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Dubai Design District

Dubai Design District to organise architecture festival in November

The d3 Architecture Festival will be held from November 11-13

UAE developer Azizi Developments announces Dhs3.5bn investment

The developer will construct 45 buildings comprising over 11,000 homes across MBR City, Dubai Healthcare City and Al Furjan over the next 2-3 years

Arada Aljada Sharjah

Arada awards Dhs423m construction contract for phase two of Aljada development in Sharjah

The East Village contract includes the construction of 16 apartment blocks with the project set to be completed by 2021

Covid-19 impact: Is this the right time to invest in Dubai property?

The housing market in Dubai remains a top choice among investors even at times of crisis

Developer Emaar inaugurates Address Marassi Golf Resort in Egypt

The resort is located in the Sidi Abdelrahman bay

Dubai’s Emaar removes all job titles, with Alabbar also dropping his title of chairman

Alabbar said new business cards issued to employees will simply state their name with the department

Oman’s tourism arm ends deal with Damac for waterfront project

Damac International is a joint venture between Damac and DICO Group

Saudi Arabia’s Fannie Mae buys up $800m of mortgages

The refinancing company was established to buy home loans from banks and other finance companies, freeing up the lenders to book more mortgages

Property prices in Dubai ease out in H1 2020

According to the Dubai Land Department, 15,897 sales transactions were recorded in Dubai between January to June 2020

Majid Al Futtaim’s Elan commences construction phase

The construction begins following the sale of 594 total units in phases one and two of Elan, totaling sales value of Dhs900m

Dubai’s Nomad Homes raises $4m in seeding funding

The company is building a managed marketplace for users to search, transact, and finance residential real estate

Dubai buildings

Sheikh Mohammed establishes new committee to ease issuing building permits in Dubai

The committee will list, analyse, revise and develop procedures for providing services related to the issuance of building permits

Dubai Land Department

Land Department launches ‘Invest in Dubai’ virtual platform to connect stakeholders

The virtual platform features stakeholders including developers, investors and brokers

TOPSHOT - A worker wearing a hard hat walks past a mural in Dubai on June 3, 2020. - Shopping malls in Dubai will fully reopen for business on June 3, in the latest easing of COVID-19 coronavirus restrictions, the emirate's media office announced. The step makes the glitzy city-state the first in the Middle East to drop nearly all restrictions to combat the spread of the novel coronavirus that hit retailers and leisure activities. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Messages from executives: How are regional offices reopening amid Covid-19 concerns?

With regional businesses now allowed to return back to offices, how are they handling the transition?

Dubai

Dubai Developments Group offers tenants rent relief of upto six months

The package is valued at Dhs200m and expected to benefit over 1,500 businesses

Shuaa sees opportunities in Saudi Arabia’s property market

Saudi Arabia’s economy is being battered by a slump in crude prices and from lockdown measures to prevent the spread of Covid-19

New mega urban development project, Masar, launched in Saudi’s Makkah

The project will see the addition of “tens of thousands” of hotel and residential units in Makkah in later phases

Dubai builder ASGC group cuts 15% of its workforce

Almost 2,300 employees, including engineers and project managers, were dismissed this month

Abu Dhabi’s Mubadala weighs selling property assets to Aldar

Mubadala may also dispose of some residential buildings in the United Arab Emirates’ capital

Amlak International announces intent to list on Saudi bourse

The offering will comprise of 27,180,000 ordinary shares

Dubai developer Nakheel reports villa sales worth Dhs223m

Ready-to-occupy, family villas at Nad Al Sheba are particularly in demand

Covid-19 impact on the GCC’s real estate sector: Are there any housing concerns?

How can real estate developers in the GCC adapt to the upheaval that the coronavirus has caused across the region?

Meraas to become part of conglomerate Dubai Holding

The combined conglomerate will operate across real estate, tourism, hospitality, leisure and entertainment and investments

EMPG and OLX Group merge MENA and South Asia operations to form $1bn Dubai-based tech company

With this merger, OLX has become EMPG’s largest single shareholder with 39 per cent of shares

Covid-19 impact on the UAE property sector: When will consumer confidence return?

In a post Covid-19 world, the property sector needs to adapt and re-align to meet customer demands and mitigate the long-term effects of the pandemic

Union Properties’ subsidiary begins legal proceedings to claim Dhs1.5bn

The claim is related to a project completed around a decade ago

Saudi suspends two mortgage-support programmes amid crisis

An interest-free loan programme for military personnel which covers 20 per cent of a property will be suspended from May 31

UAE’s ENBD REIT announces rent relief measures to aid tenants

ENBD REIT would require tenants to provide requisite documents for it to extend adequate rental relief

Abu Dhabi’s Mubadala announces rent deferment for ADGM tenants

This initiative is part of Mubadala’s ‘We Are Dedicated’ campaign, and aims to support commercial tenants

UAE’s Danube Group donates Dhs1m worth of food kits amid virus concerns

Distribution will take place from their warehouse facilities in Dubai, Abu Dhabi, Sharjah, Ajman and Ras Al Khaimah