Showing posts with label Gulf Real Estate. Show all posts
Showing posts with label Gulf Real Estate. Show all posts

Friday, June 7, 2019

Real estate investment in Egypt

Many investors and businessmen seek to invest their money in the Egyptian real estate market, through which profits are generated to help them develop their various projects. The investor in the Egyptian real estate sector should be aware of many of the internal and external factors that affect the real estate climate.

Real estate investment is considered one of the most successful investments in the world, especially the Arab Republic of Egypt. Real estate investment in Egypt is witnessing great changes in terms of movement and development. Real estate investment is no longer confined to businessmen and investors. To increase demand.

The State has also helped investors, businessmen and themselves by opening new investment fronts in the real estate sector by adopting real estate projects such as low-income housing, youth housing and other new urban communities in desert areas.

Many investors prefer to invest their money in the real estate sector from other sectors such as the gold market and the stock exchange because these investments are linked to international prices and the dollar price, but the real estate investment is linked to the internal conditions of the country, and the provision of the government of that country to help increase investments and attract heads Money to create a successful and profitable real estate market.

The liberalization of the exchange rate of the dollar has played a major role in attracting investors to the Egyptian real estate market, which witnessed a boom in price increases, prompting investors to buy land and housing units to convert it into real estate investment. The real estate market in Egypt is experiencing a boom and price rise, For school holidays and the completion of marriage in the summer.

The State has developed the infrastructure of the country from the development of the road network and all the facilities needed by the investor for the success of his investment projects in the real estate sector.

The real estate investment is one of the best types of investment in Egypt and in the Arab world as a result of what this sector achieves from big profits, And has been associated with many sectors of service, commercial and industrial, and the State launched several giant national projects, which has been the introduction of international partners, and developers have contributed to the modernization of real estate marketing in Egypt.

The Egyptian State has provided many new areas for real estate investment. The choice of these areas was based on the idea of ​​exploiting the Sahara and alleviating the population congestion in Greater Cairo and other governorates and working to provide all the facilities and services needed by the real estate sector.

The fifth assembly area is considered one of the most important real estate investment areas in Egypt due to its unique design which combines the eastern style with the western style. The new Cairo is a real estate project in Egypt. Sports clubs and places of worship.

In order to achieve a successful real estate investment, the investor must be fully aware of the rules and laws of the Egyptian real estate market and abide by them. It is also necessary to know the economic and social conditions surrounding Egypt to find out the investment opportunities available in it and to know the real estate prices available in the Egyptian real estate market so that it can achieve the desired profits from the investment In this important sector, which the government supports and cares about.

Dubai Asset Management in partnership with "Hi Geets"

Dubai Asset Management sweeps short-term rental market in partnership with Hi Geets

Dubai Asset Management, a subsidiary of Dubai Holding, has revealed that it has invaded the short-term rental market in partnership with Hi Geets in the UAE capital, Dubai, which specializes in leasing residential units and properties in a short period of time.

The UAE capital has witnessed a significant rise in the holiday rental market due to the regulatory environment and increased need for more flexibility and housing units, especially as Dubai continues to attract international talent with its keenness to strengthen its position as a leading tourist city.

Dubai holiday homes account for 2% of the total number of residential units in Dubai, and this is the highest percentage of its kind among the major cities in the world. Dubai is witnessing a continuous increase in demand in the short-term rental market as a result of the Expo 2020 Which brings the city to receive many visitors participating in the exhibition, which is the number of visitors nearly 17 million visitors add to the city plan to host 25 million visitors with the advent of 2025

Projects of Dubai Asset Management Company

Dubai Asset Management Company is a part of Dubai Holding Company in the UAE and evaluates several real estate projects in Dubai such as Al Khail Gate, Rehab Residences, Lian, Nazil, Shrouq, Al Ghuwab, Al Quoz Residences and Residential Units for rent in Dubai, Wharf and Remaram.

Hi Geets Projects in Dubai:

Hi Geets is one of the leading leasing companies in Dubai for 3 years and currently operates more than 200 residential units in key locations in Dubai including Palm, Dubai Marina, Jumeirah, Downtown Dubai and Dubai International Financial Center.

The company also offers short-term residential units in some cities around the world, such as Mumbai, India and Barcelona. The company has achieved a 30% rate of revenue over traditional rents as a result of its technology-based operating model and the company's great experience in revenue management and dynamic daily pricing policy.

Company Hi Geets has registered about 600 housing units in the "Dubai's Wharf" project and established residential units more than 2,000 guests from different nationalities such as the United States, Europe, China and the GCC countries and thus exceeded the occupancy rate of about 70%.

The company's online platform has provided innovative services for guests and visitors of the company similar to what they expect from five-star hotels.

The revival of the short term rental market in Dubai

The short-term rental market has rebounded in Dubai as it is one of the world's leading tourist cities attracting more than 10 million visitors a year because it has many modern architectural features such as Burj Dubai and a number of shopping areas And entertainment in the city.

The increase in the number of visitors, both business and leisure, has led to an increase in the demand for short-term housing units, as a result of the emergence of a number of real estate companies and real estate agencies renting their residential units to visitors, whether on a daily, weekly or monthly basis.

Dubai has a number of short-term rental units, starting with comfortable studios, apartments and luxury beachfront villas.

