News / Investment

Azizi to Open $16.3 Bn Hospitality Projects in Dubai

UAE-based developer Azizi Developments announces its plan to invest up to AED60 bn ($16.3 bn) through the launch of 50 upmarket luxury hotels and resorts and one very prestigious seven-star hotel in Dubai, Invest-Gate reports.

Jeddah Getting Ready for Saudi Real Estate Development Expo

Leading government entities, renowned real estate developers, and financial experts will be in Jeddah for the Saudi Real Estate Development and Ownership Exhibition (Seredo 2023), which kicks off on May 28.

Charlie Munger: “U.S. commercial property market is in trouble.”

Charlie Munger believes there is trouble ahead for the U.S. commercial property market, Invest-Gate reports.

ADQ Considers Injecting New Investments Into Egypt

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.

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.

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