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

Saudi Arabia offer land for sports investments

Saudi Arabia launches land for investment in sports sector

The Ministry of Education in Saudi Arabia has tended to offer a number of sports complexes, whether old or existing, in a number of Saudi cities to leasing to the private sector during the coming period
The ministry explained that the development of buildings is responsible for the investment portfolio, where the sports land is determined to invest by offering to rent to the private sector and develop them and convert them to facilities with better use instead of the current situation, according to the newspaper.

The Saudi Ministry of Education aims to rent its lands for investment in sport

The plan is the second investment plan undertaken by the Saudi Ministry of Education following the presentation of its buildings in excess of the need for leasing to investors in the field of private education in order to strengthen relations and the participation of investors in the public education sector in the Kingdom.

The Ministry has sought to launch the project to rent its land in excess of its need in some cities in which a number of public schools have a number of investors in order to encourage and support businessmen to invest in the public education sector and access to educational buildings with high quality specifications that contribute to achieving qualitative and quantitative change Desired for this sector.

The move coincides with the adoption by the Ministry of Education of the design of public school designs in the Saudi capital Riyadh. A new strategy has been developed by BDC to become the first choice for investors in the field of foreign and private schools.

The service seeks to provide integrated services, modern technologies and high quality solutions that meet the aspirations and needs of its customers, enhance flexibility, achieve integration and establish its leading position in linking services between investors and all parties in accordance with the basic standards.
This service aims to achieve the ideal value for investors and high efficiency and establish its leading role in achieving social and economic development and achieve an attractive work culture and successful results in a short period of time.

The ministry explained that it has created a new unit whose task is to manage a plan that implements the terms of the resolution and adopts designs, restricting and gathering information and evidence through the integrated portal on its website, and setting up workshops in coordination with the committee of private education in the Council of Saudi Chambers and the competent authorities in the ministry to identify the requirements and identify the challenges Faced with the aim of beginning to develop design standards for the construction of educational buildings for all educational stages.

The Ministry has prepared a manual to clarify the minimum standards for the design of buildings of foreign and domestic education schools and the procedures required for their adoption, organization and facilitation of service to investors in the foreign and national education sector. It also defines the mechanism of approving the designs of educational buildings such as the standards of educational spaces, student space and services that help increase the efficiency of buildings in achieving their function And the speed of the process of auditing and accreditation of high quality to support the investor and achieve the goal of the vision of the Kingdom 2030 is to raise the quality and efficiency of education in Saudi Arabia.

It is worth mentioning that the Saudi Ministry of Education has put about 115 land owned by investors in the field of private education sector and foreign in 16 cities in the Kingdom of these cities, Jeddah, Medina, Abha, Makkah, Jizan, Ahsa, Hail and Sabia and the Eastern Province and Riyadh to lease to investors contracts with a long period of time up to 20 years.

 The number of land offered for leasing in Riyadh was about 22% of the total land offered for leasing to investors in the field of education. The area of ​​this land ranges from 4000 to 10,000 meters for the establishment and operation of all schools and educational complexes.

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 .

Expo Dubai boosts UAE economy

Expo Dubai adds 33 billion dollars to the UAE economy until 2031.

The Expo 2020 Dubai is expected to contribute a total value of AED 122.6 billion (US $ 33.4 billion) in the UAE economy between 2013 and 2031, according to an independent study by Ernst & Young, And quoted by news agencies Reuters and Aawsat newspaper

The global exhibition could help Dubai's economy, which grew 1.94 percent in 2018, the weakest pace since the real estate crash in 2009 triggered a debt crisis. The Expo 2020 will allow up to 905,000 and 200 years of work between 2013 and 2031, equivalent to about 49,700 full-time jobs per year during this period, Ernst & Young said in a press release on Monday.

 During its events from October 2020 to April 2021, Expo 2020 is expected to attract about 25 million visits to Dubai and contribute 1.5 per cent of the UAE's expected gross domestic product.

Following the exposition, from May 2021 to December 2031, Expo will contribute 62.2 billion dirhams ($ 16.94 billion) in gross domestic product (GDP) and an average of 53,800 jobs.

According to an executive summary of the study received by Reuters, investment in infrastructure and other assets is expected to reach AED 40.1 billion in preparation for the Dubai Expo.

"This independent report shows that Expo 2020 Dubai is an important and long-term investment in the future of the UAE, contributing more than AED 120 billion to the economy between 2013 and 2031," said Najib Mohammed Al Ali, Executive Director of Expo 2020 Dubai.

"The event will not only encourage millions of people around the world to visit the UAE in 2020, it will also stimulate tourism and travel and support economic diversification for years after Expo, leaving a sustainable economic legacy that will help ensure the UAE remains a leading destination for business, leisure and investment."

Ernst & Young said that the SME sector, which is a central part of the national economy of the UAE, will benefit from AED 4.7 billion of investments being made during the pre-launch phase of Expo 2020. Expo 2020 brings Dubai under its umbrella To 200 participants from countries, companies, multinational organizations and educational institutions.

The study considered direct increases in economic activity, the indirect benefits of increasing demand across the supply chain, and the benefits of increased spending by corporate staff participating in Expo 2020 Dubai, but analysts question whether Expo 2020 will provide sustainable economic growth, Given the current slowdown.

"Our biggest concern for Expo is whether long-term benefits will be realized," said William Jackson, chief emerging market analyst at Capital Economics in London. It depends on whether other companies move to Dubai 2020. " "If this does not happen, it could result in a surplus in Dubai's absorptive capacity," he said. "This may be particularly notable in the hotel industry, where the expected number of visitors is very high ... Surplus capacity may make companies Are having a harder time repaying the debt they borrowed to finance the construction of Expo. "

Dubai's stock index lost more than a quarter of its value in 2018, its worst performance in the Middle East last year amid renewed declines in real estate prices. S & P Ratings said in February last year that after property prices fell between 5 and 10 per cent in 2017, they could fall between 10 and 15 per cent in Dubai over the next two years.

"Expo 2020 Dubai is a long-term investment for the UAE and is expected to have a significant impact on the economy and the process of creating jobs directly and indirectly," said Matthew Benson, partner of Ernst & Young's Transaction Advisory Services. As the host, Dubai aims to take advantage of this international event to further strengthen its reputation and reputation internationally.

The event will celebrate innovation, promote progress and work together, and provide fun and education to a global audience. "

At the heritage stage from May 2021 to December 2031, Expo 2020 will become Dubai after the end of the year to the "Constitution 2020" - the integrated urban community, which is expected to include major companies to establish centers of operations in addition to the expansion of the operations of the Dubai Exhibition Center.

It is planned to support the future vision of the UAE by supporting sustainable economic development, moving towards an innovation-based economy and providing a working environment that will support key growth industries such as logistics and transport, travel and tourism, construction and real estate, and education. More than 80 per cent of Dubai Expo buildings will be retained in the Constitution 2020, which will later expand to a city of more than 4 million square meters.