In a significant development, the Ras Al Khaimah government has elevated its ownership of RAK Properties from 5% to 34%, marking a strategic move to bolster the emirate's top real estate player. During the company’s annual general meeting on March 20, shareholders approved a substantial capital increase through the issuance of 920 million new shares, each with a nominal value...

In 2023, the United Arab Emirates (UAE) emerged as the global leader in property price increases, as reported by the International Monetary Fund (IMF). Among the top ten nations witnessing substantial real estate appreciation since the pre-pandemic era, the UAE claimed the spotlight, showcasing a remarkable surge in property prices. Read this also : Dubai and Abu Dhabi Real Estate Markets Soar to...

In 2024, a significant shift is expected in the UAE real estate landscape as more property buyers, especially end users, are projected to opt for mortgages. The catalyst behind this trend is the anticipated drop in interest rates, estimated to decrease by up to 100 basis points. Real estate experts emphasize the substantial influence of mortgage rate fluctuations on the decision-making process of...