The Comprehensive Economic Partnership Agreement (CEPA) between Australia and the UAE is poised to strengthen the existing robust relationship between the two nations. The agreement features significant tariff reductions, improved trade facilitation, commitments to services liberalization, digital trade regulations, and enhanced access to government procurement opportunities. It also places a strong emphasis on investment, aiming...
The Dubai Land Department (DLD) has partnered with MIE Events to create new investment opportunities at the APEX event in Miami. This collaboration aims to drive economic growth and attract international investors to Dubai’s real estate sector. Majid Al Marri, the CEO of the DLD, described this partnership as a strategic step that supports their...
Dubai’s property market reached an unprecedented milestone in April, with transaction values soaring to Dh62.1 billion. This figure represents a remarkable 94% increase compared to the same month last year, reflecting a surge in sales, particularly driven by higher-value transactions involving villas at Palm Jebel Ali and homes sold by Emaar at The Oasis. Demand...
Dubai Holding is set to launch an initial public offering (IPO) for its Dubai Residential Real Estate Investment Trust (REIT) on the Dubai Financial Market (DFM). The IPO will offer a total of 1.625 billion shares, which accounts for 12.5 percent of the issued unit capital of Dubai Residential REIT. Credit: Reuters Trading is expected...
Dubai Holding has announced plans to launch an Initial Public Offering (IPO) for its Real Estate Investment Trust (REIT) fund. This Sharia-compliant REIT signifies a significant advancement from one of the largest players in Dubai’s real estate development and investment sector, which includes notable names like Nakheel, Meydan, and Meraas. The IPO will be issued...
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...