The Saudi Real Estate General Authority (REGA) gives brokerage practitioners and real estate service providers a grace period for brokerage practitioners and real estate service providers until 18 July to pass its qualifying program, Invest-Gate reports.
SODIC sells 274 units in Q1 2023 generating gross contracted sales of EGP 2.78 bn, a decrease from EGP 3.74 bn in Q1 2022, Invest-Gate reports.
Royal Developments signs a cooperation protocol with YBA Architects in preparation for launching a new property project, Invest-Gate reports.
Madinet Masr and the Egyptian Food Bank sign a cooperation agreement to implement the Iftar Saeem program in the Assiut governorate, Invest-Gate reports.
Mohamed Alsuwaidi, CEO and Managing Director of ADQ, says one of Abu Dhabi's sovereign funds is considering pumping new investments in Egypt during the coming period.
According to Invest-Gate, the real estate sector in Dubai achieves its highest monthly performance ever during April after hitting AED 26.3 bn in sales, recording a growth of 44.5%, compared to about AED 18.2 bn in sales in April 2022.
The Department of Municipality and Planning in Ajman releases data showing an increase in rental deals in 2022 of AED 512 mn or 28% compared to 2020, Invest-Gate reports.
Evergrande Group extends the deadline for debt holders to receive compensation to support the faltering real estate development company’s restructuring plan by three weeks, as it has not yet obtained sufficient support for comprehensive reform.
Samco Holding, a real estate development company, is preparing to launch its first projects in the Egyptian market, with investments of EGP 15 bn, Invest-Gate reports.
Expo Republic Co. for Organizing Conferences and Exhibitions has announced the launch of the 9th Nile Property Expo in Riyadh, Saudi Arabia, Invest-Gate.
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