News / Business

Saudi Arabia to Launch Over Half a Million New Housing Units by 2030

Saudi Arabia has unveiled plans to introduce more than half a million new housing units by 2030, following recent legal reforms aimed at restructuring the real estate sector, Invest-Gate reports.

Former Central Bank Official: China Housing Slump to Continue into 2025

According to Sheng Songcheng, a former director of the People's Bank of China's statistics and analysis department, China's property market may continue to experience a downturn for another two years before stabilizing, Invest-Gate reports.

Investment Real Estate Represents 40% of Public Auctions in Saudi Arabia in 2023

In 2023, the enforcement courts in Saudi Arabia conducted approximately 4,000 public auctions, averaging around 11 auctions per day, Invest-Gate reports.

Saudi Real Estate General Authority Grants Licenses to 28 Electronic Real Estate Platforms

The Saudi Real Estate General Authority has granted licenses to 28 electronic real estate platforms under the FAL Real Estate Brokerage and Marketing License, Invest-Gate reports.

Saudi Real Estate General Authority Reports Over 1 Mn Transactions on Mollak Platform in 2023

The Saudi Real Estate General Authority has announced that the Mollak electronic platform has achieved a significant milestone, recording over a million transactions and services since its inception, Invest-Gate reports.

Dubai Real Estate Market Poised to Maintain Strong Performance in 2024

A Bloomberg report has confirmed that Dubai's real estate market outperformed global markets in 2023 due to high demand, particularly from wealthy individuals seeking to relocate to Dubai, Invest-Gate reports.

UK Expects Real Estate Investment Surge Within Next Six Months

According to Tarrant Parsons, an economist at the Royal Institute of Chartered Surveyors (RICS) in Britain, the real estate sector in Britain is expected to experience an increase in trading volumes and investment in the next six months, Invest-Gate reports.

Dubai Real Estate Sales Expected to Surpass AED 400 Bn in 2023, Marking a Historic Milestone

According to data from the Dubai Land Department, Dubai's annual real estate sales in 2023 are expected to surpass AED 400 bn for the first time ever, setting a new record value, Invest-Gate reports.

Infath to Hold 29 Auctions for 242 Properties Across Saudi Arabia

The Saudi Entrustment and Liquidation Center (Infath) has announced the commencement of 29 public auctions, scheduled from December 21 to December 31, Invest-Gate reports.

Property Worth AED 2.43 Bn Included in Dubai Real Estate Transactions

According to the Dubai Land Department, real estate transactions on Tuesday amounted to over AED 4.7 bn, Invest-Gate reports.

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