Middle East and Africa Residential News

Oman Property Market Gets Boost by Job Creation

Oman Property Market Gets Boost by Job Creation

Strong economic activity in Oman, underpinned by the government's heavy inward investment, has continued to drive job creation. Read More »


Luxe Condo Project Announced in Abu Dhabi, Adjacent to Louvre and Guggenheim

Luxe Condo Project Announced in Abu Dhabi, Adjacent to Louvre and Guggenheim

The first residential development in the Saadiyat Cultural District. Read More »

UAE Residential Markets Further Stabilizing in 2014

UAE Residential Markets Further Stabilizing in 2014

UAE's residential property market has experienced improved stability during the first six months of 2014. Read More »

Abu Dhabi Property Market Thrives in 2014, Dubai Seeks Stability

Abu Dhabi Property Market Thrives in 2014, Dubai Seeks Stability

The real estate market of the UAE has successfully managed to carry its confident performance into H1 of 2014. Read More »


Commercial Property Spotlight

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »


Last Updated September 30, 2014 8:00 AM ET

Middle East and Africa Residential News

International real estate consulting firm Cluttons reports there is an increased demand in both the residential sales and lettings markets.

International real estate consulting firm Knight Frank is now reporting that their Global House Price Index has risen for eight consecutive quarters.

Following an exceptional year in 2013, Dubai's residential property market is showing signs of more modest growth in the first quarter of 2014

Real estate in the United Arab Emirates (UAE) is becoming more expensive in 2014

When it comes to selling luxury condos in Dubai, height matters according to international real estate firm Cluttons.

The Global House Price Index released by property research firm Knight Frank increased by 8.4 percent last year.

Qatari property company Barwa Real Estate announced its 2013 net profit increased 21 percent.

Medinet Nasr for Housing and Development SAE announced its net profit skyrocketed 102.6 percent in 2013.

Arabtec Holding has signed a $40 billion deal with Egypt to construct one million middle-income homes.

Dubai luxury property developer Damac announced a 202 percent increase in profit for 2013.

Dubai's Emaar Properties reported a 21 percent increase in annual profits, led by Dubai's robust economic growth and surging investor confidence.

Home prices in Israel are about 25 percent higher than their historical averages.

The property market in the United Arab Emirates appears to be in fast recovery.

Emaar Properties received an investment grade rating for the first time in four years, seen as the latest sign of the Dubai property market recovery.

Dubai-based real estate developer Union Properties reported its net profit increased more than eightfold in 2013. The company's net profit jumped to Dhs1.58 billion ($430.2 million) last year from Dhs175.8 million in 2012, Reuters reports.

Luxury home prices in Dubai increased by the slowest pace in more than a year in the last quarter of 2013, amid a "flurry" of cooling measures introduced in the final months of 2013, according to a new report.

According to the "Facts about Omani households" report released recently by the National Centre for Statistics & Information, the average monthly Omani household income has risen from $1,660 in 2000 to $3,050 in 2011.

Dubai home values increased more than 30 percent last year, stirring concerns of a bubble burst repeat. Taking a proactive stance, Dubai is planning to implement new rules to control speculation on properties sold before they are built.


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