Friday, November 22, 2019

Property

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

Kuwait: Flats Vacant as Expats Leave; Rent Values Fall by 13%

There are currently 49,130 empty flats in Kuwait and 26,466 others under construction; thus more than 75,000 units need to be “absorbed” by the...

Bahrain To Develop Kingdom’s ‘Tallest’ Residential Tower

Bahrain's Kooheji Golden Gate has joined hands with two India-based real estate companies - Ajmera Realty and Mayfair Housing - to develop the kingdom's...

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...

Saudi: Tenants to face travel ban for nonpayment of rent

About 18,700 cases have been filed against tenants who failed to pay rents of houses or business buildings in the past eight months with...

Abu Dhabi property prices drop up to 16%

The price of property in Abu Dhabi has fallen by between 4 and 16% depending on area in the first two quarters of this...

Why Dubai brokers can’t sign rent contracts anymore

If you are a real estate broker handling an overseas landlord's property portfolio in Dubai using a power of attorney (POA), you may be...

Saudi real estate market hit hard by mass departure of expats

The exodus of expatriate workers from Saudi Arabia has negatively affected the country’s real estate sector with a considerable fall in rent prices.Many property...

Bahrain: Long-Awaited Expo City Project In Sakhir

The long-awaited start to the new Convention and Exhibition Centre Expo City project in Sakhir is underway, with a groundbreaking ceremony planned in the...

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: Proposed new bill seeks to disadvantage Expat investors

In a proposal aimed to apply different rules and advantages to different investors based on their nationalities, a new parliamentary proposal states that non-Bahrainis...
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