Top Real Estate News

  • SZHP and Sorouh sign agreement


    The Sheikh Zayed Housing Programme (SZHP) has signed cooperation agreement with "Sorouh" Utility Service Company. WAM (Emirates News Agency) - 12Feb 11:21GMT
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  • Dubai villa owners conceive 'cool' alternative to high chiller charges


    A steep hike in chiller charges proposed for Dubai's upscale Jumeirah Islands is forcing villa owners to look for alternative ways to cool their abodes. A number of Jumeirah Islands villa owners have refused to sign up the new contract citing an unreasonable hike in proposed consumption charges - two-and-a-half times of last year's charges. Emirates 24|7 - 12Feb 05:16GMT
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  • Dubai Police deny reports of Burj Khalifa fire


    Police denied reports about a fire breaking out at the Burj Khalifa on Saturday night. Police termed it a rumour, a "Blackberry story". Gulf News - 12Feb 04:25GMT
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  • Saudi women realtors to form association


    A number of Saudi businesswomen, who are investing in real estate, are planning to announce the establishment of their first association in Jeddah soon, market sources told Arab News. Arab News - 11Feb 07:40GMT
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  • RO 55m for industrial estates in Oman


    Aiming at developing high quality infrastructure for the Sultanate's various industrial estates, the Public Establishment for Industrial Estates (PEIE) is implementing a number of projects at a cost exceeding RO 55 million during 2011-2012. Oman Daily Observer - 11Feb 07:28GMT
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  • Rules call for Abu Dhabi buildings to be clutter-free


    Building facades across the emirate of Abu Dhabi will soon become free of clutter following a set of guidelines that call for improved store signs and tidier shopfronts. Gulf News - 11Feb 06:38GMT
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  • Blominvest arranges a loan of SR290m to build 400 housing units in Riyadh


    Blominvest Saudi Arabia announced the closing of the private placement offering of "Blominvest - Maskan Arabia for Real Estate Development Fund" with a total of 283 million Riyals that is focused on building 400 housing units in north and north-west Riyadh in collaboration with Maskan Arabia, the project developer. Press Release - 10Feb 14:44GMT
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  • Only 38 percent of Saudis own houses


    There are strong indications that commercial banks will increase their real estate financing this year. Last year, banks offered Saudi citizens housing loans amounting to more than SR6 billion, business daily Al-Eqtisadiah reported, quoting banking sources. Arab News - 10Feb 07:27GMT
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  • UAE: Homeowners will manage their own buildings


    In the coming few months, home owners in Dubai will get the right to manage their buildings and their finances. Emirates 24|7 - 10Feb 07:22GMT
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  • Compensation will vary for Sharjah tower fire victims


    Up to Dh2.5 million is expected to be distributed among 51 families as government compensation for the recent Al Baker Tower fire in Sharjah. Gulf News - 10Feb 06:59GMT
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Zawya Select
ZawyaSelect
Libya
Hampering business
In recent weeks business delegations from across the world have found their way to Libya. China is seeking to resume operations for 26 companies in 50 projects worth $19bn in the real estate, rail, oil and telecommunications industries.
 

 
Regulatory
Dealing with mortgage default
UAE's economy has found itself exposed to unprecedented rates of mortgage default, but the country is determined to address them and has already done much in that regard, at least in the way of public discourse and a series of draft laws writes Ludmila Yamalova, Managing Partner of HPL Yamalova & Plewka JLT.
 

 
Tiptoeing back into lending
As the region's economy improves and some sections of the real-estate market show signs of stability and growth, banks are cautiously beginning to lend again. But they are imposing more stringent conditions than before.
 
 
Companies in Real Estate
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Ranked by Market Cap 
Based on yesterday's close
| No. of Employees | Total revenue
  Company Country Market
Cap
($mil)
1 Ezdan Real Estate Company Qatar 13,840
2 Emaar Properties UAE 4,793
3 Jabal Omar Development Company Saudi Arabia 3,482
4 Barwa Real Estate Company Qatar 3,110
5 Douja Promotion Groupe ADDOHA Morocco 2,652
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