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Dubai’s Damac Picks Banks For Potential Sukuk Issue

The Dubai developer has appointed Barclays, Citigroup, and Deutsche Bank as joint global co-ordinators.

Nakheel Evaluating IPO, Plans Another New Development

Chairman Ali Rashid Lootah confirms that the developer will seek a public listing once it has paid up all its debts.

Nakheel To Launch 94 Plots For Sale On Deira Islands Project

The developer is launching 15 resort beach plots and 79 waterfront hotel plots across two of the development’s four islands.

Dubai Lender Amlak’s Bourse Suspension To Be Lifted

Trading in shares of Amlak was suspended in November 2008 as credit markets dried up.

Dubai Introduces Real Estate Contracts To Regulate Transactions

The new agreements will help avoid problems that arise from misinterpretation of the documents, a statement said.

Nakheel Awards Three Construction Contracts Worth Dhs500m

The contracts cover projects in its Al Furjan and International City communities in Dubai.

Dubai’s $20bn Debt Refinancing Deal Will Boost Property Market – Expert

The deal will reinforce confidence in Dubai’s property market, curbing apprehensions on market volatility, says expert.

Qatar To Sign Projects Worth Up To $50bn In 2014 – Central Bank

The projects will be in transport, energy and other sectors, the central bank governor said.

Dubai’s Arabtec Triples Net Profit, Resumes Dividend Payments

The contractor, in which Abu Dhabi state fund Aabar is a key stakeholder, said it made a net profit of Dhs122 million in Q4.

Mohamed Alabbar to acquire stake in YNAP from Richemont

Emaar Plans Dubai, London Listing For Retail Unit

Dubai’s largest listed property developer has said it would list 25 per cent of its shopping malls and retail unit.

Middle Eastern Property Investors Turn West As Regional Instability Continues

London remained the favourite Western destination for regional real estate investors.

Emaar Launches BLVD Crescent, New Project In Downtown Dubai

The development features two towers and includes 300 residential units.

Dubai World Trade Centre Awards Dhs375m Deal To Al Futtaim Carillion

Under the contract, Al Futtaim Carillion will carry out the first phase delivery of the Dubai Trade Centre District project.

Deyaar’s Newly Launched Atria Project Sold Out ‘Within Hours’

The project registered Dhs500 million in sales during the opening hours of the launch.

Damac Announces Sale Of Trump Estates In AKOYA Project

The project includes over 100 luxury villas, conceptualised by Donald Trump and his daughter Ivanka Trump.

Emaar Plans $2.5bn Listing Of Shopping Mall Unit

The proceeds “will be primarily distributed as dividend” to Emaar shareholders, the firm said.

RAK Properties Adds More Units To Flamingo Villa Community

Flamingo Villas, the flagship development of RAK Properties, was launched during Cityscape last year.

Saudi Arabia Launches New Housing Scheme To Ease Shortage

Eligible citizens who submit requests through the new programme, ESKAN, are expected to be allocated homes within seven months.

Qatar’s Barwa Real Estate Posts 27.3% 2013 Profit Rise

Barwa made 1.4 billion riyals ($384.5 million) in 2013, up from 1.1 billion riyals in the prior year, according to a bourse filing.

Dubai Design District Records High Investor Interest

The district will help Dubai earn around Dhs300 billion in tourism revenues per year by 2020, the developer says.

Abu Dhabi’s Aldar Properties To Build 2,300 National Housing Units

The projects have a total developmental value of Dhs5.7 billion and are being fully funded by the Abu Dhabi government.

Bahrain’s GFH To Start $3bn Tunisia Project

The financial park and real estate project had been suspended for five years.

Al Hamra Unveils $164m Falcon Island Development In RAK

Falcon Island will cater to the luxury market outside Dubai and Abu Dhabi.

Strong Demand Spurs Emaar To Launch Second Phase Of MBR City Project

The Dubai developer will launch for sale the second phase of luxury residences at Mulberry at Park Heights.

IFA Launches Dhs1bn Miami-Style Resort In Dubai’s Palm Jumeirah

The development will add around 300 units to Palm Jumeirah’s property inventory.

Dubai’s Deyaar Plans $245m Residential, Hotel Complex

The project will comprise one residential tower and one tower of serviced apartments.

Dubai’s Rising House Prices Pose Economic Risk- Expert

Rising house prices could affect Dubai’s regional competitiveness, an expert has said.

Arabtec Unit Wins Dhs1.03bn Emaar Contract In Dubai

Under the deal, Arabtec Construction will build over 1,500 townhouses in Emaar’s Reem community.

Dubai Developer Damac Says Profit Tripled In 2013

The developer said it booked sales worth $2.5 billion in 2013 compared with $661 million in the prior year.

DMC, DIC Land Prices Rose Around 30% In 2013 – TECOM CEO

Land prices in areas such as Studio City rose 15 to 20 per cent.