Monthly Archives: February 2024

REVEALED: Dubai neighbourhoods with the highest rent increases

29 February 2024, Gulf Business

For residents of Dubai’s Damac Hills, Dubailand and Al Barsha the rental increases were particularly severe, according to the 2023 Annual Property Rental Market Report released by online marketplace dubizzle.

Last year proved to be a …

Dubai South, Abu Dhabi’s Aldar to develop logistics facilities

28 February 2024, Middle East Economy

Facilities to be built on a plot located near Al Maktoum International Airport

Dubai South and Aldar Properties have formed a joint venture to develop high-quality logistics facilities in Dubai South. The partnership aims to …

UAE: Binghatti enters sukuk market with $621mln subscriptions

28 February 2024, ZAWYA

UAE – Dubai real estate developer Binghatti has successfully launched its inaugural $300 million Sukuk issuance, according to a press release.

Priced at 9.625%, the three-year issuance witnessed a tightening of nearly 30 basis points, which reflects …

20th edition of International Property Show begins in Dubai

28 February 2024, WAM(Emirates News Agency)

Engineer Marwan bin Ghalita, Acting Director-General of Dubai Land Department, inaugurated the proceedings of the 20th edition of the International Property Show (IPS).

The event, spanning three days until 29th February, features the participation of …

Dubai CPI accelerated to 3.6% y/y in January

27 February 2024, Emirates NBD

Dubai’s CPI declined -0.3% m/m in January as lower transport, recreation and hospitality services prices offset a 0.9% m/m rise in food costs and a 0.5% m/m increase in housing and utilities costs. On an …

Egypt dollar bonds soar following mega deal with UAE’s ADQ

27 February 2024, Middle East Economy

Egypt’s economic landscape witnessed a significant upswing on Monday as international bonds soared and currency forwards strengthened following a groundbreaking $24 billion investment agreement with the United Arab Emirates (UAE). The real estate deal …

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