Friday, April 26, 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.

Saudi expat levy weighs on property market

The oil-dependent Saudi economy has ground to a near standstill since crude prices collapsed in 2014. Little wonder that gloom in the property sector has...

Dubai stocks fall to 27-month low on real estate fears

Dubai stocks hit a 27-month low on the back of sharp falls in the real estate market and a drop in liquidity. The Dubai bourse,...

Villa built for a Dubai royal includes a nightclub

Location: Dubai, UAEPrice: AED $200 million (US$54.5 million)The ultimate Sheikh’s party pad, this 11-bedroom villa was built for and once owned by a member of the Dubai...

Dubai prepares for world’s first fully rotating Skyscraper

As hotels continue to find new and innovate amenities to add to guest rooms, there has long been some common and indisputable truths. There...

Dubai beachside property owners banned from their own beach

Shoreline developer Nakheel remained unmoved in a legal wrangle that has resulted in a ban on hundreds of residents using the beach outside their...

Dubai real estate brokers earned $223m in H1

Dubai Land Department (DLD) has announced that over Dh820 million ($223 million) worth of brokerage commissions was made in Dubai’s real estate market between...

Oman: third most affordable place to buy a house in the...

Oman has emerged as the third most affordable place to buy a home in the world, according to a new report released by Assured...

Six Arabs held in the UAE for Dh560,000 house fraud

A gang has been arrested for allegedly taking Dh560,000 from Abu Dhabi residents in a real estate scam. The Abu Dhabi Police said on Saturday that they...
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