The value of real estate transactions rose 30 per cent on the same period last year.
The new development will consist of commercial and residential towers as well as the Sheraton Dubai Tower Hotel.
ADIA has investments of about $400-$500 million in India which includes a $50 million investment in Red Fort Capital, a real estate private equity fund.
However, GCC investors are looking beyond traditional luxury hotspots such as Mayfair and Knightsbridge.
The debt-ridden developer made a net profit of Dhs1.2 billion during the first half of the year on higher revenues.
Apartment sale prices rose significantly in the second quarter of the year compared to Q1 2013, finds new report.
Despite an abundance of construction projects in Qatar, local real estate developers constitute a fraction of those benefitting from the boom.
The new project will be situated alongside the Trump golf course within the new Akoya development.
The merged entity, called Aldar Properties, has assets of over Dhs46 billion and a market capitalisation of around Dhs16.7 billion.
While rents in Riyadh rose by seven per cent on average, lease rate for villas in Jeddah were up around four per cent, says new report.
The developer almost defaulted on its debts and agreed to a $16 billion restructuring in 2011.
China State Construction Engineering Corporation will make its first-ever Middle East investment in the Viceroy Dubai Palm Jumeirah project.
A joint venture between Mubadala and US-based Prudential Financial bought the residential project for an undisclosed sum.
The Dhs1 billion tower, located in Dubai Marina, is developed by Saudi’s Cayan Group.
One of the projects, a residential development in Business Bay, will be worth about Dhs500 million.
Emaar Properties and Meraas Holding plan construction of an 11 million square metres project.
Qatar Diar, the real estate arm of the Gulf state’s sovereign wealth fund, owns 45 per cent of Barwa.
A total of 1,283 buildings were completed in Abu Dhabi during the quarter, according to official data.
The Dubai contractor expects a series of recent contract wins to boost its 2013 earnings.
With several high profile property launches, how can Dubai avoid another real estate crash?
Emaar MGF Land has been accused of using overseas funds to buy agricultural land, which is not allowed.
The Abu Dhabi developer has sold three plots of land to help meet its creditor obligations, but is still facing a huge deficit in its debts to the Abu Dhabi courts.
Has Dubai learned its lesson from the property slump that saw prices drop almost 60 per cent five years ago?
The second tower of the Dubai real estate giant’s Burj Vista development will feature 20 storeys, housing one, two and three-bedroom apartments.
The Dubai-based developer appointed Hawary Marshad, who will replace Yawar Pasha as CFO.
A joint venture between Arabtec and Terna won a contract to build a 105-bed hospital in Riyadh.
The Dhs400 million tower includes 220 serviced living units in Dubai’s Burj area.
Arabtec had said in March that the fundraising was part of a five-year expansion plan.
Thousands of workers stayed away from work from Saturday to demand higher wages.
The twin-tower residential and commercial development will be built in Jeddah’s Corniche area.