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Nearly 50% residents in the region intend to move houses in next 12 months due to pandemic

Apartments are the most widely adopted form of accommodation in the region

Dubai’s ICD Brookfield Place receives first set of tenants

Tenants include the likes of Julius Baer, Natixis, Latham & Watkins, and Akin Gump, among others

Majid Al Futtaim Elan Tilal Al Ghaf

Phase III of Majid Al Futtaim’s Elan neighbourhood in Dubai sells out in 48 hours

Construction on the Elan neighbourhood began in July this year

Rizwan Sajan

Exclusive: Dubai’s Danube chairman on why the UAE will see a V-shaped recovery from the Covid crisis

The UAE is poised for a rapid rebound from the Covid-19 pandemic, mainly led by tourism, opines Danube Group’s Rizwan Sajan

Emaar Malls appoints Rajiv Suri as new CEO

Former Emaar Malls CEO Patrick Bousquet-Chavanne stepped down in 2019

Dubai

Dubai Land Department introduces AI into real estate valuation process

The valuation will be provided via DLD’s app called Dubai REST

Dubai’s Emaar Properties posts 35% drop in net profit for H1 2020

It recorded Dhs9.032bn in revenues for H1 2020

Dubai property market expected to pick up in H2 – Land Department chief

In June, real estate sales transactions grew by 64 per cent compared to May

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?