| Saudi Real Estate Refinance Co. issues $933m in sukuk to spur liquidity in realty market
The Kingdom’s housing market will get a fresh stream of liquidity, with Saudi Real Estate Refinance Co. announcing SR3.5 billion ($933 million) in sukuk issuances. |
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| Real Estate Development Fund deposits $250m in Sakani accounts to boost Saudi housing goals
More support has been handed out to help Saudi families own their homes after SR940 million ($250 million) were deposited into their Sakani accounts in May, the Saudi Press Agency reported. |
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| Kingdom’s Real Estate Development Fund inks 2 agreements to support Sakani beneficiaries
More Saudi citizens will have access to easy financing solutions to help them own homes thanks to the agreements signed between the Kingdom’s Real Estate Development Fund and Bank Albilad and Saudi Awwal Bank. |
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| PIF-owned Saudi Real Estate Refinance Co. receives ‘A-’ classification with stable outlook
The Saudi Real Estate Refinance Co. has received an “A-” classification at the level of global credit and “KsaAAA” at the level of local credit with a stable outlook from the credit rating agency S&P Global. |
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| Kuwaitis building fourth floor for their newlywed children to avoid high rents
As housing prices continue to rise, it is becoming increasingly difficult for young couples to afford renting their own apartments. |
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| Abu Dhabi records Dh27.9 billion in real estate transactions in first three months of 2023
The real estate sector in Abu Dhabi has continued its trajectory of growth in the first quarter of 2023, with 5,472 property sales and mortgages recorded worth Dh27.9 billion, compared to 3,304 transactions worth Dh11.3 billion during the same period in 2022, according to official data released by the Department of Municipalities and Transport (DMT). |
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| Saudi firms eye investment at Iraqi real estate exhibition
Top Saudi companies are in Baghdad to attract investment for the Kingdom’s construction sector at the Iraq International Real Estate Investment 2023 Exhibition being held between May 1 and 4. |
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| Dubai: Fear of eviction, rising rents push residents to buy properties
Tenants in Dubai are increasingly looking to buy properties as they fear receiving eviction notices from landlords due to the rise in rentals, said Richard Waind, group managing director, Betterhomes. |
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| Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals
Saudi families have received more support to own their homes after SR933 million ($248 million) was deposited into their Sakani accounts in April. |
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| Dubai: Real estate developers to help support medical treatments, education for those in need
A new scheme in Dubai encourages real estate developers to allocate one unit from their real estate projects as a sustainable endowment to support charitable causes, meet the needs of society, and promote education. |
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| Saudi Arabia’s Sakani Program benefits 28,000 families in Q1 2023
As many as 27,994 Saudi families have benefitted from Sakani’s housing options and financing solutions offered electronically by the program in the first quarter of 2023, Saudi Press Agency reported. |
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| Dubai records 2,246 real estate transactions valued at Dh11.6 billion during the week
Dubai recorded 2,246 real estate and properties transactions valued at Dh11.6 billion during the week ending April 14, data from the Dubai Land Department showed on Friday. |
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| Saudi real estate prices up 1% in Q1 2023: GASTAT
Real estate prices in Saudi Arabia edged up 1 percent in the first quarter of 2023, compared to the same period a year ago, according to the latest data released by the General Authority for Statistics. |
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| 600 housing units handed over to beneficiaries in Jazan
Prince Mohammed bin Abdulaziz, deputy governor of Jazan region, handed over more than 600 housing units for the most needy families in the region. |
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| Dubai registers 88 home sales over $10 million in Q1 2023
Dubai recorded 88 home sales above $10m hit Dh6 billion during the first quarter, according to the latest analysis carried out by global property consultant Knight Frank. |
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| Saudi real estate rental deals up 81% to reach $20.2bn
Saudi Arabia’s residential and commercial rent deals almost doubled in value last year to reach SR76 billion ($20.2 billion) compared to SR41.9 billion in 2021. |
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| Dubai prime property prices cheaper by 80% compared to global cities, even after 2-year rise
Prime property prices in Dubai are cheaper by 20 to 80 per cent when compared to major cities such as Monaco, Hong Kong, New York, London, Geneva, Paris, Beijing, Tokyo etc. despite a massive increase in rates during the post-pandemic period |
