Articles
JLL foresees ‘watershed year’ for Saudi property market
Implementation of new white land tax expected to spur development activity in affordable housing sector.
First Abu Dhabi Bank brand may not be region’s biggest says Brand Finance
An analysis of the First Abu Dhabi Bank brand’s strength would need to factor in 'how effective they are in drawing out the qualities which customers and the market' had placed in the incumbent brands.
Middle East airline brand values nosedive, but banks a source of greater wealth
Qatar Airways witnesses most significant decline in brand value, dropping by 38 per cent to almost $2.17 billion.
Jump in Dubai home sales a ‘false start’, says expert
Rising sales do not necessarily mean growth, the consultancy Phidar Advisory said.
Azizi awards Dh1.7bn worth of contracts to build apartment blocks at Meydan One
Company appoints KCC Engineering Construction & Maintenance and Actco General Contracting to build 35 low- to mid-rise apartment blocks.
Soft economic sentiment a drag on Abu Dhabi property sales
Investors cannot sell completed Abu Dhabi properties at a profit, so they are forced to rent them out on flexible terms, which pressures rents.
Groundbreaking for $10.7bn Sino-Oman Industrial City due next week
Ningxia China-Arab Wanfang, the company set up to develop the city, will start work on the project following the ceremony on April 19.
Abu Dhabi developer Bloom Properties starts leasing apartments at Al Bateen project
The units range from 90 square metres for a one-bedroom apartment to 265 sq m for a four-bed unit, and in rental cost from Dh80,000 to Dh230,000 per year.
Sharjah Holding launches third neighbourhood at Al Zahia
The company said that the Al Lilac neighbourhood will consist of 120 homes – town houses, three-bed courtyard villas and larger four- and five-bed villas.
Dubai’s commodities groups team up with RAKBank to allow investors to trade smaller quantities of gold
Deal will allow retail investors to buy smaller amounts of gold online through electronic contracts.
Investors wait and see after US air strikes on Syria
Analysts say the bombing of Syria creates short-term uncertainty for Middle East investors – but it is still ‘very early days’.
Drake & Scull looks to finalise Dh600m capital raise this month, says chief executive
The Dubai builder says it will have about Dh900m after the restructuring and the proceeds of its stake in the One Palm Jumeirah to plug its deficit and restart some projects.
Overdue Saudi project payment coming within months, says Drake & Scull chief
The Dubai-listed construction firm expects to resolve its dispute with Saudi Aramco over payment for its work on the King Abdullah Petroleum Studies and Research Centre over the next 12 months.
Delayed GCC payments discourage consultancy firms
The GCC consultancy market grew 6 per cent in 2016, which is a decline from the 15 per cent growth recorded in 2014.
Money spent in Dubai by overseas property investors declines 40%
The total amount of money invested in property by investors from outside the Arab region fell to Dh44 billion last year from Dh74.6bn in 2015.
