Real Estate

Bloomberg Toronto’s housing market last month posted the sharpest drop since the early weeks of the Covid-19 crisis, as buyers and sellers took a breather from a frenetic pace amid surging infections and renewed lockdown measures. The number of properties changing hands in Canada’s largest city declined 20% in April ...

Bloomberg US new-home sales rebounded sharply in March to the highest since 2006, suggesting that the housing market is back on track after winter storms impeded demand in February. Purchases of new single-family homes increased 20.7% last month to a 1.02 million annualised pace after an upwardly revised 846,000 rate ...

Dubai / WAM Dubai Land Department (DLD) has issued 4,202 different real estate permits that includes 255,579 real estate ads in 2020 through the “Trakheesi” system on the department’s website. Through the system, users can conveniently apply for various real estate permits around the clock without the need to visit ...

Bloomberg Last year’s pandemic housing rush is now this year’s end-of-lockdown feeding frenzy. Across the US, house hunters are fighting for scraps in a market picked clean of listings during the key spring homebuying season. Bidding wars are the norm. Strategies like waiving inspections to secure deals, common for years ...

DUBAI / WAM A total of 1,131 real estate and property transactions valued at AED3 billion were registered during the week ending March 24. As many as 115 plots were sold for AED548.96 million, 721 apartments and villas were sold for AED1.25 billion. The top three transactions were a land ...

Bloomberg The UK government has “significantly underestimated” how much it will cost to decarbonise heating in British homes, a touchstone of its net zero promise. The simple step of insulating Britain’s drafty homes is essential before gas boilers can be replaced with low carbon technology like heat pumps. The cost ...

Bloomberg US sales of new homes declined in February to a nine-month low as severe winter weather in parts of the country limited foot traffic against a backdrop of elevated prices that may be restraining momentum. Purchases of new single-family homes decreased 18.2% — the sharpest decline since July 2013 ...

DUBAI / WAM Dubai’s real estate market recorded 3,787 sales transactions worth AED7.43 billion in February 2021, a 13.8 percent increase from January 2021 in terms of volume and 8.9 percent rise in terms of value, according to the 12th edition of Mo’asher, Dubai’s official sales price index that was ...

SHARJAH / WAM Sharjah Real Estate Registration Department in Sharjah revealed that the volume of real estate transactions in the emirate reached 1,818 transactions with a value of AED3.5 billion in February 2021. Abdul Aziz Ahmed Al Shamsi, Director-General of the Department, explained that the number of sales transactions in ...

ABU DHABI / WAM Shuaa Capital, an asset management and investment banking platform in the region, has announced the appointment of Walid El-Hindi as its CEO of real estate with immediate effect. Walid will be responsible for managing Shuaa’s significant real estate portfolio and activities across the value chain and ...