worldwide

Average cost of a prime apartment in Dubai is $8,400 per square metre.1. Monaco is the world's priciest place to buy a prime...

World’s future tallest building will eclipse Burj Khalifa

It looks like any other tower project rising from the sand across the Middle East. But the construction work at Jeddah Tower in Saudi Arabia...

UAE firm to build affordable homes in Bahrain

UAE-based Nshmi International has signed a 50:50 joint venture agreement with a local private investment company to develop Bahrain’s first integrated community that focuses...

Where are rents dropping fastest in Dubai?

The Q3 Dubai Real Estate Report from real estate consultancy Asteco showed that Dubai Marina posted the highest decline in rental rates at 19...

Dubai in line to absorb nearly 15,000 apartments this year

Dubai’s residential market could close the year with just under 15,000 apartments being handed over, compared to 8,750 last year. Much of the handovers...

Saudi royal seeks $85 million for Beverly Hills compound

A second-generation member of Saudi Arabia’s ruling family is seeking a buyer for his 6.7-acre compound in Beverly Hills, the Wall Street Journal reported....
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