Press Dossier   News Category    Real Estate   
Real estate fintech platform Stake raises $8m in pre-series A funding ahead of KSA debut
Stake, a Dubai-based digital real estate fintech platform, has raised $8 million in an oversubscribed pre-series A funding round, as it plans to debut in Saudi Arabia and Egypt in the first quarter of 2023.
KSA records 21% growth in residential real estate transactions in Q2: CBRE
Saudi Arabia recorded SR36 billion ($9.58 billion) worth of transactions in the residential real estate sector in the second quarter of 2022, recording a 21.4 percent increase over the same period last year, the latest market report by the global real estate adviser CBRE revealed.
Investors to repose trust on UAE real estate market with more investments
The government’s recent measures on real estate investment will increase market credibility, transparency and boost investor confidence in the growing sector, experts say.
Saudi developer Sumou signs $144m contract to develop residential units
Sumou Real Estate Co. has signed an agreement with National Housing Co. to build residential units for SR540 million ($144 million).
Saudi Real Estate Fund signs more than 58,000 financing contracts in first half
Saudi Arabia's Real Estate Development Fund signed more than 58,000 financing contracts, offering various financing and housing options for housing support programs throughout the Kingdom during the first half of this year.
Dubai real estate remains resilient with Dh21 billion transactions in July
Dubai real estate has once again proved its resilience by attracting record Dh21 billion investment through 7,092 sales deals in July, which is considered the best start for the second half of the year in the past 12 years.
Study to regulate expats’ ownership of real estate
A government team began an executive study to prepare a proposal that will allow expats living in the country to own real estate, expected to be presented to the new government that will be formed following National Assembly elections.
10-year-old buildings face demolition; over 400 homeowners uncertain about future
Over 400 homeowners of the barely 10-year-old Mayaza 3 and Mazaya 4 residential buildings in Queue Point, Liwan, have been told that they are living in their apartments at their own risk.
Saudi banks’ real estate lending grows to $161 billion in Q1
Saudi banks’ real estate lending witnessed a year-on-year increase of SR131 billion ($34.9 billion) to SR605.5 billion in the first quarter of 2022, from SR474.5 during the same period last year, according to latest figures released by the Saudi Central Bank, also known as SAMA.
Dubai's real estate sector most 'transparent' in Mena: JLL Index
The real estate markets of Dubai and Abu Dhabi have been recognised as the top global improvers in 2022, according to JLL’s latest Global Real Estate Transparency Index (GRETI).
Dubai property: More people opting to buy plots to build homes
With property prices touching new highs, more people are opting to buy plots and build their own custom-made homes rather than buying readymade houses from developers.
New residential project launched in Dubai Festival City
Dubai’s Al-Futtaim Group Real Estate on Monday launched a new residential development in Al Badia of Dubai Festival City.
Saudi Real Estate Co. aims to invest $1.6bn within 5 years, CEO says
Saudi Real Estate Co., also known as Alakaria, aims to invest SR6 billion ($1.6 billion) over the next five years, the firm’s CEO said in an interview with Al-Arabiya.
Real estate lending in Saudi banks jumps 6.8% in Q1, as demand in retail segment grows
Real estate lending to retail customers in Saudi commercial banks jumped 6.8 percent to SR476 billion ($127 billion) in the first quarter of 2022, from SR446 billion in the fourth quarter of 2021, according to a recent monthly report from the Saudi Central Bank.
Future bright and welcoming for UAE real estate
The UAE’s real estate market continues to hold several attractive opportunities, especially for international investors that first arrived in the country for the Expo 2020 Dubai mega event, property experts have said.
Future bright and welcoming for UAE real estate
The UAE’s real estate market continues to hold several attractive opportunities, especially for international investors that first arrived in the country for the Expo 2020 Dubai mega event, property experts have said.
Dubai realty firm likely
 to buy Florida condominium for $120 million
A Dubai-based realty firm is all set to purchase the site of a South Florida condominium that collapsed last June, killing 98 people, for $120 million, after no other bids were submitted by the Friday evening deadline for next week’s auction, according to a report from Associated Press (AP).