Thursday, April 18, 2019

Gulf Real Estate Market Summary

SAMA: Mortgage loans grow 3-fold during last February

Riyadh - Aawsat.com:  a reports Issued by the Saudi Arabian Monetary Agency (SAMA) on a consumer credit survey for February, which showed that the loans have made a big jump, with growth of more than 3 times compared to February of last year.

The number of financing contracts offered to individuals during this month was more than 210% compared to the same month last year. In February 2019, 9736 new financing contracts worth more than 4.6 billion riyals were signed, with 3,143 financing contracts amounting to SR 2.079 billion. Of banks and financing companies.

The statistics indicated that the government has directed during the last period to activate the housing finance contracts provided to individuals with the support of the State, where the month of February last increase of 1.7% compared to January of the same year, and the Ministry of Housing during the past period a government program specialized to provide Housing options for citizens, including facilitating access to finance with the support of the state, by providing support to citizens to bear profits on mortgages, to contribute to raising the ownership rate to 70% by 2030.

During the month of February, real estate finance for individuals increased by 121% compared to the same month last year. The total amount of mortgage finance provided by Saudi banks and other financing companies since the beginning of 2019 in January and February, To reach SR 9.4 billion, with a total of 19.314 thousand financing contracts, which is equivalent to the total amount of real estate finance provided during the first half of last year 2018, with contracts amounting to about 20,059 thousand financing contracts.

The number of contracts supported by housing support programs provided by the Ministry of Housing or the Real Estate Development Fund in February 2019 represents 84% ​​of the total number of contracts, up to 8135 financing contracts, and 77% of the value of funding was through support programs Housing, representing about 3.6 billion riyals, registering a growth rate of more than 1%, compared to the previous month, January 2019, which saw the submission of financing contracts supported by the ministry exceeded 3.58 billion riyals.

According to the Saudi Arabian Monetary Agency (SAMA), about 92% of mortgage loans were provided through commercial banks, with a total of 9049 loans. The share of financing institutions represents up to 8% with a total of 687 contracts. While the number of mortgage contracts for individuals in February 2018 provided by banks and other financing institutions about 3143 financing contracts, including 2959 contracts of banks and 184 of the financing companies with a total value of 2079 billion riyals.

Abu Dhabi 3848 units real estate during the past year

Abu Dhabi - Aawsat.com: The total number of completed buildings in the Emirate of Abu Dhabi reached 3,848 during 2018 compared to 3844 in 2017. A report published by the UAE news agency WAM said that the number of completed buildings reflects The real estate sector is one of the most active economic sectors in the UAE. Figures from the Abu Dhabi Statistics Center show that the Al Ain area witnessed a significant activity last year compared with the rest of the region. The number of completed buildings reached 2034 buildings, constituting 53% of the total buildings completed in the Emirate in 2018.

In the Abu Dhabi area, the number of completed buildings reached 1644 buildings, constituting 43% of the emirate's total buildings. In 2006, 96% of buildings completed in the Emirate of Abu Dhabi were in the Abu Dhabi and Al Ain regions, while the share in Al Dhafra was 6%, according to the Statistics Center.

In terms of building classification, the number of residential buildings reached 3,047, accounting for 79.2% of the total number of buildings completed in the Emirate of Abu Dhabi (Abu Dhabi, Al Ain and Al Dhafra). According to the statistics center, 19.8% of buildings completed in the Emirate of Abu Dhabi were distributed to public facilities, commercial and industrial buildings and those classified as residential. The number of buildings completed in the Emirate of Abu Dhabi reached 2,181 during the first half of 2018 with a growth rate of approximately 5% compared to 2080 buildings in the same period of 2017.

The Future of Construction Exhibition concludes in Ajman

Ajman Chamber of Commerce & Industry (Ajman Chamber of Commerce & Industry) has concluded the "Future of Construction" exhibition, which was attended by 52 of the largest local and international companies specialized in sustainable building technology and cities of the future.

Chairman of Ajman Chamber of Commerce & Industry, Abdullah Al Muwaiei, stressed the importance of leadership in the UAE by providing the necessary elements for the growth and sustainability of the construction, contracting and real estate sectors and keeping abreast of what is new in these various fields.

"The success of the exhibition was the result of concerted efforts and the keenness of government and private sectors to highlight the objectives of the exhibition and to improve the infrastructure, real estate, construction and construction sectors," he said.

The exhibitors and participants in the exhibition recommended that the event should be organized annually and the number of local and international exhibitors should be increased, in view of the special importance of the exhibition for the sectors of infrastructure, construction and construction, and the latest developments in the fields of building materials, transportation, energy, control, communications, security and other fields. The products are in constant evolution and innovation. Calling for increasing the participation of government agencies concerned with infrastructure and real estate development to open the field and partnership with companies and factories involved.

Representatives of the participating parties praised the exhibition "Future of Construction" and its role in providing an international platform through which the exchange of experiences, partnerships and deals between participants and visitors of the relationship.

The final day of the exhibition witnessed the signing of a memorandum of understanding between Ajman Chamber and The Line Company, signed by Amna Khalifa Al Ali, Board Member of Ajman Chamber, and Omar Al Falasi of The Line Company, to offer discounts to Ajman Chamber of Commerce and Ajman Businesswomen Council .