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Saturday, July 4, 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.

    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...

    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...

    Fitch predicts price falls in Dubai property market

    In a departure from recent forecasts on Dubai residential property, the rating agency Fitch reckons that it will be the mid-market and lower properties...

    Dubai landlords offer “free rent” to entice buyers

    With fewer jobs, there are fewer people with money to pay for rent. Compounding the decline in demand is the increase in supply of...

    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,...

    Dubai Residential Prices To Decline Further In 2019

    There is potential for residential real estate prices in Dubai to decline by another 5-10% this year before the market hits the bottom, said...

    Saudi: World’s tallest building takes shape – $2 billion Jeddah Tower

    The 170-storey building is set to surpass Dubai's Burj Khalifa as the world's highest building and will feature a hotel, apartments and offices, as well...

    Dubai: Property suffers biggest price drops in 4 years

    Chestertons MENA said sales prices for apartments and villas fell 5 percent quarter-on-quarter in Q1, denoting the highest quarterly drop in sales prices since...

    Bahrain developers face legal action if they don’t have new licence

    Real Estate Regulatory Authority (RERA), Bahrain’s property watchdog, has warned that the country’s developers must ‘regularise’ their activities since 1st September or face ‘strict action’.In...

    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...
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