In 2023, the enforcement courts in Saudi Arabia conducted approximately 4,000 public auctions, averaging around 11 auctions per day, Invest-Gate reports.
Luxury residential properties in Dubai, including Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island, witnessed record growth in 2023, Invest-Gate reports.
Emirates Palace Group has announced the unveiling of Dubai's largest penthouse for sale, priced at AED600 mn, Invest-Gate reports.
The annual rental yield for properties in the UAE has reached approximately 8%, coinciding with the UAE's rise to the top of preferred real estate investment destinations in the Middle East, Invest-Gate reports.
The Saudi Real Estate General Authority has granted licenses to 28 electronic real estate platforms under the FAL Real Estate Brokerage and Marketing License, Invest-Gate reports.
Five areas claimed nearly half the total value of Dubai's local real estate market sales, comprising 24.8% amounting to a staggering AED99.7 bn across 35,480 transactions, within the overall sector sales in 2023, Invest-Gate reports.
The Saudi Real Estate General Authority has announced that the Mollak electronic platform has achieved a significant milestone, recording over a million transactions and services since its inception, Invest-Gate reports.
Dubai's real estate market has witnessed a staggering surge in transactions in 2023, crossing the half-trillion-dirham mark at AED554.7 bn, Invest-Gate reports.
A Bloomberg report has confirmed that Dubai's real estate market outperformed global markets in 2023 due to high demand, particularly from wealthy individuals seeking to relocate to Dubai, Invest-Gate reports.
Magnum Properties, a subsidiary of Rawabi Holding, recently organized a series of dialogue sessions at the Saudi Green Building Forum's pavilion in the Blue Zone at COP28 in the UAE, Invest-Gate reports.
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