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Kuwait’s Residential Property Deals Drop 41% in H1 2023

The number of residential real estate transactions in Kuwait decreased during the first half of this year by 41% on an annual basis, according to a report by the Real Estate Registration Department.

Saudi Ministry of Justice Transfers 190,700 Outdated Real Estate Deeds to Comprehensive Electronic System

According to recent government statistics, 190,700 outdated manual real estate deeds have been transferred to the comprehensive electronic system since the beginning of 2023, Invest-Gate reports.

Most Expensive, Cheapest Properties Sold in Qatar Last Week

The weekly real estate bulletin issued by the Ministry of Justice shows that the volume of real estate trading in registered sales contracts with the Real Estate Registration Administration during the period from June 25 to 26 exceeded SAR161 mn, Invest-Gate reports.

Indians’ Investments in Dubai Real Estate Exceed AED 15.9 Bn in 2022

Indians invested about AED 15.9 billion in the real estate sector in Dubai, according to a report by ZāZEN Properties.

Continental Investments LMD, Finance House Solidify Partnership

Continental Investments, a prominent branch of Egypt’s top real estate developer, LMD Sabbour Group, and Finance House, the UAE’s premier corporate financial services provider, have boosted their partnership to build a funding initiative to bolster Continental Investments LMD’s market standing and project portfolio in the UAE, Invest-Gate reports.

UAE Companies to Merge 3 Major Real Estate Businesses into One Entity

Aldar Properties, the International Holding Company and the Abu Dhabi National Exhibitions Company (ADNEC) group announce merging their real estate and facilities management businesses with the Aldar Properties platform, Invest-Gate reports.

Saudi Arabia Transfer Wafi’s Oversight to Real Estate General Authority

The Saudi government decided to transfer the competence to supervise the activity of the Off-Plan Sale or Rent Committee (Wafi) from the Ministry of Municipal and Rural Affairs to the Real Estate General Authority (REGA), Invest-Gate reports.

Kuwait’s Real Estate Transactions Hits KWD 272 Mn in June

Total real estate contracts and agencies registered at the Kuwaiti Ministry of Justice totaled around KWD 271.73 mn in June, Invest-Gate reports.

Dubai Luxury Real Estate Sector Generates AED 7.1 Bn Sales in 6 Months

The real estate market in Dubai recorded 111 sales of housing units worth more than $10 mn (about AED 36 mn) during the first half (H1) of 2023, with a total of AED 7.14 billion, according to data released by the Dubai Land Department (DLD).

Dubai Real Estate Sector Hits Highest Mid-Year Sales

The real estate sector in Dubai has managed to record high growth levels during the first half of 2023, by hitting its best performance and closing 60,420 sales deals with a value exceeding AED 177.3 bn, Invest-Gate reports.

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