• Luxembourg, EU’s richest country, grapples with housing crisis

    Luxembourg, Luxembourg -- Luxembourg's residents may be classified as the wealthiest in the European Union, but the sky-high cost of buying or renting a home in the country has made living there nearly impossible for some. The crisis has become the number one concern in the Grand Duchy of 660,000 people...

  • Abu Dhabi, Dubai realty resilient despite surging inflation, interest rates

    Abu Dhabi, UAE – Real estate markets of UAE capital Abu Dhabi and Dubai demonstrated resilience in the face of rising interest rates and inflation in the second quarter, with Dubai realty market outperforming many if its peers worldwide, a report said. The report by Asteco, a full-service Real Estate...

  • Saudi inflation in May rises slightly to 2.8% on higher rents

    Dubai, UAE -- Saudi Arabia’s inflation increased by 2.8%, compared to May 2022, slightly higher than April 2023 (2.7 percent), the kingdom's General Authority for Statistics (GASTAT) said Thursday. The main driver of Consumer Price Index inflation in May was the higher prices of housing, water, electricity, gas, and other...

  • Saudi Arabia’s rental prices key driver of inflation in April

    At 2.7 percent, inflation remained unchanged from March, according to the kingdom's General Authority for Statistics. It was driven mainly by an 8.1 percent year-on-year rise in housing, water, electricity, gas and other fuel prices.

  • US tenants face eviction as inflation rises, Covid-era aid ends

    The country sees 3.6 million eviction cases filed in a typical year, said Peter Hepburn, associate director of Eviction Lab at Princeton University. But that number slowed to a trickle during the pandemic. Now, with Covid-era legal protections and assistance lifted, it is surging again, Eviction Lab's figures show.

  • Twitter sued over ‘unpaid rent’ on London office

    Twitter's British landlord said it is taking the social media to court for not paying rent on its London offices. The Crown Estate, a firm that manages land and property belonging to the British monarchy, said it has launched legal action at the High Court for rental arrears on an...

  • World Cup boom pushes some Qatar residents out of homes

    More than one million football fans are expected to descend on the capital Doha during the November-December tournament, putting a strain on the tiny Gulf nation. Landlords who have spotted an opening to increase rents, with some kicking out tenants on very short notices.

  • Sharjah unveils ‘Holiday Homes Project’ to boost economy

    The first phase of the project includes organizing field visits and inspection campaigns, as well as electronic or digital follow-up of holiday homes, their operators, and owners.

  • Ajar partners with Visa for online rent collection

      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...