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Saudi Arabia's real estate prices jump by 0.5% in Q3 2021: GASTAT
Annual real estate prices in the Kingdom rose by 0.5 percent in the third quarter of this year, official data revealed.
Over 86,000 Saudi families benefit from Sakani subsidized loans
More than 86,000 Saudi families benefited from the Housing Ministry’s Sakani program subsidized real estate loans since the beginning of the year till September, the Saudi Press Agency reported on Sunday.
Sakani Housing Program issued 1,664 contracts for residential lands in September
The Saudi Sakani program issued 1,664 residential land contracts during September as part of its drive to increase homeownership among Saudi families, SPA reported.
Expo 2020 Dubai lifts demand for ready-to-move-in properties
Dubai has commenced with all its glory, and visitors have started to pour in from every part of the world. This has resulted in a higher demand for ready properties in the emirate.
Dubai real estate transactions exceed Dh100 billion mark
Real estate transactions in Dubai crossed the Dh100 billion mark in September due to the growth in monthly sales transactions and their values leading up to Expo 2020 has been phenomenal.
Saudi Arabia’s real estate deals rise by 19%
The value of real estate transactions in Saudi Arabia increased by 19 percent to approximately SR15.59 billion ($4.1 billion) in the period between August and September, as compared to SR13.12 billion in the same period last year, Argaam reported citing figures issued by the Justice Ministry.
Jadwa Investment eyes luxury Riyadh complex through new $98m REIT fund
Advisory firm Jadwa Investment has launched the second offering of its real estate investment trust (REIT) Saudi fund to acquire a luxury retail and office complex in Riyadh.
Saudi Arabia sets brokerage rules for off-plan property sales
Saudi Arabia’s off-plan sale or rent program, known as Wafi, has announced the rules governing the licenses of real estate brokers marketing small and medium-sized projects as it seeks to increase transparency and reliability in the sector, SPA reported.
Sheikh Mohammed announces Dh65-billion housing project for Emiratis
The Ruler of Dubai has approved a Dh65-billion fund for an Emirati housing programme in the city, it was announced on Wednesday. The budget will be spent over the next two decades to ensure decent shelters for the UAE nationals.
ROSHN pledges to create 170k jobs by 2030
ROSHN, a real estate company owned by the Public Investment Fund, launched a leadership program Himam as part of its plans to create 170,000 jobs by 2030.
Saudi Real Estate Co. to raise $426.4m to finance Qiddiya, Roshan projects
Saudi Real Estate Co. (Al Akaria) plans to raise SR1.6 billion ($426.4 million) via priority rights issue to finance projects and plans including Qiddiya, Roshan and other major projects related to Vision 2030, CEO Ibrahim Al-Alwan confirmed in an interview on Tuesday.
Saudi Real Estate Co. proposes capital raise via priority rights issue
The Saudi Real Estate Co. is considering issuing priority rights to raise SR1.6 billion to finance its future projects, the company said in a filing to Tadawul.
Saudi Arabia announces the General Real Estate Authority new role
The Saudi Cabinet recently agreed to amend the regulation of the General Real Estate Authority to make its primary role to register properties in the Kingdom, and to work on organizing, supervising and developing non-governmental real estate activity, the official Umm Al-Qura paper reported.
Saudi Real Estate digital exchange to launch in Q4 2021, says MoJ official
A digital platform for buying and selling Saudi real estate that will launch before the end of this year will reduce errors, while increasing fairness, speed, and efficiency of property transactions.
Saudi mortgage lending picks up in July 2021
More Saudis have taken out new mortgages in July after a short slump in June, however, the total banks lending to the real estate  sector is still higher in the first six months of this year compared to last year as the effects of the pandemic have eased, official data showed.
Where you can rent an apartment for Dh9,000 a year
Residential rents in Sharjah dropped around eight to nine per cent in the second quarter as against the same period last year.
