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Real Estate

Posted: 02-08-2011
SAUDI ARABIA.  The chairman of Kingdom Holding Company, HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, who has been the driving force behind the decision to build the world's tallest tower in Saudi Arabia, announced that the construction contract has been signed today. Kingdom Tower, with a height of over 1,000 meters, will begin construction imminently in Jeddah, Saudi Arabia.  Kingdom Tower will be the centerpiece and the first construction phase of Kingdom City, Jeddah Economic Company's (JEC) new urban development of more than 5.3 million square meters of land in the
Posted: January 15, 2015
UAE. Phidar Advisory Q4 research reports show that residential prices in the last quarter of 2014 have decreased compared to the previous quarter, while office lease rates remained relatively unchanged.
Posted: January 14, 2015
UAE. Home sales by value declined to AED60 billion (US$16.3 billion) in 2014 from AED62 billion in 2013; Total real estate sales, including land and commercial property, dropped 7.6% to AED218 billion.
Posted: January 13, 2015
UAE. New company specialising in selling and leasing properties in Dubai; Deal to offer employment opportunities for 250 estate agents.
Posted: January 12, 2015
UAE. The deal entails early repayment of US$2.92 billion due this year and the extension of debt due in 2018 to 2022; The company also said it pledged additional collateral and increased pricing as part of the agreement, without giving further detail.
Posted: January 12, 2015
UAE. News that the Dubai government plans to increase spending by 9% in 2015 delivered a boost to confidence in the prospects in the Middle East's premier business hub.
Posted: January 12, 2015
UAE. Group announces AED400 million acquisitions in financial and real estate sectors; Robust growth in 2014 in real estate, glass and construction materials' manufacturing businesses .
Posted: January 8, 2015
UAE. 3 shows - Metal Middle East, Arabia Essen Welding & Cutting and Tube Arabia - set to be held from January 10 to 13 at Dubai International Convention and Exhibition Centre.
Posted: December 22, 2014
UAE. Colliers International Dubai House Price Index, compiled using actual mortgage transaction data from a consortium of financial institutions, registers no change over Q3 2014, for the first time since Q2 2012.
Posted: December 17, 2014
UAE. The emirate's economy is expected to grow 4.5% next year from an estimated 4% in 2014; Real-estate and construction may expand about 6% each.
Posted: December 17, 2014
UAE. Improvements to infrastructure set to bolster long term capital value growth; Freehold transactions fall by almost one third during Q3 2014.
Posted: December 16, 2014
UAE. The developer reached a deal with creditors in 2012 to begin repaying the US$1.2 billion Islamic loan in 2014, about four years after it was due, bankers familiar with the deal said at the time.
Posted: December 16, 2014
UAE. The residential segment has experienced a period of relative stability during H2 2014, with rental rates remaining broadly flat. Over the course of the year, modest growth of around 7% was recorded, compared with 24% during 2013, according to CBRE's year-end market update.
Posted: December 16, 2014
UAE. The project win boosts DSI's total project awards in 2014 to date to AED5.6 billion and the total projects backlog to an all-time high of AED15.3 billion across MENA, Europe and Asia.
Posted: December 15, 2014
UAE. An analysis of the rental yields by unit sizes across monitored areas shows an inverse relationship between unit sizes and yields; the higher the unit size, the lower the yields.
Posted: December 15, 2014
UAE. Improved financial risk profile over the next 12 months due to the expected receipt of infrastructure reimbursements from the government that will lead to further debt reduction.


date:Posted: February 1, 2015
UAE. Latest report highlights need for companies to seize merger and acquisition opportunities created by lower oil prices.
date:Posted: February 1, 2015
INTERNATIONAL. January proved to be another difficult month for commodities as the trend of falling prices amid rising supply resulted in a 7th consecutive monthly fall for the Bloomberg Commodity index.
date:Posted: January 31, 2015
QATAR. In the end, monetary policy can be powerful in the short-term but is unlikely to change the long-term predicament of the Euro Area. The ECB may succeed in preventing prolonged deflation from taking hold, but this is a not a sufficient condition for sustainable growth.