Press Dossier   News Category    Real Estate   
Dubai offers first lease-to-own industrial warehouses
Cost of operations will substantially go down with the introduction of lease-to-own warehouses for industrial projects in Dubai as it is first of its kind in the Gulf region.
13,230 families benefit from ‘Sakani’ program in Saudi Arabia
The Ministry of Housing’s “Sakani” program has helped 13,230 families registered on its Real Estate Development Fund list with housing options and finance solutions during May.
Luxury living has to hit home, especially in Dubai
Khaleej Times spoke to Colin Doyle, partner of LW Design Group, the architect behind Villa Aurum, which recently made waves in the property sector when it was listed for Dh130 million.
Dh5.6b property deals transacted in Dubai during Ramadan
Property deals cumulatively worth Dh5.6 billion were transacted in Dubai during Ramadan this year.
Value of Dubai real estate transactions up 33% in 2019
The value of real estate transactions in Dubai rose 33 percent to AED 34 billion ($9.26 billion) in the first five months of the year, according to statistics from the Dubai Land Department.
Luxury Dubai property prices fall 4.7% in past year
Luxury property prices in Dubai have fallen by 4.7 percent on average over the past year, according to new research by real estate consultancy Knight Frank.
Oman's Salalah Grand Mall set to open by end-2019
Salalah Grand Mall, a mixed-used project being developed by Salalah Commercial Centre in partnership with the Ministry of Defence Pension Fund and Al Madina Real Estate, is set to open by the end of this year.
Cash-based transactions continue to dominate Dubai realty
Cash is still the king and it continues to rule Dubai's property market despite a decline of over one-third in transactions due to a slowdown in the economy and property prices, according to official data.
New Downtown emerging in Dubai
As Dubai works on building different downtown neighborhoods as part of its urban planning, a new centre is emerging fast on the horizon of Dubai's property market
US to hold economic conference in Bahrain to encourage investment in Palestinian areas
The US is to hold an international economic workshop in Bahrain in late June to encourage investment in Palestinian areas as the first part of its Middle East peace plan, according to a White House statement.
Dubai Asset Management partners with HiGuests
Dubai Asset Management has announced its foray into the short-term rental market through its partnership with HiGuests, a Dubai-based startup which specialises in managing short-term property rentals with the aim of offering added convenience to guests and hosts alike.
Residences at Mandarin Oriental, Muscat unveiled
Eagle Hills Muscat, a partnership between Eagle Hills Abu Dhabi and Izz International, have unveiled The Residences at Mandarin Oriental, Muscat.
Here’s how expats can secure long-term visa in UAE
The UAE offers plenty of opportunities to foreigners who are willing to invest in real estate sector to secure a long-term visa following a reform process initiated by the government last year.
Property buyers are returning to Dubai as prices continue to drop
Real estate across Dubai is becoming more attractive for buyers, as sales volumes for both off-plan and ready-home properties picked up in the past six months, possibly due to downward price corrections in the market, a report has found.
9,000sqft Palm Jumeirah villa sold for Dh51M
A 9,000sqft villa in Palm Jumeirah was the most expensive unit sold in Dubai in the first-quarter of 2019, fetching Dh51 million.
UAE adds 10,300 new units in Q1; new launches increase
The UAE's real estate continued to witness strong supply of new residential units as 10,300 new villas and apartments were delivered in Dubai and Abu Dhabi in the first quarter of 2019, according to a report released by Asteco on Monday.
Deal signed to develop SMEs in Saudi Arabia’s Eastern Province
The Eastern Province Chamber of Commerce and Industry and the General Authority for Small and Medium Enterprises (Monsha’at) signed a cooperation agreement in Dammam.
Dubai rents drop again, 5 most affordable areas revealed
House prices in Dubai continue to be more affordable with the ongoing correction in the sector, leading to a more than 10 per cent annual decline across a broad spectrum of residential communities.
In commemoration of their national day, Pakistanis join with Saudis in reflecting on their historic relations
Thirty-five-year-old Mushtaq Ahmed prepares a sweet rice dish called kheer in his camp on March 23 every year.
Dubai housing to get supply boost
Residents will be able to buy or rent properties on more flexible terms and conditions as record 41,000 residential units are expected to come online this year due to higher materialisation rate of projects ahead of Expo 2020.
'Dubai must not position as a cheap destination'
The key for Dubai is that it is value-for-money destination. I don't think Dubai should try to position itself as a cheap place.
Saudi Arabia’s megaprojects in spotlight at Riyadh International Book Fair
Visitors arriving at the Riyadh International Book Fair 2019, one of the region’s largest cultural events
Motorbikes and boards kick Saudi Arabia's Sharqiah Season off with a vroom
The second day of Sharqiah Season got off with a vroom as hundreds of motorcyclists descended on a Saudi city for a major bike show.
Saudi Arabia affirms economic role for women
Saudi Arabia affirmed its belief that women are an important component of the power of society and are of paramount importance in the creation of a vibrant economy.
