Kuwait's real estate sales value hits US$ 6.1 bn in H1 2019
22nd July 2019
According to *Tradearabia news report, Kuwait's real estate sales value for the first six months surged to hit KD1.88 billion ($6.1 billion) on the back of 3,539 transactions compared to 2,973 deals last year, said a report by Kuwait International Bank (KIB).[..]
RERA: Real estate valuers need license to operate in Bahrain
10th July 2019
According to *ME Construction News report, Bahrain’s Real Estate Regulatory Authority (RERA) has announced that it is mandatory for real estate valuers to have a license if they want to operate in the Kingdom. The new rule requires valuers to participate in RERA’s Continuous Development Programme (CPD) to qualify for and renew their valuer license on an annual basis.[..]
Dubai’s real estate market reaches attractive levels of affordability in H1 2019
4th July 2019
According to *ME Construction News report, Dubai’s real estate market has reached ‘attractive levels of affordability in the first half of 2019, a report from Bayut, a UAE-based real estate portal, has found.[..]
Kuwait's property market witnessed solid growth in April
18th June 2019
According to *Tradearabia news report, Kuwait's property market witnessed solid growth in April with the value of real estate transactions for the month surging to KD385 million ($1.26 billion), up 33 per cent over last year on the back of the sales of commercial, residential, and investment properties, said a report released by Kuwait Financial House (KFH).[..]
CEO of RAK Properties terminated
10th June 2019
According to *Constructionweekonline news report, the chief executive officer of Abu Dhabi Securities Exchange-listed Rak Properties, Samuel Dean Sidiqi, has been terminated from his position at the UAE real estate company one year after he was hired for the role. [..]
Dubai developers taking every precaution not to flood the market with launches
7th June 2019
According to *Gulf News report, developers in Dubai are taking every precaution not to flood the market with too many launches or ready homes. The latest numbers prove this is so. In the first five months, there were just over 3,200 new off-plan units released against 13,684 units for the same period last year. When it comes to completed units and handovers, the slowdown from last year is just as stark — 7,000 homes so far this year against 8,942 units last, according to the latest Reidin-GCP data.[..]
Real estate transactions in Dubai consistent during Ramadan
7th June 2019
According to *Tradearabia news report, real estate transactions in Dubai during Ramadan have been consistent for the past four years, said Property Finder, a pioneering real estate portal in the Mena region in a new report.[..]
Al Masaood Developments bullish on its performance
20th May 2019
According to *The National news report, Al Masaood Developments, the real estate arm of the 50-year-old Abu Dhabi family business Al Masaood Group, is bullish on its performance this year after a restructure and in the wake of the emirate's enactment of freehold ownership rules.[..]
Off-plan developments near Expo 2020 project site garners investors' interest
15th May 2019
According to *Tradearabia news report, the off-plan developments near Expo 2020 project site in Dubai, garnering a high amount of interest from investors, according to UAE real estate portal Bayut.[..]
Eshraq Investments witnesses decline in net by over 70% in Q1 2019
13th May 2019
According to *Constructionweekonline news report, Abu Dhabi Securities Exchange-listed (ADX) real estate and investment firm Eshraq Investments has seen net profits decline by more than 70% in the first quarter of 2019, with revenue also reducing compared to Q1 2018.[..]