Asteco says average rents drop 2% in Sharjah, Ras Al Khaimah and Ajman in three months to end of June Apartment rental rates in the Northern Emirates continued to soften during the second quarter of 2018 with an average quarterly drop of 2 percent and a decrease of 11 percent over the...

Developer says the first 300 homes are being delivered at West Yas, the island's first villa community Aldar Properties has announced that it has begun the handover process for the first 300 homes West Yas, the island’s first villa community. The community retail plaza, which includes...

Retailer says it will open another 15 hypermarkets in Saudi Arabia in the next 18 months, of which five will open by the end of this year UAE hypermarket giant Lulu has announced plans to invest SR1 billion ($270 million) in Saudi Arabia by 2020. The retailer said it will open another...

The RTA expects a 25 per cent drop in traffic on Sheikh Zayed Road after the move. The new Salik gate on Sheikh Zayed Road after Ibn Battuta Mall heading towards Abu Dhabi will become operational on October 24, following the opening of the 7th Interchange as well as Al Yalayes and Al...

Dubai is a key re-export gateway for China’s trade with different markets around the world Dubai’s foreign trade with China grew by 6 per cent to reach as high as Dh176.4 billion ($47.53 billion) in 2017, compared to Dh166.35 billion in 2016, according to a statistic released by Dubai...

The rents are likely to slide further with anticipated handovers of key projects across the emirate, according to Asteco Dubai's real estate market is under pressure due to a continued decline in villa and apartment rental rates and sales prices during the second quarter, according to...

Decline in apartment sales was most prominent in Dubai International Financial Centre, Discovery Gardens and Dubai Sports City, says report Average villa and apartment sales prices fell by 4 percent during the second quarter of 2018, with an annual drop of 11 percent, according to Asteco....

Dubai's real estate market is under pressure due to a continued decline in villa and apartment rental rates and sales prices during the second quarter, according to Asteco, a leading property services company in the UAE. The rents are likely to slide further with anticipated handovers of key...

Dubai-based property developer Emaar said it will develop the Middle East’s largest Chinatown within the retail district of Dubai Creek Harbour, its six-sq-km mega-development, only 10 minutes from the Dubai International Airport and the iconic Burj Khalifa. The announcement coincides with...

DP World is currently present at six locations in India Hindustan Infralog Private Limited (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), has closed the transaction to acquire 90 per cent stake in Continental Warehousing Corporation...