• Jeddah sees real estate market slowdown


    The Saudi city of Jeddah has witnessed a general slowdown across all its real estate sectors in the first quarter due to demand-supply mismatch and the country’s overall macroeconomic scenario, according to a report.

  • Qatar testing turf able to survive desert sun


    Critics say Qatar will be too hot to host the 2022 World Cup but it is determined to prove the grass is no greener elsewhere.

  • Majid Al Futtaim unveils $1.8bn Oman investment plan


    Majid Al Futtaim, a leading shopping mall and leisure pioneer in the region, officially unveiled its plans to increase its total investment in Oman to RO705 million ($1.825 billion) by 2020, at an event in Muscat today.

  • Emaar unveils 'Dubai Opera' at special London showcase


    Emaar Properties is launching its ambitious 'The Opera District' - Dubai’s answer to the Sydney Opera House - at a special showcase in world-famous Harrods department store in London, UK.

  • Penspen awarded design contract by Adnoc


    Penspen, a leading global provider of services to the energy industry, has signed an agreement with Adnoc Distribution to provide detailed engineering services for the upgrade of various terminals and depot facilities in the UAE.

  • Saudi Binladin crisis will be resolved says minister

    77,000 WORKERS LAID OFF
    The crisis surrounding major Saudi Arabian construction company Saudi Binladin Group (SBG), which has been struggling to pay its workers, will be resolved, Labour Minister Mufrej Al Haqbani said on Tuesday.

  • Danube launches new UAE residential project


    UAE-based Danube Properties has announced the launch of its sixth project - Glamz Residence, which features 418 fully-furnished apartments in the Al Furjan area of Dubai, UAE - targeted at the affordable housing segment.

  • UAE beachfront project on track for 2016 handover


    Key infrastructure work at Hidd Al Saadiyat, an exclusive beachfront community in Abu Dhabi, UAE, has been completed and the project is on track for handover by the end of 2016.

  • Qatar, UAE among top nations for infrastructure investment


    Qatar and the UAE rank the second and third most attractive countries for infrastructure investment across the globe despite low oil prices hindering such investment, says a key report from Arcadis.

  • Dubai’s office market posts solid growth in Q1


    The office market in Dubai, UAE, continues to see strong demand for good quality, efficient, and well located accommodations, resulting in declining vacancy rates in key sub-markets, said a report.

  • Veolia wins first Oman waste management contract


    Veolia, a global leader in optimised resource management, said the company has secured its first waste management contract in Oman in partnership with its local partner Al Ramooz National.

  • Karcher posts double-digit Mideast growth


    Karcher, a leader in innovative cleaning technology solutions, has recorded double-digit sales growth in the Middle East region in 2015, despite difficult market conditions, mainly through expansion of its products and services.

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Jeddah sees real estate market slowdown

The Saudi city of Jeddah has witnessed a general slowdown across all its real estate sectors in the first quarter due to demand-supply mismatch and the country’s overall macroeconomic scenario, according to a report....



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