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VIDEO: World’s tallest building in Jeddah, here’s how it looks now

Thursday, 8 February 2018

Construction of the world's tallest skyscraper in Jeddah is going ahead and I the $1.5 billion project is being built by the Jeddah Economic Company. The firm's chief executive Mounib Hammoud said he hopes the tower will be opened by 2020. The Jeddah Tower features residential and hotel space as well as shopping facilities. It is projected to be over 1,000 metres (3,281 feet) tall, eclipsing Dubai's Burj Khalifa, which is currently the world's tallest building at over 828 metres. Construction ...

Dubai’s Emaar earns profits in first half of 2016

Sunday, 31 July 2016

The property developer credits 40 percent of its profits to its shopping malls, hospitality and leisure businesses

WATCH: Dubai ruler opens world 1st artificial island

Wednesday, 25 May 2016

The 5,000 ton artificial island was constructed at a shipyard site in Finland and then transported by ship to Dubai in eight pieces

Iranian investment in Dubai property likely to rise

Tuesday, 1 September 2015

Dubai house prices fell 5.1 percent and apartment prices 0.6 percent in first half of 2015

Dubai launches world's 'tallest' residential tower

Tuesday, 4 August 2015

Dubai developer Meydan announced the launch of a new giant project known as “Meydan One” featuring a 711m-high tower, a huge new mall, the world’s largest indoor ski slope, the biggest dancing fountains in the world and a retractable roof. In a statement, obtained by Al Arabiya News, the company announced plans to build the new 3,671,000 square meter leisure, residential and hospitality destination.   Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, on Monday ...

Dubai major realtor shuts down due to 'worsening market'

Tuesday, 28 July 2015

S&K Estate Agents, the leading estate agent and property management company in Dubai filed for bankruptcy after going out of business with the loss of dozens of jobs. The company which traded as Smith & Ken, said in a statement, confirmed also that all 80 staff in both its Dubai and LA offices have lost their jobs. The company’s shareholders issued a statement reported by news agencies saying that it was no other choice “but to file bankruptcy and hand over accounts and any ...

Gulf stock markets plunge sharply on weak oil

Tuesday, 9 December 2014

Emaar Properties, the emirate's largest listed firm, tumbled 7.5 percent to 7.70 dirhams

Dubai’s Union Properties to lift foreign ownership cap to 25%

Monday, 24 February 2014

Foreigners currently own 4.35 percent of Dubai’s Union Properties

UAE bank lobby head calls for sanctions for new mortgage law

Sunday, 17 November 2013

The UAE is imposing new regulations to set limits on mortgage lending, an attempt to prevent another properties market crash

Khamenei controls massive financial empire built on property seizures

Tuesday, 12 November 2013

Part 1: A Reuters investigation details a key to the supreme leader’s power: a little-known organization created to help the poor that morphed into a business juggernaut worth tens of billions of dollars. The 82-year-old Iranian woman keeps the documents that upended her life in an old suitcase near her bed. She removes them carefully and peers at the tiny Persian script. There’s the court order authorizing the takeover of her children’s three Tehran apartments in a multi-story ...

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