Wednesday 15 August 2018
 
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real estate

Investcorp growth continues; net income rises to $125m

Investcorp, a global provider and manager of alternative investment products, reported an aggregate net income of $125 million for the year ended June 30, 2018 (FY 2018), an increase of 4% year-on-year compared to $120 million in 2017 financia

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Dubai Land Department seals Cityscape partnership

Dubai Land Department (DLD) has signed an agreement with Informa Middle East, organiser of the region’s foremost real estate platform, Cityscape. The MoU aims to focus its efforts on promoting Dubai as an attractive regional

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Al-Raya opens new branch in Saudi Arabia

Kuwait-based Al-Raya United Company for Real Estate Development recently opened a branch in Madinah, Saudi Arabia. CEO Jassim Al Fajji said that the expansion in the kingdom comes within Al-Raya’s strategic plans as well as

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Dubai's H1 real estate brokerage commissions hit $155m

Dubai's real estate brokerage commissions surged to hit Dh571 million ($155 million) during the first half of 2018, with a total of 5,181 active brokers, representing 2,113 offices, contributing to the sustainable growth achieved by the sect

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Mulkia announces $2.7m dividends for REIT investors

Saudi-based Mulkia Investment Company has announced distribution of dividends worth SR10.2 million ($2.7 million) to the shareholders of its real estate investment trust (REIT) fund, Mulkia Gulf Real Estate REIT, for the second quarter.

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Signature Developers targets prime properties

Signature Developers, a pioneering developer of luxury properties in Dubai, UAE said it is committed to realising more real estate aimed at ultra-high net worth individuals. With an increasing number of multi-millionaires looking

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Côte d’Ivoire ropes in Egyptian developer as key partner

In a major move, leading Egyptian real estate developer Tamer El Khouly has been signed up by the west African nation of Côte d'Ivoire as its strategic partner to help boost investment opportunities in real estate and infrastructure fi

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UAE stimulus bid 'to help boost real estate sector'

With real estate prices on the decline for the last three years mainly due to oversupply from the off-plan market, and not enough demand to meet handovers, the UAE government is taking several steps to boost the market, said an expert.

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Dubai Land Department unveils virtual realty platform

As part of its contribution to the Dubai 10X initiative, Dubai Land Department (DLD) has launched a new platform for conducting real estate trading and transactions with multiple parties, anywhere and anytime. The Real Estate Self

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Dubai tops global real estate with 8pc rental returns

Dubai currently leads the global real estate sector in terms of investment locations among the major cities, with returns averaging 7-8 per cent per annum, compared to the best performing cities in the world, according to a report by Private Fin

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