UAE set to slash requirements for citizens looking for home loans in the country
housing
Latest in housing
housing
Singapore is now costliest place to own, rent homes in Asia pacific: Report
India’s housing price is relatively inexpensive compared to the median household income over that in other developing countries
housing
Kuwait families rebuild houses for newlywed children due to rental crisis: Report
The Municipal Council has approved requests to allow Kuwaiti citizens to build a fourth floor in their private houses, but it is based on certain regulations
housing
UAE issues warning for companies to provide housing for employees
UAE announces rules for staff accommodation for workers in the country
Emiratis
UAE approves AED299m housing assistance for Emiratis
The funding was approved for house construction, completion, purchase, maintenance, and upgrades
housing
Saudi Arabia needs 1.2m new homes to meet 2030 demand
Saudi housing demand expected to hit more than 150,000 by 2030
Abu Dhabi
AED1 billion housing, infra projects coming up in Abu Dhabi’s Al Dhafra region for poor
The project, being implemented as part of the country’s plans to provide quality housing to citizens, is mainly coming up in the residential areas of Madinet Zayed and Liwa in the region
Core
UAE residential property market reaching bottom, says Savills CEO
Savills CEO Steven Morgan does not foresee any more price reductions despite coming supply
Bahrain
Bahrain aims to tackle problem of abandoned homes
Committee looks to address concerns that abandoned homes attract vermin and criminal activity
Abu Dhabi
Abu Dhabi orders nearly $1bn in housing loans to citizens
A total of 12,100 loans were distributed to Emiratis in Abu Dhabi last year
Dubai Ruler
Sheikh Mohammed approves $8.7bn homes plan for Emiratis
Following the directives of President Sheikh Khalifa bin Zayed Al Nahyan, the homes will be delivered up until 2025
Bank of England
Video: Is London’s property market in crisis?
London market is now facing the prospect of higher taxes and a warning from the Bank of England that UK home values could fall as much as 30%.
Dubai
Dubai to boost SMEs and housing sector
New proposals will allow timeshares in Dubai real estate and offer government contracts to SMEs