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Issue No 346 - July 04, 2011
UAE property investors to get 3-year visa
The United Arab Emirates has extended visas for real estate investors to three years from six months, the state news agency Wam said, as the country looks to boost investment in its struggling property market.
UAE developers see market boost from new rules
A decision to extend visa tenures for real estate investors will 'significantly' boost investor confidence in the UAE's struggling property sector, the head of the country's largest developer said.
Injaz chooses Jacobs for Marina project
Top Saudi developer Injaz Development has selected US-based Jacobs Engineering Group to provide infrastructure and construction supervision services for its Marina project in Saudi Arabia. more
Bahrain developers launch new website
Bahrain Property Developers Association (BaPDA) has announced the launch of its new website designed to enhance user knowledge and provide relevant and current information. more
$450bn projects 'to boost GCC property investments'
The government spending on GCC infrastructure projects worth $452 billion will begin to resonate in regional property markets within the next 12 months, according to leading regional developer Damac Properties. more
Damac unveils Jeddah residences project
Damac Properties, one of the largest luxury developers in the Middle East, is using London’s iconic ‘Harrods’ store to showcase its ‘Damac Residences with Versace Home Interiors’ project in Jeddah from July 4 to 31. more