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Dubai Closes USD 1.8 bn Home Deals in October

October 2020 has emerged as a strong month for Dubai's residential real estate market, with 3,395 home deals (worth USD 1.8 bn) sealed throughout the month, posting a 37.2% and 62.8% jump in the off-plan and secondary segments.

Roshn Awards USD 427 mn Contracts for Riyadh Community

Saudi Arabia's national developer Roshn has awarded contracts worth SAR 1.6 bn (USD 427 mn) for its flagship residential project, "Riyadh Community," as work commences on-site for off-plan homes to be ready for sale in H1 2021.

Emaar, Arada Kick Off Sale of Vida Residences Phase I

Emaar Hospitality, the hospitality arm of Emaar Properties, and UAE-based Arada have officially launched the first phase of off-plan sales for "Vida Residences Aljada," marking Sharjah’s first-ever branded residences.

Egypt’s Hotels Worst Hit in MENA Region Amid COVID-19: Colliers

Colliers International’s latest MENA Hotels Quarterly Review (Q3 2020) shows that Egyptian hotels have been the region’s worst-hit so far by COVID-19, with occupancy going down at least 50% during this year, despite the resumption of international flights and reopening of prime tourism spots.

Cityscape Dubai to Return Today

Cityscape Dubai returns to the World Trade Center today with strict measures to protect visitors from the spread of COVID-19

Abu Dhabi’s Aldar, ADQ Ink A USD 8.2bn- Agreement

Abu Dhabi’s state-owned holding company, ADQ, will form a USD 8.2 bn public-private partnership with real estate developer Aldar for the development and management of government capital projects

Sobha Realty announces a Successful Third Quarter

Sobha Realty, a leading premium real estate developer, has announced a successful third quarter, registering a significant increase in international investors compared to the previous quarter and an uptick in investors from the GCC region, mainly India and China

First Virtual Real Estate Exhibition “Vestate Expo” Launched

For the first time, Egypt sees, on October 20, Vestate Expo, the biggest virtual expo in the country hosting up to 50 developers and attracting over 2500 visitors across the MENA region, Invest-Gate reports.

Dubai’s Rasmala Completes Acquisition of DuPont Office for USD39mn

Dubai-based Rasmala has completed the acquisition of a biomedical laboratory and prime office real estate asset in the Netherlands for USD 39.537 mn

UAE’s Al Habtoor Preps for New Office in Cairo

UAE-based business conglomerate Al Habtoor Group (AHG) is putting the finishing touches on its newest office in Cairo, which is set for inauguration by year-end.

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