November 21, 2017

DP World unveils plans for new Suez Canal economic zone

Plans by Dubai-based DP World to create a new economic zone in the Suez canal region of Egypt have been presented to potential investors.

Sultan Ahmed Bin Sulayem, Group chairman and CEO, DP World and Admiral"...

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November 13, 2017

Saudi KAEC inks project development agreements

Saudi-based King Abdullah Economic City said it has signed a series of agreements and partnerships with General Customs Authority and the Economic Cities Authority (ECA) to establish a deposit and re-export zone within the Jeddah facility and also build an auto racing circuit at Lagoona"...

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November 13, 2017

Berkeley Assets sets up regional HQ in Dubai

Berkeley Assets, a multi-asset company with investments in real estate, hospitality, logistics and technology, has established its Middle East and North Africa (Mena) headquarters in Dubai to drive the strategic growth of business throughout the region.

Its portfolio of properties"...

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November 12, 2017

A primer on Dubai rental index calculations

With key locations in Dubai recording rental declines through the year, it will be up to the city’s Rental Index to mirror the changes when it gets updated for 2018.

The “Rental Increase Calculator”"...

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November 7, 2017

ENBD REIT school project on track for September launch

ENBD REIT, the Nasdaq Dubai-listed Shari’a-compliant real estate investment trust managed by Emirates NBD Asset Management, said work on its South View School located within the Remraam Community in Dubai was progressing well and on track for completion by the beginning for the next"...

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October 28, 2017

Hong Kong property market too risky, says Savills

Hong Kong’s sky-high prices and low affordability rank it as one of the riskiest property markets for Savills Investment Management, which is avoiding the city in favor of Japan and Australia.

“Hong"...

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October 25, 2017

Japan conducts safety checks at Kobe Steel plant that supplied...

Japanese authorities are conducting safety checks at a Kobe Steel Ltd aluminium plant that supplied components for a domestically built aircraft and seeking to inspect other plants owned by the embattled company.
Kobe Steel’s revelations of widespread tampering in the specifications"...

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October 21, 2017

Saudi fund launches real estate refinance company

Saudi Arabia's Public Investment Fund (PIF) has launched a new real estate refinance company, in line with its Vision 2030 objectives of improving the performance of the real estate market, increasing its contribution to the GDP, and raising the rate of homeownership among its citizens"...

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October 19, 2017

Daikin boosts UAE dealership network

Daikin, a global Japanese HVAC (heating, ventilation and air-conditioning) leader Daikin, has strengthened its dealership network with the opening of two new dealer shops in the UAE recently.

A key manufacturer and developer of full range of air-conditioning products and systems,"...

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