The new entity will address growing staff accommodation demand.
Dubai approves 600 housing loans worth $163m
The loans are to be provided by the Mohammed bin Rashid Housing Establishment as part of housing projects announced last year.
Evergrande vows to deliver homes
The Chinese real-estate firm has $300 billion in liabilities.
$1.03 billion Dubai housing project unveiled by Sheikh Mohammed bin Rashid
A total of 2,000 plots of land will be distributed to Emirati citizens together with 900 ready-made villas under AED3.8 billion ($1.03 billion) housing projects in Dubai. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved the projects that also include an AED 500...
Abu Dhabi gives out $2.72bn in housing loans and plots
Abu Dhabi has announced disbursement of housing loans and houses, and residential plots and the exemption of families of deceased and retirees mortgagors from loan repayments.
Oman inflation up by 3.35 percent as transportation, education prices surge
The inflation rate in Oman rose by 3.35 percent in October 2021 compared to October 2020. Local media reports, citing the latest data from the National Centre for Statistics and Information (NCSI), said the inflation rate also went up by 0.75 percent compared to September 2021. The rise of prices...
TMG of Egypt looks to take advantage of demand for housing in Saudi Arabia and Iraq
Talaat Moustafa Group, the Egyptian real estate company, is looking to expand into Saudi Arabia and Iraq to take advantage of the demand for housing there.
UAE allots $17.6bn to housing project for Emiratis in Dubai
Dubai ruler and prime minister of the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum, has given approval for the allocation of $17.6 billion to a housing program for Emirati citizens in Dubai.Dubai approves $17.7 billion over 20 years for citizens’ housing
The outlay is for the next 20 years, Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum said.
Iran’s mega housing project faces infra hurdles
The one-million housing project is part of Iran’s plan to provide a total of six million houses for its underprivileged population.Iran to build 6 million homes for underprivileged
The decision came from the country’s Constitutional Council, which is tasked with finalizing parliament legislation.
Covid-19 fails to impact realty in UAE, Saudi Arabia
While the UAE has seen a record amount of real estate sales in the first six months of 2021, Saudi Arabia has prioritized increasing the supply of housing units and strengthening partnerships with the private sector.
Iran to set up real-estate stock exchange in H2
When established, it is expected to be Iran’s fifth major stock exchange.Saudi Arabia starts $3.4bn infrastructure projects in Tabuk region
The projects in the Tabuk region will include initiatives related to housing, transportation, environment, and agriculture.Saudi Arabia National Housing and Bank Albilad in $533 m deal for infrastructure
The deal is part of the Saudi Vision 2030 to give more ownership of homes to Saudi families CEO Bank Albilad Abdullah AlOnaizan said the bank has assets of $26.66 billion Saudi Arabia National Housing Company and Bank Albilad have teamed up to sign a SR 2 billion ($533 million)...
