The real estate research and data platform, Property Monitor, anticipates a continued swift pace of new project launches in Dubai, particularly during the first and second quarters of this year, Invest-Gate reports.
Abdullah Al-Hammad, CEO of the Real Estate General Authority (REGA) in Saudi Arabia, emphasized the significance of the real estate sector as a key provider of investment opportunities, Invest-Gate reports.
Bahraini banks have made the decision to abandon the previous procedure of increasing the interest rate on all private real estate financing for beneficiaries of housing programs and solutions, Invest-Gate reports.
The giant Chinese real estate company Evergrande Group is once again facing the risk of liquidation amid the ongoing crisis in the Chinese real estate sector, Invest-Gate reports.
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.
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.
In 2023, the enforcement courts in Saudi Arabia conducted approximately 4,000 public auctions, averaging around 11 auctions per day, Invest-Gate reports.
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.
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.
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.
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