Muscat: The National Centre for Statistics and Information (NCSI) recently issued data showing that, from OMR948 million in the same period of 2023 to OMR760.2 million at the end of April 2024, the value of real estate transactions in the Sultanate of Oman decreased by 19.8%. Read this also: Dubai’s Elevate fintech raises $5 million to capitalize on the surge in freelancing NCSI preliminary...

Emaar Properties PJSC (DFM: EMAAR) has released its Q1-2024 financial results, showcasing robust performance and operational efficiency across its various business segments. Financial Highlights Emaar reported revenues of AED 6.7 billion (US$ 1.8 billion) and a net profit before tax of AED 4.3 billion (US$ 1.2 billion), marking a 16% increase from the same period last year. This growth was driven by a...

As the New Year approaches, Dubai's property investors and landlords who have relied on short-term rentals are basking in the glow of rich rewards, with year-over-year rate increases soaring to unprecedented heights, reaching up to 50%, according to market sources. Throughout December, short-term accommodation reservations in Dubai have experienced a surge, particularly for luxury properties. A...