News / Government

Abu Dhabi Office Rent Rebound After Covid Slump

This turnaround is attributed to the rebound in economic growth and the increase in employment levels.

Hassan Allam, Bloom Development Award Golden Licenses

Bloom Real Estate is planning a number of developments in New Zayed.

Transportation Ministry to Operate from NAC in March

Kamel El Wazir, Transport Minister, uncovers that the ministry’s employees will work from the new headquarters located in the NAC, starting from March 2023.

Saudi Arabia Allows Government Agencies to Rent Properties Abroad

The regulations stipulate that the lease contract shall be for a period not exceeding five years, with the possibility to renew that contract for a maximum period of 10 years.

Office Rent Soars 12% in Abu Dhabi in 2022

Office leasing rates in three out of the submarkets in Abu Dhabi rise from 3.5% to 12% in 2022.

NUCA Allocates 4.7k Land in 1 Year

Among the discussed topics are approval of the authority’s final account for the year 2022/23, the approval of the budget for the fiscal year 2020/21, granting a deadline to companies and entities in the Northwest Coast region, and increasing the number of units beyond what is permitted by the requirements for plots of land for small housing, and approving some incentives and facilitations to increase the demand for allocating investment lands in some new cities, the minister reveals.

Al-Gazzar Inspects Progress in New Qena Projects

In the same context, Mostafa Saeed, Head of the New Qena Development Authority and Supervisor of the city of West Qena, reveals that the initiative includes 6,800 housing units, of which 5,078 are implemented, and 1,092 units are being implemented in various areas of the city.

Saudi Arabia’s NHC Launches 35 Mn Sqm Residential Project in Riyadh

The new suburb, Al Fursan, features 50,000 residential units and more than 190 facilities. It is surrounded by 6 mn sqm of green space.

El-Gazzar Inspects Housing Projects in New Obour

El-Gazzar confirms that New Obour is one of the fourth-generation cities, which enjoys a privileged location, and includes a large number of housing units under the presidential initiative, Housing of All Egyptians.

Portugal Ends Golden Visa Program to Address Housing Crisis

The step is part of the country’s measures to confront the housing crisis.

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