The Capital Development Authority attracted attention as many officials in various departments began to be investigated by the Establishment Division, suspected of being involved in scandals related to the allocation of land plots. The establishment department is leading the investigation of SIDRA Anwar. In addition, the 18th grade officer of the Pakistan Administrative Service and […]
Abu Dhabi experienced an exceptional surge in its real estate market in 2023, with transaction values skyrocketing to AED 87.1 billion ($23.7 billion), marking a massive 159.5% enhancement from the year prior. The volume of trades, including purchases, sales, and mortgages across the sector, saw an uplift of 12.2%. The total number of transactions concluded […]
Negotiations between Pakistan and the IMF on a $3 billion standby agreement by March 18, 2024, are expected to be signed. However, the IMF has requested that Pakistan introduce a capital gains tax (CGT) on investments in cryptocurrency and real estate as a condition of the agreement. As per the local media reports, the IMF […]
As per the news sources, petrol prices will decrease on March 16. The newly formed federal government plans to adjust Pakistan’s gasoline and diesel rates. Starting in the second half of March 2024, a new oil rate will be released on March 15th. There is a rumor that the government will lower the price of […]
The construction of Pakistan’s largest IT park in Islamabad has received the green light from the Capital Development Authority (CDA), signifying an essential development in the technological progression of the city. Located in the G-10 Sector, this ambitious project occupies an extensive area of 3.3 acres and aims to revolutionize the IT sector in Islamabad. […]
As per the news reports, China has provided $2 billion in loans to Pakistan. However, China has agreed to extend the term of the $2 billion loan in line with current domestic conditions. According to the unofficial indication from China, the loan repayment schedule will be extended. Moreover, the loan will now be delayed pending […]
Hundreds of buyers gather overnight for the chance to buy a luxury waterfront home in one of the world’s most lucrative property markets. Government-backed Nakheel PJSC has sold all available homes in the first two phases of its Bay Villas development in just a few hours. The project on Dubai Island includes approximately 500 homes, […]
Industry experts say Ras Al Khaimah’s economic upward trend is attracting the attention of real estate investors seeking noteworthy returns. According to these experts interviewed by Arabian Business News, current market conditions and expected increases in real estate values make investing in the region a strategic move. The simultaneous advancement across various sectors is instrumental […]
In developed cities such as Dubai, many people are attracted by the promise of excellent financial opportunities. However, are you familiar with rental policies regarding security deposits in highly populous cities? If the answer is no, don’t worry because we have a solution to your query. In Dubai, it is legal for real estate companies […]
A significant hike of 50%, reaching up to Dh4,500 per day, has been recorded in Dubai’s short-stay rental market. Reports reveal that landlords and property investors who focused on short-term lettings saw dramatic year-on-year rate growth in December, with some seeing an increase as impressive as 50%. Gregory Lewis conveyed that the unprecedented surge was primarily […]
