Real Estate Middle East buyers’ share of UK property demand grows Prospective buyers from the Arabian Gulf and the wider Middle East are taking up a larger share of total international interest in UK real estate, the property broker Hamptons has found. However, total overseas demand for property in the British Isles appears to be falling, Hamptons said. International applicants as a share of the total […] April 9, 2025
Infrastructure Egypt secures France and EU funds to build infrastructure Egypt has signed agreements with France and the European Union (EU) worth €262 million ($290 million) to support its infrastructure projects. The agreements were signed this week during the visit of French President Emmanuel Macron to Egypt, local media reported. Cairo signed €132 million financing and grant agreements with the EU and the French Development […] April 9, 2025
Analysis Real Estate Shortage of Dubai homes forces buyers to go off-plan A shortage of completed homes for sale in Dubai is pushing people to buy off-plan properties, which have hit record highs in terms of units bought and as a proportion of purchases. Off-plan investors in the emirate have long had to fund their own purchases, but the growing importance of yet-to-be-completed properties may spur more […] April 9, 2025
Analysis Infrastructure Oil price raises $1 trillion question for Saudi Arabia Questions are being raised about the long-term future of Saudi Arabia’s trillion-dollar infrastructure strategy as oil prices hit a four-year low and global stock markets tumble, according to economists. For the world’s second-largest oil producer, much depends on the trajectory of crude prices. The price of Brent crude has fallen by about 13 percent to […] April 8, 2025
Real Estate Oman mortgages surged last year on falling property prices The value of mortgage transactions in Oman surged by almost half last year as declining property prices and marginally lower interest rates pulled in first time and other buyers, including from the UAE and around the Gulf. The total value of mortgages – from a total of 20,680 agreements – rose 46 percent to OR […] April 7, 2025
Entrepreneurs 60 seconds with Satish Sanpal, chairman of ANAX Holding Satish Sanpal established ANAX Holding in Dubai in 2018 as a diversified investment entity. Today, ANAX Holding operates across multiple sectors, including real estate development, hospitality and financial services. ANAX Developments, one of its key subsidiaries, has emerged as a prominent real estate developer in Dubai, delivering high-demand projects across the city. What one piece […] April 4, 2025 In association with
Real Estate Dubai villa sales double in February Dubai villa sales, many of which were off-plan, doubled in February this year compared to the same month in 2024, helping to drive rapid growth in the emirate’s property market, according to a market survey. February property sales in Dubai totalled $14 billion – a 40 percent increase on February last year, according to real […] April 2, 2025
Construction Review deals latest blow to Sidara’s takeover of John Wood UAE construction consultancy Sidara is facing another setback in its planned takeover of British oil services firm John Wood Group, which this week said it had to restate its financial results and probably suspend its shares after a review found information had been withheld from auditors. Dubai-based Sidara, formerly Dar Global, was in discussions last […] April 1, 2025
Real Estate Golden visa lure draws Turks to Dubai real estate An increasing number of Turkish citizens are investing in real estate overseas, with Dubai and Greece emerging as top destinations, according to a news report. Last year, Turks spent more than $2.5 billion, up 21 percent year on year, in foreign property purchases, Daily Sabah newspaper reported, citing central bank data. In January 2025 alone, […] April 1, 2025
Infrastructure Next phase of Jordan-Iraq power link due by late July The second phase of a Jordan-Iraq electricity interconnection project is set for completion by the end of July, a news report has said. Almost 95 percent of the project’s civil works have been finalised, with installation of electrical equipment and essential testing remaining, Jordan News Agency reported citing Sufyan Batayneh, director general of the state-run […] March 31, 2025
Infrastructure Turkey to tender rail project under Development Road plan Turkey plans to float a tender for a new rail project that is part of the Development Road Project, a new freight link planned between Asia and Europe, according to a news report. The tender will be issued in the coming months, Daily Sabah newspaper reported, citing transport and infrastructure minister Abdulkadir Uraloğlu. Ankara is […] March 31, 2025
