• Real estate deals worth $23bn recorded in Abu Dhabi in 2023: ADREC

    Abu Dhabi, UAE -- Real estate deals worth AED 87.1 billion ($23.71 billion) were recorded in Abu Dhabi during 2023, according to the Abu Dhabi Real Estate Centre (ADREC), a dedicated affiliate of the Department of Municipalities and Transport (DMT). The value of buying and selling activities surged by 159.5...
  • Sharjah real estate transactions hit $844 million in February: Report

    Sharjah, UAE -- Sharjah witnessed real estate deals worth AED 3.1 billion ($844 million) in February 2023, according to the Real Estate Transactions and Mortgages Movement report issued by the Sharjah Real Estate Registration Department. The report said the results indicate that the real estate sector in Sharjah continues to...
  • Binghatti lists sukuk on Nasdaq Dubai

    The debut issue of the company is valued at US$300m.
  • UAE real estate sector transforms with cross-border payments revolution

    Dubai, UAE - Leading financial institutions are spearheading a transformative wave in the UAE real estate sector through the introduction of seamless cross-border payments. The initiative is poised to enhance accessibility and efficiency for global investors seeking to engage in property investment within the UAE.  Traditionally, the process of investing...
  • China cuts key mortgage rate to boost economy

    China last year recorded one of its worst annual growth rates since 1990, dampening hopes for a rapid economic recovery following the end of draconian Covid restrictions in late 2022. In January, consumer prices fell at their quickest rate in more than 14 years, piling pressure on the government to...
  • Abu Dhabi Judicial Department’s Auction App generated $925m in property sales

    Abu Dhabi, UAE - Since its launch in June 2022 through mid-February 2024, the Abu Dhabi Judicial Department's (ADJD) Auction App has generated over AED3.4 billion ($925 million) in sales. In more detail, 333 properties worth AED3,401,835,871 ($926,361,975), have been sold in addition to 1013 vehicles valued at AED78,277,025 ($21,334,933),...
  • Dubai Land Department records $172bn in realty deals in 2023

    Dubai, UAE -- The Dubai Land Department (DLD) records an all-time high of 1.6 million transactions worth AED 634 billion ($172 billion) in 2023. The value of transactions increased by 20 percent and the number of transactions surged by 36 percent. Real estate investments' value grew by 55 percent during...
  • Qatar records real estate deals worth $100 million in five days

    Doha, Qatar -- Qatar has recorded real estate transactions worth 378 million QR ($100 million) during the 21-25 Jan 2024 period, according to the emirate's Department of Real Estate Registration at the Ministry of Justice. Also, total sales contracts for residential units for the same period were QR 21.36 million,...
  • Dubai records weeklong real estate transactions worth $3.13 billion

    Dubai, UAE -- Dubai recorded real estate transactions valued at AED 11.5 billion ($3.13 billion) during the week ending 2 Feb 2024. The sum of transactions was 3,677. A total of 192 plots were sold for AED 2.61 billion, 2,699 apartments and villas were sold for AED 5.75 billion. The...
  • Dubai records weeklong real estate deals worth $3.86 billion

    Dubai, UAE -- The real estate and properties transactions valued at AED 14.2 billion ($3.86 billion) in total during the week ending 26 January 2024. The sum of transactions was 4,123. A total of 312 plots were sold for AED 2.95 billion, 2,696 apartments and villas were sold for AED...
  • Deals worth $26.66 billion signed at Real Estate Future Forum 2024

    Riyadh, Saudi Arabia -- Deals worth more than $26 billion were signed at the Real Estate Future Forum 2024, which ended Wednesday. Over 50 agreements and memoranda of understanding (MoUs) were signed during the event that focused on discussing new innovations, key challenges, emerging trends, and sustainable financing solutions in...
  • Dubai real estate market records $925 million in daylong transactions

    Dubai, UAE -- Dubai's real estate market recorded 510 sales transactions worth AED1.36 billion on Tuesday, in addition to 210 mortgage deals totaling AED1.95 billion, and 30 gift deals amounting to AED165.56 million, data released by Dubai's Land Department (DLD) showed. The sales included 446 villas and apartments worth AED949.04...
  • ACRES 2024 concludes, deals worth $381 million inked

    Sharjah, UAE -- Real estate deals worth more than AED 1.4 billion ($381 million) were inked at ACRES 2024, organized by the Sharjah Chamber of Commerce and Industry (SCCI) and Sharjah Real Estate Registration Department (SRERD). The exhibition, which was held from Jan 17-20, was attended by citizens, residents, investors,...
  • China’s economic recovery stalls as growth flags

    The country's national bureau of statistics said that GDP grew 5.2 percent to hit 126 trillion yuan ($17.6 trillion) as the country battled a crippling property crisis, sluggish consumption and global turmoil. Official GDP figures remain a key source of insight into the health of the world's second-largest economy.
  • Sales of $10m-plus homes in Dubai grow by record 92% in 2023

