Real estate companies such as "Al Dar Properties," "Al Qudra Holding," "Bloom," and "Neyyarz" announced a total of 12 new projects. Among them are nine projects offering over 3,700 residential units, Invest-Gate reports.
The number of hotel apartments in Dubai totalled 25,500 units within 193 properties by the end of May, according to statistics from Dubai's Department of Economy and Tourism.
Total real estate transactions in Qatar recorded over QAR 175 mn between 23 and 27 July 2023, Invest-Gate reports.
Dubai's real estate prices have witnessed remarkable increases recently, although they remain significantly lower than their counterparts in major global cities, Invest-Gate reports.
The Saudi Entrustment and Liquidation Center (Infath) announced conducting 24 online and offline auctions to sell 304 real estate properties located in eight regions across the kingdom, Invest-Gate reports.
The commercial real estate sector in the United States is grappling with a surge in distressed assets, with the value of these assets reaching around $64 bn in the 2023 Q1, Invest-Gate reports.
Inertia Egypt obtained the ministerial approval for the Jefaira project in the North Coast, Invest-Gate reports.
Gama Construction, Egypt's leading design-build construction firm, has signed a deal to build the first factory in Egypt and Africa for BSH Home Appliances, Europe's largest home appliances maker, Invest-Gate reports.
Majid Al Futtaim signs partnership agreement with TSM for inaugurating a new branch of “Supeco” store in the Diamond Hub project in Mokattam, Invest-Gate reports.
BROUQ Developments Group, a prominent real estate company, plans to invest EGP 7 bn in a package of various projects in the New Administrative Capital (NAC) in 2023, Invest-Gate reports.
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