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Real Estate

Real estate and property news from the Middle East. All the important stories, exclusive interviews, plus authoritative opinion and analysis

Real Estate overview

Real Estate news

High-end cash purchases are keeping the market bouyant

Half-year house sales prompt cautious optimism in Dubai

Transactions of villas and apartments were so strong in the first five months of this year that analysts believe Dubai can withstand the battering that global inflation usually brings. An estimated total of AED61.9bn of property deals were completed between January and May, suggesting that the emirate’s market is fending off any threat from record […]

One in five queries for Dubai homes from Russians

Russian speaking investors continue to look to the emirate’s real estate for deals, as the ongoing Russia-Ukraine conflict intensifies Investors from Russia and the 11 other Commonwealth of Independent States (CIS) countries now represent more than 20 percent of potential homebuyers in Dubai. The average ticket size ranges from AED 2.5 million ($680,000) for individuals […]

Global real estate frenzy fades, as some markets slow

Huge price rises of as much as 50 percent in last few years In Dubai analysts agree affordability will worsen Many have resigned themselves to renting over owning, driving up rents The global property market frenzy that gathered pace during the pandemic as people scrambled to buy more living space is likely over as interest […]

London has long been an attractive area for Middle Eastern investors but they are now turning their sights away from the city centre

Lure of London homes is hard to resist for Arab buyers

International appetite for London’s property market has picked up with Arab buyers expected to play a key role in its post-Covid recovery. The pandemic impacted every sector of the UK economy, with house-buying in England’s capital no exception. As global investment retrenched, the market became increasingly dependent on domestic buyers and resident non-doms for new […]

New-builds rebound as Dubai eyes 1m homes by 2030

Residential real estate project launches in Dubai increased significantly in early 2022, underpinned by renewed positive market sentiment following years of slowdown. After the impact of Covid-19 and dampened market conditions, recent quarters have seen a sharp up-tick in new project launches with Q1 2022 volumes surpassing pre-pandemic levels, according to new data. Prathyusha Gurrapu, […]

Dubai real estate bonanza fuelled by Expo 2020 success

Dubai’s real estate market felt the full impact of Expo 2020’s success in April, with deals soaring to record levels. After the conclusion of Expo 2020 Dubai, 6,983 real estate sales transactions worth AED 18.2 billion ($4.9 billion) were recorded in April – the highest figure for the month since 2009. Secondary market sales transactions, […]

Why Dubai property prices are surging at seven-year highs

Property prices in Dubai are rising at their fastest rate for seven years, according to new data released on Wednesday. Prices in Dubai’s residential market continue to expand, with prime residential prices, encompassing the Palm Jumeirah, Emirates Hills and Jumeirah Bay Island, surging by 58.9 percent over the last 12 months, said real estate consultancy […]

Landscape, Outdoors, Nature

Abu Dhabi sees £2.5bn of property deals in Q1

The volume of real estate transactions in the UAE capital reached AED11.3 billion (£2.5 billion) across 3,304 deals in the first quarter of 2022, official figures reveal. Yas Island, the Abu Dhabi neighbourhood that houses the Formula 1 racing track and several other leisure and entertainment destinations alongside upmarket residential complexes, recorded the largest amount […]

Person, Human, Microphone

Oman’s wealth fund splits assets into two portfolios

The Oman Investment Authority has split its assets into local and foreign portfolios, the state news agency said on Sunday. Abdulsalam al-Murshidi, head of the Omani Investment Authority, said the “Generation Portfolio”, which consists of foreign assets and some local assets in various instruments including public and private markets, in addition to realestate, aims at […]

UAE’s Aldar Properties reports 26.5% Q1 jump

UAE-based developer Aldar Properties on Wednesday reported a 26.5 percent increase in first-quarter profit driven by record quarterly sales and the inclusion of the financial results of Egypt developer SODIC, in which it co-owns a majority share. The company made AED 688 million ($187 million) in the quarter, up from 544 million a year earlier, […]

Turks “bewildered” as rents outpace rampant inflation

Undeterred by industry figures showing rents in Istanbul have doubled inside a year, yoga instructor Ceren Tabak was fully prepared to spend most of her salary on housing costs when she decided last month to look for a home of her own. But she says real estate agents laughed when she quoted them the 6,000 […]

In north Syria, business hub hopes to drive recovery

In an industrial zone in northern Syria’s rebel-held city of Al-Bab, Abu Omaral-Shihabi’s smelter churns out iron bars he says can compete with any produced in Syria and beyond. The industrial zone is an unlikely business hub. It is located on the edge of a city which was once occupied by Islamic State and now […]