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Press Dossier   News Category    Real Estate   
Alandalus Property commences $222m commercial center project in Makkah
Saudi holy city Makkah is set to see a boost in its commercial infrastructure with Alandalus Property Co. commencing construction on an SR831 million ($222 million) project.
Saudi home ownership rate passes 63%, closing in on Vision 2030 target
The percentage of Saudi households owning a home reached 63.74 percent at the end of 2023, an increase of 16.7 percent compared to 2016, according to a new report.
Real Estate Brokerage Law spurs 17% surge in Saudi property transactions, watchdog head reveals
New regulations providing safeguards in Saudi Arabia’s real estate sector helped drive up residential and commercial property transactions by 17 percent within their first year, according to a senior official.
Aldar and DP World to develop Grade A logistics park in Dubai
Aldar Properties and DP World have signed a strategic agreement where Aldar will fund and develop a 1.55 million sqft (144,000 sqm) Grade A logistics park at National Industries Park (NIP) in Jebel Ali, Dubai.
MS Homes enters Dubai market with new Marina Boulevard tower
MS Homes Developers has announced its foray into Dubai’s real estate market with its debut project ‘Iluka Residences’, an eight-floor residential building providing elevated lifestyle and sophisticated living, located on Marina Boulevard, in the heart of Dubai Islands.
Mabanee inks Kuwait luxury resort management deal
Leading Kuwaiti developer Mabanee has signed a KD5.1 million ($17 million) contract with Touristic Enterprises Company for the operation and managment of a resort in Kuwait city.
Indian developer enters into Dubai market, plans over Dhs2b investment
Zoya Developments, a prominent real estate developer from India, announced its expansion into the UAE market with investment of over Dhs2 billion allocated for the next 3 years.
Dubai sees record residential transactions after 20% surge: report
Dubai’s residential market activity hit record highs in the second quarter with 35,310 transactions, a 20.5 percent year-on-year increase, driven by customizable units and stable investment returns, a new report showed.
Saudi projects to take spotlight at 15th Real Estate Development Summit in Spain
Saudi real estate projects will take center-stage at a two-day summit in Spain featuring over 100 companies, showcasing major developments and new business opportunities in the Kingdom.
UAE developers embrace sustainability to boost property values
UAE developers can leverage sustainability to add value to their properties, as new data shows that 70 percent of investors are willing to pay premiums for green facilities.
Ajman completes 169 real estate valuations worth over Dh729.5 million in May
The Department of Land and Real Estate Regulation in Ajman completed 169 real estate valuation processes during May 2024 with a total value exceeding Dh729.5 million, data showed.
Saudi banks’ real estate loan portfolios hit $213.5bn in Q1 2024
Saudi banks’ real estate loan portfolios reached SR800.5 billion ($213.5 billion) in the first quarter of 2024, a 13 percent increase from the same period last year, the latest official data showed.
Bahrain’s real estate sector holding steady, report says
Bahrain’s real estate sector remained steady in the first quarter of this year, with 6,124 sales transactions, representing a marginal 3 percent year-on-year decline, an analysis showed.
Riyadh residential market sales surge 77%: CBRE report
Saudi Arabia’s residential market experienced robust growth in demand, with Riyadh witnessing a 77 percent year-on-year increase in sales transactions in the first quarter, a new report showed.
Saudi Arabia prioritizes real estate sector with 18 legislative initiatives to drive growth
The Saudi government is prioritizing the real estate sector, enacting over 18 pieces of legislation to drive its growth and significantly boost its gross domestic product.
Saudi property forum to enhance local real estate supply chain access
Saudi real estate firms are poised to gain improved access to the supply chain with major industry players set to gather in Riyadh for an event designed to enhance cooperation and forge partnerships.
UAE: 50 fines issued against real estate agents, 7 licences suspended for violating rules
Several real estate agents were fined, and brokerage licenses were suspended for non-compliance with real estate rules and regulations in Abu Dhabi.
