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Qatar Rental Rates Rise 8%

Latest report from Asteco shows villa rates up four per cent as demand outstrips supply.

KSA’s Almarai And Dar Alarkan Up

Saudi Arabia’s dairy producer and property developer both reveal an increase in net profit for the second quarter.

Saudi Approves Mortgage Law

The long-awaited mortgage law is expected to help solve the Kingdom’s critical housing problem, say experts.

Dubai Rents Rise Between 6-9%

Average apartment rents increased six per cent and villa rents rose nine per cent in Q2 2012, says Asteco.

Dubai Property Market Most Open

The UAE city is ranked as having the most transparent real estate market in the MENA region.

Betting On Libya’s Future

The demise of Gaddifi has unleashed a treasure trove of opportunity, but one that’s fraught with risk.

Rents Rise In Riyadh and Jeddah

Residential rents rose between four to 13 per cent in the two Saudi Arabian cities, says a new study.

Arkan Gets Dhs1.4bn Loan

The construction company will use the amount to refinance existing debt and fund expansion.

DSI Wins Dhs96m Oman Deals

UAE contractor Drake & Scull International has secured a series of MEP contracts in Oman.

Dubai Properties Gets New Board

Dubai Properties Group’s new board will set up its long-term business strategy and oversee implementation.

Dubai Stops ‘One Cheque’ Rents

A new survey finds that most landlords in Dubai now allow tenants to pay in two or four cheques.

Nakheel Posts Q1 Profit

The Dubai-based developer’s first-quarter revenue rose 159 per cent to Dhs1.35 billion in the first quarter of the year.

Bahrain Rents Slump

Residential rents in some areas have fallen to 2005/ 2006 levels, and occupancy levels have reached as low as 30 per cent.

Nationals Snap Up Qatar Property

Real estate projects in Qatar are not yet seeing an interest from global investors, say industry experts.

Qatar’s Property Market Stabilises

As Cityscape Qatar begins, experts say that despite oversupply in the market, demand is catching up.

Abu Dhabi Picks Banks For Merger

Four banks have been chosen as advisors for the proposed merger been Aldar and Sorouh, according to sources.

Drake & Scull Eyes $300m Iraq Deal

The contract will be an oil and gas project to build a pipeline in Basra, said the company’s CEO.

Nakheel Plans New Housing Project

Financing has been secured for the new project on Dubai’s Palm Jumeirah, said Nakheel’s chairman.

Doha’s New Heart Takes Shape

Peter Shaw-Smith takes a walk through Msheireb Downtown, Qatar’s billion-dollar city centre project.

Revealed: Top 5 Real Estate Gainers

Gulf Business reveals the top five UAE real estate firms based on profit gains in the first quarter of the year.

Dubai Villas Record Rent Rise

Average lease rates for villas in the city increased by three per cent during the first quarter of the year.

Drake & Scull Q1 Profit Drops

The UAE-based construction firm posted a 15.6 per cent drop in its first quarter net profit.

Union Properties Posts Profit Drop

The Dubai property developer announced that net profit for the first quarter of the year dropped 72.7 per cent to Dhs22 million.

Aabar Clarifies Arabtec Stake

Aabar said that it had only raised its stake in Arabtec to 20.7 per cent and not 53 per cent as previously reported.

Arabtec Triples Q1 Profit

The construction firm made a net profit of Dhs84.1 million during the first quarter of the year.

Aabar Signs $2bn China Property Deal

Under the agreement, China State Construction develop real estate projects in Abu Dhabi.

Is The Property Market Back?

The UAE’s main property developers posted gains in Q1 2012. But are we really out of the woods?

Starwood To Open 40 MENA Hotels By 2017

The international hotel operator is planning to add 13,000 new rooms to the region by 2017.

Arabtec Group Identified For $3bn Airport Deal

An Arabtec consortium is in final talks for a $3 billion contract to expand Abu Dhabi’s international airport.

Sorouh Posts 30% Profit Rise

Abu Dhabi developer sees gains from government projects and higher rental income.