News / Middle East

Ajman Achieves 28% Growth in Rental Deals in 2022

The Department of Municipality and Planning in Ajman releases data showing an increase in rental deals in 2022 of AED 512 mn or 28% compared to 2020, Invest-Gate reports.

Expo Republic Launches 9th Nile Property Expo in Riyadh

Expo Republic Co. for Organizing Conferences and Exhibitions has announced the launch of the 9th Nile Property Expo in Riyadh, Saudi Arabia, Invest-Gate.

DAMAC Plans 3-Year USD Sukuk for UAE Developer

According to the document from one of the mandated banks, investor calls and meetings are scheduled to start on April 13 and last until April 17. A senior unsecured sukuk could follow but will be dependent on market conditions.

Dubai’s Property Market Continues to Grow in March 2023

Annual prices in Dubai's villa communities increase by 17.1% year-on-year (YoY) and 1.1% quarter-on-quarter (QoQ) in March 2023, Invest-Gate reports, citing a report by real estate consultancy ValuStrat.

Elsewedy Electric Awards €800 Mn Contract In Libya

Elsewedy Electric Libya awards a contract worth €800 mn to the General Electricity Company of Libya for the construction, procurement, and engineering activities of a power plant situated in Zliten city.

Bahrain’s Q1 Real Estate Transactions Hit $641 mn

Bahrain has announced that the real estate transactions during the first quarter of 2023 hit BD243 mn ($641 mn), down 17% compared to last year, reported BNA citing the kingdom's Survey & Land Registration Bureau.

Omniyat Breaks Ground on Palm Jumeirah Residences

Comprising 86 two-to-four-bedroom homes, three outstanding sky palaces, and one of the largest private mansions on Palm Jumeirah, Orla, Dorchester Collection Dubai combines 270-degree sunrise-to-sunset views of the city skyline, thus ensuring that the residents get to enjoy the unparalleled lifestyle.

King Abdullah Financial District Wins Key Building Certification

The King Abdullah Financial District (KAFD) in Riyadh secures the WiredScore and SmartScore building certification from global property consultancy Knight Frank.

Residents Looking to Buy 2-bedroom Apartments Now More Than Ever in Dubai

The demand to buy two-bedroom apartments is higher than one-bedroom units among investors and end-users in Dubai as the market witnesses the emergence of new consumer preferences, such as a growing incline towards ownership and the inflow of more families to make their second home.

Bahrain’s Waterfront, Leisure Hub Set for Q4 Launch

Located in Diyar Al Muharraq, Marassi Galleria is the entertainment epicentre of the Marassi Al Bahrain development. The beachfront luxury shopping destination stretches over three levels to occupy a total gross leasable area of 114,000 sqm. It will boast over 450 stores, including some of the world’s most prestigious brands.

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