Mumbai tops the list, followed closely by Bangalore, finds new survey.
Jadwa plans to partner with real estate developers in Saudi to select and execute projects on behalf of clients.
The agreement ends a four-year legal row between Nakheel and IFA Hotels And Resorts, which prevented retailers from occupying spaces they paid for on the Palm Jumeirah’s retail strip.
The Christie’s name will soon be facilitating the sale of more than just art and watches in the UAE.
Aldar made a profit of Dhs584 million ($159 million) in the third quarter of 2014, compared with Dhs413 million in the corresponding period in 2013.
The property firm said that it will focus on countries such as Saudi Arabia while avoiding conflict-prone states such as Egypt and Syria.
The majority of UAE residents (84 per cent) surveyed said that their rents increased at some point in 2014, according to price comparison website MoveSouq.com.
Drydocks World will offer offshore marine and operational management solutions for the upcoming island.
The levelling-off in the market is however prompting investors to explore other asset classes, said the JLL survey.
The 382-metre high tower comprises 474 residential units and is the main feature of the World Trade Center Abu Dhabi project.
Almost 50 per cent of the households in Dubai earn between Dhs9,000 to Dhs15,000 per month and can only afford rents ranging from Dhs32,500 to Dhs54,000 per annum, a new study says.
The 1.9 km Night Souq, coming up on the south island, will be within walking distance of hotels, residences and the Deira Islands Mall.
The rents across Sharjah rose two per cent quarter-on-quarter during the third quarter, a new report says.
Revenue for the quarter was Dhs1.98 billion, down from Dhs2.35 billion a year ago.
Platinum Residences, in Dubai Silicon Oasis, will comprise of two towers, featuring 200 apartments and will be completed by April 2015.
The company made a net profit of SAR89.9 million ($24.0 million) in the three months to Sept. 30.
The International Monetary Fund also said on Monday that rises in Dubai property prices had moderated, and were now less of a concern.
The mega development, spread across six million sq metres, will include residences, integrated transportation systems, and green open parks.
A senior IMF official said that risks in Dubai’s real estate market seems to have decreased partly due to the measures taken by the government in limiting speculative buying.
The Gate and Arc Towers development located in Shams Abu Dhabi are made up of 3533 units, of which Aldar retained over 1300 units as part of their recurring-income portfolio.
Part of the Emaar Square integrated community, it marks the first full fledged hotel and residence project of The Address Hotels and Resorts brand in the international market.
Manazel Real Estate has launched 860 two and three-bedroom villas in the new Al Reef development.
eyaar, one of the companies worst hit by Dubai’s property market collapse in 2009-2010, made a quarterly profit of Dhs78.5 million.
Saudi Arabia’s largest listed developer plans to spend over SAR1 billion on projects in 2015.
The company’s new projects will mostly target mid-income buyers and tenants, CFO Greg Fewer said.
Christie’s will not be taking an equity stake in the new affiliate but will provide marketing and PR support.
While average rents dropped in Q3 compared to Q2, rental rates recorded double digit increases on a year-on-year basis.
The project will be spread across a total area of 25 million square feet and will be located along Emirates Road.
In March, Arabtec said it would build one million homes in Egypt in a $40 billion project backed by the Egyptian and UAE governments.
Brent crude oil sank to a four-year low below $83 a barrel last week because of ample supply and the prospect of a weak global economy.