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    Month: May 2024

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    UAE

    UAE construction pipeline valued at $590bn, MENA region has $3.9tn of unawarded projects – Arabian Business

    May 15, 2024May 15, 2024abenasser
    Dubai

    Dubai leaks: Guess which country’s citizens own most property in this city? – Business Standard

    May 15, 2024May 18, 2024abenasser
    UAE

    Property Finder secures $90 million in debt financing from Francisco Partners – My Startup World

    May 15, 2024May 16, 2024abenasser

    Dubai-headquartered Property Finder has secured $90 million in debt financing from Francisco Partners to facilitate the repurchase of shares held by its initial institutional investor, BECO Capital. This move underscores the sustained domestic and international interest in the UAE’s flourishing real estate Read More

    New York, New York City

    Wellness Real Estate Market Expected to Hit $913 Billion By 2028 – Hospitality Design

    May 15, 2024May 15, 2024abenasser

    The Global Wellness Institute (GWI), a nonprofit research organization, released a new data report yesterday at the third annual Wellness Real Estate & Communities Symposium in New York. The report reveals that wellness real estate has been the fastest-growing market in the Read More

    USA

    The 2020s could be the best decade ever for America’s housing market – Daily Mail

    May 14, 2024May 17, 2024abenasser

    House prices have grown 47.1 percent since the pandemic, new analysis shows   It marks a faster pace of growth than the whole of the 1990s or 2010s  Current decade is on track to eclipse red-hot housing market of the 2010s By Helena Read More

    Florida, Orlando

    This tiny 10-foot-wide ‘spite’ house now on the market in Florida for $619K – Orlando Weekly

    May 14, 2024May 14, 2024abenasser

    A menacingly thin home has hit the market in Florida. Located at 1952 Horn St. in Jacksonville Beach, the residence is just 10 feet wide and comes with two bedrooms, three baths and a slim one-car garage. Known as a “spite” house, the 1,547-square-foot Read More

    New York, New York City

    Rudy Giuliani re-lists his NYC home for $5.7M – New York Post

    May 14, 2024May 15, 2024abenasser

    Rudy Giuliani’s upscale Manhattan residence has returned for sale shortly after the former New York City mayor found himself suspended from his radio show at WABC, The Post has learned. The property, located at 45 E. 66th St., has reemerged with a Read More

    Florida, Tampa

    This 10-foot wide Florida house is now on the market for $619K – Creative Loafing Tampa

    May 14, 2024May 14, 2024abenasser

    Things are getting pretty slim out here, and now an insanely skinny house is up for grabs in Florida. Located at 1952 Horn St., in Jacksonville Beach, the 10-foot wide home is the product of local setback laws, and an already narrow Read More

    Florida

    Half Of America’s Housing Inventory Is Concentrated In One Region Of The Country – Yahoo Finance UK

    May 14, 2024May 14, 2024abenasser

    Half Of America’s Housing Inventory Is Concentrated In One Region Of The Country Horace Greeley is famous for his advice to “go West,” but Americans in search of affordable housing are increasingly turning south to get their piece of the rock. This Read More

    Dubai

    Terrorist groups suspected of channelling funds into Dubai real estate: Report – WION

    May 14, 2024May 19, 2024abenasser

    A large amount of real estate transactions in Dubai is suspected to involve people associated with groups subjected to US sanctions for their alleged ties to terrorist organisations like the Hezbollah and Houthi rebels, says a report by Nikkei Asia.  The report is based on data pertaining to Read More

    Las Vegas, Nevada

    Las Vegas home prices springing forward, new report says – Las Vegas Business Press

    May 14, 2024May 14, 2024abenasser

    A recent Las Vegas Realtors report shows local housing prices springing forward in April, with condo and town home prices reaching a record high. LVR reported the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service Read More

    News and Blogs

    Santa Monica: An unexpected haven for first-time buyers – HousingWire

    May 14, 2024May 14, 2024abenasser

    “People who already own homes are less likely to be buyers right now because they are holding onto their properties because of low interest rates,” Joe Cilic, the team lead of the Sotheby’s International Realty-brokered Cilic Group, said. The influx of first-time Read More

    New York, New York City

    New York by the Numbers Monthly Economic and Fiscal Outlook No. 89 – May 14, 2024 – New York City Comptroller

    May 14, 2024May 20, 2024abenasser
    Florida

    Florida Down Payments Plunge as People Rush to Sell Houses – Newsweek

    May 14, 2024May 16, 2024abenasser

    Cities in Florida saw some of the largest declines in down payments for home purchases at a time when homeowners in the state are highly motivated to sell, according to an analysis by Realtor.com. Read more: How to Sell Your Home The Read More

    Dubai

    Dubai leaks reveal Zardari and Musharraf’s properties – Aaj News

    May 14, 2024May 14, 2024abenasser

    A startling new report has revealed how Dubai’s real estate market is a storage vault for the world’s dirty money. The list includes names of multiple Pakistanis including former President Pervez Musharraf and current President Asif Ali Zardari. The report has been Read More

    Dubai

    Dubai Unlocked: How Yanukovych-Era Ukrainian Officials Poured Millions Into Secretive U.A.E. Real Estate – Radio Free Europe / Radio Liberty

    May 14, 2024May 15, 2024abenasser

    Ukrainian officials who served during the reign of Kremlin-aligned President Viktor Yanukovych poured millions of dollars into Dubai real estate, including public servants who failed to report these assets or have faced charges of corruption, abuse of office, or treason, a new Read More

    Florida

    Real Estate Investments in Florida: A Growing Opportunity for Foreigners – Cuba Headlines

    May 14, 2024May 15, 2024abenasser

    Florida has solidified its status as a magnet for foreign investors interested in the U.S. real estate market. The 2023 report from the Miami Association of Realtors revealed that the Sunshine City attracted buyers from 52 different countries. Foreign buyers make up Read More

    UAE

    UAE’s Property Finder raises $90 million debt financing – Wamda

    May 14, 2024May 16, 2024abenasser

    UAE-based proptech Property Finder has raised $90 million in debt from Francisco Partners. Founded in 2007 by Michael Lahyani, Renan Bourdeau, Property Finder’s marketplace allows filtered searching of available options for properties to buy and rent. Property Finder, which has expanded its Read More

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