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Sunday, August 9, 2020

    Property

    Latest updates on property, launch of new projects, implementation of new technology along with growth and development of real estate business in GCC.

    Bahrain: RERA Dismisses Proposal Restricting Foreign Ownership

    A proposed law aimed at restricting foreign ownership of real estate in residential areas has been dismissed by the Real Estate Regulation Authority (RERA).RERA...

    Bahraini Man Approaches Court Over Neighbour’s Garage

    A Bahraini man resorted to court to solve a disagreement with his neighbour after the latter opened a garage in his house. According to...

    Bahrain: Ma’ameer Waterfront Development Project Reaches Final Stage

    “The Ma’ameer Waterfront Development project is in its final stages,” announced the Undersecretary of the Ministry of Municipal Affairs, Eng. Shaikh Mohammed bin Ahmed...

    Bahrain: Huge Fire in Hidd, Caution for Rainy Season

    The General Directorate of Civil Defense managed to put out and control a huge fire on a building’s rooftop in Hidd area. The Ministry...

    Dubai: New Law On Real Estate Regulatory Agency

    A new law has been issued by Dubai’s Ruler and UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum restructuring the...

    Bahrain: 28% Of Residential Property And 22% Of Offices Vacant

    An increasing number of residential developments are reducing the average monthly rent in Bahrain.According to a just-published report, the vacancy rate in Bahrain’s residential...

    Abu Dhabi: New Law Aims To Lower Construction Costs

    Aiming to reduce construction costs for landowners, the department of urban planning and municipalities(DPM) issued new legislation regulating the construction of private villas in...

    Abu Dhabi: Consumer Confidence Dips On Cost Of Living Worries

    Consumer confidence in the UAE declined slightly in the second quarter of 2019 compared to the previous quarter, according to new research by Yallacompare,...

    Abu Dhabi: Deflation Takes Hold As Housing Costs Fall

    Deflation is becoming entrenched in the United Arab Emirates’ capital.Consumer prices in oil-rich Abu Dhabi declined for a second consecutive month, falling 1.4% in...

    Dubai: Third Most Affordable City For Prime Residential Property

    Dubai ranks as the third most affordable major global city for purchasing prime residential property, according to the findings of a new survey by...
    bank account

    Bahrain: Expat Loses BD53,000 From His Bank Account

    An expat resident in the Kingdom was shocked after coming to know that BD53,000 has gone missing from his bank account.The victim of bank...
    world's first smart infrastructure

    KSA: Neom To Feature World’s First Smart Infrastructure

    Neom, a planned cross-border city in the Tabuk Province of northwestern Saudi Arabia, will be the first city in the world to feature a...

    UAE: Property Prices, Rents Continue To Drop In Abu Dhabi

    Prices and rents for apartments in Abu Dhabi declined on average between 4% to 11% during the first half of this year, according to...

    Dubai Frame Sets Record As World’s Largest Frame’

    The Dubai Frame was officially announced as the world’s ‘largest building in the shape of a frame’ by the Guinness World Records on Friday.The...

    Bahrain Plans To Build World’s Tallest Hotel Tower

    The Kingdom of Bahrain may soon build the tallest hotel tower in the world.According to the reports, a Saudi firm is planning to invest...

    Abu Dhabi: Expats Can Now Own Plots In Investment Zones

    The Abu Dhabi government’s move to change a real estate rule to allow expats to own freehold property in designated zones is a step in the...

    Cost Of Construction In Gulf Countries Set To Pick Up Soon

    The cost of construction in the Middle East is set to pick up in 2019 after a period of stagnation, according to new research.Global...

    “Don’t Buy Dubai Property Before Real Slump” – Mobius

    Prices and rents have already dropped by as much as a third in the past five years during what S&P Global Ratings has called...
    housing project

    Bahrain : Qalali Housing Walkway Project Reaches Its Final Stage

    Qalali Housing walkway Project has completed 80% of its construction works and the project is set to be complete by end of April, the...
    green riyadh

    Riyadh To Get World’s Biggest City Park

    Saudi Arabia marks the launch of an ambitious $23 billion project on March 19, Tuesday to create vast open green areas in its capital,...
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