Real Estate

  Sharjah / WAM Real estate transactions in the emirate of Sharjah during November increased to AED2.7 billion, compared to a monetary value of real estate transactions of AED1.9 billion the previous month, according to a report issued by the Sharjah Real Estate Registration Department (SRERD). The report indicated that 2,813 real estate transactions were carried out during the period, ...

  Dubai / WAM Dubai real estate market recorded 385 sales transactions worth AED936.65 million, in addition to 98 mortgage deals of AED186.25 million, and 41 gift deals amounting to AED131.82 million on Tuesday, data released by the Dubai’s Land Department (DLD) showed. The sales included 358 villas and apartments worth AED691.86 million, and 27 land plots worth AED244.79 million, ...

  Dubai / WAM A total of 1,600 real estate transactions worth over AED4.8 billion were conducted during the week ending November 30, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that Dubai saw the sale of 176 plots for AED998.19 million, as well as 1,052 apartments and villas for AED 2.32 billion. Jabal ...

  Bloomberg The slump in Hong Kong’s home prices will deepen next year due to the combination of rising borrowing costs, a recession and an exodus of residents, according to Natixis SA. Residential prices are expected to fall 12% in 2023 and 2% the following year, taking the drop from the peak in late 2021 to 25%, Natixis analysts led ...

  Dubai / WAM A total of 2,867 real estate transactions worth over AED15 billion were conducted during the week ending November 25, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that Dubai saw the sale of 313 plots for AED1.57 billion, as well as 1,936 apartments and villas for AED4.48 billion. Al Hebiah ...

  Sharjah / WAM Alef group, the leading real estate developer in Sharjah, has launched Darb 3 in Al Mamsha Raseel (Zone 3), following record sales achieved with Al Mamsha Raseel – Darb 1 development project, to be delivered on time in the last quarter of 2024. The launch of Darb 3 coincides with recent amendments to Sharjah property ownership ...

  Abu Dhabi / WAM Abu Dhabi’s real estate market witnessed continued growth in the third quarter of 2022, recording 4,441 property transactions amounting to over AED21.04 billion, according to the latest report published by the Department of Municipalities and Transport (DMT). The DMT’s quarterly showed that the emirate recorded 1,995 real estate sales worth AED5.39 billion, and 2,446 mortgage ...

  Bloomberg A multimonth slide in Toronto home prices slowed in October, as sellers stepped back in hope the market will improve if they wait. The benchmark price for a home in Canada’s largest city fell 1.1% in October to C$1.1 million ($802,217) according to data released Thursday by the Toronto Regional Real Estate Board. That’s the smallest decline in ...

Some of Japan’s biggest trading houses reported bumper profits and flagged more to come as they benefited from higher energy and commodities prices. Sumitomo Corp. raised its full-year net income forecast by almost half to a record of 550 billion yen ($3.7 billion). Marubeni Corp. upgraded its profit guidance to an all-time high, while Itochu Corp.’s second-quarter profit beat analyst ...

Brooke Sample Remember when New Yorkers began fleeing the city at the beginning of the pandemic, escaping to their summer homes in the Hamptons or snapping up houses in the country? Those who dreamed of living in New York suddenly saw an opportunity to make it happen as landlords dropped rents in a desperate effort to fill now-empty units. Unfortunately, ...