News / Government

Saudi Arabia Transfer Wafi’s Oversight to Real Estate General Authority

The Saudi government decided to transfer the competence to supervise the activity of the Off-Plan Sale or Rent Committee (Wafi) from the Ministry of Municipal and Rural Affairs to the Real Estate General Authority (REGA), Invest-Gate reports.

NUCA Inks MoU with China’s CSCEC to Boost Cooperation

The New Urban Communities Authority (NUCA) signed on July 5, 2023, a memorandum of understanding (MoU) with China State Construction Engineering Company (CSCEC) and Income Company, Invest-Gate reports.

Ministry of Housing To Deliver First Batch of Sakan Masr Project in July

Assem El-Gazzar, Minister of Housing, Utilities, and Urban Communities reveals that New Cairo Development Authority will start from July 23, 2023, to August 29, 2023, to deliver the first units batch at Sakan Masr project in Ard El Maared area, Invest-Gate reports.

Dubai Real Estate Sector Hits Highest Mid-Year Sales

The real estate sector in Dubai has managed to record high growth levels during the first half of 2023, by hitting its best performance and closing 60,420 sales deals with a value exceeding AED 177.3 bn, Invest-Gate reports.

El Sharjah, Highest in Demand in Property Sector

El Sharjah has an estimated total value of AED2.4 bn during May, which proves the trust in Sharjah as an ideal destination for business people and families that seek security and a livelihood environment, Invest-Gate reports.

Madbouly Follows up on First Phase of NAC Employee Units

Prime Minister, Moustafa Madbouly is following up with the head of the Central Agency for Organization and Administration (CAOA), the first phase of employees moving to the New Administrative Capital (NAC), Invest-Gate reports.

Real estate Transactions in Qatar Hit QAR 548 Mn in 5 Days

Total real estate transactions in Qatar recorded over QAR 548 million between June 11 and 15, 2023, Invest-Gate reports.

Minister of Housing Follows up on 2nd Phase of New Capital Employees Residents Project

Assem El-Gazzar, Minister of Housing, Utilities, and Urban Communities, inspects the implementation rate of the second phase of the housing project for the employees of the New Administrative Capital (NAC) in Badr City, which includes 4,704 housing units, Invest-Gate reports.

High Demand Boosts UAE Real Estate Market in Q1 2023

The real estate sector in the UAE maintains its strong performance in the first quarter (Q1) of 2023, benefiting from the increase in domestic demand and foreign direct investment in this sector, Invest-Gate reports.

Average Fixed Mortgage Rates in UK Hits Over 6%

The two-year average fixed mortgage rates in the UK reached 6.01% on Monday, which pushed the cost of borrowing in the kingdom to its highest level since December 2022, Invest-Gate reports.

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