Saudi Arabia has enacted a significant reform of its real estate taxation policy by increasing the White Land Tax from 2.5 percent to 10 percent annually on undeveloped land. This change also introduces a new tax on vacant properties that remain unused without justification, aiming to stimulate land development and address the rising housing demand...
MAG, a prominent real estate developer in the UAE, has entered into a significant $3 billion tokenization agreement with MultiBank Group, the largest financial derivatives institution in the world, based in Dubai. This partnership marks the largest initiative of its kind for tokenizing real-world assets (RWA) globally and is set to facilitate the launch of...
ORA has announced the launch of Bayn, a large coastal community development that bridges the gap between Abu Dhabi and Dubai. This expansive project covers 4.8 million square meters and boasts impressive features, including 1.2 kilometers of beachfront along the Arabian Gulf, a marina, and beautiful lagoons. The development aims to create a vibrant living...
The Dubai Land Department (DLD) has signed a memorandum of collaboration with the Awqaf and Minors Affairs Foundation, commonly known as Awqaf Dubai. This partnership aims to strengthen the competitiveness of Awqaf Dubai’s real estate portfolio. The collaboration focuses on sharing expertise and resources to maximize the potential of real estate assets managed by Awqaf...
Egyptian private real estate developer Mabany Edris has announced the launch of its new residential project, ‘Ons New Zayed,’ located in New Zayed City. The total investment for the project amounts to 13.5 billion Egyptian pounds, which is approximately $266 million. The project spans 84 acres and will consist of 1,012 units, featuring a variety...
The Dubai Land Department (DLD) has initiated the ‘Dubai Real Estate Connect’ roadshow in New Delhi, India, aiming to reinforce Dubai’s status as a leader in global real estate investment. This event, organized in collaboration with Q4 Consultants and IIFL Group, featured the presence of Dr. Abdul Nasser Al Shaali, the UAE Ambassador to India,...
Dubai-based classified ad portals Dubizzle and Property Finder are reportedly exploring the possibility of offering shares to the public in Initial Public Offerings (IPOs). According to Bloomberg, which cited sources familiar with the matter, both companies are taking steps to attract potential investors. Dubizzle is preparing to engage with investors and aims to raise at...
Dubai’s NOVVI Properties is set to attract foreign investors through a series of roadshows in Italy, scheduled from May 23 to May 31. This initiative comes at a time when the US dollar has weakened against the euro and the British pound, making Dubai real estate more appealing. With properties now estimated to be 10...
Dubai’s residential real estate market showed strong performance in the first quarter of 2025, with property transactions rising 23 percent year-on-year, totaling 42 274 sales across both secondary and off-plan markets. This information comes from a recent report by Espace Real Estate. The quarter witnessed robust activity, even amidst early signs of market stabilization, with...
Nord Lifestyle Development has officially entered the UAE real estate market with the launch of HENGE Residences, a development valued at AED500 million located on Saadiyat Island in Abu Dhabi. This project signifies the debut of the Italian design house HENGE in the Abu Dhabi property sector. The Emirates News Agency (WAM) reported that HENGE’s...