As of December 2022, Dubai’s average apartment prices registers AED 1,168 per sq ft, and average villa prices hits AED 1,385 per sq ft.
CEO of Infinity Phoenix Mohamed El Saidi says that the company’s main goal of organizing foreign exhibitions is exporting real estate in its integrated sense.
The recent deal is a part of the company's $100 mn in investments dedicated to the Saudi market.
The company is planning to launch a series of real estate projects in East and West Cairo.
The project is important to Saudi history, heritage, and culture. It has a total cost of around $50 bn.
The first phase of the mega city comprises 272 condominiums and 240 townhouses. It will be offered for sale on January 19th.
A total of 94 apartments are sold in the tower in 2022 with a value of AED 477 mn, according to data released by UK’s real estate agency Knight Frank.
Since its establishment in May 2021, Sukuk Capital provides over SAR 1 bn in financing to more than 75 companies in Saudi Arabia, Alsayyari reveals.
The Egyptian company owning the hotel is still negotiating the deal with the Qatari investor, sources notes.
The market records 20,539 transactions with a value of AED 55.5 bn in the first quarter of 2022.
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