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Dubai’s Jumeirah Golf Estates says phase one of Redwood Park sold out

Construction of the development’s first phase is 70 per cent complete

Dubai’s Damac awards 25 contracts worth Dhs 3bn in Q1 2016

The developer said it has awarded contracts for its Akoya Oxygen and Akoya by Damac projects

Brexit: How will it affect GCC property investors?

London’s residential property market is now cheaper for investors from the Middle East

Saudi land tax could see prices drop by 40%

A 2.5 per cent tax on unused land was approved earlier this month

GFH Financial Group confirms creation of real estate unit

The bourse statement followed comments from the company’s chief executive on Monday

Jumeirah Golf Estates appoints contractor for Alandalus project

Construction on the project is slated to begin in June 2016

Handover begins of delayed Dhs 7bn Living Legends project in Dubai

The Saudi-based developer has started handing over the first phase to investors

Dubai wins bid to host World Real Estate Congress in 2018

The event is expected to attract over 1000 industry professionals

Saudi cabinet approves regulations for ‘white land’ tax

Proposals aimed at reducing housing shortage in urban areas

Aldar says phase one of Yas Acres sold out for Dhs 1bn

Second phase of the Dhs 6bn project to go on sale on June 18

Saudi cabinet approves land tax, foreign investment rules

Foreign investors will be able to own 100 per cent of retail and wholesale businesses

Dubai’s Meydan raises Dhs 1bn Islamic financing

The money will help strengthen Meydan’s capital structure and support new projects

Emaar requests Dhs 1m for apartment booking in Dubai’s Opera District

Prices at the 77-storey tower range from Dhs 2,800 to Dhs per square foot

Oman’s National Gas Company terminates CEO

Oman mulls opening housing market to expats

Expats can currently only buy property in the sultanate’s integrated tourist complexes

Saudi Arabia seeks partners to build 1.5 million homes

Saudi government offers property developers partnership deals to address a shortage of affordable housing

Dubai property plateau suggests end to down cycle

The monthly ValuStrat Price Index indicates the ‘bottoming-out’ of Dubai residential prices

Dubai Creek tower to be 100m taller than Burj Khalifa

Project developer Emaar previously said the tower would be a ‘notch taller’ than the Burj

Dubai Properties says first phase launch of Bellevue Towers sold out

The developer released 100 out of the total 300 units for sale

Gulf investors hold back on UK property deals

The country’s looming Brexit vote means many are taking a wait and see approach

Majid Al Futtaim announces $8bn UAE expansion

The company plans to add malls, hotels, cinemas, restaurants, Carrefour hypermarkets and leisure destinations in the country in the coming years

Abu Dhabi’s Aldar says 75% of its Mayan project sold out

The first phase of the golf and waterfront development includes 512 units

Dubai Properties launches two-tower project

Bellevue Towers will offer 300 residential units along with retail outlets in the ground floor

Former CEO of Dubai’s Deyaar sentenced for theft and fraud

The American businessman was arrested in 2008 during an investigation into financial irregularities

Dubai developer Myra launches Dhs 150m project in JVC

Crystal Residence will feature 225 luxury apartments

Dubai’s Mall of the World project progressing on schedule – official

The mega development is currently in the detailed design stage

Water homes part of Dhs 1bn mega project launched in Dubai

The project, called Marasi Business Bay, will be developed by Dubai Properties

Dubai’s Limitless to make early debt repayment of Dhs 2.07bn

The amount will be paid to banks and trade creditors this month

No drop in Dubai property prices in April

The monthly ValuStrat Price Index did not decline for the first time in almost two years

Has the UAE property market bottomed out?

Property site says it has seen increasing buyer interest since the start of the year

Abu Dhabi’s Aldar Properties Q1 net profit up 14.1%

The firm has reported higher profits in nine of the preceding 10 quarters