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UAE: Emirate issues new laws to regulate real estate sector

UAE: Emirate issues new laws to regulate real estate sector

The laws aim to help in the development and implementation of plans to drive growth across Umm Al Quwain’s real estate sector

Saudi real estate - EJAR

Saudi Arabia’s real estate, infrastructure projects hit $1.25tn

NEOM, the $500bn megacity, is progressing rapidly, with $70bn of projects now awarded, 45 per cent of which has been completed

Dubai property transactions value grew 43% YoY in August

Dubai property transactions value grew 43% YoY in August

The city recorded 11,818 real estate transactions last month, a 25 per cent increase in volume compared to 9,450 transactions in August 2022.

Aldar backed SODIC expands in Egypt, tie-up with Nobu Image ALdar

Aldar-backed SODIC expands in Egypt, to add Nobu hotels, residences

The agreement builds on Aldar’s recently announced partnership with Nobu to bring a luxury hotel, branded residences and restaurant to Mamsha Beach on Saadiyat Island


Gardenia Bay: Aldar launches new Yas Island residential community

The development will feature monitoring meters to reduce energy, water, and waste consumption with an aim to achieve a Pearl 3 Estidama rating

Mohamed Alabbar - Emaar Founder

Emaar plans a hike in dividends in 2023, no IPO for noon: Mohamed Alabbar

Alabbar underscored the performance of Emaar Properties’ during H1 2023, driven by the economy and tourism sectors


Roshn unveils Marafy, to redefine urban living in Jeddah

The development aims to offer an exceptional living experience and represents Roshn’s inaugural fully mixed-use endeavour

Abu Dhabi holiday homes

UAE holiday home rental: Abu Dhabi announces major change for farm houses, RVs

DCT Abu Dhabi will introduce a comprehensive policy framework to license and promote farmhouse tourism activity, to develop immersive agri-tourism experiences

Dubai real estate mid year review CBRE courtesy Dubai-Media-Office

UAE real estate market: Strong demand, lack of supply to drive further growth in 2023, reveals CBRE

In Dubai, the total volume of transactions has broken records in the first half of the year, up 43.3 per cent year-on-year in the year-to-date to H1 2023

Saudi Arabia launches new real estate market platform Image courtesy Ministry of Justice

Saudi Arabia launches real estate platform to support owners, buyers

The platform allows users to access reliable information about the value of real estate transactions in any geographical area they choose

Solano County California

A new, green California city in Solano County: $800m land acquisition raises questions

Flannery Associates have disclosed it has been buying rangeland properties in Solano County since 2018, cumulatively spending more than $800m

Samana Developers

Dubai real estate: Samana Developers launches Dhs300m ‘Golf Views’ project

The project is scheduled for delivery in Q2 2026

Majid Al Futtaim H1 2023 results Image MoE _ courtesy Majid Al Futtaim

Majid Al Futtaim announces H1’23 results, reports 74% YoY rise in net profit

Majid Al Futtaim reported a 5 per cent increase in consolidated revenue to Dhs18.9bn, and EBITDA growth of 13 per cent year-on-year to Dhs2.1bn

China Evergrande Group files bankruptcy

China Evergrande files Chapter 15 bankruptcy in New York

The Chinese builder has been working for months to finalise an offshore debt restructuring plan

Dubai business

Dubai trumps Lisbon as top destination for globetrotting executives: Report

The findings were based on research conducted by real estate broker Savills, which ranked 20 prime residential markets by their appeal to long-term remote workers

Roya enters Dubai luxury property market

Roya Lifestyle Developments forays into Dubai’s property market

The property developer aims to redefine contemporary living by offering unparalleled luxury in the heart of the city

Red Sea International Airport by RSG

Red Sea phase one: Here are 7 key construction milestones

The Red Sea International Airport is on track to receive its first domestic flights later this year

Emaar Properties posts Dhs4.9bn in H1 profit, up 15%

Emaar Properties posts Dhs4.9bn in H1 2023 profit

The developer’s group property sales, rose by 14 per cent to Dhs20.2bn

Dubai real estate rent

Dubai office market defies global slump with influx of tenants

Average rents for prime commercial real estate in Dubai have risen as much as 17 per cent

Abu Dhabi's ADQ, IHC look to merge with Q Holding Image GettyImages-1366647006

ADQ, IHC Capital propose merger with Q Holding to create $12bn entity

The proposed transaction would create one of the largest real estate, hospitality, events and catering platforms in the region

Aldar Properties’ Q2 2023 profit jumps 52 to 354m

Aldar Properties’ Q2 2023 profit jumps 52% to Dhs1.3bn

The property giant’s development sales hit a record Dhs11.6bn in the three months to June 30, with 10 new project launches a year to date

Abu Dhabi DMT announces H1 real estate transactions Image Abu Dhabi DMT

Abu Dhabi real estate sector records over Dhs46.33bn in deals in H1 2023

Al Saadiyat Island topped the list with transactions worth Dhs3bn, with Yas Island coming in at second place with transactions worth Dhs2.6bn

Sharjah real estate

Sharjah registers real estate transactions worth Dhs549.4m in H1 2023

In Kalba, 98 sales transactions were recorded in 21 regions, totalling Dhs54.1m

Dubai properties DLD registers transactions worth $77bn in H1 2023 Image Dubai Media Office

Dubai properties: Transactions hit Dhs283bn in H1 2023; DLD reveals top 10 areas

Nine real estate projects worth Dhs4.06bn were completed in H1 2023, according to the Dubai Land Department

Mudon development

Dubai Properties launches final phase of Mudon Al Ranim

The Mudon community is made up of villas and townhouses, along with retail amenities such as restaurants, shops, and health clinics

Ellington Properties and Dutco to develop several residential projects in Dubai Image DUTCO Ellington Properties

Dutco, Ellington Properties to develop high-end residential projects in Dubai

The first phase of the collaboration will see the launch of two new waterfront projects in Dubai

Rixos Dubai Islands Hotel & Residences Image Nakheel Rixos

Nakheel launches Rixos Hotel & Residences on Dubai Islands

Along with the Rixos property, Dubai Islands will be home to more than 80 resorts and hotels

Abu Dhabi Real estate FDI see 363 per cent rise in H1 2023 Saadiyat Island_Image courtesy WAM

Abu Dhabi real estate sector attracts Dhs834m in FDI in H1 2023

This represents a robust rise of 363 per cent compared to the same period in 2022

Yas Island

Aldar, Abu Dhabi Housing Authority unveil Dhs8bn project on Yas Island

The project is part of Abu Dhabi Government’s efforts to develop integrated and sustainable residential neighbourhoods

National Housing Company Launches Sadayem Suburb Image credit NHC

Saudi’s NHC launches integrated living project ‘Sadayem’ in Jeddah

The sale of properties in Sadayem will begin on Monday, July 24, with the first phase including villas with a starting price of SAR800,000