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Emaar Misr sets IPO price at 3.8 Egyptian pounds per share

Emaar Misr is floating 12.99 per cent of the company, amounting to 600 million shares

Dubai developer Damac opens ladies only sales office

Named Morjana, the office will have 25 female staff and will be open seven days a week

Limitless awards Dhs 285m deal for downtown Jebel Ali project

The deal was awarded to UAE-based Arco General Contracting for carrying out community infrastructure work on the project

Nakheel makes Dhs220m sukuk profit payment

The profit payment will be made to all sukuk holders on June 15, 2015 against the sukuk issued amount of Dhs4.4 billion

Abu Dhabi ruler issues law to regulate property market

According to the decree, all real estate developments must be registered with the government along with sales transactions listing the buyer.

Damac awards contracts worth Dhs 2.8bn in five months

Awards include the main works packages of some of Damac’s residential units in Akoya project and its hotel apartment projects

Sheikh Mohammed approves housing projects worth Dhs 3.6bn

The projects are part of Mohammed bin Rashid housing establishment and will be built for local families

Dubai’s IMG awards construction contract for City of Arabia project

The deal to construct the Avenue 353 villa project has been awarded to McFadden International Construction Group.

Emaar Properties trims Egypt listing price, sees up to $334m float

The flotation will involve 600 million shares, equivalent to 12.99 per cent of the company, offered at a price between 3.5 pounds and 4.25 pounds.

Dubai Emaar Properties beachfront project to cost $2.7 bn

The project will have 4,000 residential units, 300 hotel rooms, and 250,000 square metres of retail outlets.

Qatar land price surge threatens property profitability

Prices have surged to levels that may make even high-margin luxury developments unprofitable to build, experts say.

Real estate ranked as favoured asset class by UAE investors – survey

Stocks and precious metals were the other favoured asset classes among UAE investors, a Franklin Templeton survey found.

Phase 1 of Meydan Sobha’s District One project on track for 2016 completion

The developer said it has recorded strong investor interest in the project and has sold out all villas in the first phase.

Qatar’s UDC to focus on finishing 60-tower Pearl development

About 90 per cent of the available properties on the Pearl have been bought or leased.

Saudi’s Emaar Economic City says expects tenant inflow to accelerate

The developer expects to attract about 50 new companies to establish operations this year, versus 35 last year, and thinks it will sell around 2,500 residential units in 2015.

Dubai property rents drop, unlikely to rise sharply in the short-term – report

Average rents across the emirate are down 1.5 per cent compared to the same time last year, says Cluttons’ latest report.

Dubai house prices to fall further this year – Cluttons

Home values slipped 0.8 per cent in the first quarter, leaving average prices 0.5 per cent lower than a year earlier and 19.4 per cent below the 2008 peak, a new report says.

Dubai’s Emaar announces intention to float Egypt unit on Cairo bourse

Emaar said it would use some of share sale proceeds to fund new developments in Egypt and grow its land bank in the country.

Five luxury homes you can buy for $1m

Property site Lamudi lists five properties in emerging markets around the world that have a price tag of around $1 million.

MAG 5 JV launches new affordable residential tower in DWC

The project, valued at Dhs700 million, will comprise of 1,000 residential units and will be ready for handover by 2018.

Dubai Properties says Arabella Townhouses sell out on launch day

The developer has now launched additional units for sale within the project, which is located in its Mudon community in Dubailand.

Abu Dhabi’s Aldar Q1 Net Profit Rises 36%

The state-linked builder made a profit of Dhs618 million in the three months to March 31.

Dubai Properties Launches Arabella Townhouses In Mudon Project

Sales of the three and four bedroom townhouses will begin on May 16.

Sales At Kingdom Tower, Set To Be World’s New Tallest Building, To Start In 2015

Once completed in 2018, the $1.2 billion Kingdom Tower will be over one kilometre high.

Abu Dhabi’s Aldar Launches Plots For Sale At Nareel Island

The Nareel development, designed for Emiratis, consists of two islands comprising 148 villa plots.

Abu Dhabi’s Property Market: Stable And Slowing

The emirate’s real estate is expected to stabilise this year, but the negative impact of lower oil prices could be felt in the longer term.

Dubai Falls In Global Luxury Property Price Rankings As Market Cools

Prime house prices in Dubai fell 1.1 per cent year-on-year in Q1 2015 while showing a 1.9 per quarter-on-quarter decline.

Damac To Launch Mixed-Use Luxury Strip Vista Lux In Akoya

The project will house more than 2,000 hotel apartments and residences.

Dubai’s Emaar Properties Q1 Net Profit Rises 7%

The developer made a net profit of Dhs1.03 billion ($280.4 million) in the first quarter of 2015.

Dubai’s RTA Awards Dhs475m Contract For Mega Bluewaters Island Project

The contract has been awarded to build the bridges linking the project to the mainland.