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| Empower signs agreement with Sobha Realty
Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, signed an agreement with Sobha Realty, one of UAE’s leading premium real estate developers, to provide environmentally district cooling services to the developer’s mixed-use projects, most notably the Sobha Hartland master community with a capacity of 17,000 refrigeration tons (RT). |
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| Dar Global raring to go after listing on London Stock Exchange
Saudi real estate developer Dar Al Arkan has achieved great success over the years, but getting its global arm listed on the London Stock Exchange with a valuation of SR2.25 billion ($600 million) was certainly a milestone event, Dar Global’s CEO told Arab News in an interview. |
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| Kuwait’s real estate market shrinks
The latest released data by the Ministry of Justice -Real Estate Registration & Authentications Department- indicates a decreased real estate market activity during February 2023 versus January 2023 (after excluding the crafts activity and the coastal strip system). |
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| Dubai recordsDh12.9b in weeklong real estate transactions
A total of 3,332 real estate transactions worth Dh12.9 billion were conducted during the week ending 10th March, 2023, according to figures released by the Dubai Land Department (DLD). |
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| Over half of Dubai property owners would sell their units this year, YouGov study shows
Almost two-thirds of Dubai property owners polled (64 per cent) plan to sell their respective unit to take advantage of current market conditions and 52 per cent would do so in the next 12 months in return for a good premium according to a YouGov survey commissioned by Metropolitan Homes, a new division of the Metropolitan Group focusing on Dubai's secondary market and catering to end-users, investors and wealthy asset owners. |
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| Dubai outperforms global prime residential market in 2022
Dubai outperformed global prime residential markets in 2022 as capital values surged 12.4 per cent compared to 3.2 per cent average capital values across 30 major cities of the world, according to a latest report. |
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| Dubai records AED10.4 bn in weeklong real estate transactions
A total of 2,702. real estate transactions worth AED10.4 were conductd during the week ending 17 February 2023. |
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| Why we need sustainable housing solutions for a better tomorrow
Along with food and clothing, shelter is one of the most immediate basic human needs. Amidst planetary challenges such as climate change, biodiversity loss and pollution, the world today also faces a double whammy of population growth – projected to reach 8.6 billion in 2030 and 9.8 billion by 2050 – and surging demand for housing and commercial properties. |
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| Metropolitan Capital Real Estate registers record full-year sales of Dh1.6 billion in Abu Dhabi
Abu Dhabi-based Metropolitan Capital Real Estate (MCRE), a full-service leading property company, has announced it has almost doubled its sales, registering record full-year sales of Dh1.6 billion compared to 2021. |
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| Visa, labour reforms and tourism to drive Dubai realty in 2023
The Dubai’s real estate sector will sustain an upward growth this year as the investors and end-users will continue to pour money in the emirate’s residential segment sector amid strong believe in the bright prospects of the economy, experts say. |
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| Sharjah records Dh2b real estate sales in January
Sharjah on Wednesday announced that the emirate consolidates its position as an attractive destination for property investors as it executed 2,999 real estate transactions worth Dh2 billion in January. |
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| Saudi Arabia’s real estate plans leading the world in innovation
Setting the tone for the shape of things to come, 2023 began on a high note for the real estate industry with deals worth more than SR10 billion ($2.66 billion) signed on the opening day of the Real Estate Future Forum, which was held in Riyadh from Jan. 23-25. |
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| Business Bay sees the highest number of real estate transactions in 2022
The Business Bay area recorded the highest number of real estate transactions in Dubai last year with 10,853 transactions, according to a statement by Dubai Media Office. |
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| Real Estate Development Fund deposits $243m in Sakani accounts to further boost Saudi housing goals
Saudi Arabia’s Real Estate Development Fund deposited SR912 million ($243 million) in the accounts of Sakani beneficiaries in January 2023. |
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| Dubai realty stands out with a double-digit price surge
Resisting the pressures of rising interest rates and inflation with two straight years of turbo-charged growth, Dubai remains a standout global property marketplace, having recorded a double-digit price surge for 2022, according to Property Monitor. |
