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Qatar’s Masraf Al Rayan Sells Real Estate Firm Stake To Govt Fund

The Qatari lender said it had agreed to sell its 50 per cent stake in Seef Lusail Real Estate Development.

Dubai’s New Mega Projects Could Create Boom-Bust Cycle – Report

Policymaking complacency and the launch of larges scale projects such as Mall of the World could lead to property bubble, finds report by the Bank of America Merrill Lynch.

Are Banks Prepared For Another Dubai Property Bubble?

Dubai’s property market is showing signs of overheating, but banks seem better insulated this time around, say experts.

Abu Dhabi House Prices Grow 29% Y-o-Y In Q2 2014

Investor confidence in the capital’s property market has returned with off-plan projects being sold out, according to a report by Asteco.

Bahrain Office Rental Rates Remain Flat – Knight Frank

Factors such as oversupply and weak occupier demand have led caused rental rates to stagnate.

Nakheel’s First Half Net Profit Up 54% To Dhs1.85bn

Strong revenue from property development along with improving performance in Nakheel’s retail, leasing and leisure businesses contributed to these results, the company said.

London’s Residential Properties Continue To Woo Middle East Investors

The city’s political stability and rising demand from a burgeoning workforce have been instrumental in attracting international investment to its property market, a new report says.

Damac Offers Buyers Luxury BMW Cars As Part Of Ramadan Promotion

The offer is open to investors in Damac projects in the Burj Area, Dubai Marina, Jumeirah Village and AKOYA by DAMAC.

Dubai Holding Chief Says Company Needs $6.8bn To Build New Mega-Mall

Dubai recently announced plans to build the “Mall of the World”, including the world’s largest mall, a theme park and 100 hotels and serviced apartments.

Dubai’s Emaar Properties Faces Market Oversupply Risks – Moody’s

Emaar has launched many new residential projects this year and is also expanding its flagship Dubai Mall.

Dubai’s Rents Rise Significantly In Q2, 2014 – Asteco

Jumeirah Beach Residence saw the highest increase in rent prices at 10 per cent quarter-on-quarter, according to a report by Asteco.

Dubai Launches Project To Build World’s Biggest Mall

The eight million sq ft mall will be connected to a theme park, theatres, medical tourism facilities and 100 hotels and serviced apartments.

Nakheel Awards Contract For 8 Substations In Deira Islands

Engineering consultancies Green Energy and Energoprojekts will carry out design review and infrastructure site supervision services for the 132/11kv substations, the developer said.

Dubai Records World’s Strongest Prime Rental Rise in Q1, 2014

Prime rents in the city rose six per cent in Q1, and are up 16.4 per cent year-on -year, the report found.

United Arab Bank CEO: No Hike In Mortgage Lending Despite Dubai Property Market Boom

The market has matured to a level capacity although rents continue to increase, says CEO

Dubai’s Union Properties Expects H1 Profit To Jump Fivefold

The developer expects its profit in the first half of this year to reach Dhs700 million.

Nakheel Launches New Deira Islands Mall, Awards Dhs40m Design Contract

The 620,000 square metre retail destination will form part of the Dubai developer’s new 15.3sq km Deira Islands project.

UAE’s Al Hamra Real Estate Gets $230m Financing

The firm said the facility would be used to refinance existing debt and to finance planned new real estate projects.

Property Brokers In Dubai To Face RERA Test For Licence Renewal

The test, which has a fee of Dhs700, has to be cleared by all real estate brokers in the emirate.

UAE-Based Danube Properties Sells Out Debut Project On First Day

Located in Dubai, the Dhs500 million residential project, Dreamz By Danube, includes 171 townhouses.

Dubai’s Luxury Home Prices Fall In H1 2014

The introduction of mortgage caps has been instrumental in dampening the buyer activity this year, research has found.

Egypt-Saudi Company To Invest $245m In Housing Units

Egyptian state news agency MENA said Saudi would inject $124 million dollars into the Saudi Egyptian Construction Company (SECON).

Nakheel Chairman: No Immediate Plans To Restart Palm Jebel Ali

The developer will announce new “big” projects later this year, confirmed Ali Rashid Lootah.

Nakheel To Repay $1.5bn Debt By August, Four Years Ahead of Schedule

The repayments will be funded from Nakheel’s own resources rather than support from the Dubai government.

Dubai’s Arabtec Says Restructuring Won’t Hurt Projects

Arabtec’s shares, the most heavily traded in Dubai, plunged 53 per cent this month, dragging down the entire market.

Dubai’s Damac Launches Sales Of FENDI-Styled Villas

The villas, which come with a starting price of Dhs36,000,000, will be ready by Q1 2017, the developer said.

UAE Developer Al Thuriah Launches Two Residential Towers In Sharjah

The towers will be located in the Sahara complex between the borders of Sharjah and Dubai.

Dubai’s Arabtec Says Has Laid Off “Limited Number” Of Staff

Reports claimed that the Dubai contractor laid off hundreds of staff following the departure of CEO Hasan Ismaik.

Emaar Launches Commercial Development ‘Emaar Square’ In Jeddah

The development will include three office buildings overlooking Crescent Plaza, which houses luxury retail outlets and F&B options.

UAE Businessman Khalaf Al Habtoor Buys Intercontinental Budapest Hotel

The acquisition is Al Habtoor’s second hotel in the Hungarian capital.