Category: Real Estate Market
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Emaar Development Reports 66% Increase in Property Sales in First Nine Months of 2024
Dubai, UAE – November 11, 2024: Emaar Development PJSC (DFM: EMAARDEV), a leading UAE property development firm and majority-owned by Emaar Properties PJSC (DFM: EMAAR), continued its upward momentum in the third quarter of 2024. Property sales increased 66% to AED 48 billion (US$ 13.1 billion) in the first nine months, compared to AED 28.9…
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Saudi Arabia: 115,000 new homes needed by Saudi nationals each year to achieve 2030 goals
Riyadh, 11th November 2024: Over 115,000 new homes are needed each year up to 2030 to satisfy demand from Saudi nationals, according to global property consultancy, Knight Frank’s new whitepaper: Transforming Saudi’s Residential Housing Market: Opportunities Abound. Approximately one-third of this incremental demand is being driven by the government’s 70% homeownership rate target, given the rate of…
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The Sustainable City – Yiti Set to Showcase Sustainable Living Model at Cityscape Global 2024 in Riyadh
Muscat, Oman – 10 November 2024 – The Sustainable City – Yiti is set to showcase its leadership in sustainable living at Cityscape Global 2024, taking place in Riyadh, the Saudi capital. This participation marks the latest in a series of appearances at international and regional real estate events, reinforcing its position as a global model…
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Deyaar’s Pre-Tax Profit Jumps to AED 348.8 Million for YTD Sep’24, Reflecting 47% Growth
Dubai, UAE – 06 November 2024: Deyaar Development PJSC (“Deyaar”), a leading real estate developer in Dubai, announced a profit of AED 348.8 million before tax for the nine-month period ending September 30, 2024, marking an impressive 47% year-on-year (YOY) increase from AED 237.5 million in YTD Sep’23. This financial milestone was reported on the…
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“AMK Vision” Surpasses AED 500 Million in Sales, Securing Prestigious Real Estate Awards
– Strong economic achievements in the first half of 2024, with a 25% increase in sales volume compared to the same period last year. – AED 150 million in revenue during the first half of 2024. – Top 10 Real Estate Brokerage Companies in Dubai” from Binghatti in both 2022 and 2023 Dubai, UAE – 30 October 2024,…
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Dubai Land Department Signs Memorandum of Cooperation with Keyper Holdings to Enhance Digital Property Management Solutions
Activating an Electronic Platform for Rent Payment via Credit Card, Automatic Debit, and Monthly Installments Dubai, United Arab Emirates, 18 October 2024 – In line with the UAE’s vision for digital transformation, the Dubai Land Department (DLD) has signed a Memorandum of Cooperation with Keyper Holdings under the REES real estate innovation initiative. This partnership…
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Sam Horani of Provident Estate Reaches AED 2.8 Billion in Real Estate Sales, Setting New Standards in Luxury Property
Dubai, UAE – October 2024 – Sam Horani, Associate Partner at Provident Estate, has firmly established himself as a powerhouse in the luxury real estate market with the sale of Dubai’s most expensive penthouse, located at the prestigious Como Residences. Valued at an astonishing AED 500 million, this sale not only sets a record for…
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ONE Development Appoints AE7 to Lead AED 2 Billion Mega-Project at City of Arabia
Dubai-Based Architectural Firm Selected as Consultant for UAE’s First AI-Integrated Residential Community Dubai, UAE, October 16, 2024 – ONE Development, an international boutique real estate developer based in the UAE, has officially appointed AE7, a globally esteemed architectural and engineering group, as the consultant for its flagship AED 2 billion project in Dubai’s City of…
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Dubai Land Department showcases its key achievements in real estate governance and introduces cutting-edge digital solutions
Dubai, United Arab Emirates, 14 October 2024: Dubai Land Department is participating in GITEX Global 2024, the world’s largest event in technology and startups. The event, held under the theme ‘Accelerate Industrial Digitalization and Intelligence’, is taking place from October 14 to 18, 2024, at the Dubai World Trade Centre. During the exhibition, DLD will show its key achievements in real…
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Saudi Arabia’s real estate market continues its upward trajectory in H1 2024, driven by the residential and hospitality sectors: JLL
Riyadh, Saudi Arabia; 16 August 2024 – Guided by the ambitious Vision 2030 agenda of economic transformation and diversification, Saudi Arabia’s strategic initiatives and substantial investments in infrastructure developments and giga projects continue to drive growth and resilience in the Kingdom’s real estate market. JLL’s latest KSA Real Estate Market Dynamics Report states that the residential and hospitality…
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