Sany Alameriah is a joint venture between Sany and Saudi developer Alameriah.
Samir notes that the expansion plan includes the Kingdom of Saudi Arabia, specifically the city of Al-Ula, as well as the continuation of the expansion in the Egyptian market.
Experts speculate that the market is expected to post a steady growth of up to 5% in 2023, down from 11% in 2022.
The two companies signed a binding joint venture agreement to develop new communities in three locations across the suburban heart of Dubai.
According to a circular by the DLD, Dubai’s property rental platform, Ejari, is now integrated with the ‘noqodi’ direct debit system (UAEDDS), allowing tenants to have rent payments automatically debited from their accounts.
The project is known as Greece-Africa Power (GAP) Interconnector.
The new system aims to regulate the state’s leasing of real estate through government agencies, based on their needs, as well as rationalize the financial costs of renting, in addition to developing the exploitation of leased real estate by government agencies.
Saeed notes that Wall Street aims to achieve contractual sales worth SAR 1 bn during the first year of the opening of the branch, based on the size of the huge projects in Saudi Arabia.
In 2023, almost 100,000 sqm of office floor space is expected to be delivered in Dubai and over 35,000 sqm are set to be delivered in Abu Dhabi.
According to data compiled by MSCI, foreign dealmakers account for 57% of property investment in London during 2023, compared to 65% in 2015.
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