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Top Real Estate News

  • Rents in Jeddah expected to fall 40% over three years


    Real estate businessmen in Jeddah believe that the spiraling trend of house rents will be reversed and rent rates will fall by 40 percent over the next three years. Arab News - 20Jan 04:51GMT
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  • As always, Al Riqqa saves its best for DSF


    Al Riqqa Street has become synonymous with Dubai Shopping Festival (DSF) over the years — and not without good reason. Gulf News - 19Jan 09:12GMT
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  • Extra tenancy renewal fees allowed: Dubai's Rera


    The Real Estate Regulatory Authority (Rera) in Dubai has clarified that tenants can be charged over and above the mandatory AED 160 in government fees to renew their tenancy contracts. Gulf News - 19Jan 09:11GMT
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  • REDF loans helped build million homes


    Some 38 years following its founding, the Real Estate Development Fund (REDF) has provided financial assistance for the construction of about a million home in the Kingdom. " Arab News - 18Jan 08:30GMT
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  • Jazan Economic City to attract investors


    The Jazan Economic City is set to attract investments of more than SAR 100 billion once the infrastructure of the city is completed, and eventually create 500,000 jobs. Arab News - 18Jan 08:13GMT
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  • UAE: Bankers discuss options for loans to deposit ratio on mortgages


    Representatives of the UAE Bankers Association are negotiating with the UAE Central Bank various options for loans to deposit ratio on mortgages. Gulf News - 18Jan 07:53GMT
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  • Qatari banks 'over-exposed' to realty sector


    The rising real estate exposure is raising concerns about Qatari banks. Qatar's banking sector has large exposure towards real estate developers and contractors, which comprise 40% of private sector lending of banks, cautioned a report titled GCC Banking Sector Outlook for 2013. The Peninsula - 17Jan 15:23GMT
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  • Kuwait: New hospitals, more housing to be built


    Several lawmakers met with HH the Amir Sheikh Sabah Al-Ahmed Al-Sabah and discussed a number of issues including the issue of writing off accrued interests on consumer loans of citizens. Arab Times - 17Jan 15:18GMT
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  • Akaria announces its interim financial statements for the period ended december 31, 2012


    Saudi real estate company (Al Akaria) has announced its Interim Financial results for the quarter and twelve months period ended December 31, 2012. Tadawul - 17Jan 10:34GMT
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  • Amir promises 5 hospitals, 'touristic' Failaka


    Amir Sheikh Sabah Al-Ahmad Al-Sabah assured a team of MPs that the government plans to build five new public hospitals, construct 80,000 houses on allocated lands, and transform the Failaka Island into a national touristic site. Kuwait Times - 17Jan 07:50GMT
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Zawya Select
ZawyaSelect
Dubai's cautious comeback
As the UAE property market enters a fragmented recovery, developers are keen to tap renewed investor interest and are launching mega projects, betting that UAE's safe haven status will help to boost the real estate market.
 

 
New UAE mortgage rules
Expatriates in UAE will have to make down payments of at least half the value of properties they buy if new central bank rules on mortgages go into force. This may dampen demand from foreign buyers and stifle the country's tentative real estate recovery.
 

 
Financial Services
Expert view on UAE mortgage cap
The recent circular issued by the UAE Central Bank on capping mortgage lending came as a surprise to many people within and outside the financial world.
 
 
 
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