Real Estate


45 per cent of projects planned in the Gulf currently under construction in UAE

Forty-five per cent of projects planned in the Gulf, which have a total value of USD 930 billion, are currently under construction in the UAE, according to recently published reports, thereby asserting the country’s leading position in terms of developments and project activity in the region.

Saudi mortgage market primed for action

It is the world’s largest oil exporter and the biggest economy in the Gulf, but only one in five of its citizens owns a home.

UAE firm eyes Gulf property with U.S. partner

ABU DHABI, June 15 (Reuters) - Abu Dhabi-based Gulf Capital said on Monday it plans to enter the property sector in the Gulf in partnership with a U.S. firm to tap growing demand and take advantage of lower prices.

Gulf builds hotels worth $140 bln amid crisis-study

DUBAI,(Reuters) - Gulf Arab countries have more than $140 billion worth of hotel projects under construction, with just 19 percent being suspended or canceled as the industry faces a global slowdown, a survey showed on Sunday.


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