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News
20Housing Ministry Offers Investment Land in New Cities; EGP 2,865 per Square Meter in New Tiba
The New Urban Communities Authority has offered investment land plots in new cities, including a 42,000-square-meter plot in New Tiba at EGP 2,865 per meter, with applications closing on October 15.
Saudi Real Estate Records 654 Transactions Worth SAR 279.9 Million in a Single Day
The daily index of the Real Estate General Authority showed 654 sales transactions worth approximately SAR 279.9 million recorded on October 7, an increase of 29.68% in value compared to the previous business day.
Mnzil Launches a 1-Billion-Riyal Fund for Worker Housing in 6 Saudi Cities
Mnzil, along with "The Development Group" and "Capital Partners", established a 1-billion-riyal fund to build worker housing communities in major Saudi cities, targeting 50,000 beds.
"Housing for All Egyptians 9" Determines Rental Priorities in 8 Cities and 5 Locations
The Social Housing Fund has set the priorities for rental units in "Housing for All Egyptians 9" based on the number of applicants and the terms and conditions booklet, following the Cabinet's approval of Resolution 2/38/2026.
Nakheel Awards Beach Works for Island B in Dubai Islands to Mar Marine
Nakheel has awarded marine and beach works on Island B in Dubai Islands to Mar Marine and Building Contracting, involving the development of 3 km of coastline and the addition of 320 meters of beach.
S&P: 2027 and 2028 Deliveries Could Deepen Dubai Real Estate Price Correction
S&P Global stated that residential property prices in Dubai have declined moderately since the start of the war, but new deliveries in 2027 and 2028 could accelerate the correction.
Qiwa: Mandatory Shared Housing for Establishments with 20 or More Workers Across 527 Occupations
The Qiwa platform stated that establishments with more than 20 workers in 527 occupations are obligated to provide licensed shared housing, and that paying a housing allowance does not exempt them.
Dubai Municipality Allows Shared Housing in 44 Areas with Fines Up to One Million Dirhams
Dubai Municipality issued a circular implementing Law No. 4 of 2026 on shared housing, designating more than 44 permitted areas, with fines reaching up to one million dirhams.
Beltone and Amtaar Plan Real Estate Fund with Issuances Reaching EGP 2 Billion
Beltone Asset Management and Amtaar Capital plan to launch a multi-issuance real estate fund in Egypt with a total target of EGP 2 billion, and a first issuance between EGP 500 million and 700 million.
S&P Sees Resilience in Dubai Property as Off-Plan at About 70% of 2026 Sales
S&P Global believes that Dubai's residential real estate market has shown remarkable resilience supported by residency reforms, with off-plan sales accounting for around 70% of 2026 sales.
Times Launches "Avelin Boutique" in New Cairo with Lemon Spaces
Times Developments launches the "Avelin Boutique" project in the Fifth Settlement, New Cairo, in partnership with Lemon Spaces, which will manage 150 serviced apartments, with investments exceeding EGP 3 billion.
Dubai Real Estate Transactions Reach AED 2.05 Billion Across 663 Deals on Wednesday
Dubai real estate transactions recorded AED 2.05 billion across 663 deals on Wednesday, led by Palm Jebel Ali with sales of AED 208 million.
Al Ramz Real Estate Signs SAR 400 Million Facility with Bank Albilad
Al Ramz Real Estate signs a Sharia-compliant facility worth SAR 400 million with Bank Albilad for a four-year term, to be repaid in four annual installments.
Egypt Allocates 43 Land Plots to Companies across 14 New Cities under US Dollar Sales System
The New Urban Communities Authority approved the allocation of 43 land plots to companies across 14 new cities under the US dollar sales mechanism from abroad.
Dubai Home Sales Drop 47% to $19.7 Billion in Q3
Dubai home sales fell 47% in value and 38% in volume during the third quarter of 2026 to 72.6 billion dirhams ($19.7 billion), according to Cavendish Maxwell.
Asbar and Ladan Strike SAR 339 Million Deal for Project in Riyadh
Asbar Capital and Ladan Real Estate Development sign a SAR 339 million agreement to develop a project on Prince Mohammed bin Salman Road in Al-Munsiyah district, Riyadh.
Dubai Records 37,429 Transactions Worth AED 92.9 Billion in Q3 Driven by Off-Plan Sales
Dubai recorded 37,429 sales transactions worth AED 92.9 billion in Q3 2026, led by 25,441 off-plan sales worth AED 52.6 billion.
Deyaar Hands Over 711 Units in 'Tria', Pushing 2026 Handovers Past 2,100
Deyaar Development hands over 711 residential units and six commercial units in 'Tria' at Dubai Silicon Oasis, raising its total handovers in 2026 above 2,100 units.
Saudi Real Estate Refinance Company Buys Mortgage Portfolio from Banque Saudi Fransi
Saudi Real Estate Refinance Company signs an agreement to acquire a residential real estate financing portfolio from Banque Saudi Fransi in their third deal.
Dubai Records 48,639 Lease Contracts in September, Up 22.6%
Dubai recorded 48,639 lease contracts in freehold areas during September, a monthly increase of 22.6%, bringing the nine-month total to 298,984 contracts.