Dubai home sales surged 55.9% in April
Dubai’s real estate continued to attract investors and end-users as home sales surged on rising demand in April despite a steady rise in prices, the latest data shows.
Saudi real estate financier Amlak profits rise 8% to $7m in Q1
Saudi-listed real estate financing firm Amlak International has reported a slightly higher profit increase of 8 percent during the first quarter.
Dubai’s secondary real estate market booms in first quarter
Property investors from the UK, Italy, and France claimed prime spots in the top-10 list of foreign investors in Dubai as the emirate’s real estate sector witnessed the dominance of the secondary market in the first quarter.
Abu Dhabi’s real estate deals exceed Dh11.3b in Q1
The Department of Municipalities and Transport (DMT) revealed that the UAE capital’s real estate market recorded 3,304 transactions, reaching a value of Dh11.3 billion in the first quarter of 2022.
Dubai real estate retains its appeal with record transactions in Q1
Dubai real estate retained its appeal as investors and residents continued to pour money into the emirate to buy a villa or apartment as reflected in the latest official data released on Tuesday.
Commercial rents return to pre-Covid level in Dubai and Abu Dhabi
Office rents in Dubai and Abu Dhabi have begun to recover to pre-Covid-19 levels as demand for prime space intensifies.
Dubai hits $2.1bn worth of property deals in the week ending on April 15
Around 1,988 real estate transactions — with an accumulated worth of 7.8 billion dirhams ($2.12 billion) — have been conducted in Dubai in the week ending on April 15, 2022, WAM reported.
Saudi Dar Alrkan, Oman’s Omran partner in $1.6bn deal to bolster tourism
Saudi real estate developer Dar Alarkan has partnered with the Omani Tourism Development Co. in a deal estimated at SR6 billion ($1.6 billion) to bolster tourism.
Dubai’s weeklong real estate transactions valued at Dhs6.8b
The real estate and properties transactions valued at AED6.8 billion in total during the week ending March 25, 2022, according to Dubai Land Department (DLD).
Dubai rebound spurs surge in property prices, sales, rentals
Building on a strong rebound, Dubai’s resilient economy will likely support real estate prices and rental increases in 2022 as high oil prices remain an important positive factor for investor sentiment.
PIF-owned SRC signs $270m refinancing deal with Saudi National Bank
The Saudi Real Estate Refinance Company, a wholly-owned company of the Public Investment Fund, has signed a joint agreement with Saudi National Bank to sell a real estate financing portfolio worth SR1 billion ($270 million).
Saudi Somou Real Estate posts 13% higher profits in 2021
Saudi developer Sumou Real Estate Co. saw over a 13-percent increase in profit in 2021 on the bank of higher sales.
Realty sector adopts sustainable solutions for existing, new buildings, says Netix Controls CEO
The booming property sector in the UAE is witnessing a huge shift in its fundamentals with a pressing need to save on energy consumption by deploying sustainable solutions in existing properties as well as new constructions.
Dubai: 52,000 apartments, villas worth Dh114.2 billion sold in 2021
Ultra-prime homes sales in Dubai that cost more than $10 million have reached record levels, according to a new whitepaper released by global property consultancy Knight Frank.
AED 7 billion in weeklong real estate transactions in Dubai
The real estate and properties transactions valued at AED 7 billion in total during the week ending 04 March 2022, according to the Dubai Land Department (DLD).
Riyadh opens doors to real estate future forum today
With real estate the second largest contributing sector to the Saudi GDP, investors are flocking to Riyadh to attend the Real Estate Future Forum.
Abu Dhabi real estate sees positive growth, deals hit Dh71billion in 2021
The total value of Abu Dhabi’s real estate transactions crossed Dh71 billion last year with better growth expected in 2022, a top official said.
