Browsing Category
Real Estate
Real estate sales in Dubai down 50% due to coronavirus
The decline in real estate values in Dubai accelerated in April while sales of apartments and villas dropped by…
Abu Dhabi’s property developer Aldar profits fall 39% in Q1
Abu Dhabi's real estate developer Aldar Properties reported on Thursday a 39 percent decline in its first-quarter…
Plans completed for migrant workers’ housing flaghsips in Madinah
Civic authorities in Madinah on Tuesday finalised plans for the implementation of housing projects for thousands of…
Dubai’s new malls likely to add over 7.4mn sq ft retail space 2021-end
Dubai's new major malls are expected to add more than 7.4 million square feet (sq. ft) of Gross Leasable Area (GLA)…
Orascom Construction, Bombardier, Arab contractors start Egypt’s $4.5 billion monorail…
Egypt's Orascom Construction, Arab Contractors, and Canada’s Bombardier Transportation laid the first stone of…
MBG to launch its second compound its Egypt new capital next Sept.
Egypt’s Master Builders Group (MBG) says it seeks to launch its second residential project - Pukka II Compound - in…
Saudi Raza offers 6-month rent deferrals across Kingdom properties
Raza, Saudi Public Pension Agency's (PPA) real estate, announced on Monday a slew of relief measures for commercial…
Kuwait’s construction sector badly hit by coronavirus lockdown
Since Kuwait instituted lockdowns to reduce the spread of the coronavirus last March, around 39 percent of…
Saudi Binladin cuts jobs, reduces salaries amid coronavirus economic pains
Saudi Arabia’s Binladin Group has cut thousands of jobs and reduced staff salaries between 30% to 70% as the…
Dubai property developer Deyaar’s Q1 net profit falls over 85%
Dubai's real estate developer Deyaar's first-quarter net profit slipped by more than 85 percent to Dh2.6 million…