| 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. |
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| 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. |
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| 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. |
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| 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). |
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| 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. |
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| 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. |
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| 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. |
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| ‘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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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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| Dubai’s rentals on the rise, tenancy contracts up 43.5% in 4 years: CBRE
Dubai’s residential rental market has experienced an upswing in activity over the past two years, ending a negative growth cycle that persisted from mid-2015 until late 2021, according to real estate services firm CBRE. |
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| New luxury Dubai realty projects near completion
London Gate, a major real estate developer in the UAE, has a number of projects under development in Dubai. |
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| Riyadh real estate expo sees over $29bn deals signed
The Cityscape Global Exhibition, held at the Riyadh International Exhibition and Convention Center this week, saw deals signed worth over SR110 billion ($29 billion), the Saudi Press Agency reported on Thursday. |
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| Saudi real estate developer ROSHN joins UN Global Compact
The Kingdom’s leading real estate developer, ROSHN, has become a member of the United Nations Global Compact, reiterating its commitment to the use of sustainable practices and the well-being of its workers. |
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| Saudi Arabia’s real estate exchange generates $4.5bn in transactions
In a significant development, the Saudi Ministry of Justice’s recently launched real estate exchange recorded SR17 billion ($4.53 billion) in transactions during its first week of operation. |
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| Saudi fund deposits $250.8m into Sakani accounts to drive homeownership
In a bid to further support Saudi families in their pursuit of homeownership, the Saudi Real Estate Development Fund has deposited SR941 million ($250.8 million) into Sakani accounts during August, as reported by the Saudi Press Agency. |
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| Saudi Arabia’s off-plan property sales grows by 52% during H1
Off-plan property sales in Saudi Arabia have been gaining popularity in recent years, with the category growing 52 percent in the first half of 2023 compared to the same period last year. |
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| Al-Hogail discusses green industrial complex plans in China
RIYADH: Saudi Arabia’s Minister of Municipal and Rural Affairs and Housing Majid Al-Hogail convened a meeting in the Chinese capital, Beijing, with several heads of Chinese banks, the Saudi Press Agency reported on Tuesday. |
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| Abu Dhabi and Dubai property markets show resilience in Q2
The real estate markets of Abu Dhabi and Dubai have observed remarkable trends in second quarter of the 2023 as both Emirates demonstrated great resilience in the face of rising interest rates and inflation, according to report by Asteco, the UAE’s leading full-service Real Estate company. |
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| How sustainability is revolutionising the UAE’s real estate sector
In recent years, sustainable solutions are being adopted and implemented in the UAE’s real estate sector at an accelerated pace. |
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| Saudi Arabia’s real estate sector maintains growth surge in Q2: CBRE
Saudi Arabia’s thriving economy has resulted in rising occupancy levels and an increase in the average rentals of commercial spaces in the Kingdom’s major cities in the second quarter, according to a global real estate consultancy firm. |
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| Kuwait’s real estate activity eases in Q2 2023 on softening demand
Real estate sales fell in Q2 2023, in a further sign of a market slowdown amid high residential valuations and rising borrowing costs. Sales dropped across all segments on a year-on-year basis, and we expect activity to remain soft during the remainder of 2023. |
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| Kuwait’s real estate activity eases in Q2 2023 on softening demand
Real estate sales fell in Q2 2023, in a further sign of a market slowdown amid high residential valuations and rising borrowing costs. Sales dropped across all segments on a year-on-year basis, and we expect activity to remain soft during the remainder of 2023. |
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| Saudi Arabia’s real estate price index rises 0.8% in Q2: GASTAT
Driven by rising property prices, Saudi Arabia’s real estate price index surged by 0.8 percent in the second quarter of this year, compared to the same period a year ago, official data showed. |
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| SNB, Real Estate Development Fund partner to boost housing projects
Saudi families seeking to own their first home are set to receive further funding support thanks to a new agreement. |
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| Real Estate Development Fund deposits $247m in Sakani accounts in July
Aimed at increasing homeownership among Saudis, the Kingdom’s Real Estate Development Fund has released another tranche of financing worth SR929 million ($247 million) to the beneficiaries of the affordable housing program Sakani in July. |
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| FDI in Abu Dhabi’s real estate sector soars 363% in H1, reaches $227m
In a significant stride for the UAE’s property market, Abu Dhabi’s real estate sector recorded a 363 percent year-on-year increase in foreign direct investments in the first half of 2023 to reach 834.6 million dirhams ($227 million). |
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| Dubai inflation rate eases to 2% in June, its lowest level since Jan 2022
Pulled back by decelerating food and transportation prices, Dubai’s inflation rate eased to 2.05 percent in June, its lowest level since January 2022 when inflation reached 1.74 percent, according to the Dubai Statistics Center. |
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| Abu Dhabi's real estate sector witnesses 363% growth in FDI in H1 2023
In the first half of 2023, the Foreign Direct Investment (FDI) inflow into Abu Dhabi's real estate sector under the individual category, has reached Dhs 834.6 million setting a new record. |