News / Middle East

Burj Khalifa’s Home Sales Rise 16% YoY in 2022

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.

Sukuk Capital to Launch Finance Program for Developers in 2023

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.

Qatari Alkuwari International Group Offers Buying Cairo’s Ramses Hilton for $320 Mn

The Egyptian company owning the hotel is still negotiating the deal with the Qatari investor, sources notes.

Dubai’s Real Estate Market Flourishes on Visa Reforms

The market records 20,539 transactions with a value of AED 55.5 bn in the first quarter of 2022.

Saudi Dar Al Arkan Plans to List Dubai Unit on London Stock Exchange

The listing is expected to occur in the first quarter of 2023 after the completion of a private placement.

Dubai Real Estate Market Likely to Grow 46% YoY in 2023

Prices in Palm Jumeirah soar 59% while prices in the Trade Center First skyrocket 210%.

Magnom Properties Announces Plans for Sustainable Developments in Saudi Arabia

The new developments are set to be focused on the commercial and retail sectors and cater to sustainability best practices based on Saudi Arabia’s 2030 Vision.

Reportage Properties Sells EGP 2.2 Bn of Montenapoleone’s Units in 2022

Chief Commercial Officer at Reportage Properties, Hanna Karam, says that the Montenapoleone project is located on 111 acres within Mostakbal City.

Smart Assets to Open New Branches, Real Estate Platform

The company is planning to open a branch in Riyadh in mid-2023, Adel reveals.

Majid Al Futtaim to Invest EGP 400 Mn in Egypt in 2023

Majid Al Futtaim also unveils a plan to expand its soft discount store, Supeco, and open more Carrefour Gourmet stores in the Egyptian market.

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