UAE real estate a magnet for foreign investors; rental income, salability, quality of life draw buyers
Good reputation, the best quality of life, strong and stable economic growth, high rental income and easy salability of assets make the UAE, especially Dubai, the best place to invest in the real estate sector, according to the real estate industry executive and experts.
Sharjah records Dh26.2b property deals in 2021
Sharjah on Wednesday announced that the real estate trading volume in the emirate recorded the highest value in four years in 2021 as the economy recovered from the global slowdown and the Covid-19 pandemic aftershocks.
Dubai property market could see massive gains when Expo 2020 ends
The Dubai property market is set to benefit when Expo 2020 transitions into a mixed-used community, Zoom Property said.
Average Dubai property prices predicted to rise by 5-10% in 2022
Average Dubai property prices will increase by 5-10 percent during 2022 as the market maintains momentum after a record-breaking year, according to a leading broker.
2021 saw exceptional results that will contribute to driving real estate sector in next 50 years: DLD
The year 2021 witnessed an exceptional performance for Dubai’s real estate market, supported by the results and numbers in December, whether in terms of real estate sales transactions, or the monthly index numbers, new research has shown.
Saudi developer Alakaria secures $106.6m loan for Riyadh land purchase
The Saudi Real Estate Co., also called Alakaria, has secured a bridge loan of SR400 million ($106.6 million) to finance part of the price of the land it’s purchasing in the east of Riyadh.
Residential land prices drive Saudi real estate inflation to almost 2-year high
A hike in residential land prices prompted real estate prices in Saudi Arabia to rise by an annual rate of 0.9 percent in the final quarter of 2021, according to data by Gastat.
Kuwaitis rank 7th among foreigners buying properties in Turkey
Kuwaiti citizens ranked seventh among foreigners who purchased properties in Turkey last year, according to the Turkish Statistical Institute.
Kuwait’s real-estate sector saw price hikes in 2021
Prices of housing real-estates rose last year in Kuwait, where investors focused on Kuwaitis’ residential areas dealing in uninhabited plots of land, capitalizing on government subsidies and transforming residential units into rental houses. Some residential districts, mainly inhabited by citizens, witnessed more than 35 percent rise in rates of the plots, leading to record growth of property assets in the shadow of scarce offered real-estates.
Kuwait’s real-estate sector saw price hikes in 2021
Prices of housing real-estates rose last year in Kuwait, where investors focused on Kuwaitis’ residential areas dealing in uninhabited plots of land, capitalizing on government subsidies and transforming residential units into rental houses.
Saudi Affordable House Co. to build $100m residential complex at SPARK
A subsidiary of Saudi Abdullah Bin Saedan & Sons, Real Estate Co. Affordable House has agreed to build a $100 million staff residential complex at King Salman Energy Park, known as SPARK.
Saudi Arabia’s idle land program allocates $532m of its revenues to housing projects
Since it was first launched, Saudi Arabia’s idle land program has already disbursed SR2 billion ($532 million) of its revenues to develop infrastructure projects of over 80 housing projects across the Kingdom.
Real estate is 2nd contributing sector to Saudi GDP, housing minister says
Real estate is the second largest contributing sector to the Saudi GDP and it is linked to the growth of more than 120 other economic sectors, housing minister said.
Saudi state-owned real estate players to discuss sector’s challenges in this week’s conference
Starting on Dec. 29, Riyadh will host the 2nd edition of Prospects & Future of The Real Estate Sector Conference.
Saudi real estate market falls by 9.1% in 4Q 2021, reports Al-Eqtisadiah
Saudi Arabia’s real estate market slid in late December by 9.1 percent, as the value of deals finalized at a weekly rate of less than SR4.1 billion ($1.09 billion), reported Al-Eqtisadiah.
Saudi Arabia spends $9bn in four years to support housing program
Saudi Arabia’s Real Estate Development Fund (REDF) has provided over SR33.3 billion ($9.1 billion) in support to the Sakani Program since its inception, helping more Saudis to own homes, CEO of REDF, Mansour Madi stated on Sunday.
Page 1 of 17