Search Site

Real Estate

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.
  • 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...
  • Dubai realty market records realty deals worth $435m Tuesday

    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...
  • Innovations keep manufacturers going in Middle East

    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 records weeklong realty transactions worth $2.49 billion

    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 records realty transactions worth $517 million: Land Department

    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...
  • GCC banks cash in on high deposits, rising oil prices

    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.
  • Oil and gas sector fuels demand for industrial space in Dubai

    Ecommerce operators, who have seen an acceleration in activity post the onset of the pandemic, have further expanded their operations.
  • Dubai records over US$653m in realty transactions on Monday

    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...
  • Saudi PIF launches new company to digitize real estate sector

    The Public Investment Fund has launched a new company aiming to digitize and develop the local real estate sector through a comprehensive digital platform.
  • Saudi’s investment funds’ assets fall by 11 percent in Q2

    Investment funds hold both local and foreign assets.
  • Gen Z changes rules of the game for realty sector

    Property developers are imitating their peers in retail and hospitality and catering to the tech savvy Gen Z tenants and homeowners with more personalized products and services.
  • Dubai records weeklong real estate transactions worth $2 billion

    Dubai, UAE--Dubai's real estate market recorded a total of 2.593 transactions worth AED7.4 billion ($2 billion) during the week ending Friday, according to statistics from the Dubai Land Department. The statistics showed that 320 plots were sold for AED1.75 billion, and 1,720 apartments and villas were sold for AED3.55 billion....
  • Weeklong real estate deals worth $2.3 billion recorded in Dubai

    Dubai recorded a total of 2,739 transactions with a combined value of AED8.4 billion ($2.3 billion) during the week ending Aug. 26, the Dubai Land Department (DLD) said. The transactions included the sale of 274 plots for AED1.36 billion and 1,902 apartments and villas for AED4.35 billion. The biggest deal...
  • Dubai real estate market’s July performance best in decade

    Dubai real estate market recorded a total of 7,092 transactions in July 2022, which is its best performance in the past decade, said Mo’asher, the emirate’s official Sales Price and Rental Performance index. Mo’asher said the figure demonstrates a significant increase in the overall performance of the sales transaction volume...
  • Real estate deals worth $381 million recorded in Dubai Tuesday

    Dubai real estate market recorded deals worth AED1.4 billion ($381 million) on Tuesday, including 387 sales transactions worth AED1.15 billion. The transactions also included 68 mortgage deals of AED149.38 million, and 85 gift deals amounting to AED140.85 million, data released by Dubai's Land Department (DLD) showed. The sales included 336...
  • Dubai records real estate deals worth $472 million on Monday

    Dubai recorded real estate transactions worth AED1.7 billion ($472 million) on Monday, which included 562 sales transactions worth AED1.42 billion. The transactions included 75 mortgage deals of AED271.02 million, and 42 gift deals amounting to AED94.62 million, data released by Dubai's Land Department (DLD) showed. The sales included 520 villas...
  • 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’s high-end luxury real estate market prospers

    The emirate’s upper market real estate sector is not something just anyone can develop. It requires large investments and a full-fledged team who can deliver a quality 360 solution to buyers. It is a profitable sector with growing opportunities for those able to enter the industry, Comerford highlights.
  • Emaar H1 revenue 3.69 billion

    H1 2022 EBITDA up 66 percent $1.6 billion.
  • 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.
  • Dubai realty market records deals worth $653 million on Tuesday

    Dubai real estate market recorded 436 sales transactions worth AED971.4 million ($264 million), in addition to 101 mortgage deals of AED1.38 billion, and 17 gift deals amounting to AED55.13 million on Tuesday, data released by Dubai's Land Department (DLD) said. The sales included 360 villas and apartments worth AED738.88 million,...
  • UAE issues new guidelines for real estate transactions

    The Ministry of Economy (MoE) and the Ministry of Justice (MoJ), in partnership with the UAE Financial Intelligence Unit (FIU), have announced new regulations aimed at certain real estate transactions conducted in the UAE.
  • Jordan real estate trade grows by 20% to $4.41 billion

    Jordan has posted a twenty percent rise in real estate trade to $4.41 billion during the first seven months of 2022.
  • 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.
  • Dubai records realty deals worth $241 million on Wednesday

    Dubai recorded realty transactions worth AED888 million ($241 million) on Wednesday. The real estate market in the emirate recorded 310 sales transactions worth AED668.1 million, in addition to 86 mortgage deals of AED163.78 million, and 18 gift deals amounting to AED56.24 million, data released by Dubai's Land Department (DLD) showed....
  • Dubai most transparent Arab real estate market

    The emirate was ranked 31st in the world on the Global Real Estate Transparency Index 2022, which is based on a global survey.
  • Dubai’s real estate market sales transactions reach US$6.2bn

    Dubai’s real estate market recorded 8,897 sales transactions worth US$6.2 billion approx (AED22.75 billion), the highest volume of sales transactions for June in the past nine years, according to Mo’asher, Dubai’s official sales price and rental performance index.
  • Aldar Properties profit up 44 percent

    Net Profit of Aldar in Q2 2022 amounted to $229 million.
  • Saudi center to auction industrial properties in Riyadh

    Saudi Arabia's  Center for Attribution and Liquidation "Infath" will auction quality real estate in Riyadh on  August 1, a media report said. The auctions offer 14 industrial real estate assets in eastern Riyadh, with large total areas estimated at more than 80,000 square meters. The real estate consists of three...
  • Abu Dhabi records $6.13bn of real estate transactions in H1 2022

