Real Estate

Bloomberg US household net worth surged to a fresh record in the second quarter as Americans enjoyed an ebullient stock market and largest-ever increase in value of their real estate holdings. Household net worth increased by $5.8 trillion, or 4.3%, to $141.7 trillion in the second quarter, a Federal Reserve report showed. The advance included a $3.5 trillion gain in ...

ABU DHABI / WAM Shuaa Capital psc, the leading asset management and investment banking platform in the region, on Monday announced its intention to complete and deliver ₤2 billion worth of property projects in London through its wholly-owned subsidiary Northacre. Northacre is currently focused on completing its two key projects: No.1 Palace Street and The Broadway, both of which are ...

DUBAI / WAM Dubai’s real estate market is witnessing continuous growth and increased investment attractiveness on the cusp of the largest international event in the region, Expo 2020 Dubai. According to the 18th edition of Mo’asher, Dubai’s official sales price index, launched by Dubai Land Department (DLD) in cooperation with Property Finder, August 2021 is the second-highest month since December ...

ABU DHABI / WAM A consortium comprising Aldar Properties (Aldar) and ADQ has submitted for approval by the Egyptian Financial Regulatory Authority (the FRA) an all-cash mandatory tender offer (MTO) for up to 90 percent and a minimum of 51 percent of the outstanding share capital of The Sixth of October for Development and Investment SAE (SODIC or the Company) ...

Bloomberg House prices in the UK suburbs outpaced those in city centers during the pandemic as people traded shorter commutes for gardens and indoor space to work from home, figures show. In the areas surrounding major cities, property values grew an average 10.8% between March 2020 and June this year, according to mortgage lender Halifax, whose figures exclude London. For ...

Bloomberg Sales of previously owned US homes rise in July for a second month, indicating firmer housing demand as inventory constraints showed signs of easing. Contract closings increased 2% from prior month to an annualised 5.99 million, a four-month high, according to National Association of Realtors. The median forecast in a Bloomberg survey of economists called for a 5.83 million ...

Bloomberg London private housing rents fell in July compared with a year earlier as the ability to work from home meant that being close to city center offices was no longer a priority for workers. The 0.1% decline set the UK capital apart from other regions, where rental prices climbed by almost 2% on average, Office for National Statistics (ONS) ...

SHARJAH / WAM The Sharjah Real Estate Registration Department recorded 40,346 real estate transactions worth AED12.2 billion, marking a 40.5 percent increase till June 2021 against the same period last year, according to the department’s statistical report for the first half of 2021. Moreover, the total area covered in sales transactions was 75.2 million square feet. This showed a 96.1 ...

DUBAI / WAM Dubai’s real estate sector recorded 6,388 sales transactions in June, worth AED14.79 billion, according to the 16th edition of Mo’asher, Dubai’s official sales price index. This was the highest value of sales in eight years, noted officials. The sales transactions in June 2021 were 44.33 percent higher, in terms of volume, and 33.2 percent higher in value ...

Bloomberg Toronto saw the lowest number of homes trade hands in a year in June as the pandemic-fueled demand that drove the market to record highs starts to fade with immigration still muted. Home sales in Canada’s largest city fall 9.1% in June from the month before to 8,885 transactions, the third consecutive monthly decline, according to data released by ...