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RAK Properties PJSC announced its financial results for the first six months (H1) of the fiscal year following its Audit Committee meeting.

The development of cinemas, along with cultural and artistic centres, will drive steady growth in Jeddah's entertainment and cultural sectors, offering developers opportunities to invest into new, diversified sectors, according to JLL's Q2 2018 Jeddah Real Estate Market report.

Giles Hannah has been named chief commercial officer, RAK Properties.

John Fekete has been appointed head, consulting services, Middle East and Africa operations at JLL, a leading global real estate investment and advisory firm.

Efforts of introducing measures to increase tourism, pilgrimage, investment and local entertainment options have continued in Jeddah, according to JLL's Real Estate Market Overview.

DAMAC Properties introduced a new villa type in an international golf community in Dubai. Designed with millennials and their families in mind, AKOYA Cuatro Villas features spacious four-bedroom units within lush green outdoor spaces.

Majlis Grand Mercure Hotel & Residences Al Garhoud and ibis Styles Al Garhoud will launch in 2018 in Dubai,

We have created a number of unique leisure-centric destinations. "[The company's first project in India]