Q3 net profit rose to AED197.9 million from AED40.97 million last year.

The Business Bay came on top in terms of volume and value, recording 155 transactions worth AED170 million ($46.29 million).

The UAE was among the first countries to return to normalcy after the pandemic and is currently hosting Expo 2020 Dubai, said Mohammed Al Tair.

Rise in net profit attributed to a slew of acquisitions.

The Chinese firm has restarted work on 10 projects.

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.

Property owners list their property on Mazad Aqari and the platform does the rest in terms of evaluating the property, marketing and sales.

The Saudi and UAE bourses saw quite some ups and downs in the week that began on Sunday, October 10.

The Middle East’s real estate sector may benefit from the return of global population movement to pre-pandemic levels in 2024.

Real estate and property transactions worth AED 7.1 billion ($1.93 billion) were recorded in Dubai during the week ending October 7, a report by the Dubai Land Department said. A total of 1,959 transactions comprised 158 plots for AED 586.15 million and 1,307 apartments and villas for AED 3.08 billion....

Mubadala is biggest shareholder of asset manager Investcorp.

DUBAI: Dubai has recorded 1,592 real estate and properties transactions worth AED6 billion ($1.6 billion) in total during the week ending September 30, according to Dubai Land Department (DLD). The DLD weekly report said 73 plots were sold for AED350.29 million, 1,080 apartments and villas were sold for AED2.74 billion....

The real-estate sector in Abu Dhabi recorded 3,425 real-estate sales transactions worth AED9.02 billion (around $2.46 billion), and 3,621 mortgage transactions worth AED14.55 billion (around $3.96 billion), according to the Department of Municipalities and Transport.

Saudi Arabia has managed to digitize some 50 million real estate documents under the Real Estate Title Digitization Initiative. It is one of the initiatives of the Ministry of Justice in the National Transformation Program.

Under the deal, EEC transferred part of its loan to PIF in exchange for company shares.

The discussions took place between the Sharjah Chamber of Commerce and Industry and the National Real Estate Committee of the Federation of Saudi Chambers on various ways to explore investment opportunities in the real-estate sector.

Saudi Arabia and the United Arab Emirates contributed about 70 percent of the total value of the Gulf Cooperation Council's real estate deals in the first half of 2021

These are the latest numbers from the 18th edition of Mo’asher, which is Dubai’s official sales price index.

Arabian Ranches, Dubailand, Dubai South, Palm Jumeirah, MBR City, Dubai Hills Estate and DAMAC Hills 2 are likely to be prime areas for villa transactions during the fourth quarter as they are receiving a lot of enquiries from the investors and end-users

The DLD weekly report said 146 plots were sold for AED 2.26 billion, 1,080 apartments and villas were sold for AED 2.25 billion

This is part of its expansion plans in the Middle East region.

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.

DUBAI: Real estate and property transactions worth AED 6.2 billion were recorded in Dubai during the week ending Thursday. Dubai Land Department said a total of 1,345 deals comprised 215 plots that sold for AED1.2 billion and 1,163 apartments and villas that went for AED 2.45 billion. The most expensive...

The number and value of mega projects set to transform the country’s real estate landscape and showcase the kingdom’s vision for an ultra-modern future to the world, says Knight Frank. Neom, a project for a smart and tourist cross-border city in the far north-west of Saudi Arabia, alone will cost...

A recent report by real estate firm Chestertons said value of residential transactions increased by nearly 50 percent during the Q2 2021 compared to the previous quarter as positive market sentiment and continued international buyer interest drove sales. Dubai’s handling of Covid-19 pandemic has supported the post-lockdown demand from international...

Timely preventive measures such as vaccination of frontline construction workers, embracing new technologies , financial stimulus packages, loan relaxation and other strategies dented the effects of Covid-19 on real estate sector.

The handover portfolio includes the final phase of the Mirdif Hills Project in Dubai and the Al Taif Business Center project in Fujairah.

Increased international interest has been a key factor in driving residential transactions to near-record levels. Dubai’s handling of Covid-19 pandemic has supported the post-lockdown demand from buyers who are drawn by visa reforms, the emirate’s quality of life and comparatively attractive pricing, according to a report.

AED 2 billion worth of properties were mortgaged, the highest being a plot of land in Al Hebiah First, mortgaged for AED 333 million.

4,384 real transactions worth AED 11.18 billion made, majority of these in secondary, ready properties.

Revenues of the UAE-based real estate firm, which is listed on the Abu Dhabi Stock Exchange, grew by 121 percent to AED265.1 million in the first half of 2021, the latest financial results have highlighted.

Al Ahmadi Governorate accounted for 67.7 percent of the 1,271 deals, followed by Hawalli and Jahra governorates.

Samana also increases its sales workforce by 55% and doubles its sales revenue in 2021.

Real-estate development company Diyar Al Muharraq has launched a training program for engineering in Bahrain

Emaar Chairman rings Nasdaq Dubai bell to celebrate $500m Sukuk listing.

Platform enables investors to buy security tokenized shares in world-class real estate on the blockchain It makes safe, fast, and frictionless real estate ownership possible with crypto or fiat currencies from as little as $1   Realsmart, a   fintech platform, has launched the world’s first global online platform enabling investors...

  Report provides banking industry leaders with analysis along with insights and forward-looking views Cost and operational efficiencies expected to remain a top priority for banks in 2021   The overall non-performing loans (NPL) ratio for the Gulf Cooperation Council banking sector has increased by 0.4% and now stands at...

This was Dubai’s highest total sales transaction value in the sector since March 2017 $12.85 billion worth 20,989 real estate sale transactions recorded from Jan to May 2021 The emirate of Dubai saw 4,429 real-estate transactions in May this year, worth around AED11.11 billion ($3.02 billion), said local reports on...

If the Real Estate General Authority pays heed to the Shoura Council, then non-resident foreigners may eventually get the right to own property in Saudi Arabia

  The new partnership will let real-estate agencies, landlords, and property management companies registered on the Ajar platform collect rent online The new platform is expected to replace the old, outdated system of cash and cheques with a credit-card transaction   United Arab Emirates-headquartered firm Ajar has tied up with...

These include reviewing the ownership of granted lands, completing the electronic structure, and launching a real-estate calculator SCC members also discussed the development of electronic services and the introduction of a real-estate training programme The Sharjah Consultative Council, during its 18th session, called for reforms in the real-estate sector, like...

The company announced on Tuesday it has raised $4 million in a seed funding It has raised 15 million dirham for the venture Stake, a Dubai-based financial technology (fintech) and real estate investment platform backed by Saudi investors, is in talks to expand into Saudi Arabia. Stake, launched in 2020,...

The deals are a sign that the worst is over and smart recovery is picking up

The property,  constructed in 2012, extends to 100,365 sq ft ADIB offers Sharia-compliant property financing solutions Abu Dhabi Islamic Bank (ADIB) has provided structured Islamic financing to Rasmala Long Income Fund to support its acquisition of a supermarket investment in Hattersley, Greater Manchester. The property, which was constructed in 2012,...

The Abu Dhabi residential market delivered  1,700 apartments, 50 villas during the  quarter  Grade A and B office buildings in Abu Dhabi experience demand from Chinese, Israeli companies The villa market rental rates in Abu Dhabi and Dubai were strong in the first quarter (Q1 2021)  despite the ongoing economic...

Middle East investors have always been interested in the real estate market of the British city of London but lately the investment has seen a dramatic upsurge. According to market reports, billions have been poured in by regional investors in commercial as well as luxury residential properties in London and...