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Middle East

(Omar Abu Innab, co-founder and CEO of Keyper)

Dubai ‘rent now, pay later (RNPL)’ scheme launches in July

UAE based proptech start-up Keyper, has officially announced a Rent Now Pay Later (RNPL) service, meaning Dubai residents can pay their rent monthly with their credit card. Traditionally, rent in Dubai has been paid with post-dated cheques (usually between one and six, depending on the landlord) over a 12-month period. Keyper will now make it…

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(Turkish Treasury and Finance Minister Minister Nureddin Nebati)

Turkey introduces cheaper mortgages for mid-income citizens

Turkey announced a cheap mortgage package for middle-income first-time homebuyers, as the government is trying to address problems in the real estate market of the country where the prices and rents hiked above the accessible level. Mortgages with lower rates and longer maturities will be offered to middle income Turks looking to buy new housing,…

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Qatari commercial real estate to continue to be in demand in 2023

The demand for commercial properties in Qatar will continue to grow in 2023, amid several international events in sports, business, and tourism, a report by Saakin group reveals. The report by the fastest growing online real estate directory in Qatar, says that enhanced cities and areas in the country will leave a significant mark in the commercial…

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(Taimur Khan, Head of Research – MENA at CBRE in Dubai. Image Courtesy: CBRE)

UAE real estate sectors inks strong performance

The UAE’s real estate sector continued to record strong growth in Q3 despite global headwinds, CBRE said in a fresh report. Looking at the UAE’s office sector figures, as demand has increased market-wide, CBRE saw performance in Abu Dhabi’s office rents also improve, with average Prime, Grade A and Grade B rents recording growth rates…

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(Sergiu Sobetchi, Head of Sales at Laguna Properties UAE)

Dubai real estate golden run to continue in Q4

UAE-based luxury residential agency Laguna Properties predicts a “golden run” for Dubai’s luxury residential sector in the final quarter of 2022, with investors attracted by the Emirate’s safe-haven status, reputation for resilience and opportunity for medium to long term growth, amidst a global context of uncertainty, inflationary pressures, interest rate rises and geo-political tensions. Laguna’s…

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