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| Saudi Aramco talks sustainable development at Real Estate Future Forum in Riyadh
Saudi Aramco highlighted its experience with sustainable development during the second edition of the Real Estate Future Forum in Riyadh, the Saudi Press Agency reported. |
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| Real Estate Future Forum kicks off with $2.7bn worth of deals signed
Real estate deals worth more than SR10 billion ($2.66 billion) were signed on the opening day of an industry gathering in Saudi Arabia. |
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| Real estate remains a major contributor to D33 agenda
Dubai real estate will be a major contributor to the goals of the Dubai Economic Agenda D33 and attract high net worth individuals and millionaires for investment in one of the growing economic sectors of the emirate, experts say. |
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| Kuwait’s real estate sector could remain stagnant in 2023: Experts
The real estate sector in Kuwait will remain stagnant in 2023 due to lack of interest in private housing, investments, and speculation over land prices, said experts on Wednesday. |
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| Half-a-trillion dirhams: Dubai reports record real estate transactions in 2022
Dubai's annual real estate transactions have crossed the milestone of half-a-trillion dirhams for the first time in 2022. The sector witnessed transactions worth a record Dh528 billion in 2022, a 76.5 per cent increase from 2021. |
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| Dubai real estate transactions hit record high in 2022
Dubai recorded real estate transactions worth more than $143 billion in 2022, the official Dubai Media Office said Monday, calling it a “milestone” for the UAE’s main business hub. |
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| Dubai real estate continues growth momentum with record transactions in 2022
The Dubai’s real estate sector continued its growth momentum in December to conclude the year on positive note as the residential rents and transactions hit record highs in 2022. |
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| Dubai real estate continues growth momentum with record transactions in 2022
The Dubai’s real estate sector continued its growth momentum in December to conclude the year on positive note as the residential rents and transactions hit record highs in 2022. |
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| Rent or buy? Top Dubai areas for apartments, villas revealed
Dubai has seen 97,400 real estate transactions worth a whopping Dh265.7 billion in 2022, with many residents and investors opting to buy property in the heart of the city. |
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| Real estate activity in Saudi Arabia drops 53.7% during the first week of 2023
Saudi Arabia’s real estate activity has witnessed a 53.7 percent drop during the first week of 2023, as a result of weak liquidity flows due to the high interest rates. |
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| ENCON3 to discuss housing projects, permit system
The opening ceremony of the 3rd Consulting Services for the Development Plan Forum (ENCON3) commences at 6.30 pm on January 10. Abzulaziz Al-Mojel, Minister of State for Municipal Affairs, patronizes the event. |
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| Dubai real estate set for 46% growth in 2023, data show
Dubai’s booming real estate sector is set for further growth next year, with a projected growth of 46 per cent, recent research showed. |
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| Dubai off-plan property launches reach a record, surpassing Dh28b in a month
As Dubai’s real estate industry expands after the pandemic, new off-plan launches and sales are on the rise and hit a record high in November. |
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| Dubai records Dh9.2b real estate deals this week
Land deals at Palm Deira were among the top real estate transactions recorded in Dubai during the week ending December 16, data from the Dubai Palnd Department showed on Friday. |
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| Dubai: Rental market records 27.3% increase this year
The Dubai rental market sustained strong double-digit growth this year in line with the real estate sector that continued its golden run throughout the year due to high demand from the investors and end users following drastic visa and business reforms. |
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| Dubai records Dh91b real estate transactions for the week
A total of 3,186 real estate transactions valued at Dh91 billion were recorded in Dubai during the week ending December 9, 2022, the Dubai Land Department said in a report on Friday. |
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| Rising Riyadh home prices push deals value up 6% but volume falls
As residential prices continue to rise in Saudi Arabia’s cities, the total transaction value of houses in the Kingdom has increased by 6 percent compared to this time last year, the latest report from global property consultancy firm Knight Frank showed. |
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| Dubai property sales continue to surge in October
October witnessed another stellar month for Dubai’s booming real estate market. Latest data from Property Monitor show that property sale prices rose 1.77 per cent last month in the emirate. |