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...

As per the latest data released by the Dubai Land Department (DLD), Tuesday witnessed a robust performance in the Dubai real estate market, with a staggering 530 sales transactions amounting to AED 2.35 billion. In addition to these sales, the day recorded 135 mortgage deals totaling AED 564.27 million and 55 gift deals with a combined worth of AED 180.68 million. Read this also : Abu Dhabi Office Sales...

In a recent report by ValuStrat, it has been revealed that the sales prices of office spaces in Abu Dhabi experienced a remarkable surge of 38.7% year over year during the fourth quarter of 2023. Simultaneously, asking rents witnessed a substantial increase of 13.3%. Read this also : Luxury Living in Dubai: Branded Residences Lead the Market with 100% Rental Premiums ValuStrat's comprehensive...

This week's GDP data underscores India's remarkable housing boom, signaling optimism that the construction sector will be a driving force behind the country's economic growth in the coming years. The construction industry displayed its strongest performance in five quarters, recording a significant 13.3% expansion from July to September compared to the same period last year, up from 7.9% in the previous...