Real Estate

DUBAI / WAM A total of 1,131 real estate and property transactions valued at AED3 billion were registered during the week ending March 24. As many as 115 plots were sold for AED548.96 million, 721 apartments and villas were sold for AED1.25 billion. The top three transactions were a land in Palm Jumeirah sold for AED55 million, followed by a ...

Bloomberg The UK government has “significantly underestimated” how much it will cost to decarbonise heating in British homes, a touchstone of its net zero promise. The simple step of insulating Britain’s drafty homes is essential before gas boilers can be replaced with low carbon technology like heat pumps. The cost of improving energy efficiency could be as much as 18,000 ...

Bloomberg US sales of new homes declined in February to a nine-month low as severe winter weather in parts of the country limited foot traffic against a backdrop of elevated prices that may be restraining momentum. Purchases of new single-family homes decreased 18.2% — the sharpest decline since July 2013 — to a 775,000 annualised pace from an upwardly revised ...

DUBAI / WAM Dubai’s real estate market recorded 3,787 sales transactions worth AED7.43 billion in February 2021, a 13.8 percent increase from January 2021 in terms of volume and 8.9 percent rise in terms of value, according to the 12th edition of Mo’asher, Dubai’s official sales price index that was launched by Dubai Land Department (DLD) in cooperation with Property ...

SHARJAH / WAM Sharjah Real Estate Registration Department in Sharjah revealed that the volume of real estate transactions in the emirate reached 1,818 transactions with a value of AED3.5 billion in February 2021. Abdul Aziz Ahmed Al Shamsi, Director-General of the Department, explained that the number of sales transactions in the emirate amounted to 457, which accounted for 25.1 percent ...

ABU DHABI / WAM Shuaa Capital, an asset management and investment banking platform in the region, has announced the appointment of Walid El-Hindi as its CEO of real estate with immediate effect. Walid will be responsible for managing Shuaa’s significant real estate portfolio and activities across the value chain and multiple geographies. The role of the new CEO will encompass driving ...

ABU DHABI / WAM Shuaa Capital, an asset management and investment banking platform in the region, has announced the appointment of Walid El-Hindi as its CEO of real estate with immediate effect. Walid will be responsible for managing Shuaa’s significant real estate portfolio and activities across the value chain and multiple geographies. His role will encompass driving further growth in ...

Dubai / WAM Dubai Land Department (DLD) has released the findings of its real estate bulletin, which reflected the flexibility of Dubai’s real estate sector since the beginning of 2021 and its adaptation to current circumstances related to the outbreak of Covid-19. According to real estate bulletin, titled, ‘Real Estate Updates,’ 3,036 new investors entered the market in January and ...

Bloomberg China’s home prices grew at the fastest pace in six months in February, as a lower supply of projects during a holiday season added to a fear of missing out among buyers. New home prices in 70 major cities, excluding state-subsidised housing, rise 0.36% last month from January, when they gained 0.28%, National Bureau of Statistics figures showed on ...

Bloomberg Singapore home sales fall in February after speculation about property curbs dampened buyer appetite. Purchases of new private apartments fall 60% to 645 last month, Urban Redevelopment Authority data showed on Monday. That compares with 1,632 in January, which exceeded a two-year high. Singapore’s property market rallied even amid the pandemic, seeing a spike among private apartments, shophouses and ...