Amlak Finance reports $294mln profit to September
Islamic real estate financier, Amlak Finance has reported a 552 percent increase in net profit of AED1.08 billion ($294 million)…
Property & Real Estate
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Markaz report signals sustained robust recovery for UAE's real estate sector
Kuwait Financial Centre 'Markaz' announced the launch of its ‘UAE Real Estate Outlook H1 2021’ report that features indicators signifying…
Omniyat Redefines Dubai’s Penthouse Market
OMNIYAT, the leading luxury real estate developer, has closed the sale of the three most expensive penthouse in the region,…
Sharjah real estate records $1.5bln in transactions for Q3 2021
The real estate sector has shown significant growth during Q3 of 2021, with 16,781 transactions worth AED5.7 billion by the…
Qatar First Bank completes acquisition of 'Ten West Corporate Center One'
Qatar First Bank has announced the acquisition of Ten West Corporate Center One, a 199,000 square foot Class-A, impeccably-maintained and…
Why 'green' finance will increasingly play a key role in GCC real estate investments
Environmental, social and governance (ESG) standards will play a critical role in real estate investment and purchasing decisions over the…
Downtown Dubai luxury penthouse snapped up for $13.6m
The 118, a boutique luxury project by Signature Developers, located in the heart of Downtown Dubai, has just sold one…
Apartment prices in Saudi hit five-year high as property market booms
Apartment values in Riyadh and Jeddah accelerated at the fastest pace in five years over the last 12 months, according…
Saudi's SRC and Bank Aljazira to purchase $80mln real estate financing portfolio
The Saudi Real Estate Refinance Company (SRC), owned by Public Investment Fund, have today signed an agreement with Bank Aljazira…
Dubai developer says he's shocked by property rebound
BARELY a year after predicting Dubai's real estate sector was facing a disaster from oversupply, the billionaire head of one…
RAK Properties' net profits surge 383% in Q3 2021
Ras Al Khaimah: RAK Properties today announced its Q3 net profit surged 383 percent to AED197.9 million compared to AED40.97…
Barwa Group signs financing agreement for Qatar Schools project
Dar Al Eloum for Real Estate Development Company, a fully owned subsidiary of Barwa Real Estate Group, has announced the…