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.
Real estate trading volume in Qatar witnessed a 34.7% monthly decrease in August, amounting to approximately QAR 1.01 bn, Invest-Gate reports.
Saudi Minister of Municipal and Rural Affairs and Housing, Majid bin Abdullah Al-Hogail inaugurated the activities of the "Cityscape Global" exhibition today, Sunday, under the slogan "Building the Home of the Future," Invest-Gate reports.
Real estate transactions in the Dubai Land Department during the current week have exceeded AED 6 bn. The department recorded a total of 1,892 property sales worth AED 4.88 bn, Invest-Gate reports.
The value of real estate trading in Abu Dhabi has increased by 150% by the end of H1 2023, compared to the same period in 2022, Invest-Gate reports.
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