Shareholders approve Aldar-Sorouh merger
Shareholders of Abu Dhabi's Aldar Properties and Sorouh Real Estate approved plans to merge, creating a real estate entity with...
Real Estate
Lebanon’s Solidere to spend $200 million on projects
Solidere (SOLA), Lebanon’s largest property developer, expects to spend as much as $200 million on real estate projects in the...
Saudi banks see good opportunity in home financing
Saudi Arabia's new mortgage law will transform home financing in Saudi Arabia to property-secured lending from the current practice of...
Housing crisis in Saudi Arabia if gap persists
Saudi Arabia might have a housing crisis by 2018 if the current gap between demand and supply continues, say economists....
Real estate in Qatar moving up
Qatar's huge infrastructure commitments herald a rebound in its real estate sector. As major projects get under way, market forces...
Dubai to build $1.6 billion entertainment and leisure island
Dubai is set to build a AD6 billion ($1.63 billion) retail, entertainment and residential project off the coast of the...
Damac invests $548 million in Dubai and Saudi Arabia
Damac Properties launched two self-funded mega-projects in Dubai and Saudi worth over Dh2 billion ($548 million) in Fendi-branded luxury apartments....
A square meter of land in Makkah now costs $533,000
Investors may have to pay a whopping SR 2 million ($533,000) for a square meter of land in the central...
52% of Saudis in Riyadh rent houses
The Population Statistic Center at King Saud University (KAU) in Riyadh recently published a study that shows that 52% of...
Dubai property prices surge 30% on sound fundamentals
Property prices in Dubai’s prime locations jumped by up to 30 per cent last year on the Emirate’s sound economic...
The resource of credible, industry-specific updates