The Dubai Land Department (DLD) announced the launch of a new real estate initiative known as 'Real Estate Lawyer' in partnership with Al Tamimi & Company. The agreement outlining the details of the initiative was drafted to facilitate growth in the real estate market by providing greater support for real estate investors and encouraging further foreign investor participation in the emirate.

The DLD's real estate initiative is designed"...

In late June, a law put forward by the Catalan government in Spain to permit rent caps amid soaring prices was rejected by the Catalan parliament.

The block highlights the difficulties Spain faces in reaching a consensus on measures to stop tenants from being priced out of their neighbourhoods and cities.

Housing became a defining issue in Spain in the wake of the crippling"...

ABU DHABI, 7th July, 2019 (WAM) -- The Securities and Commodities Authority, SCA, amended an administrative resolution related to regulating the 'General Real Estate Investment Fund,' which will be in force upon its issuance.

The amendment issued in 2019 includes changes to Article 2 of the administrative resolution, which stipulates that the fund’s real estate assets shall not be less than 75 percent of its total assets. Revenues"...

NEW DELHI: Indian Prime Minister Narendra Modi’s government proposed heavy investments in infrastructure, the digital economy and job creation to lift a sluggish economy burdened with a 45-year-high unemployment rate of 6.1 percent. Unveiling a draft budget after a major victory in national elections, Finance Minister Nirmala Sitharaman proposed a bigger role for foreign direct investment in aviation, media and insurance.
The government set a target for the economy to grow to $5 trillion by 2025 from the present"...

The combined value of the more than 26,000 construction projects across the GCC has exceeded Dh9.25 trillion ($2.52 trillion) in June, according to a report by BNC Network, a key project research and intelligence provider in the Middle East and North Africa (Mena) region.

Regional heavyweight Saudi Arabia leads the GCC in the total value of construction projects worth $895.8 billion, followed by the UAE with projects valued at $830.6 billion, according to the June 2019 issue of the BNC Projects Journal: The Next"...

Select Group, one of the largest investment and development companies in the region, has started handover of the second tower in their flagship development, The Residences at Marina Gate.

Occupying the central location in the development, Marina Gate II features 519 residential units, 16 retail units and is spread over 64 floors. With a built-up area of 1,352,400 square feet, the development includes one, two and three-bedroom apartments, half floor"...

Master developer Nakheel is investing AED114 million in roads and bridges giving direct access to Al Khail Avenue, its new retail, dining and entertainment development at Jumeirah Village in Dubai.

Nakheel, which is funding the roads project in full, has appointed Wade Adams Contracting to build the access routes, with the Roads and Transport Authority, RTA, overseeing their construction. Under the contract, signed today, work will begin immediately"...

The Netherlands has started construction of its Expo 2020 Dubai pavilion, the Dutch Consulate has announced.

The pavilion will feature a biotope, designed by V8 Architects, which connects water, energy and food in a circular way.

The production of water from desert air powered by solar power is one of the inventions that will be on display from October 20 next year in"...

Saadiyat Development and Investment Company (SDIC) has announced the appointment of Shapoorji Pallonji Middle East as the main contractor for its AED1.5 billion ($410 million) Qaryat al Hidd project on Saadiyat Island.

The 160,000 sq m Qaryat al Hidd development consists of two separate residential developments, Sunrise and Sunset.

Over 900 luxury apartments are spread"...