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,...

Dubai, UAE--Dubai recorded real estate deals worth AED2.3 billion ($518 million) on Monday, according to Dubai Land Department figures. The deals included 457 sales transactions worth AED2.02 billion, in addition to 79 mortgage deals of AED202.61 million, and 11 gift deals amounting to AED85.32 million. The sales included 407 villas...

Beijing, China--China Evergrande has pledged to repay its debt this year, as the property giant faces a restructuring following Beijing's crackdown on excessive borrowing and rampant speculation in the real estate sector. In an email seen by AFP, chairman Hui Ka Yan told staff that "2023 is a key year for...

Growth in the fourth quarter came in at 2.2 percent, sharply down from 4.2 percent in July-September, according to advance estimates by the trade ministry.

Many experts have also said the ban on foreign buyers -- who accounted for less than five percent of home ownership in Canada, according to the national statistical agency -- would not have the desired effect of making homes more affordable.

DUBAI, UAE  - A total of 2,790 real estate transactions worth US$2.6 billion (AED9.6 billion) were conducted during the week ending December 30, 2022, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 179 plots were sold for US$378 million (AED 1.39 billion), while...

Dubai, UAE----Dubai real estate market recorded deals worth AED1.5 billion ($408 million) on Monday, Dubai Land Department said. The deals included 515 sales transactions worth AED1.44 billion and 19 gift deals amounting to AED137.87 million. The sales included 483 villas and apartments worth AED1.14 billion, and 32 land plots worth...

In the first nine months of 2022, real estate transactions in the region totaled more than US$143bn, surpassing the full-year US$136.9bn figure during 2021, says Kamco Invest.

Dubai, UAE---Dubai real estate market recorded deals worth AED1.3 billion ($490 million) on Tuesday, said Dubai Land Department. The deals included 495 sales transactions worth AED1.32 billion, in addition to 81 mortgage deals of AED454.83 million, and 24 gift deals amounting to AED34.33 million The sales included 479 villas and...

In its Q3 review, the apex bank attributed the upward review to the robust performance of some non-oil sectors, including tourism, hospitality, real estate and manufacturing.

Ajman, UAE-- The Department of Lands and Real Estate Regulation in Ajman recorded 1121 real estate transactions worth AED1.4 billion ($381 million) during November. Omar bin Omair Al Muhairi, Director-General of the Department of Lands and Real Estate Regulation, said the real estate market grew by 73 percent in November,...

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....

Sharjah, UAE--- Sharjah has witnessed a 68 percent increase in female entrepreneurs recently and as the market grows and expands, it will continue cultivating an environment that is inclusive and supportive, said Maryam Bin Al Shaikh, Director of the Sharjah Business Women Council. She was speaking on the opening day...

Sharjah, UAE-- A total of 2,813 real estate transactions valued at AED 2.7 billion ($735 million) were recorded in Sharjah during November, compared to AED 1.9 billion in October, the Sharjah Real Estate Registration Department (SRERD) said Friday. Of these, 650 were sale transactions, constituting 23.1 percent, while mortgage transactions...

Dubai, UAE - Dubai South and Evocargo will launch UAE’s first autonomous vehicle trials for cargo at the master development’s Logistics District. Media reports said the move is a step towards Dubai’s ambition to become world’s smart mobility hub. The trials will see EVO.1, Evocargo’s unmanned electric logistics vehicle, navigate...

Riyadh, Saudi Arabia---Saudi Arabia’s Real Estate Development Fund has launched a program to provide short and medium term financial facilities to real estate finance companies, which will in turn facilitate the kingdom’s initiative to provide affordable housing to its residents. The kingdom aims to raise the percentage of home ownership...

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.

Dubai, UAE --Dubai recorded a total of 3,186 real estate transactions worth over AED 9.1 billion ($2.48bn) during the week ending 9 December 2022, Dubai Land Department (DLD) said. The DLD report noted that 419 plots were sold for AED 2.24 billion ($610m), while 2,233 apartments and villas were purchased...

Dubai, UAE--- Dubai real estate market recorded deals worth AED1.7 billion ($462 million) on Thursday, according to Dubai Land Department. The deals included 617 sales transactions worth AED1.45 billion, in addition to 85 mortgage deals of AED257.35 million, and 19 gift deals amounting to AED34.64 million. The sales included 532 villas...

Dubai, UAE---A total of 1,600 real estate transactions worth over AED4.8 billion ($1.3 billion) were conducted during the week ending 30 Nov 2022 in Dubai, according to figures released by the Dubai Land Department (DLD). The DLD said that the emirate saw the sale of 176 plots for AED998.19 million,...

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.

The country's inflation has risen with global trends and is expected to average just over 5 percent this year, while fiscal and external surpluses have increased further, benefiting from the higher oil prices as well as the removal of the temporary COVID-crisis related fiscal support, IMF said.

Riyadh, Saudi Arabia - A Saudi real estate firm has partnered with the Trump Organization on a $4 billion golf and real estate development project in neighboring Oman, according to a stock market filing published Sunday. The deal involving the Dar Al Arkan Global Company, a subsidiary of Dar Al...

Dubai, UAE -- Dubai real estate market recorded transactions worth AED1.8 billion ($490 million) on Tuesday, Dubai Land Department said. The transactions included 553 sales transactions worth AED1.43 billion, 107 mortgage deals valued at  AED387.11 million and 12 gift deals amounting to AED43.73 million. The sales included 508 villas and...

