Real Estate

DUBAI / Reuters Major Saudi Arabian real estate developer Dar Al Arkan plans a project in Dubai and is considering whether to invest in Morocco and Europe as it begins to expand internationally, its chairman Yousef al-Shelash told Reuters on Tuesday. “We have a good opportunity now to grow outside Saudi because we have the cash, we have the capability,” ...

Dubai / Emirates Business Dubai Land Department (DLD) has arrived in Baku as part of its real estate roadshow, which was organised by the Real Estate Investment Management and Promotion Center, the department’s investment arm. The capital of the Republic of Azerbaijan in the latest stop of the international roadshow, which aims to encourage real estate investment in Dubai across ...

Bloomberg Chinese billionaire He Xiangjian, who founded the world’s largest appliance maker Midea Group Co., is planning an initial public offering of his real estate business, according to people with knowledge of the matter. Guangdong Midea Property Co. has been speaking with investment banks about a potential Hong Kong share sale that could take place in 2018, the people said. ...

Dubai / Emirates Business Dubai breaks into the Top 30 Global Cities ranking for the first time, according to JLL’s annual Global Cities Ranking, ‘Global300’ survey focused on evaluating 300 cities that are centered around commercial real estate activity. Ranking 27th place out of the 300 cities surveyed, Dubai moved up ranking in each successive year from 36th place in ...

DUBAI / WAM The Dubai Land Department (DLD) has successfully concluded its real estate roadshow and workshops in Moscow, Russia. The Real Estate Investment Management and Promotion Centre, the investment arm of DLD, oversaw the event with a delegation that was led by Majida Ali Rashid, Assistant Director General and Head of the centre. Majida Rashid said, “Dubai real estate ...

Bloomberg London homes are less affordable than ever before, despite slowing price growth and government attempts to cut the cost of housing for first-time buyers. It now costs the average Londoner 14.5 times their annual salary to purchase a home, the highest level on record, according to a report by researcher Hometrack. Cambridge, Oxford and the English seaside town of ...

Bloomberg Hong Kong’s red-hot housing market shows no signs of cooling anytime soon. Prices in the city have climbed 11 percent this year, defying skeptics waiting for the bubble to burst and government attempts to rein in the world’s most expensive housing market through a raft of taxes and mortgage curbs. If anything, the frenzy has intensified in recent months ...

Dubai / Emirates Business The Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), and Awards International, have announced the launch of the second edition of the Gulf Real Estate Awards, which targets all companies operating in the real estate sector in the GCC. The awards programme follows the directives of His Highness Sheikh Mohammed bin ...

Dubai / WAM Nasdaq Dubai will add Emaar Development to its futures market as soon as the company lists its shares on Dubai Financial Market (DFM), following its initial public offering, IPO. The listing is expected to take place on November 22. Investors will be able to trade futures on Emaar Development in order to take a position on the ...

Dubai / Emirates Business The third edition of Dubai Property Show in Mumbai successfully concluded in India. Dubai Land Department’s flagship event registered visitor footfall of 5,108 people and generated enquiries worth AED 1.8 billion. “Indians truly understand the worth of property investment and that’s why they are always enthusiastic about this asset class. The exhibition received a very encouraging ...