Bank of America predicts that the contraction in China's real estate sector will persist for several years, Invest-Gate reports.
Assem El-Gazzar, Minister of Housing, Utilities, and Urban Communities, announced the commencement of a public manual lottery to allocate small residential land plots under the "Masakn" program, Invest-Gate reports.
According to Rightmove, an online real estate portal, home sellers in the UK reduced their asking prices by approximately 2% in December, Invest-Gate reports.
The Real Estate General Authority (REGA) in Saudi Arabia announced on Sunday that the country's rental service, Ejar, has achieved a significant milestone by recording over 8 mn lease contracts since its launch, Invest-Gate reports.
The Obour City Development Authority has announced the offering of proposed land parcels for immediate allocation within the city in December, Invest-Gate reports.
Real estate transactions in Dubai's Land Department reached over AED10.9 bn this week, with the department witnessing 2,470 transactions totalling AED7.04 bn, Invest-Gate reports.
AlJazi Developments has announced the launch of commercial units within the "AlJazi" project in New Cairo, Invest-Gate reports.
Assem El-Gazzar, the Minister of Housing, Utilities, and Urban Communities, has announced the release of 1160 fully finished residential units ranging in size from 63 to 93 sqm in New Al-Obour and New Assiut cities, Invest-Gate reports.
The Chamber of Real Estate Developers recently outlined its strategic plan for the new year during a meeting attended by several board members, Invest-Gate reports.
Schneider Electric, joined forces with Redcon Properties, a sustainable real estate developer, at COP28 in Dubai, signing a significant MoU, Invest-Gate reports.
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