News tagged "Real estate"

Seef Properties registers net profit of US$ 6.78 mn for Q3

Seef Properties registers net profit of US$ 6.78 mn for Q3

5th November 2018

According to *Tradearabia news report, Seef Properties, the leading integrated real estate development company in Bahrain, has registered a net profit attributable to the shareholders of the parent of BD2.57 million ($6.78 million) for the third quarter, down 2.5 per cent over BD2.64 million ($6.97 million) for the same period last year.[..]

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Lootah breaks ground on its upcoming residential building “The Edge”

Lootah breaks ground on its upcoming residential building “The Edge”

8th October 2018

According to *MENA Herald news report, Lootah Real Estate Development, one of the region’s prominent modern real estate developers, today broke ground on its upcoming residential building “The Edge”, making it the latest addition to the properties owned and developed by the company in Dubai Investment Park.[..]

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Dubai continues to generate strong demand for premium office space

Dubai continues to generate strong demand for premium office space

1st October 2018

According to *MENA Herald News report, Dubai continues to generate strong demand for premium office space according to new data released by global real estate consultancy firm CBRE. Total office stock in the emirate stood at 9.21 million sqm of gross leasable area (GLA) in the first half of 2018.  This represents a 14% rise from levels recorded during the same period in 2014. Recent completions in the market further highlight the increased focus on Grade A office space – a trend which is likely to continue with the expected delivery of 1.1 million sqm of new GLA between Q3 2018 and 2020.[..]

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UAE real estate sector under tremendous pressure in 2018

UAE real estate sector under tremendous pressure in 2018

28th September 2018

According to *Tradearabia news report, with residential rents maintaining a downward trajectory during the third quarter, the UAE real estate sector is under tremendous pressure this year and this trend is likely to spill over into early 2019, according to Asteco, the UAE’s largest property services company.[..]

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