    Abu Dhabi's real estate market sustained growth driven by investor optimism, recording 7,474 property transactions amounting to over US$6.13 billion (approx) as per the latest report released by the Department of Municipalities and Transport (DMT).
  • Dubai records real estate transactions worth $296m on Thursday

    Dubai real estate market recorded 379 sales transactions worth AED1.09 billion ($296 million), in addition to 96 mortgage deals of AED319.78 million, and 18 gift deals amounting to AED35.4 million on Thursday, data released by Dubai's Land Department (DLD) showed. The sales included 359 villas and apartments worth AED755.34 million,...
  • China urges lenders to extend credit to property sector

    China's banking regulator has urged lenders to extend more credit to real estate developers, as a growing number of homebuyers withhold mortgage payments on unfinished housing projects across 50 cities.
  • Sharjah records real estate transactions worth $517 million in June

    A total of 747 real estate sales in 106 areas valued at $517 million were recorded in Sharjah in the month of June 2022, according to a report by Sharjah Real Estate Registration Department (SRERD). The total number of real estate transactions was 2,521, including 358 mortgage transactions worth AED...
  • Real estate transactions worth US$1.5bn recorded in Dubai

    Dubai's real estate and property transactions valued at AED 5.5 billion ($1.5 billion) during the week ending 15 July 2022. The sum of transactions was 1,614.
  • Dubai records weeklong real estate transactions worth $1.49 billion

    A total of 1,614 transactions were recorded, including 186 plots that were sold for AED 594.72 million and 1,004 apartments and villas were sold for AED 2.43 billion, according to data released by Dubai Land Department (DLD).
  • Reforms make Dubai region’s most open realty market

    Revised lending norms, focus on sustainability and improved digital services and data availability help the emirate advance in JLL's Global Real Estate Transparency Index.
  • GCC citizens look to pour investment in UK real estate

    GCC nationals are expected to pour in investments in the UK real estate market in spite of global inflation, supply-chain disruption, and hiked interest rates.
  • 17 institutions win Real Estate Excellence Award in Sharjah

    The Sharjah Real Estate Registration Department has announced that 17 institutions have won the Real Estate Excellence Award. The awards are part of SRERD's aim to consolidate Sharjah's position as one of the most attractive global destinations for investors.
  • Dubai records real estate transactions worth $435 million Wednesday

    Dubai real estate market recorded 454 sales transactions worth AED1.24 billion ($337 million), in addition to 96 mortgage deals .of AED259.02 million, and 22 gift deals amounting to AED150.27 million on Wednesday, data released by Dubai's Land Department (DLD) showed. The sales included 436 villas and apartments worth AED1.1 billion,...
  • Qatar First Bank buys Gateway Plaza

    The move aims to deepen Doha-based bank's presence in US real estate market.
  • Realty helps UAE’s economy settle into new normal

    The UAE's residential real estate market is poised to grow at a CAGR of 12.36 percent by 2026, Sharjah Sustainable City CEO Yousif Ahmed Al-Mutawa tells TRENDS
  • Qatari, Swiss firms discuss investment prospects in medical tourism

    The two countries will celebrate 50 years of diplomatic relations in 2023, which includes organizing events like car exhibitions, and promoting investments in hospitality and real estate.
  • Dubai real estate market records transaction worth $206m

    Dubai real estate market recorded 293 sales transactions worth AED 757.33 million ($206 million), including 73 mortgage deals of AED135.94 million, and 9 gift deals amounting to AED16.28 million Wednesday, data released by Dubai's Land Department (DLD) showed. The sales included 264 villas and apartments worth AED507.79 million, and 29...
  • Qatari businessmen to explore investment opportunities in Egypt

    The Qatari Businessmen Association discussed investment cooperation with Mohamed Abdel-Wahab, CEO of Egypt’s General Authority for Investment and Free Zones. On a visit to Doha, Abdel-Wahab agreed on coordinating field visits to the Qatari business community to Egypt to discuss investment opportunities. Abdel-Wahab reviewed the investment opportunities for Qatari investors,...
  • Saudi authority to hold real estate auctions in Riyadh, Madinah

    Saudi Arabia's Center for Attribution and Liquidation, or Infath, has said that between June 7 and 15, it will be holding five public real estate auctions in Riyadh and Madinah, with areas exceeding 100,000 square meters. Auctions display 117 real estate assets, including commercial, residential, and agricultural lands, villas, and...
  • Shell to build fuel stations in Saudi

    Wafi will also operate car services for Shell Global in  the kingdom.
  • Qatar First Bank exits its first real estate investment in Baltimore

    Qatar First Bank (QFB) has announced the successful exit of Jefferson Square, its first syndicated real estate investment located in the heart of Baltimore, Maryland, USA. QFB acquired Jefferson Square, a class A multifamily residential building, in June 2017 as part of its Sharia compliant real estate investment program, Qatari...
  • Dubai records $2.36 billion in weeklong real estate transactions

    Dubai has recorded 2,884 real estate and properties transactions at the value of AED8.7 billion ($2.36 billion) in total during the week ending 27 May 2022, according to Dubai Land Department (DLD). The DLD weekly report said that 297 plots were sold for AED1.59 billion, as well as 2,116 apartments...
  • ENBD REIT rental income down 19.7 percent

    Occupancy of its portfolio up 80 percent in the year ending 31 March 2022.
  • April Dubai real estate sales highest monthly on record in 10 years

    Dubai real estate market recorded 445 sales transactions worth AED 1.06 billion and 76 mortgage deals of AED 1.09 billion ($296 million), in addition to 10 gift deals amounting to AED 23.91 million Wednesday, data released by Dubai's Land Department (DLD) showed. The sales included 411 villas and apartments worth...