Saudi Arabia has introduced a comprehensive procedural guide to implement its recently approved off-plan real estate regulation. This initiative aims to enhance transparency, protect buyers, and formalize obligations for developers in the off-plan property market. The new framework was officially approved by Real Estate General Authority (REGA) CEO Abdullah bin Saud Al-Hammad on May 2...
UAE real estate developer MAG has signed a significant tokenization deal worth $3 billion with MultiBank Group, a financial derivatives institution based in Dubai. This partnership follows a previous agreement where MAG had entered into a $500 million deal with Mantra Chain. The new collaboration also involves Mavryk, a provider of blockchain tokenization infrastructure. According...
Housing demand in Dubai has surged significantly, with the city experiencing an influx of approximately 1 000 new residents each day during the first quarter of the year. This dramatic increase in population has put upward pressure on the housing market, driving rents higher across various property types. According to a report by ValuStrat, villa...
Brabus, the renowned German performance brand known for transforming Mercedes-Benz vehicles, is taking luxury to a new level by developing an entire island in Abu Dhabi. This ambitious project, named Brabus Island, will be situated in the upscale Al Seef District and spans 100 000 square meters. to a new level by developing an entire...
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,...