Abu Dhabi residential sales prices to remain stable
The prime average residential sales prices in Abu Dhabi, UAE, are expected to remain stable during 2015 as the demand softens and annual supply gets reduced significantly, said a report.
Kuwait's URC wins top retail developer award
Kuwait-based United Real Estate Company (URC) has been selected as the ‘Best Retail Developer, Middle East - 2014’ by the World Finance Real Estate Awards.
Emaar targets Q2 for $270m Egypt unit float
PLANS 'WITHIN DAYS'
Dubai's Emaar Properties will submit plans to float its Egyptian unit to the North African country's regulator "within days" ahead of an initial share sale earmarked for the second quarter, two sources aware of the matter told Reuters.
Deyaar net profit surges 82pc in 2014
Deyaar, a leading Dubai-based developer, said it has achieved significant results across all key areas of its operations in 2014 and rounded off the year with a 82 per cent jump in net profit.
Aabar to tighten grip on Dubai builder Arabtec
NOD FOR 100m MORE SHARES
A subsidiary of Aabar Investments has received regulatory approval to buy a further 100 million shares in Arabtec, strengthening the Abu Dhabi state-run fund's hold on the Dubai-listed builder, according to a bourse filing on Monday.
Barwa awards residential project contract
Barwa Real Estate Group has signed up Erga Qatar Architectural and Engineering Consultants to develop the second phase of its Dara residential project, which is coming up on a 147,000 sq m area in Fox Hills, Qatar.
Terex to supply 20 dumpers for Riyadh Metro project
Global construction solutions provider Terex has secured a major deal to supply site dumpers for the Riyadh Metro project in Saudi Arabia.
GE systems help power new Yanbu desal plant
GE’s Power Conversion business will provide the electrical variable speed drive (eVSD) system technology, including motors and MV7000 drives, to help power the new Yanbu 3 power and desalination plant in Saudi Arabia.
'New challenges ahead' for Dubai property investors
With the cooling of the real estate market since the middle of last year and the rapid fall in oil prices over the last few weeks, it could be interesting times ahead for Dubai's investors, said an expert.
New GM for Honeywell Building Solutions in Qatar
Honeywell Building Solutions (HBS) has appointed Youssef Fraiwat as its general manager for Qatar.
Bahrain braces for new real estate regulations
Bahrain is set to introduce new obligatory tenancy registration procedures, which will aid in the maturing of the market. However the proposed rent hikes at renewals threaten to obstruct the kingdom's residential markets, said an expert.
Qatar utility firm's Q4 net profit up 9.3pc
Qatar Electricity and Water Company (QEWC), the country's monopoly utility firm, reported a 9.3 per cent rise in fourth-quarter net profit on Monday, according to Reuters calculations, beating analyst expectations.