Results for
real estate
116 Results-
Dubai's property sales set to surpass $80bln in 2023 as rich investors flock: Report
A surge in property investment from high-net-worth individuals (HNWIs) between 2012 to 2022 has placed Dubai’s real estate market on a trajectory to ... Gulf -
Tourist influx in Dubai sets positive pace of growth for hospitality sector: JLL
Fueled by a steady influx of tourists from three top source markets, namely, India, Russia, and Oman, the UAE’s hospitality sector witnessed a strong ... Economy -
Metaverse, tokenization to revolutionize real estate sector: Dar Global CEO
While the global paradigm shift to digital is evident, UAE and the region in their quest for economic diversification have set their pace for ... Economy -
Saudi Arabia’s real estate prices increased in Quarter 4 of 2022: GASTAT
Real estate prices in Saudi Arabia increased by 1.6 percent in the fourth quarter of 2022, mostly driven by a rise in residential property prices, ... Saudi Arabia -
Investcorp to invest $1 billion in Saudi Arabia’s real estate over the next five year
Investcorp Holdings, one of the largest asset managers in the Middle East, plans to invest as much as $1 billion in Saudi real estate over the next ... Financial Markets -
New developments poised to enter Dubai property market
A plethora of new developments are expected to launch and be developed in Dubai this year as realtors say the position of the UAE as a safe ... Gulf -
Saudi's SRC looks to issue debut dollar bonds in first quarter of 2022: CEO
Saudi Real Estate Refinance Company (SRC) will look to issue its first US dollar-denominated Islamic bonds in the first quarter of 2022, market ... Economy -
Saudi Arabia real estate market showing signs of COVID-19 recovery: Report
Saudi Arabia’s real estate market has begun to show an overall improvement in business activity following a downturn caused by COVID-19, a report ... Economy -
Dubai’s Union Properties will restructure debt amid real estate dip
Union Properties PJSC is restructuring debt and trimming costs to weather a slump in Dubai’s real estate market.“We are focusing on restructuring our ... Economy -
Coronavirus: New York, London millionaire mansions hit hardest by COVID-19 sale slump
Sales of New York’s most expensive homes cratered by 70 percent in the first half, the biggest decline among the world’s priciest cities.Just 41 ... Coronavirus -
Coronavirus: Saudi Arabians set to swap buying for renting amid COVID-19 hardship
Saudi Arabians are likely to shift towards renting homes over purchasing, a new report from real estate firm JLL said.The coronavirus pandemic has ... Coronavirus -
Dubai-listed Arabtec swings to annual loss, blames real estate slowdown
Dubai-listed Arabtec Holding swung to a 774.5 million dirham ($210.9 million) net loss in 2019 from a profit of 256.3 million dirham in 2018, the ... Financial Markets -
Dubai’s oversupplied property sector to add more new homes in 2020
Dubai is expected to this year see the biggest number of new homes completed in more than a decade, adding to pressure on a once-booming but now ... Financial Markets -
Veterans of Dubai’s Near-Default Have a New Mission 10 Years On
Dubai is turning to two of its most trusted officials to steer its key companies through a drawn-out slowdown, a decade after they helped pull the ... Economy -
Dubai real estate market prices set to stabilize: DAMAC Chairman
Prices in the Dubai real estate market are set to stabilize in 2020, according to Chairman and CEO of DAMAC Properties Hussain Sajwani. “Today ... Economy -
Barclay brothers in talks to sell Ritz hotel to Saudi investors: FT
The Barclay brothers are in talks to sell London’s 114-year-old Ritz Hotel to Sidra Capital, an investment group of wealthy Saudi Arabian ... Economy -
Saudi Arabia is home to 500 bln riyals of untapped mortgage potential: Al Rajhi
The size of untapped mortgage potential in Saudi Arabia currently stands at 500 billion riyals ($133.26 billion), according to Riyadh-based Al Rajhi ... Business -
Expo 2020 unlikely to end Dubai’s ongoing real estate slump: S&P
The upcoming Dubai Expo 2020 will help hotels and retailers, but is unlikely to materially improve long-term conditions in the city’s ... Business -
Dubai’s DAMAC posts 78 percent drop in third quarter profit
DAMAC Properties, owner of the only Trump-branded golf club in the Middle East, reported on Wednesday a 78 percent drop in third quarter profit amid ... Economy -
UAE central bank proposes new lending rules for real estate sector
The United Arab Emirates’ central bank proposed on Thursday a new regulatory framework to prevent banks from becoming overly-exposed to the ... Economy -
Regulatory reforms to boost Dubai’s office space appeal: Knight Frank
Recent reforms in the real estate sector will boost Dubai’s appeal in the long run to a larger cohort of firms that are looking to open and ... Business -
UAE bank assets under pressure by weakening property sector: Fitch
UAE-based banks are increasingly at risk from their asset quality deteriorating as the country’s domestic real estate weakens, with prices now ... Economy -
Dubai committee to regulate real estate market
Dubai announced on Monday it would establish a Higher Real Estate Planning Committee to enable the emirate to manage its real estate supply and demand ... Economy -
Dubai house prices to fall sharply
Dubai house prices will decline sharply this year and next, according to property market experts in a Reuters poll, who said a slowdown in the economy ... Economy -
GCC’s largest REIT manager considers up to $54 mln in real estate deals by 2020
Equitativa, the largest REIT manager in the GCC and manager of Emirates REIT, said Wednesday that the organization is looking at investing up to 200 ... Economy -
Saudi asset manager completes $338 million of real estate exits
SEDCO Capital, a Saudi Arabia-based and sharia-compliant asset manager, announced Monday that it has exited seven global real estate investments for a ... Economy -
Qatari banks face growing risks from real estate downturn, says Fitch
Qatari banks face growing pressure from high exposure to the country’s sluggish real estate market, hit by oversupply tied to preparations for ... Financial Markets -
Saudi Real Estate Refinance Co. issues $200 mln sukuk
Government-owned Saudi Real Estate Refinance Co. (SRC) said on Wednesday it had completed a 750 million riyal ($200 million) sukuk issue with multiple ... Economy -
Report: New York’s iconic Chrysler building to sell for $150 mln
The owners of the Chrysler Building have reached a deal to sell the iconic New York City building for “a little more than $150 million,” ... Financial Markets -
Qatar’s oversupplied property market faces reality check ahead of World Cup
Qatar’s Doha Tower, a spike-tipped cylinder that glows orange at night, won an award when finished in 2012 amid a Gulf-wide real estate boom, ... Features