$400 million hotel sold in Makkah
Al-Tayyar Travel Group Holding Company has purchased a five-star hotel just 70 meters away from the Grand Mosque in Makkah...
Real Estate
Damac tops out two towers in heart of Riyadh
Dubai-based developer Damac says two tower projects in the heart of the Saudi capital of Riyadh have topped out –...
Qatar to spend $12.5 billion on housing until 2022
An astronomical $12.5 billion (QR45.52 billion) is to be spent to create adequate housing stocks in Qatar to cater to...
Abu Dhabi’s economy maintains solid pace of growth
Despite a sharp downturn in oil prices in the latter part of the year, Abu Dhabi’s economy maintained its solid...
Qatar soon to have the biggest indoor entertainment center in the region
Qatar will soon have the “biggest indoor entertainment center in the region.” A 5,000sqm family entertainment center, Megapolis, is set...
Saudis spent $21 billion on housing leases in 2014
Saudi Arabian families had spent around SR81 billion ($21.5 billion) on housing leases, about 12.5 per cent of a family’s...
Dubai Year in Review 2014
Strong fundamentals and a diversified economy are keeping concerns at bay in Dubai, despite a potential cooling of investor sentiment...
Dubai property market to mature further in 2015
Dubai's property sector will continue to emerge as a more mature market in 2015, with the real demand now coming...
Qatar opens Banana Island Resort Doha
The Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani opened the Banana Island...
High demand for homes in Saudi Arabia
House prices in Saudi Arabia are expected to rise further on the back of high demand for homes and a...
The resource of credible, industry-specific updates