Dubai: Why some investors have put property sales on hold
Many investors are demanding higher rates than earlier for their properties on sale in Dubai South and its vicinity, while many of them have decided to hold off the sales for the time being. Reason: The announcement of the relocation of the Dubai Airport (DXB) airport to Dubai South.
Dubai Real Estate Brokers Program attracts 25 strategic partnerships
Dubai’s property market is set to grow, with the Real Estate Brokers Program securing 25 partnerships with brokerage companies and developers in the private sector.
Dubai’s high-end property sales rise on overseas demand
Sales of homes in Dubai worth $10 million or more rose 6 percent in the first quarter versus last year, an industry report showed on Tuesday, as demand from the international ultra-rich for homes in the emirate showed little sign of abating, according to Reuters.
Qataris favor villas as top residential choice, official data reveals
Residential building permits in Qatar surged in March, reaching 257 licenses, up from 193 the previous month, according to official data.
Rental prices for villas in Dubai surge 16.2%: CBUAE
Dubai’s real estate market witnessed strong growth in 2023, with rental prices for villas surging 16.2 percent year-on-year in the fourth quarter, official data showed.
Dubai drives UAE real estate sector to record $208bn in transactions
Real estate transactions in four of the UAE’s emirates surged in 2023 as they recorded a combined 22.6 percent annual increase in value – totaling 765.1 billion dirhams ($208.34 billion).
Saudi Real Estate Fund boosts homeownership with $257m for Sakani program
Homeownership in Saudi Arabia is set to increase as the Real Estate Development Fund deposited SR963 million ($256.7 million) into the accounts of Sakani beneficiaries for March.
Dubai realty on track to deliver 34,000 units in 2024
The UAE’s real estate sector is expected to continue its upward trajectory in 2024 despite a softening global outlook, with Dubai and Abu Dhabi on track to deliver approximately 34,000 units and 8,000 units respectively, according to experts at a panel discussion.
Home ownership eyed by 77% of Saudi-based expats, reveals survey
A new premium residency visa has spurred home-ownership demand among Saudi-based expats, with 77 percent now looking to buy a property, a survey has revealed.
‘Saudi Arabia could double hotel rooms in the next 10 years’
Saudi Arabia should double the number of hotel rooms in the next 10 years to meet the rising number of religious tourists, a top official has said.
Saudi Arabia’s real estate sector poised for growth in 2024: S&P report
Real estate transactions are set to surge in Saudi Arabia in 2024 thanks to Vision 2023 investments, according to an S&P Global report.
High-net-worth Muslims eye $2bn real estate investment in holy cities: survey
Saudi Arabia’s real estate market is set for an upswing as high-net-worth Muslim individuals plan to invest $2 billion in Makkah and Madinah properties, a recent survey indicated.
Dubai: Property prices to increase up to 14% in 2024, says Binghatti CEO
Property prices in Dubai are expected to increase up to 14 per cent this year, driven by population growth, high demand for mortgages due to an expected drop in interest rates and more millionaires parking their wealth here, said Muhammad Binghatti, CEO of Binghatti Holding.
Riyad Capital, Al-Ramz launch $186m real estate fund to develop new project
The Saudi capital will soon be home to new offices and commercial projects thanks to the launch of the Durrat King Khalid Fund, inaugurated by Riyad Capital.
20% higher returns: Why UAE homeowners are listing properties for short-term rentals
Short-term rentals are emerging as a major second income for UAE residents as they are high in demand and offer much higher returns. Industry executives say that many first-time property owners are listing their properties for short-term rentals to earn a second income.
Dubai real estate market soars amid record residential transactions in 2023: report
Dubai’s real estate market experienced robust growth in 2023, reaching an all-time high with residential transactions totaling 118,993 units, a report from CBRE revealed.
Restatex kicks off in Riyadh with $640m in real estate deals
Saudi developers received a funding boost with deals exceeding SR2.4 billion ($640 million) signed on the sidelines of the four-day Restatex Real Estate Exhibition in Riyadh.
