While rents in Riyadh rose by seven per cent on average, lease rate for villas in Jeddah were up around four per cent, says new report.
The developer almost defaulted on its debts and agreed to a $16 billion restructuring in 2011.
China State Construction Engineering Corporation will make its first-ever Middle East investment in the Viceroy Dubai Palm Jumeirah project.
A joint venture between Mubadala and US-based Prudential Financial bought the residential project for an undisclosed sum.
The Dhs1 billion tower, located in Dubai Marina, is developed by Saudi’s Cayan Group.
One of the projects, a residential development in Business Bay, will be worth about Dhs500 million.
Emaar Properties and Meraas Holding plan construction of an 11 million square metres project.
Qatar Diar, the real estate arm of the Gulf state’s sovereign wealth fund, owns 45 per cent of Barwa.
A total of 1,283 buildings were completed in Abu Dhabi during the quarter, according to official data.
The Dubai contractor expects a series of recent contract wins to boost its 2013 earnings.
With several high profile property launches, how can Dubai avoid another real estate crash?
Emaar MGF Land has been accused of using overseas funds to buy agricultural land, which is not allowed.
The Abu Dhabi developer has sold three plots of land to help meet its creditor obligations, but is still facing a huge deficit in its debts to the Abu Dhabi courts.
Has Dubai learned its lesson from the property slump that saw prices drop almost 60 per cent five years ago?
The second tower of the Dubai real estate giant’s Burj Vista development will feature 20 storeys, housing one, two and three-bedroom apartments.
The Dubai-based developer appointed Hawary Marshad, who will replace Yawar Pasha as CFO.
A joint venture between Arabtec and Terna won a contract to build a 105-bed hospital in Riyadh.
The Dhs400 million tower includes 220 serviced living units in Dubai’s Burj area.
Arabtec had said in March that the fundraising was part of a five-year expansion plan.
Thousands of workers stayed away from work from Saturday to demand higher wages.
The twin-tower residential and commercial development will be built in Jeddah’s Corniche area.
Thousands of workers have been on strike since Saturday demanding higher pay.
The Dubai-based developer announces start of work on Princess Tower, a 26-storey furnished apartment complex in Baghdad.
The Kuwaiti group signed a contract in 2006 to build a resort in Tripoli, which was later cancelled.
The hotel is raising the syndicated loan to refinance existing debt and provide new funds.
DAMAC filed an international arbitration case against Egypt in 2011 over the conviction of its chairman and owner, Hussain Sajwani.
The Dubai-listed firm made a first quarter net profit of Dhs21.9 million ($5.96 million), lower than Dhs22.4 million it posted in the period last year.
The project will be within the developer’s Jumeirah Village Circle community. Work is expected to start immediately with an estimated completion date at the end of 2014.
An updated and frequently monitored rent calculator can allay fears of eviction and regulate rents in the market.
DAMAC to continue focus on key markets UAE, Saudi Arabia and Qatar.