Dubai Developer Announces Completion of Afnan District
Dubai developer announces completion of Afnan District which offers more than 650 homes Deyaar Development has completed work on the Afnan District in its flagship Midtown project, with unit handover beginning imminently. Afnan District is the first to be completed of the six districts in Midtown’s urban community which... Read more
Real Estate Transactions in Qatar Top QR1.46 Billion in September
The volume of real estate transactions in Qatar has exceeded QR1.46 billion in September, while the real estate index recorded a rise of 151 percent compared to August, according to data released by the Department of Real Estate Registration at the Ministry of Justice on Sunday. In September, 407... Read more
Abu Dhabi Real Estate Industry Close to Bottoming Out
The downward corrections witnessed in Abu Dhabi’s real estate industry during the second quarter appear to have slowed in the Q3 suggesting the market could be close to bottoming out, said a report by leading international real estate services firm Chestertons. Sales prices and rental rates have marginally declined during... Read more
Dubai Real Estate ‘Fairly Priced’ says UBS Global Survey
Property in Dubai is ‘fairly priced’, according to the latest UBS Global Real Estate Bubble Index, The annual study by UBS Global Wealth Management indicates bubble risk or a significant overvaluation of housing markets in half of all evaluated cities. However, although Dubai’s housing market remains oversupplied, despite prices... Read more
Dubai’s Real Estate Sector Contribution to UAE’s GDP Posts 13.6 Percent Growth
Dubai’s real estate sector is making a significant contribution to the emirate’s GDP growth with the figures posting a 13.6 per cent growth last year compared to 6.9 per cent in 2017 and 6.8 per cent in 2016, according to a report by Dubai Land Department (DLD). The improvement... Read more
Saudi Arabia Starts Working on $633 Million Residential Development
Saudi Arabia has started work on Madinat Al Wouroud, a SR2.38-billion ($633 million) residential development coming up over a sprawling 6.3-million-sq-m area in Taif region of the kingdom, said a report. The residential community development will feature a total of 4,775 villas, with starting prices of SR499,000 ($132,813), reported Saudi... Read more
Dubai Developer Nakheel Launches Villas for Sale in Nad Al Sheba
Dubai developer Nakheel has launched a collection of ready-to-occupy, family villas for sale at its new Nad Al Sheba community. Around 100 four and five bedroom homes are available to UAE and GCC nationals at the new development, which is located just off Sheikh Mohammed Bin Zayed Road, close... Read more
Abu Dhabi Releases Second Installment of Housing Loans Amounting $435 Million
Abu Dhabi has ordered the release of the second instalment of housing loans, numbering 1,000 and valued at Dh1.6 billion ($435.61 million) for this year. Upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of... Read more
Real Estate’s Trade Volume Descend Rapidly by 21 Percent in Jordan
Despite several recent measures taken by the government to rescue the ailing sector, the real estate’s trade volume continues to plummet, falling by 21 per cent during the first seven months of 2019, compared with the same period last year, according to figures issued by the Department of Statistics... Read more
Dubai House Rents Plummets in H1 2019
Analysts at Kamco Research said the highest declines in second quarter was witnessed in the affordable housing category. Compared to two years ago, apartment rents are more than 20 per cent cheaper, they said. Rents of two-bedroom apartments in this category declined by 4.6 per cent quarter on quarter... Read more