Dubai property prices could rise by 6% in 2022 – experts
Residential property prices in Dubai are expected to continue to grow in 2022, supported by Expo 2020 as well as…
Property & Real Estate
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Barwa Real Estate obtains three global accreditation certificates
Barwa Real Estate Group obtained three international accreditation certificates for its compliance with all requirements of the International Organization for…
Prices at World’s Tallest Tower Jump as Dubai Home Sales Boom
The world’s tallest building notched up one of the highest price increases in Dubai’s luxury residential developments last year as…
Alpha Dhabi Holding raises stake in Aldar Properties to 30%
Alpha Dhabi Holding (ADH) has announced the acquisition of an additional 17 percent shareholding of Aldar Properties. The acquisition will…
Dubai-based Emaar Development CEO resigns for personal reasons
The CEO of Emaar Development, Bader Hareb, has resigned after three years in the role, citing personal reasons. Hareb’s…
Real estate is second 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…
Saudi Central Bank issues draft rules on real estate refinancing
The Saudi Central Bank has issued preliminary draft rules on new regulations for real estate refinancing companies. The rules…
Amaar Real Estate and McKinsey & Company sign agreement
“Amaar Real Estate Company” and “McKinsey & Company” for management consultancy have signed an agreement. As per the agreement, the…
Saudi Arabia’s Jadwa launches $66.6m fund to invest in property market
Saudi Arabian asset management and advisory company Jadwa Investment has set up a property fund worth 250 million Saudi riyals…
Kuwait's National Real Estate sells stake in Iraq unit for $15mln
Kuwait's National Real Estate Company (NREC) said it has sold its entire shares in a subsidiary in Iraq for 4.54…
UAE central bank increases oversight of banks’ real estate exposures
The Central Bank of the UAE has announced that an enhanced framework to better monitor and supervise banks’ exposures to…
Ultra-wealthy buyers enable Dubai property sector to escape six-year slump
Dubai’s property sector has been an unlikely beneficiary of COVID-19, with the ongoing pandemic sparking a long-awaited turnaround in 2021.…