Real Estate

ABU DHABI / GULF TIME Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the appointment of Edrafor Emirates LLC as the enabling works contractor for Toledo, phase two of the fully integrated and all-inclusive residential community, Bloom Living. Toledo comprises 405 units ranging from two-and three-bedroom townhouses with sizes starting from 120 sqm to 171 ...

BLOOMBERG Swedish home prices have yet to hit a bottom as one of the world’s most severe housing routs is about to enter its second year. Soaring consumer prices and a string of interest-rate increases have dealt a heavy blow to the Swedish economy, which is particularly sensitive to rising borrowing costs. The country’s households have some of the highest ...

  Dubai / Gulf Time Tabani Real Estate, a leading real estate company in Dubai, is proud to announce that it will be organising a grand real estate event in collaboration with Arada to launch the Jouri Hills Villas project in Dubai. The event is scheduled to take place on February 25, 2023, at the JGE Head Office in Arada ...

  Bloomberg Property sellers are seeking sharply higher prices across north London as young professionals return to jobs in the capital after the pandemic, a survey showed. Asking prices for homes in Camden surged 17.2% from a year ago and by 6% in the past month alone, the property search website Rightmove said Monday. Barnet and Islington notched up annual ...

  Bloomberg China’s home prices steadied in January, ending a 16-month decline after the government expanded stimulus policies for the sector. New-home prices in 70 cities, excluding state-subsidised housing, remained unchanged, compared with a 0.25% decline in December, National Bureau of Statistics figures showed. In the secondary market, existing-home prices dropped 0.28%, smaller than the 0.41% decline in the previous ...

  Dubai / WAM A total of 2,785 real estate transactions worth AED10.3 billion were conducted during the week ending 10th February, 2023, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that 311 plots were sold for AED2 billion, while 1,999 apartment and villa sales totalled AED4.59 billion. The top three transactions were a ...

  Bloomberg UK property surveyors said the housing market settled further into hibernation in January as buyer inquiries, agreed sales and new instructions to sell all fell again. The lackluster activity, driven by higher interest rates and the tightest cost-of-living squeeze in generations, translated into a further drop in prices at the start of the year, the Royal Institution of ...

  Bloomberg London house prices flatlined, recording their worst performance in more than three years, one of the UK’s biggest mortgage lenders said. The cost of an average home in the capital hit £530,396 ($637,720) in January, unchanged from a year earlier, according to Halifax. This was the slowest rate of growth since November 2019, when prices fell by 1% ...

  Dubai / WAM A total of 2,157 real estate transactions worth over AED9 billion were conducted during the week ending February 3, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that 237 plots were sold for AED1.56 billion, with an additional 1,920 apartment and villa sales recorded totalling AED5.77 billion. Ranking first in ...

  Bloomberg UK house prices fell for a fifth month in January, the longest string of declines since the financial crisis more than a decade ago, Nationwide Building Society said Wednesday. The mortgage lender said average home costs fell 0.6% this month and by a revised 0.3% in December, steeper than its previous estimate. The monthly decline was also more ...