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...
Cairo, Egypt — Nawy, recognized as Africa’s largest property technology platform, has successfully raised $52 million in Series A equity funding. This funding aims to enhance its operations, improve its technology, and expedite its expansion across the MENA region. Partech led the funding round, with contributions from several investors including e& Capital, March Capital Investments...
Sharjah’s real estate sector demonstrated strong performance in April 2025, with a total of 7 206 transactions amounting to AED 4 billion. This significant growth reflects the market’s expansion and the increasing interest from a diverse range of investors. The transformation in the sector is attributed to several integrated factors, including flexible government policies and...
OMNIYAT Group, known for its ultra-luxury developments, has established a Strategic Advisory Board aimed at supporting its next phase of growth and transformation. This decision follows a significant achievement for the Group, marked by OMNIYAT’s successful entry into international debt capital markets with a $500 million green sukuk. The establishment of the Advisory Board aligns...
Experts are optimistic about the impact of the planned Disney theme park on Abu Dhabi’s real estate market. They believe that the attraction will significantly increase demand for housing on Yas Island, leading to higher property values and rental rates for homeowners and landlords in the area. As the theme park is set to attract...
Damac Properties has officially launched a new residential project named Chelsea Residences by DAMAC in Dubai Maritime City, in partnership with English football club Chelsea F.C. The development features six towers that will reach 130 metres in height and will provide over 1 400 residential units. This project is located on one of the few...