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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...
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Emaar 9M revenue at US$5.1bn
Robust property sales helped firm enhance revenue. -
Residential properties in UAE remain key attraction for international real estate investors
Experts attribute the main reasons for the increase in the real estate demand to the UAE government's numerous initiatives and the high income level of investors. -
Dubai’s real estate builds on AI to boost sales
Investors and brokers are becoming more confident as the emirates's innovative systems keep tabs on the skyscrapers and the units available for housing and renting. -
Dubai records realty transactions worth US$1.8bn in week
A total of 2,401 real estate transactions worth US$1.8 billion (AED6.7 billion) were conducted during the week ending September 23, 2022, according to figures released by the Dubai Land Department. -
KHC’s profit vaults by 1,162%
Kingdom Holding Co. posted $1.7 billion profit in H1. -
China slashes lending rates to spur economic growth
Battered by the government’s zero-Covid policy and a slump in the property market, China’s central bank cut benchmark loan rates in order to boost economy. The one-year Loan Prime Rate was reduced from 3.7 percent to 3.65 percent, according to the People's Bank of China. -
Weeklong real estate transactions in Dubai amount to $2.8bn
The real estate and properties transactions valued at $2.8 billion (AED10.3 billion) in total during the week ending 19 August 2022. The sum of transactions was 3,149. -
Dubai records $2.6bn real estate transactions in week
A total of 2,433 real estate transactions worth $2.6 billion (AED9.7 billion) were conducted during the week ending 12th August, 2022, according to figures released by the Dubai Land Department. -
Lebanese judge orders seizure of MPs’ property over port blast
The two former ministers Ali Hassan Khalil and Ghazi Zeaiter had been summoned for interrogation by the judge investigating the blast. However, the investigation into the cause has been stalled amid political interference and no state official has yet been held accountable. -
GCC investors turn to realty to hedge against inflation
The real estate sector in the Gulf region is set to accelerate in the second half of the year as regulations effectively mitigate the market cycle swings, especially during inflation. -
Dubai’s weeklong real estate transactions total $1.4bn
In Dubai, the real estate and properties transactions valued at $1.4 billion in total during the week ending 05 August 2022. The sum of transactions was 2,247. -
Al Zamil buys tower for $133m
The saudi developer bought the residential tower in Makkah. -
Arada H1 property sales up
The developer sold homes valued at $405m in Sharjah. -
Select Group buys hotel in UK
The purchase is part of Dubai-based firm's expansion plan. -
Arada issues $350m Sukuk
The deal has been listed on the London Stock Exchange. -
700-year-old samurai sword smuggled into Switzerland
Valued at $700,000, the Katana sword was discovered in a car with Swiss plates during a routine search near Zurich. -
ENBD REIT rental income down 19.7 percent
Occupancy of its portfolio up 80 percent in the year ending 31 March 2022. -
Emaar Properties Q1 profits up 241%
The firm's revenues stand at AED 6.63 billion in the first quarter of 2022. -
Should you invest in Metaverse real estate?