Riyadh ‘a beacon of Arab culture’: Kuwaiti envoy
Riyadh is a beacon of Arab culture, according to Sheikh Ali Khalid Al-Jaber Al-Sabah, Kuwaiti ambassador to the Kingdom.
Saudi Real Estate Refinance Co. issues $200m sukuk
Government-owned Saudi Real Estate Refinance Co. (SRC) said on Wednesday it had completed a 750-million-riyal ($200 million) sukuk issue with multiple tenors, the first transaction by a non-sovereign issuer in Saudi Arabia in 2019.
Saudi Real Estate Refinance plans $2.3bn in sukuk sales
Saudi Arabia’s first mortgage-refinancing firm is set to debut in the bond market with a plan to raise as much as 8.5 billion riyals ($2.3 billion) this year as the kingdom seeks to expand home ownership.
Council of Saudi Chambers’ women’s council elects new leaders
The Council of Saudi Chambers’ (CSC) Coordination Council for Women’s Affairs (CWA) held its first meeting on Thursday.
Alaskan Quant fund sees profit in frontier markets near upgrades
It’s time to pay attention to Kuwait’s stock market, according to Alaska-based quantitative fund McKinley Capital Management.
Bahrain reveals plan for special week to support startup ambitions
Bahrain’s focus on shaping a regional hub for entrepreneurs as part of its ongoing efforts to meet key goals within the Economic Vision 2030 comes under the spotlight next month when it hosts StartUp Bahrain Week.
Major new Saudi tourism project to get underway
A major initiative mapping out 11 key tourism seasons for Saudi Arabia has been launched by government officials.
2 million women on Absher as Saudi app users surge
More than 2 million women are now using Absher, the “one-click” app that provides instant access to Saudi Ministry of Interior services.
Dh50,000 fine for posting this content online in UAE
Publishing false or misleading ads for renting flats in Dubai could get you fined Dh50,000.
Saudi Arabia appoints its first female ambassador to US
Saudi Arabia appointed its first female ambassador early Sunday to serve as its top diplomat in the United States.
UAE Air Force to get multi-mission jet, boost rescue capacity
Aquila Aerospace LLC (Aquila) on Tuesday announced the signing of its first contract with the UAE Air Force (UAEAF)
UAE official praises Saudi king's role in regional stability
The speaker of the UAE’s Federal National Council, Dr. Amal Al-Qubaisi, praised King Salman and the strength of the relationship between the two nations during a visit to the UAE by Dr. Abdullah Al-Asheikh, her counterpart at the Saudi Shoura Council.
26 million passengers visit Riyadh airport in 2018
The total number of passengers departing and arriving at King Khalid International Airport exceeded 26 million passengers in 2018
Investors remain cautious about investing in Oman's bonds
Bond investors rattled by Bahrain’s fiscal woes last year are bracing themselves for what might happen in Oman.
UAE bans import of live birds from Kuwait
The UAE’s Ministry of Climate Change and Environment (MoCCAE) has banned the importation of all live birds from Kuwait.
FaceOf: Dr. Moudhi bint Mohammed Al-Jamea, Saudi telecom executive
Dr. Moudhi bint Mohammed Al-Jamea, Saudi Telecom’s first woman executive, has been appointed general manager of the Information and Communications Technology (ICT) School at the STC Academy.
Getting rid of red tape seen as key to Saudi reform push
Saad A. Alrashed, the founding partner of law firm ZS&R in association with Hogan Lovells, speaks to Arab News about the investment climate in Saudi Arabia and why 2019 is set to be the year of deal-making.
Saudi announces launch of first communications satellite
Saudi Arabia on Tuesday announced the launch of its first satellite for communications from the French Guiana Space Centre, Saudi Press Agency reported.
Saudi launches a new anti-corruption office
Saudi Arabia has launched a new office to monitor state spending, saying it would help keep up the fight against corruption after the closing of a 15-month crackdown, state media reported.
2.5 million arrested for residency, labour violations in Saudi Arabia
Over 2.5 million people have been caught for flouting residency, labour and border regulations in year-long campaign in Saudi Arabia.
Kuwait announces 3-day holiday
The Kuwait Cabinet has announced a 3-day holiday for the public sector on the occasion of the country's National and Liberation Day.
UAE, Saudi Arabia narrow gender gap but still much to do
The UAE and Saudi Arabia are slowly improving the gender gap in the workplace and society but the Middle East region continues to rank last globally, according to a new report.
UAE denies reports of 747 touching down on Fujairah Corniche
UAE authorities have denied social media rumours that a commercial plane in distress landed on the Fujairah Corniche and clarified that it was there for commercial purposes before being shipped to Bahrain.
Bahrain to open world's largest underwater theme park
Bahrain plans to construct the world’s largest underwater theme park with a submerged Boeing 747 as its centrepiece, it was announced on Saturday.
Will government initiatives boost UAE property market?
The performance of both the UAE and Dubai real estate industry in 2019 will depend on how the market responds to the raft of government initiatives and regulations announced to stimulate demand.
Emirati not denied entry into UAE after Thailand trip
A video which has been doing the rounds on social media recently has elicited a response from the Department of Health in Dubai.
Page 1 of 12