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
Saudi Arabian developer NEOM is set to add around 1,200 residential units to its portfolio, including hundreds of luxury villas and marina apartments. The company recently launched its latest master-planned real estate project, Jaumur, a marina destination off the coast of the Gulf of Aqaba. The project is designed to accommodate more than 6,000 residents
Singapore continues to attract foreign investors with its political stability, robust legal system and ease of doing business. Thanks to these three factors, the property market will continue to exhibit resilience. However, the real estate investment landscape in Singapore does require patience with the focus on a long-term return, especially with the uncertainties and headwinds
Sobha Group, a leading global luxury real estate developer, announced setting up Sobha Furniture’s second factory by signing a land lease agreement with Dubai Industrial City (DIC), the region’s leading industrial hub, to build a facility approximately valued at AED 450 million. The state-of-the-art factory is set to be the largest fully automated facility in