Riyadh sees 7% real estate transaction volumes surge: Knight Frank
Saudi Arabia’s capital witnessed a 7 percent rise in real estate transaction volumes in 2023 compared to the previous year, according to Knight Frank.
Gulf real estate sector poised for growth in H1 2024: Markaz Report
The Gulf real estate sector is set to witness growth in the first half of 2024, driven by increasing demand and supporting government policies, according to a report.
Saudi real estate funds hit $45.3bn in Q3 of 2023
Real estate in Saudi Arabia now represents a third of all assets under management in the Kingdom, according to the Capital Market Authority’s chairman.
Innovation and sustainability in the spotlight at Real Estate Future Forum in Riyadh this month
Emerging property trends, in particular innovations and sustainable solutions, will be in the spotlight at the third Saudi Real Estate Future Forum in Riyadh from Jan. 22 to 24.
Riyadh’s Real Estate Future Forum to discuss global trends and innovations
Emerging property trends will take the spotlight, emphasizing innovations and sustainable solutions, as 300 speakers from 85 countries convene for the Real Estate Future Forum in Riyadh.
Dubai rents set to climb 20% in 2024
Rents in prime Dubai residential areas are poised to see up to 20 per cent in 2024 after a year of remarkable upswing estimated to be in the range of 23-30 per cent.
Saudi Real Estate Refinancing Co. responsible for $13 billion additional liquidity in housing sector
Saudi Arabia’s secondary market for residential real estate financing has received SR50 billion ($13 billion) from the company tasked with transforming the sector, Arab News has been told.
Saudi Arabia’s real estate supply reservations more than double
Citizens in Saudi Arabia are gaining greater access to residential units as the real estate supply reservations surged 110 percent year on year in November to reach 12,503, according to new figures.
Dubai Metro Blue Line: How property prices, rentals will increase along route
Rents and property prices in Dubai’s key areas such as International City, Silicon Oasis, Ras Al Khor, Mirdif, Al Warqa and others will see double-digit increases that will be connected through Dubai Metro’s upcoming Blue Line.
UAE's new housing policy allows citizens to resell houses, transfer mortgage
The UAE has approved a new housing policy that allows citizens to replace or resell their houses and transfer mortgage. The policy will also see flexible loan schemes are approved for Emiratis.
Abu Dhabi realty shows resilience and sustainable growth in third quarter
Abu Dhabi’s real estate landscape showed steady improvement in the third quarter, balancing steady growth with prudent market responses, reflecting emerging trends and enduring values within the sector, a report showed on Thursday.
Eastern Province records 28,000 real estate transactions in 9 months
The volume of real estate transactions in the Kingdom’s Eastern Province reached 28,000 worth SR36 billion ($9.6 billion) by the end of the third quarter, said a top official.
Dubai property market creates an ideal environment for sellers and landlords
Bayut, the UAE’s leading property portal, has released its Dubai Property Market Report for Q3 2023, unveiling the most sought-after areas in the emirate’s real estate sector.
Saudi real estate price index up 0.7% in Q3: GASTAT report
Saudi Arabia’s real estate price index rose by 0.7 percent in the third quarter compared to the year-ago period, fueled by an increase in residential property values, as shown by official data.
Over 29k Saudi families benefit from Sakani housing program in Q3
As many as 29,361 Saudi families benefited from Sakani’s housing options and financing solutions during the third quarter of 2023, bringing the total number of beneficiaries since the beginning of the year to 71,145.
ROSHN first in region to win smart city certification
ROSHN Group, Saudi Arabia’s leading national real estate developer and PIF-funded giga-project, has received the British Standards Institution Kitemark for Smart Cities. ROSHN is the first company in the India, Middle East, Turkiye, and Africa region, among the first in the private sector globally, and one of the top 20 organizations around the world to achieve this prestigious international certification.
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