In March 2024, the Sultanate of Oman witnessed a notable downturn in its real estate market, with total transactions plummeting by 19.5% compared to the same period in 2023. The total value of real estate transactions by the end of March amounted to OMR587.50 million, down from OMR730.10 million the previous year. Read this also : Launch of Al Janoub Gardens Residence Phase 2...

Ezdan Real Estate has unveiled the eagerly awaited second phase of Al Janoub Gardens Residence in Qatar, marking another milestone in the development's journey. This latest phase introduces 775 residential units of diverse sizes, following the successful leasing of all 880 units in the initial phase. Read this also : S&P Forecasts Rise in Saudi Developers’ Profits and...

According to a recent report from S&P, Saudi Arabia is poised to experience higher off-plan sales, leading to an uptick in developers' revenue and profit margins. Off-plan development offers the advantage of pre-financing construction, facilitating quicker cash collection and reducing developer risk, thereby meeting the sector's funding requirements. Read this also : Bloom Holding Sells Out Sixth...

Bloom Holding, a prominent real estate development firm in the UAE, has announced the successful sell-out of Olvera, the latest phase of its Bloom Living project. The rapid sales pace of townhouses in this phase reflects strong demand from buyers and investors, with the sales center reporting significant interest. Read this also : Dubai’s Housing Delivery to Reach 35,000 Units by 2024 on Account of...

Dubai's real estate market is poised for robust growth, with projections indicating the delivery of over 35,000 new residential units by the year-end, as per a recent study by JLL. This surge in housing supply is attributed to buoyant investor demand, driven by innovative product offerings, attractive payment options, and recent adjustments to the golden visa requirements. Read...

In an exciting collaboration between global hospitality leader Hilton and esteemed lifestyle developer Al Hamra in the United Arab Emirates, Waldorf Astoria Residences Ras Al Khaimah is set to make its grand debut in 2026, marking the introduction of the first Waldorf Astoria Residences as part of a managed report in the UAE. This landmark development is poised to redefine luxury living standards in the...

Aldar Properties (Aldar) recently announced the rapid sell-out of the first two phases of its innovative active living development, Athlon, within just 48 hours of its launch. The sale generated AED 4.1 billion in sales, marking a significant milestone in Aldar's entry into the Dubai real estate market in partnership with Dubai Holding, a diversified global investment company with...

Question: My landlord recently passed away, and now a rental company manages his properties. They sent me a notice stating that my next rent will be Dh65,000 per year, marking an increase of 46%. Is the rental company legally allowed to impose this increase? Please advise. — NA, Dubai. Read this also : Dubai Leads the Middle East with 72,500 Millionaires Answer: Before I address your question, I...

Dubai has emerged as the wealthiest city in the Middle East, boasting a population of 72,500 millionaires according to a report by global intelligence provider New World Wealth and Henley & Partners. The city ranks 21st among the wealthiest cities globally, with a notable increase in the number of millionaires—78%—over the past decade. Read this also : Ohana Development...

Ohana Development, with the leading associate Metropolitan Capital Real Estate, is launching Elie Saab Waterfront, the first branded residential tower on Al Reem Island, marking a milestone for luxury real estate in Abu Dhabi. Read this also : Aldar Launches Athlon, Dubai’s First ‘Active Living’ Community The Elie Saab Waterfront project represents a groundbreaking development in the luxury...