Saturday 25 February 2017
 
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Housing

Egypt to start work on Phase I of $45bn Capital City

Egypt said preparations were underway for the launch of the first phase of the new $45 billion Capital City which will boast several key amenities such as a business and finance centre, an exhibition fair city and residential units on 10,500 acr

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Qatar Holding invests $250m in India-based fund

ArthVeda Fund Management (AVFM), based in Mumbai (India), today announced that Qatar Holding (QH) has committed to invest $250 million in its affordable low and middle income (LMI) fund. The fund projects an internal rate of retur

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Dubai Properties delivers over 3,000 housing units in 2016

Dubai Properties (DP), a leading UAE-based real estate master developer, concluded 2016 with a successful handover of more than 3,000 residential units, supporting one of the city’s leading handover tallies since 2012.  

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Kuwait to spend $15.6bn on infrastructure in 2017-18

Kuwait is set to spend about KD4.74 billion ($15.6 billion) on infrastructure and other projects in fiscal year 2017-2018 with the private sector contributing 16.9 per cent of the spend, said a report in a local daily. The project

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Dubai's Yzer Property listings hit new high

Dubai-based property portal Yzer Property said the listings for property available for sale/rent on its website increased by 300 per cent within two months, making it the fastest-growing and largest specialist property listings website in the UA

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Saudi Arabia to build 280,000 new housing units

Saudi government has started work on an ambitious housing programme which will see the construction of 280,000 residential units at an investment of SR119.5 billion ($32 billion) over the next three years, said a report. As part o

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723 Emirati nationals get housing under special scheme

The Sheikh Zayed Housing Programme has approved an amount of Dh428.6 million ($117 million) to help 723 UAE citizens acquire residential accommodation. The housing support comprised 592 loans and 131 residential grants for 555 res

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Viva Bahrain donates $395,000 for housing

Viva Bahrain, a leading telecom services operator in the kingdom, has donated over BD150,000 ($395,000) as financial support to Masaken Housing project in Hamad Town, said a report. The inauguration of the first model of "Masaken&q

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Saudi Arabia plans new e-network to regulate rents

The Saudi housing ministry has announced plans to launch a national e-network (Ejar or Rent) to regulate the real estate rental market, said a report. The scheme, which is also aimed at supporting poor Saudi nationals who are unab

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Sharjah housing rents 38pc cheaper than 2008

Average rents in the northern UAE emirate of Sharjah are still 38 per cent cheaper than in 2008, as additional supply keeps rates from increasing rapidly, according to a report from leading real estate consultancy Asteco. The prop

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