The activity in the residential market in Kuwait picked up in May following a lull during the previous month with the sector netting a sales of KD112.8 million ($373 million), up 88 per cent over April sales, said a report.
The residential market in Qatar showed signs of softening during the fourth quarter of 2015 due to falling oil prices and, yet, maintained high levels of demand due to the country’s strong population growth.
The residential property market in Saudi Arabia remained resilient despite pressure from lower oil prices and and reduced government spending, said a report.
The kingdom's prime markets were doing fine with capital Riyadh main
The real estate sector in Dubai, UAE, ended 2014 on a quiet note as nearly all segments of the market - office, residential, retail and hotel sectors - witnessed subdued growth levels in the fourth quarter, said a report.
The residential property market in Cairo, Egypt, showed signs of strengthening in the second quarter of 2014 due to the new projects that had been announced recently, said a report.
The apartment and villa sale prices in the Egypt
With freehold transactions falling by almost one third in total during the third quarter of the year, Dubai’s off-plan residential sales market is still buoyant and continues to attract regional and international investors, a report said.
The awarding of the Expo 2020 to Dubai in November capped a year of extraordinary growth in the emirate’s real estate market, with the residential market expanding rapidly, recording its strongest growth in five years, said a report.
Following a solid 2013, Dubai’s residential property market is showing signs of more modest growth in the first quarter of 2014, as regulations such as federal mortgage cap begin to take effect, according to a report.
The Abu Dhabi real estate market continued to grow during the first three months (Q1) of the year, with the prime residential sector seeing increased rents and prices and near to full occupancy for high quality products, a report said.
Growth in key non-oil sectors such as tourism, hospitality, education and healthcare is translating into robust demand in terms of the volume and nature of property requirements in Abu Dhabi, a report said.
The non-oil sector cont