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
Hong Kong property sales may have hit a 10-month high in March following the removal of all of the city’s property cooling measures, two leading property agencies said. Midland Realty and Centaline Property Agency, two of Hong Kong’s largest real estate agencies, said the total number of transactions could have breached the 5,000 deals mark
With a multitude of successful operations in Europe and the Middle East, securitization and wealth management company DHF Capital SA recently ventured into the thriving market of Bahrain with the goal of providing value to stakeholders and investors and promoting long-term, sustainable growth in the country. As the GDP of the GCC is expected to
The real estate landscape of Japan now boasts of a new tallest skyscraper, the Mori JP Tower. Rising to a height of 325.2 metres (1,066 feet) in Tokyo, the building is designed to reduce its grid-based energy usage with sustainability features and to be resilient in the face of the country’s seismicity. The Mori JP
JLL Income Property Trust announced the acquisition of Creekview Crossing, a 183-unit apartment community located in the suburban Portland market of Sherwood, Oregon. The purchase price was approximately $61 million and includes the assumption of an in-place $26 million mortgage loan, which has a below-market interest rate. The JLL Capital Markets Investment Sales Advisory team
According to Savills Hong Kong, strong demand for premium houses on the Peak contrasts with low interest in luxury rentals priced between HK$100,000 and HK$200,000. Diverse tenant profiles and budget constraints complicate the market, but local interest grows in mid-high-end rentals, maintaining a sustained occupancy rate of 70%. The Hong Kong residential leasing market is
Emaar, the Economic City (EEC), and Mohammed Yousuf Naghi Group (MYN GROUP) marked a key milestone by signing a Land Sales Agreement recently at the King Abdullah Economic City (KAEC) headquarters. During the signing ceremony, attended by key representatives, including Mansour A Al Salem, MD and BOD Member of EEC, Cyril Piaia, CEO of EEC,
The Real Estate Regulatory Authority (RERA) index for Dubai has been updated and is likely to impact tenants who have been living in properties for over two years, an expert has said. According to Richard Waind, CEO of Betterhomes, the RERA calculator was updated on March 1, bringing future renewals more in line with rents
