Rent2Cash, an Italian startup bringing rental advance services to landlords, offering upfront payouts of up to three years’ rent, has raised a €3 million pre-seed round and launched operations in Italy. The investment is financed by major Italian banking groups, as well as institutional investors and business angels. The company purchased its first rental credits
Mapletree Investments Pte, a Singapore-based property development and management firm, is expanding its global presence with the opening of an office in Abu Dhabi. Mapletree, a unit of Singapore’s state-backed Temasek Holdings PTE, has reportedly re-hired Khairul Abdullah to lead this Middle East expansion, according to a report in international media citing people familiar with
China’s new home prices in June fell at the fastest clip in nine years while property sales and investment slumped, increasing pressure on policymakers for more stimulus to prop up the battered sector as it struggles to find a bottom. New home prices slid 4.5% from a year earlier, hitting the lowest since June 2015,
Dubai-based Emaar Properties has announced that it had recorded remarkable progress during the first half with 30 launches successfully completed resulting in the sale of 8,400 units, up 56% over last year. Celebrating the key achievements at its mid-year internal staff rally, Emaar’s leadership reviewed and shared the company’s operational performance and way forward. During
Abu Dhabi is running out of office space due to strong demand from hedge funds and other major businesses. Occupancy rates in Al Maryah Island, home to the emirate’s international financial district, have so far reached nearly 100%, international media reported, quoting a representative for the Abu Dhabi Global Market (ADGM). “With growing demand for
A six-bedroom villa on Jumeira Bay island has fetched Dh240.5 million, clearing the way for a new record for a location that’s been known as the ‘Billionaire’s Island’. This ‘not only sets a new record for the highest sale on Jumeirah Bay Island to date but also shatters previous records by a significant margin’, says
Rents have reached record highs due to unprecedented demand for uber-luxury properties in Dubai, with 270 rental transactions signed in the first five months of 2024 with annual rents of Dh1 million or more. This shows that the UAE continued to attract high net-worth individuals, or millionaires, from across the globe who are making the
Rusmin Lawin, Global Ambassador of Real Estate Indonesia since 2008, straddles the property market like a colossus. With stellar achievements, he acts as the conduit linking the investment ecosystems of Asia-Pacific and the Middle East. Rusmin has not only led from the front, catalysing the development of the country and the region with his initiatives,
International investors are skirting German property deals as they dial back on a market in its worst crisis in a generation, potentially deepening the scars on Europe’s biggest economy. Foreign buyers accounted for 35% of purchases of commercial real estate in the first quarter, data from BNP Paribas Real Estate shows. That is less than
China recently announced steps to stabilise its crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding and easing mortgage rules, and local governments set to buy “some” apartments. Investors hoped the measures marked the beginning of more decisive government intervention to compensate for waning demand for new and
