The deal is part of Barwa’s plan to explore potential real estate investment opportunities in the kingdom
The developer made a net profit of Dhs 1.27bn in the three months to June 30
Net profit for the first six months of 2016 was up 4 per cent
Dubai’s average residential real estate price plunged 11 per cent in 2015
When ready, The Tower at Dubai Creek Harbour will be 100 metres taller than the Burj Khalifa
The first building of the two-tower Business Bay development was launched in June
Average prime sale prices were down 5 per cent in the second quarter
Saudi’s Shoura Council said the decision was aimed at preventing harm against the holy cities and preserving local investment
Emirati and Indian investors led the market, according to DLD
Regional security and political issues such as Europe usher in wave of uncertainty, report finds
Real estate experts suggest prices need to decline for sales activity to pick up
The Gulf state’s real estate market is not anticipated to see an immediate impact, says Cluttons
The new project will have units priced from around Dhs 1,000 per sq ft onwards
Work on both developments commenced on July 14 and is expected to take 16 months
Cluttons said demand was growing in areas linked to the new airport and Expo 2020 site
Real estate transactions totalled Dhs 113bn, according to the Dubai Land Department
The devaluation of the British pound may weigh on rental values in Dubai, according to JLL
The majority of the awards relate to the master development’s planned residential district
Most residents claimed affordability was the main concern with buying a property
The 147 residences form part of a new mid-rise residential tower within Dubai Hills Estate
ValuStrat said there were signs of an early recovery in some areas
Project featuring seven pearl-shaped buildings is still seeking funding
The Beach at Navitas Hotel & Residences will offer apartments with access to artificial sandy beaches
The new development will be part of Kleindienst’s The Heart of Europe project
A recent study by real estate advisor PropTiger revealed that luxury residential property sales rose to 29 per cent in the first half of this year
Abdulla Bin Lahej, the former CEO of Emaar Properties, will replace Abdullatif AlMulla
AlMulla joined Dubai Properties Group in August 2015
However, the Dubai developers say his claims are “misleading”
JLL report awards city ‘semi transparent’ status and the most in the Middle East
The kingdom is seeking partners to build 1.5 million homes in the coming years