KSA ‘being reborn’ as Vision 2030 unleashes $1tn real estate and mega-projects
Almost $1 trillion of real estate and infrastructure projects have been announced across Saudi Arabia since 2016 as the Kingdom’s economy is transformed under Vision 2030, analysis carried out by global property consultant Knight Frank has revealed.
Dubai's most affordable areas for tenants: Rents start from Dh14,000
The vast majority of communities across Dubai recorded rental rate growth in the second quarter of 2021, resulting in an average increase of three per cent and eight per cent for apartments and villas, respectively.
Dubai villa, apartment prices to rise modestly in coming years
Dubai's residential property market is on a steady course, with prices expected to rise modestly over the next couple of years, according to a Reuters poll of housing analysts who say property prices there will remain affordable during that time.
Dubai property demand set to pick up further
Demand for residential property in Dubai will pick up further in the coming years as foreign investors are snapping up unsold units amidst a steady recovery in prices, says founder and chairman of Danube Group.
UAE: How to own an apartment by paying monthly 'rents'
A few developers in the UAE, mostly in Dubai, are offering rent-to-own schemes as demand and popularity for such projects has grown in recent years, say real estate industry executives.
Saudi real estate authority launches online application tracking service
Saudi Arabia’s Real Estate General Authority on Monday launched an electronic service that allows people to track the progress of compensation requests for real estate expropriated in public interest, the Saudi Press Agency (SPA) reported.
Dubai realty stages V-shaped rebound as H1 deal value surges 113pc
Dubai’s residential property sector witnessed a V-shaped recovery in the first half of 2021 subsequent to a bottom out in November 2020, a property investment and technology platform said in a research report.
Saudi property market adapts to new tax
The Saudi Zakat, Tax and Customs Authority registered over 543,000 transactions related to the Real Estate Transaction Tax (RETT) since its implementation in October 2020, the official Saudi Press Agency (SPA) reported.
Sharjah, Ajman continue to attract tenants, investors
The real estate markets in Sharjah and Ajman continued to record stability in sales and rental prices in the first half of 2021, according to Bayut & dubizzle.
Saudi Arabia’s real estate price index rises by 0.4% in Q2
The real estate price index in Saudi Arabia rose by 0.4 percent in the second quarter of 2021 compared to the same period of the previous year, official data showed on Sunday.
Saudi Arabia increased support for housing sector in July
Saudi Arabia’s Sakani housing program beneficiaries received SR734 million ($195.7 million) from the Ministry of Municipal and Rural Affairs and Housing and The Real Estate Development Fund (REDF) in July, up from SR587 million a year earlier, SPA reported.
$196 million injected into Saudi home loans fund
The Real Estate Development Fund (REDF) has deposited SR734 million ($196 million) into the accounts of people benefiting from the Sakani program for July.
Momentum in Dubai real estate to carry over into rest of 2021
Dubai’s property sector will sustain a positive momentum in the second half of 2021 as visa reforms, successful Covid-19 vaccination plan and government measures to support the economy spur demand and manage oversupply, experts say.
Reportage Properties sales surge 107% in first half as demand surges
Reportage Properties on Monday said its first-half sales surged 107 per cent to Dh704 million as the investors and end-users purchased residential units amid fear of rising property prices.
Dubai: Highest property deals in 8 years recorded in June
Dubai recorded in June the highest real estate sales transaction volume since December 2013 with 6,388 deals worth Dh14.79 billion, taking the year-to-date total deal value to Dh61.97 billion, according to the latest data from Property Finder.
Dubai realty market booms, as rich Indians eye their second homes
Affluent Indians continue to invest in properties in Dubai, despite the Covid-19 pandemic because the emirate tops as a dream destination.
KSA residential sales volumes recover to pre-pandemic levels
Residential sales volumes in Saudi Arabia have recovered to pre-coronavirus (COVID-19) levels, reaching their highest level for five years, according to a new industry report.
