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Issue No 357 - November 28, 2011
Kuwait real estate sales up 11pc
Kuwaiti real estate sales recovered in September registering a 11.2 per cent year-on-year growth to hit KD199.5 million ($722 million) after slowing down in August mainly due to Ramadan, said a report.
Mena home finance set for good growth
The Mena mortgage market is set for double digit growth, experts concluded at the Mena Mortgage and Affordable Housing Congress in Bahrain.
IBQ, NBK launch new property finance solution
IBQ and National Bank of Kuwait (NBK) launched a joint property finance solution that will allow customers to own properties outside Qatar. more
Sorouh rolls out new rental promotion
Abu Dhabi-based Sorouh is offering the tenants of its 65-storey Sun Tower, part of the Shams Abu Dhabi master development on Al Reem Island, an option of 10 per cent cash back or six weeks rent-free under a new promotion. more
Talaat Mostafa land deal valid: court
Developer Talaat Mostafa Group's land contract for its Madinaty project is valid, an Egyptian court ruled, signalling an end to a long-running legal battle over the $3 billion scheme. more
Damac tops out Dubai residence tower
Leading property developer Damac Properties said it has topped out its ‘Suburbia’ residential development at Downtown Jebel Ali in Dubai. more