Real Estate MENA Edition
Latest News
Egypt's MNHD posts 12% profit rise
The company said the loan will be used to finance part of the investment costs of Sarai 1 and 2 projects
Abu Dhabi's April real estate deals surge 34% to $1.7bln
The department’s data indicated that mortgages acquired 60 per cent of the total real estate transactions in April
Sheikh Zayed Housing Programme approves housing grants for 500 citizens
The programme always aims to provide for housing needs of citizens, through launching residential projects around the country
Dubai Land Department introduces remote property registration system
System allows direct interaction between the seller and buyer and the finalisation of procedures through audio-visual communication
Abu Dhabi's Aldar Q1 profit down 39%, warns virus could delay project launches
The developer made $82.2mln in the three months to March 31
UAE rental relocations on the rise despite Covid-19, says SAO CEO
There is a disparity of approximately 35% between annual rentals in Dubai and Sharjah for similar kind or sometimes larger units, says Haleema Al Owais
Dubai's Heart of Europe takes shape as ME's ultimate tourism destination
The island will host magnificent hanging gardens on the façade of the Portofino inspired hotel with an astonishing 31,000 plants
COVID-19 impact: Property sales in Dubai drops by about 50%
Rate of decline in real estate market values accelerates in April
Is this the right time to invest in property? Experts weigh in
Although distress sales and deals abound in the market, beware of price volatility and falling yields
HDB’s standalone indicators show profit in Q1-20
The bank’s interest income fell by 2.4% YoY
Insights
Covid-19: Outlook on the UAE real estate market
Oversupply across Dubai's real estate sector is amplified by tightening financial conditions
Housing in lockdown: Buying and selling property during Covid-19
Recent transactional data suggests that to date, up to 50% of buyers are non-residents which underscores the fact that a large proportion of the UAE's residential community has not yet directly invested in the property market.
Banks’ love of plastic gets a bit less fantastic
Card businesses suffer when people don’t spend. In a lockdown they can’t, but afterwards they may not want to