Dubai high-rise construction makes a comeback with Business Bay skyscraper
Deyaar Development has revealed plans for a 1 billion dirham ($272 million) skyscraper in Dubai as high-rise construction in the emirate revives.
Apartment living, e-commerce centers the key trends as Saudi real estate rebounds from 2020
The COVID-19 pandemic has impacted the Saudi property market in many ways, with a number of trends emerging, such as a focus on apartment living, the growth of e-commerce impacting the warehouse and retail sector and the reopening of international movement spurring a rebound in the hospitality sector.
Dubai realty keeps its poise, posts transactions worth Dh11B+
Dubai’s resilient real estate sector continued to witness a steady surge in investments by recording 5,359 deals worth over Dh11 billion in May.
Saudi Arabia says real estate advertisers must be citizens
Only Saudis can advertise real estate in the Kingdom, according to the new Real Estate Ads Controls, issued by the General Real Estate Authority, Okaz newspaper reported.
Saudi-backed real estate startup in talks to expand into KSA
Stake, a Dubai-based financial technology (fintech) and real estate investment platform backed by Saudi investors, is in talks to expand into Saudi Arabia.
Dubai property booms as wealthy buyers escape lockdowns
Dubai’s property market is powering out of a six-year malaise as “lockdown dodgers” and wealthy international investors drive a buying frenzy that is breaking records and fueling an economic recovery.
Dubai posts property deals worth Dh36b in four months
Dubai’s real estate sector recorded 4,832 sales transactions worth Dh10.98 billion in April 2021, the highest value in four years, specifically since March 2017.
Reportage Properties sales grow 200% in 4 months
Reportage Properties has said its sales surged more than 200 per cent in first four months of this year, reflecting a strong rebound in real estate sector.
Dubai property mania is back as Nakheel sells 800m dirhams of villas in 4 hours
Worries about the coronavirus pandemic appeared to be the last thing on property investors’ minds on Thursday as they snapped up 800 million dirhams ($218 million) of villas at Nakheel’s Murooj Al Furjan community in just 4 hours.
Investors flock to buy Dubai realty in Ramadan
Dubai’s real estate market continued its upward trend during the holy month of Ramadan despite reduced working hours as investors flocked to purchase apartments and villas amid fears of a price increase in the coming weeks.
Saudi bank mortgage portfolios to expand 30 percent annually says S&P
Strong housing demand and the government’s commitment to meet Vision 2030 targets is expected to support Saudi credit growth over the next two years, S&P said.
Dubai’s realty posts Dh1.03b deal
Dubai’s real estate and properties transactions valued for the week ending May 10 was estimated at at Dh1.03 billion in total. The sum of transactions were 621. Around 50 plots were sold for Dh216.09 million and 417 apartments and villas were sold for Dh815.89 million.
Real estate prices in Kuwait still high, but could drop this year
The price of real estate in residential areas in Kuwait is still high and even increased compared to last year, despite the pandemic that negatively affected the economy. But economist Hajaj Bukhadour expects property prices in residential areas will drop this year.
Supply of new residential units stays strong in Q1 at 10,500
Supply of new residential units in Dubai is going strong even during the Covid-19 pandemic with nearly 10,500 residential units handed over in Dubai during the first quarter 2021.
Waha Capital posts Dh111 million profit in Q1
Waha Capital delivered an overall Q1 profit of Dh111 million as both the public markets and private investments businesses demonstrated robust performance, while the global economic outlook continued to improve due to Covid-19 vaccination efforts.
Vaccination drive boosts Dubai luxury home sales
Dubai’s high-end real estate property sales almost doubled in March to 84 units sold – worth around 1.7 billion dirhams ($462.8 million) – compared to the previous month.
Saudi mortgage issuance jumps 56% YOY in March led by house financing
Saudi Arabian banks issued 31,826 mortgages in March 2021 worth a record SR16.95 billion ($4.5 billion), an increase of 56 percent from the same period in 2020, according to the country’s central bank.
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