    Dubai, UAE -- The total number of US$10 million plus home sales in Dubai grew by 92.4 percent to 431 sales during 2023, according to analysis carried out by global property consultancy, Knight Frank. The total value of sales above this price point grew by 91 percent last year to...
  • Dubai records $2.74 billion in weeklong real estate transactions

    Dubai, UAE -- The real estate and properties transactions valued at 10.1 billion ($2.74 billion) in total during the week ending 12 January 2024. The sum of transactions was 2,910. A total of 209 plots were sold for AED 2.19 billion, 2,100 apartments and villas were sold for AED 4.84...
  • Qatar records $222m in realty deals: Registration department

    Doha, Qatar -- The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice during the period from 31 December to 10 January 2024 reached 791 million QR. Total sales contracts for residential units in the Real Estate Bulletin for...
  • Dubai records $1.57 billion in weeklong real estate transactions

    Dubai, UAE -- A total of 1,721 real estate and properties transactions valued at AED 5.8 billion ($1.57 billion) were conducted during the week ending 5th January, according to the Dubai Land Department (DLD). The DLD weekly report said that114 plots were sold for AED 1.36 billion, 1,183 apartments and...
  • ESG buys 60% stake in AFKAR

    Emirates Stallions Group is an IHC subsidiary.
  • $661m plot of land among weeklong real estate deals in Dubai

    The emirate recorded a total of 3,785 real estate transactions worth AED 16.6bn ($4.51 billion) during the week ending 22 December 2023. Palm Jabal Ali recorded the most transactions for this week with 35 sales transactions worth AED 850.21 million.
  • Qatar records real estate transactions worth $400 million in Nov

    Doha, Qatar -- Qatar reported a total of 321 real estate transactions worth QR 1.46 billion ($400 million) in November 2023, with the index of sold real estate increasing by 10 percent and the index of traded areas by 7 percent. Top-performing municipalities in financial value included Doha, Al Rayyan,...
  • ROSHN, Retal sign $99m deal

    363 single-family villas will be constructed in Riyadh.
  • China begins probe into indebted asset management firm

    Zhongzhi Enterprise Group managed assets worth more than one trillion yuan ($141 billion), according to investment bank Nomura. But the group has been caught up in China's real estate crisis, leaving it now unable to repay investors.
  • Dubai Land Department calls for engaging accredited valuation offices

    DUBAI, UAE – The Dubai Land Department (DLD) is committed to providing property owners with easily accessible resources to reinforce transparency within the real estate market and promote adherence to relevant laws and regulations. The official list of accredited companies and valuation offices is available on DLD’s official website (dubailand.gov.ae)...
  • Intrinsic values, futuristic strategies elevate Dubai

    Dubai's evolution from a simple fishing village to a premier global tourist hub is credited to its innate advantages, deliberate investments, and cohesive destination development.
  • Dubai records weeklong real estate deals worth $3.51 billion

    Dubai, UAE -- A total of 1,659 real estate transactions worth over AED 12.9 billion ($3.51 billion) were conducted during the week ending 13th October 2023, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 297 plots were sold for AED 5.08 billion, while...
  • Germany’s housing sector slumps into crisis

    Scholz's government had promised to build 400,000 homes a year to alleviate an endemic housing shortage made worse by burgeoning demand from an inflow of refugees and foreign workers. But building permits have nose-dived 25 percent between January and June compared to a year ago.
  • Aldar Estates buys FAB Properties

    Aldar Estates will benefit from a stable growth pipeline.
  • Protection pact for Yemeni cultural assets extended with US support

    Dubai, UAE-- Yemen and the US have signed an agreement to renews and extend protections for Yemeni cultural property that were put in place in 2020 on an emergency basis. According to the US State Department, the deal was signed by US Assistant Secretary of State for Educational and Cultural...
  • Egypt building collapse kills eight residents in capital

    According to state media and the public prosecution, eight people including seven members of one family were killed in Cairo when a residential building collapsed. Civil defense workers pulled out nine people, among them an injured woman, while the eight others were dead, adding that five people got out in...
  • Arada H1 sales $1.15bn

    The company witnessed a 186 percent increase in sales.
  • Dubai records weeklong real estate transactions worth $3.02 billion

    Dubai, UAE -- A total of 3,321 real estate transactions worth AED11.1 billion ($3.02 billion) were conducted in Dubai during the week ending 26th May 2023, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 220 plots were sold for AED 2.54 billion, 2,398...
  • Abu Dhabi’s property market records sales worth US$7.62bn in Q1

    Abu Dhabi, UAE--The property market in Abu Dhabi has recorded 5,472 property sales and mortgages valued at US$7.62 billion in the first quarter of 2023 as against 3,304 transactions worth $ 3.07 billion during the same period in 2022, according to official data released by the Department of Municipalities and...
  • China’s property market buzzes with excitement after record slump

    Beijing, China--Pummelled by a housing crisis that caused a record-breaking slump last year, some Chinese property developers are starting to see light at the end of the tunnel, but analysts warn the sector is still on course to slow down in the long term. The real estate industry grew at lightning...
  • Evergrande signs restructuring agreement with international creditors

