Construction RAK sets out $272m plan for ‘our version of Central Park’ Ras Al Khaimah is preparing an AED1 billion ($272 million) mixed-use masterplan to link two of its most prominent waterfront developments – Al Hamra and Al Marjan Island. The project is being led by Marjan, the master developer of freehold properties in the northern emirate, and will have its official launch later this year. “What […] April 24, 2025
EXCLUSIVE Real Estate Dubai Investments plans IPO before year end, says CEO Dubai Investments is preparing to sell shares in four subsidiaries to the public and may list one of them before the year end, its CEO Khalid bin Kalban has told AGBI. The government-backed company manages AED22.1 billion ($6 billion) of assets in the UAE and beyond, in sectors including real estate, construction and building materials […] April 22, 2025
Real Estate Property market in Oman cools Oman’s real estate market slowed in February, as total deal value fell 8 percent year-on-year to OR362 million ($941 million), the state-run Oman News Agency reported. The figure dropped from OR395 million in February 2024, the news agency said, citing data from the National Centre for Statistics and Information. Despite the overall market cooling, transaction […] April 21, 2025
Real Estate Istanbul needs more houses as Turkey’s largest city grows Istanbul, Turkey’s largest city, will need 122,000 new homes every year to support its growing population, a PwC report has said. The city will need 1.22 million houses over the next 10 years with the population expected to rise by 3 percent to 16.2 million by 2034, Hurriyet Daily newspaper reported, citing PwC Turkey. The […] April 21, 2025
Real Estate Turkish property sales jump may temper on market turmoil Turkish property sales rose by 20 percent in the first quarter, but recent political unrest and economic uncertainty from mid-March onwards may weigh on the market. The number of property transactions rose to 335,786 in the three months to March 31 compared with the same period last year, according to data issued this week by […] April 16, 2025
Real Estate Majid Al Futtaim unit to invest $5bn in Riyadh project Dubai-based Majid Al Futtaim Properties is set to develop a SAR17.5 billion ($4.7 billion) mixed-use project in Riyadh as part of its strategy to expand its regional real estate footprint. The project will cover 850,000 sq m, Arabic news portal Al Arabia reported, quoting CEO Ahmed El Shamy. He said engineering designs are in progress, […] April 16, 2025
Real Estate Egypt and Saudi Arabia plan joint real estate fund Saudi Arabia and Egypt are planning to create a joint fund to carry out real estate projects in the two countries, an Egyptian official has revealed. Egypt, which is locked in an IMF-recommended programme to stimulate its economy, also wants Saudi investors for new projects in central Cairo, in line with a plan to be […] April 14, 2025
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
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
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
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
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
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
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
Real Estate Dubai moves to formalise real estate tokenisation Dubai is running a pilot scheme that allows for the tokenisation of property title deeds, the first jurisdiction in the Middle East to do this. Tokenisation is the process of creating and trading digital tokens that are backed by real-world assets on a blockchain. It enables direct and verifiable peer-to-peer transactions. Through the process, a […] March 20, 2025
Real Estate Emaar in talks with Adani over $1bn sale of Indian business Dubai real estate developer Emaar Properties is in talks with India’s Adani Group to sell its Indian business for $1.4 billion, according to reports. The billionaire Adani family and Emaar are discussing the structure of a transaction, Bloomberg said, without identifying sources. An agreement could be reached as early as next month. Emaar India started operations […] March 20, 2025