The economic opportunities and jobs created by the Metaverse will revolutionize how we work, socialize, play, and earn, says Sebastien Borget, COO and cofounder of The Sandbox. -
Dubai saw weeklong real-estate transactions worth $2.12bn
The total number of real-estate transactions that took place was 1,968, according to data from the Dubai Land Department. -
Dubai records realty transactions worth $463m on Thursday
The Dubai real-estate market recorded total realty transactions worth over AED1.7 billion ($463 million) on Thursday, April 14. -
Dubai records $417m worth of realty transactions on Monday
The Dubai real-estate market recorded transactions amounting to more than AED1.53 billion ($417.72 million) on Monday, April 11. -
Evergrande halts trading again
Evergrande and all its units halted trading in Hong Kong on Monday. -
Dubai sees weeklong real-estate transactions worth $1.91bn
The total number of real-estate transactions in Dubai stood at 2,131 for the week ended March 4. -
Dubai records realty transactions worth more than $430m on Monday
Dubai’s real-estate market on Monday recorded a total of 301 transactions with a total value of AED1.59 billion ($433.22 million). -
Saudi Arabia and UAE drive real estate growth in the region
Saudi Arabia and the UAE are driving the real estate market in the Middle East region with the backing of government and evolving market dynamics. -
Abu Dhabi saw real-estate transactions worth $19.47bn in 2021
The entire amount resulted from a total of a combined 14,958 sales and mortgage transactions. -
Nawy raises $5m in funding
Nawy, a Cairo-based property dealer, obtained a seed funding round of $5 million, led by the Sawiris family office. -
Saudi Tourism hires Radisson Blu to run a four-star resort
Radisson Blu has been hired to manage and operate a new four-star resort with retail stores in Al-Ahsa governorate. -
Dubai saw $1.8bn real-estate transactions last week
A total of 2,078 real-estate transactions worth AED6.6 billion ($1.8 billion) were conducted in Dubai during the week ending February 11. -
Dubai sees weeklong real estate transactions worth $1.33bn
This was the result of a total of 1,724 transactions, according to figures released by the Dubai Land Department. -
China’s property stress could shake global markets: IMF
A funding crisis battering China's big property developers could start to shake the wider economy and global markets, the IMF warned on Friday, saying deeper reforms were needed to fully curb the threat. It warned there were "concerns of negative spillovers to the broader economy and global markets". -
Evergrande undergoes rejig
A state firm official was appointed to the Chinese firm’s board. -
Dubai saw real-estate deals worth $1.23bn this week
During the week ending January 14, the transactions numbered 1,559, according to the Dubai Land Department. -
UAE cabinet endorses labor and industrial laws
Chaired by Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and Vice President, Prime Minister of the UAE, the Cabinet approved the Executive Regulations of the Federal Decree Law on Regulation of Labor Relations and the Executive Regulations of the Federal Law regarding the regulation and protection of industrial... -
Dubai enacts new law on seizure of property for public use
Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and vice president and prime minister of the UAE, issued Law No. (2) of 2022 on the expropriation of property for public use in the Emirate of Dubai. The new Law regulates the procedures for expropriating property for public use. -
Evergrande to restructure debt
It also formed a risk committee before upcoming payment deadlines. -
Dubai sees $1.9b weeklong real-estate transactions
The Dubai Land Department or DLD said the emirate saw a total of 1,850 real-estate transactions over the seven-day period. -
Emaar property sales at $5.7bn
Emaar Development sales were AED20.943 billion in Jan-Sept 2021. -
Dubai saw $1.33bn real-estate transactions over the week
The Business Bay came on top in terms of volume and value, recording 155 transactions worth AED170 million ($46.29 million). -
Evergrande shares rise
The Chinese firm has restarted work on 10 projects. -
UAE prosecutors launch probe into Union Properties
The UAE prosecutors have begun an investigation into Union Properties, the Dubai-based real estate developer, after allegations arose of the company selling property at less than its real value. -
Marjan lands $272m RAK project
Dubai Investments and Marjan have tied up for the project. -
London draws buyers from Middle East with hot property deals as fear of Covid eases
Buyers from Middle East have been scouting London for property deals in prime central London, with sales in the first eight months of 2021 surpassing those for the whole of 2020. -
Investcorp expands US holdings
Mubadala is biggest shareholder of asset manager Investcorp. -
Jordan says Pandora Papers claims ‘distorted’, security threat
Jordan has said the act of revealing the addresses of the properties, spread all across the world, owned by the king — something that some media outlets have done — “is a flagrant security breach and a threat to His Majesty’s and his family’s safety.” -
Shuaa Capital of UAE to hand over $2.7bn London property projects at year’s end
Shuaa Capital, the United Arab Emirates (UAE) based company, has said that it intends to fully complete and deliver the $2.7 billion worth of property projects in London through Northacre. -
Evergrande’s crash crunch stumps investors and homeowners alike
The once-mighty Evergrande Group has long been the face of Chinese real estate, surfing a decades-long property boom to expand into more than 280 Chinese cities as it peddled home-ownership dreams. -
Dubai property sales hit four-year high in August
The figures indicate that the property market, particularly the residential market, is recovering after hitting a low at the start of the pandemic last year. -
Own a share of Dubai property for as little as $136
If you are an investor, you can now own a share of Dubai property for as little as $136.