    Hong Kong, China--Chinese property developer Evergrande said it has entered into a restructuring agreement with a group of international creditors, in what could be a breakthrough deal toward easing the developer's massive debt. Once China's largest real estate company, Evergrande was found in 2021 to be drowning in more than $300...
  • Alistithmar Capital, Safa Investment set up real estate funds worth US$293m

    Riyadh, Saudi Arabia--Alistithmar Capital has joined hands with Safa Investment Co. to set up several real estate funds worth around $292.9 million.    The two companies will combine their strength to enable Saudi Arabia's growth in the real estate sector through funds that target the residential space in main cities with...
  • China sets 5% growth target in 2023, one of the lowest in decades

    Beijing, China--China on Sunday set an economic growth target of "around 5 percent" for 2023, one of the lowest in decades, as its annual National People's Congress opened in Beijing. The target was announced in a work report delivered by outgoing Premier Li Keqiang as the rubber-stamp parliament opened at the...
  • Dubai Holding acquires the iconic The Westin Paris – Vendome

    The hotel, with its ultra-prime location, is one of the most sought-after real estate assets in Paris, France.
  • Super-rich Russians lift UAE property market to record heights

    There might be a global slowdown in the property market, but thanks to Russian buyers, the UAE, in contrast, has seen a stunning growth in the sector.
  • Tourism, state spending spur real estate in KSA, UAE

    Property markets benefit as an increased demand for tourists and the rise in government spending on infrastructure projects drive the post-pandemic recovery in the region.
  • Realty growth in Saudi Arabia, UAE to build on strong private sector and robust spending via govt initiatives

    While 2022 saw record levels of demand for commercial office space as a result of ‘Programme HQ’, 2023 looks set to be dominated by the delivery of high quality residential-led mixed use schemes and a continued focus on tourism, leisure and entertainment projects, adds Burch, Partner and Head of Real...
  • Increasing pressure from Saudi real estate projects to force Dubai to develop more distinctive offerings

    At the moment, the market is solidly Dubai, which is recognised as the world leader in branded residential offerings with all eyes on the city’s upcoming openings. The slower approach of Abu Dhabi will be something to watch as it makes large-scale investments into the luxury sector, he adds.
  • Dubai’s records weeklong real estate transactions worth $2.44 billion

    Dubai, UAE---A total of 2,157 real estate transactions worth over AED 9 billion ($2.44 billion) were conducted during the week ending Feb 3, 2023, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that 237 plots were sold for AED 1.56 billion, with an additional...
  • China expected to boost global growth but uncertainties remain: IMF

    After almost three years of stringent health restrictions, Beijing in December abruptly ended the zero-Covid policy that had battered the economy and provoked widespread protests. The Asian giant posted growth of just three percent in 2022, hammered by stringent lockdowns and a deepening crisis in the key property sector.
  • Dubai realty sector posts record sales in 2022

    Real estate sector experts say facilities like Golden Visa were fueling expatriate interests in owning a property in the emirate.
  • Dubai records over US$2.72bn in weeklong real estate transactions

    DUBAI,  UAE - A total of 2,173 real estate transactions worth over US$2.72 billion (AED 10 billion) were conducted during the week ending January 6, 2023, according to figures released by the Dubai Land Department (DLD). A total of 270 plots were sold for $612 million (AED 2.25 billion), 1,903...
  • Dubai records over $762 million in realty transactions Thursday

    Dubai, UAE---Dubai real estate market recorded deals worth AED2.8 billion ($762 million) on Thursday, Dubai Land Department said. These included 516 sales transactions worth AED1.73 billion, in addition to 71 mortgage deals of AED596.74 million, and 26 gift deals amounting to AED503.85 million. The sales included 455 villas and apartments...
  • In Iraq, graft helps push property prices out of reach

    Baghdad, Iraq---Iraqi telecommunications worker Youssef Ahmed is married with a five-year-old son, but lives with his parents because he is unable to afford his own home amid soaring property prices. "Even if your income increases, it will never be up to the exorbitant prices of houses or land", said 29-year-old Ahmed,...
  • ‘Rental Disputes Center provides 9 years of stability in real estate sector’

    DUBAI, UAE -  The Rental Disputes Center (RDC), the judicial arm of Dubai Land Department (DLD), was launched to achieve social and economic stability for those involved in the real estate rental sector and other relevant fields. This helped in establishing a specialized judicial system as per a streamlined mechanism....
  • Abu Dhabi, Dubai gain as realty prices rise in UAE

    The UAE’s real estate market flourished during November as sales in Dubai alone crossed 10,000 transactions, the highest recorded since 2011, says a latest report.
  • Innovation, sustainability to boost UAE real estate demand as market recovers from coronavirus impact

    The swift recovery from the effects of Covid-19 is expected to contribute to a rise in demand for luxury real estate units in the UAE by more than 30 percent next year, says a report.