#Real Estate

Kuwait’s $112bn pension fund has cash to burn after revamp

Cash accounts for about 11.5 per cent of its investments, which the fund aims to cut to 4 per cent over the next seven months

Arada Aljada Sharjah

Arada awards Dhs423m construction contract for phase two of Aljada development in Sharjah

The East Village contract includes the construction of 16 apartment blocks with the project set to be completed by 2021

Covid-19 impact: Is this the right time to invest in Dubai property?

The housing market in Dubai remains a top choice among investors even at times of crisis

Dubai’s Emaar removes all job titles, with Alabbar also dropping his title of chairman

Alabbar said new business cards issued to employees will simply state their name with the department

Saudi Arabia’s Fannie Mae buys up $800m of mortgages

The refinancing company was established to buy home loans from banks and other finance companies, freeing up the lenders to book more mortgages

Dubai buildings

Sheikh Mohammed establishes new committee to ease issuing building permits in Dubai

The committee will list, analyse, revise and develop procedures for providing services related to the issuance of building permits

Dubai Land Department

Land Department launches ‘Invest in Dubai’ virtual platform to connect stakeholders

The virtual platform features stakeholders including developers, investors and brokers

Dubai

Dubai Developments Group offers tenants rent relief of upto six months

The package is valued at Dhs200m and expected to benefit over 1,500 businesses

New mega urban development project, Masar, launched in Saudi’s Makkah

The project will see the addition of “tens of thousands” of hotel and residential units in Makkah in later phases

Covid-19: All about investing in the real estate market during a pandemic

Serial entrepreneur and leadership trainer Spencer Lodge speaks to entrepreneur and investor Rob Moore

Amlak International announces intent to list on Saudi bourse

The offering will comprise of 27,180,000 ordinary shares

Dubai developer Nakheel reports villa sales worth Dhs223m

Ready-to-occupy, family villas at Nad Al Sheba are particularly in demand

Covid-19 impact on the GCC’s real estate sector: Are there any housing concerns?

How can real estate developers in the GCC adapt to the upheaval that the coronavirus has caused across the region?

EMPG and OLX Group merge MENA and South Asia operations to form $1bn Dubai-based tech company

With this merger, OLX has become EMPG’s largest single shareholder with 39 per cent of shares

Covid-19 impact on the UAE property sector: When will consumer confidence return?

In a post Covid-19 world, the property sector needs to adapt and re-align to meet customer demands and mitigate the long-term effects of the pandemic

Union Properties’ subsidiary begins legal proceedings to claim Dhs1.5bn

The claim is related to a project completed around a decade ago

Saudi suspends two mortgage-support programmes amid crisis

An interest-free loan programme for military personnel which covers 20 per cent of a property will be suspended from May 31

UAE’s ENBD REIT announces rent relief measures to aid tenants

ENBD REIT would require tenants to provide requisite documents for it to extend adequate rental relief

Dubai developer Nakheel cuts salaries by up to 50%, CEO steps down

The salary cuts range from 30 per cent to 50 per cent for employees earning above Dhs4,000

Dubai’s Al Habtoor says may have to cut jobs if pandemic continues

The Al Habtoor Group owns seven hotels in Dubai as well as car dealerships, residential properties and schools

Discovery Gardens

Dubai Discovery Gardens’ tenants to receive rent deferrals, waivers

Restaurants whose services are restricted to delivery-only are offered a two-month rent-free period for April and May

Dubai World Trade Centre

Dubai World Trade Centre announces new measures to support businesses

A full refund will be offered to exhibitors on cancelled events and where a new schedule is not feasible for the participants

UAE’s Property Finder goes live with real-time viewings

Live Viewings combines Property Finder’s own technology platforms with YouTube Live to introduce live streaming to the UAE real estate market

UAE’s rental app aims to take landlords entirely online

A new digital dashboard from Urban aims to provide UAE landlords with full oversight into their properties

Dubai Silicon Oasis offers rent waivers, deferred payments to residents, startups and retailers

Existing residential tenants at Dubai Silicon Oasis can now make monthly payments towards their rent

Real estate in Saudi will temporarily slow before growth in the long-term – Savills

Government stimulus packages and previous experience with coronavirus will allow for quick and effective measures to combat slump, says real estate consultancy

‘We made plans if occupancy hit zero. That hasn’t happened’ – Dubai property broker

Four experts in the UAE property sector weigh in on the opportunities that short-team leases are providing in Dubai

Dubai records 9.9% rise in Q1 property transactions; top 5 areas revealed

Mortgage registrations have been “consistently higher” this year, finds Property Finder report

Dubai’s housing market ‘oversupplied’ despite drop in prices – UBS

The Dubai residential market is expected to bottom out soon, states study

Apartments in Kuwait lie ‘vacant’ as expats leave the country – report

A total of 102,280 residency visas held by expats were cancelled between 2015 and 2018