News / Investment

Dubai Real Estate Achieves AED26.3 Bn Record Monthly Sales in April

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.

Ajman Achieves 28% Growth in Rental Deals in 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 Extends Deadline for Restructuring Support Agreement

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.

UK House Prices Growth Slows Amid Oversupply

The UK property market is experiencing a slowdown in growth, with average asking prices rising only 1.7% from last year to £366,247 ($454,570) in April, Invest-Gate reports.

GROHE SPA Showcases GROHE SPA Brand at Milan Design Week

GROHE, a leading global brand for bathroom solutions and kitchen fittings, showcases its revitalized GROHE SPA sub-brand at Milan Design Week, Invest-Gate reports.

Default Threat Pushes British Banks to Reduce Mortgage Loans

BOE's quarterly survey of credit conditions shows that the availability of housing loans will be reduced in the second quarter. Lenders say that default rates on mortgages, unsecured credit to households, and loans to small and medium-sized businesses rose in the first quarter and are expected to increase further.

Bahrain’s Q1 Real Estate Transactions Hit $641 mn

Bahrain has announced that the real estate transactions during the first quarter of 2023 hit BD243 mn ($641 mn), down 17% compared to last year, reported BNA citing the kingdom's Survey & Land Registration Bureau.

Blackstone Raises $30.4 bn for Real Estate Fund

Blackstone Inc raises $30.4 bn for its latest global real estate fund as the private equity behemoth looks to double down on the industry, Invest-Gate reports.

Paragon Developments Inks MoU to Market Projects in UK, GCC

Paragon Developments signs a memorandum of understanding with Adeer International to market the former's real estate products in the UK and Gulf countries, Invest-Gate reports.

Cundall Consortium Seals Oman Smart City Deal

Leading global engineering and design consultancy, Cundall announces that it has been selected as part of the international consortium to design and deliver the master plan for Salalah Smart City in Oman.

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