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Expert: Saudi Arabia’s office market rental growth will continue

The rapidly approaching deadline for the Regional HQ (RHQ) Programme has fueled leasing activity and is likely to sustain the office market rental growth run in the Saudi capital Riyadh, according to global real estate services provider Savills. The Grade A office occupancy rates have reached 98%, which is among the highest in the world, …

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Nikki Beach Residence’s Phase 1 has sold out; Ras Al Khaimah property market is trending

Similar to Dubai, Ras Al Khaimah has seen a bull’s eye project launch from Aldar Properties, adding to the proof that the emirate is going through an unparalleled off-plan boom. With 420 beachfront units and a combined sales value of Dh1 billion, the Abu Dhabi developer has confirmed that the first phase of its Nikki …

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Jacob & Co. partners with Nine Yards on Reem Island waterfront development

Nine Yards Plus Holding, the real estate holding company of EIH Ethmar International Holding Group, has announced an exclusive partnership with Jacob & Co., the well-known US jeweler and watchmaker, for its Reem Island Waterfront Residential Project in Abu Dhabi. This is a ground-breaking partnership and a first for the UAE Capital. This property development, …

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The GDRFA Dubai warns residents and visitors to protect their personal information

If you have received an email that appears to be from the General Directorate of Residency and Foreigners Affairs – Dubai (GDRFA-D), but seems suspicious, it is advisable to carefully review the contents before divulging any information. In a recent public security awareness message posted on the official GDRFA-D website – gdrfad.gov.ae – the authority …

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Dubai’s Sheikh Zayed Road will soon host a 50-storey residential tower

The UAE-based company Aqua Properties is launching two Dh3 billion projects within the next six months in response to the strong demand for off-plan apartments throughout the nation, particularly in Dubai. “Currently overseeing three ongoing projects with two more in the pipeline, including upscale apartments and strategically located mixed-use developments, Aqua Properties stands at the …

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As part of a flagship community project in Riyadh, Roshn and Ajdan join forces

For the second year in a row, prominent Saudi real estate developer Ajdan and the leading national real estate developer Roshn Group have inked a new sale and purchase agreement to develop residential units within Phase 2B of Roshn’s flagship Sedra community in Riyadh. Roshn is a giga-project owned by PIF. With eight phases and …

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In Dubai, the Bugatti Residences by Binghatti set a record for sales

With record sales prices and high interest being reached in new luxury projects, Dubai’s off-plan super-prime real estate market is only going to get bigger. According to official figures recently released by the DLD for November, post-sales reports indicate that Bugatti Residences by Binghatti outperformed all other off-plan projects in Dubai, gaining the highest rate …

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In Saudi Arabia, office rents are rising due to the influx of foreign companies

The major markets in Saudi Arabia have seen a sharp increase in office rents due to high demand brought on by the influx of new foreign businesses. According to a CBRE report released on Wednesday, leasing rates for premium space increased by roughly 24% in Riyadh during the third quarter of 2023, while increases in …

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