28 Jun 2026

ECOS Dubai Hotel at Al Furjan has launched a summer hospitality campaign featuring a half-board accommodation package and a Dubai Summer Surprises (DSS) direct-booking discount. The initiative is aimed at families, couples and UAE residents seeking affordable staycation options during the summer season. The hotel's "ECOS Summer Escape 2026 with Half Board" package starts at AED 299 per night, excluding tourism fees, and includes accommodation, meals and leisure access. Alongside the package, guests booking directly through the hotel's website can receive discounts of up to 30% on the best available room rates as part of the wider DSS tourism programme. The offer is available for a limited period during the summer months.Read more

28 Jun 2026

UK-based property fund manager First Property Group reported a 12.2% year-on-year increase in profit before tax for the financial year, supported by higher rental income, gains from property sales and lower operating costs. The company's diluted earnings per share rose 10.4% to 1.81 pence, while profit before tax reached GBP 3.40 million. Following the improved performance, the company proposed a final dividend of 0.25 pence per share, marking the return of shareholder payouts. Management said market conditions remain challenging but sees attractive investment opportunities and maintains a positive outlook.Read more

27 Jun 2026

The US Federal Reserve has found that the country's 32 largest banks remain well-capitalised and capable of withstanding a severe economic downturn while continuing to lend. The annual stress test showed banks could absorb more than USD 700 billion in hypothetical losses and still remain above minimum capital requirements. Following the results, several major lenders, including JPMorgan Chase, Goldman Sachs, Morgan Stanley, State Street and Wells Fargo, announced dividend increases and share buyback plans. The findings also come as regulators consider broader changes to bank capital rules.Read more

27 Jun 2026

Ladun Investment Company has signed a major infrastructure development contract for the Namar land project under the first phase of Saudi Arabia’s Real Estate Balance Program. The agreement, awarded by Al-Ayuni Investment and Contracting Company, is valued at SAR 326.7 million and will be executed by Ladun over a five-year period. The project focuses on developing key infrastructure for the Namar land area and adds to Ladun’s portfolio of construction and development assignments linked to the Kingdom’s ongoing urban expansion and real estate development initiatives.Read more

27 Jun 2026

fäm Properties has facilitated the sale of approximately 40,000 sq ft of Grade A office space at Vision Tower in Business Bay, Dubai, for AED 124 million. The transaction, described by the company as the largest commercial office deal of its kind recorded in Dubai, involved the acquisition of a contiguous block of office space spread across multiple floors by a UAE-based company. The purchase forms part of the buyer’s expansion strategy and highlights continued demand for premium office assets in established business districts. The deal also reflects sustained occupier and investor interest in institutional-grade commercial properties amid ongoing activity across Dubai’s key office markets.Read more

27 Jun 2026

Warehouse developer and landlord Segro has rejected an all-share takeover proposal from U.S.-based logistics real estate company Prologis that valued the UK firm at approximately GBP 12.6 billion (USD 16.62 billion). The proposal offered Segro shareholders new Prologis shares at a value representing a significant premium to the company's latest market price. Following the rejection, Prologis has appealed directly to shareholders and must decide by July 22 whether to submit a formal offer or withdraw its interest under UK takeover regulations. The proposed deal would have brought together two major players in the global logistics property sector.Read more

27 Jun 2026

Spain is witnessing growing demand for luxury homes from wealthy buyers in Poland, the United States and Gulf countries, as geopolitical tensions and political uncertainty encourage investors to seek stable destinations. Industry experts say conflicts in Ukraine and the Middle East, along with developments in U.S. politics, are influencing purchasing decisions. Madrid and Costa del Sol have emerged as key destinations, while rising property values, tax advantages in some regions and Spain's stable economic environment are further supporting demand. The trend is also contributing to higher housing prices in popular markets.Read more

27 Jun 2026

Consumer confidence in homeownership in the United States has improved, with a majority of respondents now preferring to buy a home rather than rent or live with family. According to Bank of America's latest Homebuyer Insights Report, this is the first time since 2023 that sentiment has shifted in favor of homeownership. While affordability challenges, elevated mortgage rates and limited housing supply continue to affect the housing market, prospective buyers appear increasingly willing to move ahead with purchase plans. Younger generations, particularly Gen Z and millennials, are driving this change in outlook.Read more

27 Jun 2026

Bahi Ajman Palace Hotel has secured several accolades at the Hozpitality Group’s Middle East Chef Excellence Awards, F&B Excellence Awards and Leaders Powerlist 2026, recognising the performance of its culinary and food and beverage teams. The hotel received individual honours across leadership, kitchen management, culinary and restaurant service categories, while its signature dining outlet, Dragon’s Place Restaurant, was named Best Dinner Venue of the Year. The awards highlight the property’s efforts to deliver quality dining experiences and strengthen its standing within the UAE hospitality sector. Senior executives and team members were recognised for their contributions to food service operations, culinary innovation and guest experience management across the hotel’s dining portfolio.Read more

26 Jun 2026

Singapore-based real estate firm OUE has partnered with Japanese investment company Tokyo Century to acquire the Crowne Plaza Changi Airport hotel for SGD 500 million (USD 385.4 million). The transaction marks the second hospitality collaboration between the two companies at Singapore's Changi Airport. The 575-room hotel, located at Terminal 3 and operated by IHG Hotels & Resorts, will be acquired through an OUE-Tokyo Century joint venture from OUE REIT. The proposed transaction is subject to approvals from Changi Airport Group and OUE REIT unitholders.Read more