Real Estate Foreign buyers fuel Abu Dhabi real estate growth Increased interest from international buyers is helping to fuel the growth of Abu Dhabi’s real estate market. Aldar Properties, Abu Dhabi’s largest real estate developer, reported a sales increase of 20 percent in 2024, with much of this growth down to foreign buyers, the company’s CEO says . Aldar’s value of sales to foreigners residing […] March 28, 2025
Real Estate Emaar’s overseas units struggle to match home gains Dubai real estate developer Emaar Properties is doing well at home but its international operations – notably in India – are more chequered. Last year, Emaar posted a near 50 percent increase in earnings to AED5 billion ($1.4 billion). Its shares on the Dubai Financial Market are up 5.5 percent so far this year. By […] March 28, 2025
Construction Modon to build industrial zone near Egypt’s Ras El Hekma A joint venture between Abu Dhabi-listed Modon Holding and Egypt’s Elsewedy Industrial Development is planning to build a new industrial zone near the $35-billion Ras El Hekma megaproject. The two companies have signed a letter of intent for the project, state-run news agency Wam reported. The 10 million sq m new industrial zone, located south […] March 28, 2025
Real Estate Mubadala puts more money in US commercial lender Abu Dhabi’s Mubadala Investment Company has increased its investment in 3650 Capital, a US commercial real estate lender. The UAE sovereign fund and California State Teachers’ Retirement System (CalSTRS), a pension fund, two existing investors, have invested $215 million to allow the US lender to broaden its investment products, 3650 Capital said in a statement. […] March 28, 2025
Video length: 04:10 VIDEO Giga-projects Saudi Arabia must capitalise on curiosity to grow investment Fulfilling the bold ambitions of Vision 2030 will require more foreign direct investment and private sector participation. AGBI spoke to Ali Raza, CIO at Saudi Arabia Holding Company, to find out about the impact of falling FDI. Raza says that although FDI inflows in 2024 have “perhaps not been at the levels we would like […] March 27, 2025
Giga-projects Saudi jobs growth ‘likely to halve’ as PIF reins in spending Employment growth in Saudi Arabia will halve by 2026 as the kingdom reins in spending and focuses on delivering Vision 2030 projects, recruitment and real estate specialists are saying. Growth in recruitment for jobs in the Saudi economy, after hitting a high of nearly 10 percent in 2022, will slow to 3 percent by 2026, […] March 27, 2025
Real Estate Tabreed explores buying Multiply’s cooling business National Central Cooling Company, also known as Tabreed, is exploring a bid for Multiply Group’s district cooling business that could be worth at least $1 billion, two sources with knowledge of the matter told Reuters. Dubai-listed Tabreed is working with Citi on the potential offer for Multiply’s PAL Cooling Holding (PCH), said the two sources. […] March 27, 2025
Construction Morocco raises $2.2bn to fund World Cup projects Morocco has reportedly generated €2 billion ($2.2 billion) in new loans to fund developments needed to co-host the 2030 Fifa World Cup. The euro-denominated bonds are the first to be issued in five years, Bloomberg reported. The four- and 10-year bond tranches were priced at 155 and 215 basis points, narrower than the previous estimate, […] March 27, 2025
Construction Drake & Scull swings to $1bn profit post-restructuring Drake & Scull International turned a profit last year following the completion of its restructuring plan. The contracting company, which trades on the Dubai Financial Market, swung to a net profit of AED4 billion ($1 billion) last year, compared to a net loss of AED367 million in 2023. Revenue marked a 20 percent rise to […] March 27, 2025
Real Estate UAE dominates UK overseas mortgage market Property buyers from the Middle East – particularly the UAE – are among the top international clients for UK mortgage brokers, according to new research. About 30 percent of 300 brokers surveyed by investment company Raw Capital Partners said they had arranged mortgages for clients from the Middle East and UAE over the past five […] March 25, 2025
Real Estate Bahrain struggles to fill existing office space as supply grows Bahrain is facing difficulty in filling its available office space even as the kingdom prepares for more supply. Demand for the space is “weak”, with limited interest from existing businesses and new entrants, commercial real estate services and investment provider CBRE said in a report. The Gulf state, the smallest by population in the six-member […] March 25, 2025
