Real Estate

DUBAI / WAM Dubai’s real estate sector represents one of the main economic sectors in economic growth, and it actively contributes to the growth of its economy. Over the past years, the emirate has achieved record rates of economic growth driven by the economic initiatives and packages that the Dubai ...

Dubai / WAM Dubai Land Department (DLD) announced that the first virtual edition of the International Property Show (IPS) in partnership with Invest in Dubai Real Estate (IIDRE) is set to welcome a diverse international audience and bring the global real estate community together, through the IIDRE programme, from November ...

Manama / WAM Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, on Monday announced that it has acquired 32 industrial properties totaling approximately 3.5 million square feet across four major US markets for a total capitalisation of over $280 million. According to the company’s ...

Bloomberg Wealthy buyers of mansions and penthouse apartments in London are finding that the pandemic isn’t throwing bargains their way. Luxury homes that changed hands for more than $13 million in the second quarter sold at an average 95% of their asking prices, according to latest data from broker Knight ...

Dubai / WAM Union Properties announced on Tuesday its financial results for the three-month period ended on September 30, with a net profit of AED509.2 million (approximately 12 fils per share), while the profit for the nine-month period of the current year reached to AED348.8 million (approximately 8 fils per ...

Bloomberg UK house prices rise at their strongest annual pace since 2016 last month as Britons’ changing work patterns and a tax reduction on purchases fanned a resurgence. Average house prices rise 7.3% in September from a year earlier to a record average of 249,870 pounds ($323,000), mortgage lender Halifax ...

Dubai / WAM Dubai South Properties announced that investments in its first leasehold staff accommodation development, Sakany, have reached AED500 million, helping to position the project as a regional benchmark for safe and secure housing for blue collar workers. The welfare of residents is central to the Sakany project, reflected ...

Bloomberg Chinese developers are facing the biggest liquidity test in more than four years, exacerbating challenges brought on by stringent funding restrictions and a prolonged profitability drop. Cash reserves of the nation’s 50 largest-listed home builders were just enough to cover short-term debt as of June 30, the least since ...

Sharjah / WAM Arada announced the launch of a new premium garden villa community at Aljada, the 24 million square foot mixed-use destination in the heart of New Sharjah. Featuring 114 villas and townhouses set in a landscaped and exclusive neighbourhood, homes in Sarab 2 will be available for sale ...

Bloomberg Boris Johnson’s government will invest nearly $1.7 billion in building projects and provide two billion pounds in energy efficiency grants in an effort to create jobs and rally the pandemic-hit UK economy. Housing Secretary Robert Jenrick said 300 “shovel-ready” projects will receive a share of a 900 million pound ...