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...

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...

In a significant move, the UAE has abolished the Dh1 million ($272,294) minimum down payment previously mandatory for individuals seeking golden visas through real estate investments. The decision aims to attract more citizens and investors to establish long-term residences in the nation, signaling a shift from previous regulations. Read this also : Surge in Saudi Employment in Real Estate: Localization...