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...

Unlocking valuable insights, PwC Middle East's latest report titled "Saudi Arabia’s off-plan market: A driving force fueling a vibrant and sustainable society" sheds light on the pivotal role off-plan sales models can play in alleviating the housing gap of 1.5 million units in Saudi Arabia. This strategic approach not only enhances the efficacy and affordability of the real estate market but also aligns...

The landscape of Dubai's real estate market witnessed a notable shift in 2023, with the percentage of end-user buyers rising from 38% to 44%, according to the latest report released by Betterhomes on Thursday. Dubai recorded a staggering 120,742 residential sales transactions in the fiscal year 2023, marking a remarkable 38% increase compared to the previous record set in 2022 at 87,454 transactions....

In a stellar performance, the real estate markets of Dubai and Abu Dhabi reached a combined value of $124 billion (455.7 billion AED) in 2023, breaking records and showcasing the resilience of the UAE property sector. These insights, revealed in a recent study by Property Finder, illuminate the dynamic growth trajectory that both cities experienced, driven notably by a robust off-plan market. Read this...