W Capital Real Estate has witnessed a record surge in real estate sales in Dubai during the summer of 2023, reaching the highest level in its history at AED 102 bn, Invest-Gate reports
Real estate transactions in Dubai Land Department during the current week amounted to more than AED eight bn, Invest-Gate reports.
The Saudi Council of Ministers has given the green light to regulations governing the pre-construction sales and leasing of real estate projects, Invest-Gate reports.
Idris Mohamed, CEO of Akam AlRajhi Developments, reveals the company's intention to enter the Saudi market soon, Invest-Gate reports.
Real estate transactions in the UAE's Emirate of Ajman surged 61.5% in August compared to the same period last year, reaching a total value of AED 1.5 bn ($408 million), according to the Department of Land and Real Estate Regulation.
Real estate transactions in the Dubai Land Department during the current week amounted to more than AED12.7 bn, Invest-Gate reports.
Mohammed Idris, chairman of Mabany Edris for Real Estate Development, said Saudi Arabia's Vision 2030 pillars were prominently displayed at the recent Cityscape Global exhibition, Invest-Gate reports.
Dubai has emerged as a leading global market for luxury real estate in 2023, generating revenues of approximately AED 3.1 bn from high-end properties in H1 of 2023, Invest-Gate reports.
According to statements by Ihab Al-Hashani, the Saudi Deputy Minister of Municipal and Rural Affairs and Housing, Saudi Arabia aims to attract investors from China and Turkey to establish real estate projects, Invest-Gate reports.
The value of residential apartments in Dubai experienced its largest surge in nearly a decade this August, Invest-Gate reports.
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