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Taimur Khan, CBRE head of research MENA (Credit: CBRE)

Saudi Arabia sees surge in residential property transactions

In the first quarter of 2024, the real estate sector in Saudi Arabia has experienced a surge in residential property transactions, according global consultancy firm CBRE. The number of sales transactions registered in Riyadh totalled 23,900, recording a year-on-year increase of 77.0%. The value of residential properties sold over this period stood at SAR 32.7…

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Dubai, UAE, MENA (Credit: Pixabay)

HNWIs to invest $4.4 bn on Dubai’s residential real estate in 2024

High-net-worth-individuals (HNWIs) globally are projected to spend $4.4 billion on residential real estate in Dubai, according to a new report by Knight Frank. The 2024 edition of the signature report in the Destination Dubai series, which surveyed 317 high-net-worth individuals (HNWIs) – 217 around the world and 100 GCC-based expat HNWIs, revealed that the Gulf…

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(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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(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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