Abu Dhabi alternative investment manager Lunate is establishing a $1 billion joint venture with Brookfield focused on residential real estate in the Middle East. This announcement was made in a statement on Tuesday, outlining the venture’s aim to develop high-quality build-to-sell and opportunistic buy-to-sell residential assets across the UAE, Saudi Arabia, and other regional markets....
Hamdan bin Mohammed, the Crown Prince of Dubai, has directed the establishment of the “Dubai PropTech Hub.” This initiative aims to enhance Dubai’s status as a global leader in real estate innovation. The Hub is designed to significantly increase the size of the PropTech market in the region. The initiative’s goal is to more than...
Goa, known for its sun-drenched beaches, rich heritage, and cosmopolitan vibe, has long been a favorite destination for global travelers. Currently, it is also attracting savvy investors who are keen on the booming real estate market. This dual appeal is showcased at the ongoing UAE-India Property Show, hosted by Gulf News and Maxpo Exhibitions at...
Land saturation in Dubai is prompting developers to focus on peripheral areas for new property projects. According to a report by Savills, the trend involves the introduction of smaller villas and townhouses. This shift aims to better meet end-user demand while addressing affordability constraints in the competitive real estate market. The report highlights that the...
Design and construction leader DMDC has announced a new partnership with OCTA Properties to create three distinctive mansions. This collaboration aims to enhance the luxury real estate market with unique architectural designs that cater to elite clientele. The partnership highlights DMDC’s commitment to innovative design and construction, emphasizing their expertise in the real estate sector....
A recent report by real estate brokerage Betterhomes reveals that 6 700 millionaires relocated to the United Arab Emirates (UAE) in 2024. The report, titled “Dubai: No Longer a Pit Stop, But the Finish Line for Global Wealth,” highlights how shifting global geopolitical and economic dynamics are driving high-net-worth individual (HNWI) migration to the UAE,...
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum inspected the Wadi Al-Amardi housing project and approved a substantial AED2 billion housing package. This initiative aims to provide modern housing solutions in Dubai, enhancing the living standards for residents. Credit: Gulf News During the inspection, Sheikh Hamdan emphasized the importance of developing sustainable communities...
The Sharjah Real Estate Registration Department (Sharjah RERD) has signed a memorandum of cooperation with Emirates Islamic Bank (EIB) aimed at establishing a direct electronic link between the two entities. This initiative is part of the department’s broader strategy to digitize its services and improve the efficiency of real estate registration and financing procedures, aligning...
Riyadh, Saudi Arabia: Areeb Capital, a leading real estate fund management company, has announced the signing of a significant financing agreement with the Saudi National Bank (SNB) valued at SAR 5.8 billion. This agreement aims to bolster Areeb Capital’s financing capabilities for its ambitious investment projects within the Saudi real estate market. The deal marks...
The Sharjah Investment and Development Authority (Shurooq) has announced an impressive Dh7.2 billion in investments across 52 innovative projects, significantly transforming over 60 million square feet throughout the emirate of Sharjah. This announcement coincides with Shurooq’s 15-year anniversary, marking a journey characterized by sustainable growth, community impact, and cultural preservation. Shurooq’s focus has been on...