Friday, August 23, 2019

Duqm Village – Oman’s Private Sector Property Project

Renaissance Services has built one of the biggest private-sector township projects – The Renaissance Village in Duqm. The township provides accommodation for white- and...
Email

Dubai’s Real Estate Slump Catches Up With the City’s Finance Hub

(Bloomberg) -- Walk into the latest expansion of Dubai’s financial district and you’ll see a handful of small art galleries, some upscale men’s tailors and...
Email

Dubai’s Amlak Close to Restructuring $1.2 Billion With Creditors

(Bloomberg) -- Amlak Finance is nearing a deal to restructure debt for a second time as the Dubai-based Islamic mortgage provider navigates an ongoing property...
Email

Oman’s Real Estate, Boom or Bust?

Oman’s real estate market is teeming with townships and residential units. In fact, the construction of numerous projects is underway. However, despite the supply...
Email

E-Services Agreement Signed between Oman Ministry of Housing & Bahwan Cybertek

Sheikh Saif bin Mohammed Al Shabibi, Minister of Housing, Oman inked an agreement with Bahwan Cybertek. The agreement, signed in coordination with Information Technology...
Email

Damac Sees Profit Sink 94%

(Bloomberg) -- Profit at Dubai-based Damac Properties plummeted in the first quarter as the company grapples with a slowdown in demand for real estate in...
Email

Property Slowdown Beckons as Next Risk for Emerging Markets

(Bloomberg) -- As growth worries and trade war jitters threaten to spoil any rebound for emerging markets in 2019, property markets are shaping up...
Email

Samsung Bets It Can Sell Smart-Home Tech by Building the Homes

For years, Samsung has pitched customers internet-connected TVs, refrigerators, and other cornerstones of the home re-imagined for the data-overload era. Now the South Korean...
Email

Warren Buffett Bets on Dubai Property

(Bloomberg) -- Warren Buffett’s real estate brokerage is expanding into the Middle East with an office in Dubai.Berkshire Hathaway HomeServices Gulf Properties will be...
Email

Abu Dhabi Lets Foreigners Own Land

(Bloomberg) -- Abu Dhabi will allow foreigners to own the land under their homes and offices for the first time as the emirate looks for...
Email