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Saudi banks’ real estate loan portfolios hit $213.5bn in Q1 2024
Saudi banks’ real estate loan portfolios reached SR800.5 billion ($213.5 billion) in the first quarter of 2024, a 13 percent increase from the same period last year, the latest official data showed.
Bahrain’s real estate sector holding steady, report says
Bahrain’s real estate sector remained steady in the first quarter of this year, with 6,124 sales transactions, representing a marginal 3 percent year-on-year decline, an analysis showed.
Riyadh residential market sales surge 77%: CBRE report
Saudi Arabia’s residential market experienced robust growth in demand, with Riyadh witnessing a 77 percent year-on-year increase in sales transactions in the first quarter, a new report showed.
Saudi Arabia prioritizes real estate sector with 18 legislative initiatives to drive growth
The Saudi government is prioritizing the real estate sector, enacting over 18 pieces of legislation to drive its growth and significantly boost its gross domestic product.
Saudi property forum to enhance local real estate supply chain access
Saudi real estate firms are poised to gain improved access to the supply chain with major industry players set to gather in Riyadh for an event designed to enhance cooperation and forge partnerships.
UAE: 50 fines issued against real estate agents, 7 licences suspended for violating rules
Several real estate agents were fined, and brokerage licenses were suspended for non-compliance with real estate rules and regulations in Abu Dhabi.
Dubai: Why some investors have put property sales on hold
Many investors are demanding higher rates than earlier for their properties on sale in Dubai South and its vicinity, while many of them have decided to hold off the sales for the time being. Reason: The announcement of the relocation of the Dubai Airport (DXB) airport to Dubai South.
Dubai Real Estate Brokers Program attracts 25 strategic partnerships
Dubai’s property market is set to grow, with the Real Estate Brokers Program securing 25 partnerships with brokerage companies and developers in the private sector.
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.
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.
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.
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.
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.
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.
‘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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Qatar real estate booms with deals worth $48m recorded in last week of July
Qatar’s real estate sector is witnessing increased business activities with the volume of total sale contracts signed during the last week of July reaching 175.52 million Qatari riyals ($48 million), the latest data from the Real Estate Registration Department at the Ministry of Justice showed.
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.
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.
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.
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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