No Ad
No Ad


Companies | Middle East


CBRE Group, JLL, others see opportunity, as country shifts to real estate and away from oil dependence


Emirates REIT (CEIC) Ltd. plans to start Dubai’s first residential real estate investment trust as falling property prices boost potential returns from rental income.


Shikun & Binui Ltd., Israel’s oldest and largest construction company whose majority shareholder is billionaire Shari Arison, will target more opportunities in the Americas, the chairman said, amid intensifying competition at home.


The jagged hole that used to be the glass front door of Dubai’s S&K Estates Agents sums up the state of the city’s home-selling business.


One of Dubai’s biggest property brokers shut its doors after filing for bankruptcy, saying plummeting property prices and a drop in transactions caused revenue to decline.


CapitaLand Ltd.’s serviced residence arm and Qatar Investment Authority, the Gulf state’s sovereign wealth fund, will partner in a $600 million venture as Southeast Asia’s biggest developer boosts its fund management business.


NorthStar Healthcare Income Inc. bought senior-care communities with about 4,000 homes from Bahrain-based Arcapita Bank BSC for about $640 million.


Gazit-Globe Ltd., which manages about $20 billion of commercial real estate assets, has started to approach potential overseas buyers for the sale of its Israel unit, according to two people familiar with the matter.


Dubai, the land of the largest, the tallest and other record-setting landmarks is adding one more feather to its cap of wonders. United Arab Emirates is all set to welcome the world’s biggest Apple store in Dubai. 



A boutique office building on Flinders Lane has changed hands in an off-market deal for $9.8 million, reflecting a tight yield of only 4.5 per cent.


Emaar Properties PJSC, the builder of the world’s tallest tower in Dubai, said first-quarter profit rose 7 percent, beating analyst estimates, as it generated more income from retail and hotel assets.


Eagle Hills, an Abu Dhabi-based developer of international projects, signed a contract with the Serbian government to redevelop part of central Belgrade.


Cayan Group is planning to spend almost $1 billion on three property projects in Dubai and Saudi Arabia, according to the chairman of the Saudi real estate developer.


When Blackstone Group LP and Goldman Sachs Group Inc. bought into Spain’s residential real estate market two years ago, they saw it as a bet on the nation’s economic recovery.


Group plans to aggressively develop 30 acres of land


Emaar Properties PJSC, the builder of the world’s tallest tower, reported a 28 percent jump in full-year profit as revenue from hotels and malls increased.


(Bloomberg) -- Abu Dhabi Investment Authority, the world’s second-biggest sovereign wealth fund, may invest in a Frankfurt property development set to cost more than 1 billion euros ($1.1 billion).


(Bloomberg) -- Damac Real Estate Development Ltd., the developer working with Tiger Woods and Donald Trump on projects in Dubai, said 2014 profit surged 46 percent as it completed homes and sold land.


(Bloomberg) -- Dubai Investments PJSC, the company with interests in real estate and manufacturing, will buy a 60 percent stake in investment bank Al Mal Capital PSC as part of a plan to boost financial services assets.


Dubai Investments PJSC plans 10 billion dirhams ($2.7 billion) of real-estate projects in the next five years as it seeks to benefit from resurgent property demand.