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Middle East Real Estate News
Newsletter from Eqarat.com
Issue No 355 - November 14, 2011
Jeddah residential rents up 14pc
The residential market in Jeddah gained momentum during the third quarter with the rental levels registering a 14 per cent growth over the year to date, said a report by property expert Jones Lang LaSalle.
Rolex Tower wins top award
The 235-m high Rolex Tower in Dubai, designed by SOM, has been named ‘Overall Project of the Year’ at the Middle East Architect Awards 2011.
Riffa Views delivers 555 villas
Riffa Views, Bahrain’s premium golf residential development, has handed over 555 villas which represents over 72 percent of its sales. 
Global office rents 'up for seventh quarter'
The prime office rents across 81 global markets have risen for the seventh consecutive quarter reflecting an 8.2 per cent uplift since the bottom of the market in fourth quarter of 2009 and a 5.5 per cent increase year-on-year, said a report.
Aldar Q3 profits rise, books January land sales
Aldar Properties'  reported high third quarter profits on Thursday, the third consecutive quarterly increase after massive losses in 2010, as the Abu Dhabi-based developer booked gains from a January land sale to the government.    
Conference to highlight Kuwaiti projects
Opportunities in Kuwait’s $13.4 billion projects market will be in the spotlight at the Kuwait Energy and Infrastructure Projects 2011, a four-day conference being hosted by Meed, a primary source of business intelligence for the Middle East.

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