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Cayan Group Reveals Property Projects Worth Dhs3.1bn In Dubai, Saudi

The company’s latest portfolio of projects includes residential properties in Riyadh and Dubai and a commercial tower in Riyadh.

Dubai Q1 Property Prices Drop Slightly Q-On-Q, Rents Stay Flat – JLL

Apartment and villa prices in Dubai fell marginally in the first quarter compared to Q4 2014, the report found.

Rules Needed On Yacht Gimmicks In Dubai Property Market – Alabbar

Mohamed Alabbar said there needed to be additional controls on local property companies when it came to attracting foreign investors.

Abu Dhabi’s Aldar Starts Construction On Ansam Project In Yas Island

The project is currently the only residential development on Yas Island that is available for sale to expatriates.

Mohamed Alabbar to acquire stake in YNAP from Richemont

Mohamed Alabbar: Other Board Roles Not Affecting Emaar

The Emaar chairman has refuted allegations that his role on the board of other property companies is causing a conflict of interest.

Dubai’s Nshama Awards Town Square Service Contract To Binladin Group

Saudi-based Binladin is the first company to win a contract for the mega 31 million sq ft Town Square development in Dubai.

GGICO Launches New Apartment Complex In Silicon Oasis

The first phase of the project will consist of 240 one bedroom apartments with prices starting at Dhs536,892.

Dubai Rent Growth Slows To 3% In Q1 2015

Apartment rates in Dubai saw a drop or gain between one and three per cent, while villa rates were largely unchanged.

Dubai’s Ruler Endorses Dhs14bn Nakheel Projects

The projects include a 12 million sq ft mixed used development in Deira Islands that will feature a massive mall with a glass dome.

Emaar’s Egypt Unit Signals Chairman Role Change Ahead Of Float

There has been increased speculation that Mohamed Alabbar may leave Emaar due to his other commitments in the real estate sector.

Nshama Launches Apartments For Less Than Dhs350,000 In Town Square

The developer has launched 306 apartments including a mix of studio, one, two and three bedroom units in the initial phase.

Dubai Developer Damac Considers London Tower Investment

The project in central London comprises 450 residential units as well as Grade A offices and retail space.

Arabtec Profit On Egypt Project Won’t Exceed 7.5%

The company agreed terms last week with Egypt for the first phase of a $36.7 billion plan to construct one million homes across the country.

Potential Loopholes Could Limit Impact Of Saudi Land Tax

One area of uncertainty is the minimum size of land to be taxed, and whether the tax will apply only to completely undeveloped land.

Mohamed Alabbar to acquire stake in YNAP from Richemont

Emaar Chairman’s Outside Deals Stir Investor Unrest

Speculation persists that Mohamed Alabbar and Emaar could soon part ways despite a categorical denial from the firm last month.

Arabtec, Egypt Agree Terms On First Phase Of One Million Homes Project

The first phase will consist of 100,000 units to be built in Egypt’s El Obour and Badr districts.

Emaar Launches Dubai Mall-Linked Apartments In Downtown

Downtown Views will have 418 residences and will feature one, two and three-bedroom apartments as well as a collection of duplexes.

Carrefour Signs Up As First Retailer For Upcoming Legends Mall In Dubailand

The 300,000 sqft mall, located within the Living Legends development, is set for completion by the end of 2016.

Dubai Ranked Second Globally For Prime Rent Growth In 2014

The emirate recorded rental growth of 8.1 per cent last year, found Knight Frank’s global index.

Dubai Developer Al Barari Launches Luxury Villa Project, The Nest

The residential project will feature 99 four-bedroom villas priced from Dhs7.7 million onwards.

Hunger Games-Inspired Zone To Open In Dubai Parks And Resorts Project

The new zone will feature theme park attractions inspired by Lionsgate’s blockbuster motion picture franchises The Hunger Games franchise and Step Up.

Dubai Developer Damac Says Sales Boosted By Foreign Buyers

Ziad El Chaar said the momentum in the property market was being driven by foreign buyers, both those living in Dubai and abroad.

Dubai Property Prices Fell Slightly In Jan, Feb 2015 – Report

Property transactions slowed by 20 per cent year-on-year in January and 17 per cent in February, said the report.

Saudi’s Dar Al Arkan Says Land Tax Unlikely To Hurt Business

Dar Al Arkan chairman Yousef al-Shelash said that he did not expect the tax to be applied to this land, since the company was in the process of developing it.

Saudi Real Estate Shares Tumble On Decision To Tax Undeveloped Land

The cabinet’s decision aims to push out more land out into the market where it can be developed.

Saudi Cabinet Targets Housing Gap With Tax On Undeveloped Land

Much urban land in the kingdom is owned by wealthy individuals or companies who prefer holding it as a store of value, or trading it for speculative profits.

Aldar Sells 281 Land Plots In Abu Dhabi’s Khalifa City

The company generated around Dhs600 million in revenues from the sale of land plots.

Dubai’s Arabtec Seeks To Sell Four Saudi Units, Eyes Kingdom Expansion

Arabtec’s board has approved disposing of Arabtec Saudi Arabia, Arabtec Construction Machinery, Saudi Austrian Arabian Ready Mix Co and EFECO Saudi.

Dubai Investments Forms JV To Develop Projects In Saudi

The joint venture firm’s first project in Saudi Arabia will be an 11 million square metres project called Riyadh Investment Park.

Emaar Foundation, Awqaf Launch Dhs25m Residential Project

Rental returns from the eight-storey tower in Al Warqa will be allocated to the Al Noor centre in Dubai.