Abu Dhabi, UAE--- Abu Dhabi's real estate market recorded a total of 4,441 transactions amounting to over AED 21.04 billion ($5.72 billion) in the third quarter, according to the latest report published by the Department of Municipalities and Transport (DMT). The DMT's quarterly showed that the emirate recorded 1,995 real...

A high number of residential and commercial units delivered in 2022 means tenant retention will become more critical, and rental rates across all major assets are expected to rise.

Dubai, UAE---Dubai real estate market recorded realty deals worth AED2.2 billion ($598 million) on Tuesday, according to the data by the Dubai Land Department. The deals include 544 sales transactions worth AED1.64 billion, in addition to 78 mortgage deals of AED590.54 million. The sales included 444 villas and apartments worth AED1.01...

Dubai, UAE---Dubai real estate market recorded transactions worth AED2.4 billion ($653 million) on Thursday, according to Dubai Land Department. A total of 842 sales transactions worth AED1.96 billion, in addition to 112 mortgage deals of AED487.55 million, and 17 gift deals amounting to AED30.97 billion were recorded during the day....

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.

Saudi government policies like 15 percent VAT exemption on real estate deals and affordable housing programs are boosting residential real estate.

Stock markets across the GCC remained less enthusiastic as oil, which fuels the region's growth, declined amidst fresh coronavirus scare.

Dubai, UAE--- Dubai real estate market recorded real estate transactions worth AED1.7 billion ($462 million) on Tuesday, Dubai Land Department said. The transactions included 425 sales transactions worth AED1.32 billion, in addition to 71 mortgage deals of AED386.7 million, and 12 gift deals amounting to AED56.77 million. The sales included...

According to an analysis based on data released by Beijing's Ministry of Finance on Tuesday, the budget shortfall for all levels of government from January to September was $980 billion, almost three times the 2.6 trillion shortfall over the same period last year.

Dubai, UAE---A total of 2,703 real estate transactions worth AED8 billion ($2.17 billion) were conducted during the week ending 21 October, 2022, according to the Dubai Land Department (DLD). A total of 147 plots were sold for AED1.12 billion, and 2,023 apartments and villas were purchased for AED4.79 billion. The...

The UAE stock market followed the trend of other markets worldwide and ended the week on a high note but the Saudi TASI index closed down 1.1 percent.

The Saudi developer will offer 20% of its shares on Nomu.

Dubai, UAE--- A total of 1,809 real estate transactions worth AED7.3 billion ($1.92 billion) were conducted during the week ending 7 October, 2022, according to figures released by the Dubai Land Department. A total of 98 plots were sold for AED975.52 million, and 1,711 apartments and villas were purchased for...

A total of 9,720 real estate sales worth $6.62 billion were recorded during the month, an increase of 69.57 percent compared to August 2021, said Moasher, which has been launched by Dubai Land Department in cooperation with Property Finder.

Dubai, UAE--Dubai real estate market recorded deals worth AED1.7 billion ($462 million) on Monday, according to Dubai Land Department. These include 498 sales transactions worth AED 1.24 billion, in addition to 80 mortgage deals of AED 444.06 million, and 12 gift deals amounting to AED65.68 million. The sales included 469...

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.

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.

Dubai, UAE-- Dubai real estate market recorded realty transactions worth AED1.1 billion ($299 million) on Thursday, Dubai Land Department said. The deals included 371 sales transactions worth AED825.36 million, in addition to 81 mortgage deals of AED231.57 million, and 18 gift deals amounting to AED48.1 million. The sales included 334...

Dubai, UAE--- Dubai real estate market recorded realty deals worth AED 1.6 billion ($435 million) on Tuesday, according to Dubai Land Deparment. These included 439 sales transactions worth AED1.25 billion, in addition to 66 mortgage deals of AED240.64 million, and 72 gift deals amounting to AED175.81 million. The sales included...

More organizations in the region are trying to turn their current challenges into advantages through innovations and by improving skills to collaborate with suppliers and allies.

Dubai, UAE---A total of 2,317 real estate transactions worth AED8.9 billion ($2.49 billion) were conducted during the week ending 16 September 2022, according to figures released by the Dubai Land Department. A total of 227 plots were sold for AED4.35 billion, and 1,560 apartments and villas were purchased for AED3.44...

Dubai, UAE--- Dubai real estate market recorded 344 sales transactions worth AED1.77 billion ($481 million), in addition to 67 mortgage deals of AED115.99 million, and 48 gift deals amounting to AED63.51 million on Tuesday, data released by Dubai's Land Department (DLD) showed. The sales included 286 villas and apartments worth...

Rising oil prices, which have proved to be a windfall for governments and companies in the upstream sector, has strengthened balance sheets of the region's banking sector.

Ecommerce operators, who have seen an acceleration in activity post the onset of the pandemic, have further expanded their operations.

DUBAI, UAE - Dubai real estate market recorded 568 sales transactions worth US$373 million (AED1.37 billion) on Monday, data released by Dubai's Land Department (DLD) showed. Additionally 93 mortgage deals of $53 million ( AED197.58 million) and 23 gift deals amounting to $233 million (AED858.27 million), the DLD revealed. The...

The Public Investment Fund has launched a new company aiming to digitize and develop the local real estate sector through a comprehensive digital platform.