Arabian Business’ Post

Saudi Arabia has ranked as one of the most improved markets globally, according to JLL’s latest Global Real Estate Transparency Index (GRETI) 2024. The Kingdom’s significant improvement in score reflects its advancements in robust transparency and regulatory frameworks aimed at enhancing market effectiveness and transparency. This progress is pivotal as the Kingdom continues to transform its real estate sector, aligning with Vision 2030 objectives. For more information: https://lnkd.in/gSrtDHsF #JLLMENA #SaudiArabia

The new found Resilience in the Residential Real Estate Sector in the United Arab Emirates is now pointing towards its readiness to attract Institutional Investors.

Property Finder's latest Market Watch report underscores the dynamic resilience of Qatar's real estate and construction sectors. In the midst of global economic uncertainties, the market showcased sustained progress, driven by robust investment activities from both the government and private sector. The establishment of a dedicated Real Estate Regulatory Authority (RERA) has transformed the regulatory landscape, bolstering investor confidence and stability. While permit numbers declined, the sector is witnessing a shift towards higher-value, quality projects - a testament to its evolving maturity. With upcoming mega-developments and digital advancements on the horizon, Qatar's real estate landscape is poised for continued growth and opportunity. Read more: https://lnkd.in/gAmTN2hA

The value of real estate deals in the GCC countries reached $171.6 billion from January to October 2023 (10 months), marking a growth of 21.1% annually as compared to $141.7 billion in the same period of 2022, said a report. Read more on https://lnkd.in/d6Hga4qu #GCnews #realestate

Glad to be part of the team that worked on Forbes Middle East's list of "MENA's Most Impactful Real Estate Leaders 2024" The #realestate market is a cornerstone of any economy and affects a vast number of people through its movements. In 2024, the real estate sector continues to have promising long-term potential. Robust economic growth, expanding population, and government investment could all contribute to increasing demand for real estate. Governments, corporations, and semi-government developers are investing in real estate projects throughout the region, particularly in #SaudiArabia, #Egypt, and the #UAE. These projects are giving a huge boost to the regional construction sector, which also has a positive outlook over the next few years. Real estate sales transactions in the GCC between January and October 2023 reached $171.6 billion, up 21.1% year-on-year, according to a report by Kamco Invest. Dubai’s transactions increased by 57% during the same period, contributing 52.1% to the GCC’s total transacted value. Our list of The Middle East’s Most Impactful Real Estate Leaders 2024 features 33 companies from the U.A.E., followed by Saudi Arabia with 23 entries and Egypt with 20.

The total value of real estate transactions is expected to reach AED87bn ($23.7bn) by the end of 2024, he said. Al Amirah noted that, in the long term, Abu Dhabi is projected to maintain its position as an attractive destination for living and investment, leading to sustained growth in the real estate sector over the coming years. He added that the sector contributed approximately 16 per cent to Abu Dhabi’s GDP by the end of Q1 2024, equivalent to AED25bn ($6.8bn), underscoring the strategic importance of real estate in supporting the emirate’s non-oil economy. He expressed optimism about increasing the sector’s contribution to the GDP in the future, driven by ongoing major projects, advanced infrastructure, and the attraction of further investments, contributing to sustainable growth in the sector. He said: “Initiatives such as the rental index and digital transformation are also helping to enhance the sector’s attractiveness and future GDP contribution.” Al Amirah revealed that real estate investment transactions, including sales and purchases, amounted to around AED30.7bn ($8.4bn) in the first half of this year, reflecting Abu Dhabi’s growing appeal as a global investment hub, adding that these investment inflows are expected to further drive growth in the real estate sector. Source: @arabianbusiness

Kuwait's Real Estate Market Sees Significant Revenue Growth Kuwait's real estate sector has recorded a notable increase in revenue, growing by 34% year-over-year. This growth is attributed to the rising demand in both the residential and commercial property segments. The Kuwaiti government has also implemented several reforms and initiatives to attract foreign investments, further boosting the market's performance. Analysts predict sustained growth for Kuwait's real estate sector, driven by robust economic recovery and increased investor confidence. This positive trend underscores the market's resilience and potential for continued expansion, making it an attractive destination for both local and international investors.

DHF Capital's CEO and Asset Manager, Bas Kooijman MSTA, is of the opinion that the UAE is positioning itself as a leading global location for real estate diversification. He supports his view by stating: "High rental income potential, paired with impressive growth projections, makes Dubai a strategic choice to build resilient and diversified portfolios." Read more: https://lnkd.in/d4H_WdSe

Our goal is bold yet simple: to become the UAE’s #1 online property investment portal.⛳️ This means breaking down barriers, demystifying investing, and offering unparalleled access to Dubai’s real estate market.📊 With every feature we introduce and every update we will be rolling out, we will aim to inch closer to making property investment universally accessible and remarkably simple. Visit asette.com to sign up & join the wait list for our free BETA access. Here’s to building futures together! . . . . #propertyinvestment #realestateinvestment #dubaiproperty #dubairealestate #dubaioffplan #offplanproperty #realestateportal #asette

Middle East Real Estate Market Remains Resilient to Global Headwinds, Driven by Non-Oil Investment Expansion Read More: https://lnkd.in/ddk_gKXN #dubai #realestate #propertytime #dxb #trending #dubai