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Issue No 342 - June 07, 2011
Dubai studies new property visa
Realtors optimistic about implications of proposal but are wary about costs involved.
Dubai is studying the enforcement of a new residence visa system for property owners, sources from the government confirmed on sunday.
First Bahrain inks new tenancy deal
First Bahrain, a leading real estate developer in the Kingdom, said it has signed a new tenancy agreement with Elie & Jean Hair Products Accessories Company for its flagship project Majaal Warehouse Company.
Damac sees Jebel Ali project on track
Damac Properties, a leading developer in the Middle East, said it has reached the third level of its ‘Suburbia’ residential development adjacent to the Jebel Ali free zone. more
Naseej 'committed to affordable housing'
Naseej shareholders endorsed the company's strategic priority to address the affordable housing needs of Bahrain at its second annual meeting. more
Kuwait NREC plans bonds sale
Kuwait's National Real Estate Company (NREC) is looking to sell conventional or Islamic bonds to reschedule debt, its chief financial officer said. more
Fraser Suites sees jump in May occupancy
Fraser Suites Seef, a leading luxury serviced apartment brand in Bahrain, has reported that occupancy levels witnessed a steady upward trend over the past few weeks, reaching a high of 48 per cent in May. more