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Israeli Real Estate Firm’s Genocidal Rhetoric Lands Them in Trade Fair

The confab put on by real estate site Yad2, a subsidiary of publishing giant Axel Springer, includes numerous companies doing business in the West Bank.

The post Israeli Real Estate Firm Used Genocidal Rhetoric — Then Politico’s Parent Company Put Them in a Trade Fair appeared first on The Intercept.

Real Estate Fund Plans to Construct 100+ Housing Units in Riyadh

RIYADH: In a bid to contribute to the housing supply and boost the real estate development efforts in Saudi Arabia, Arjan Architects and Bloominvest have joined forces to build more than 100 housing units in northern Riyadh.   The two parties established a joint real estate investment fund called Arjan Al-Maghamis which aims to develop a land area exceeding 30,000 sq. meters in the Kingdom’s capital, Al-Ekhbariya reported.  

Abu Dhabi Developer Teams Up with Kelly Slater Wave Company

ABU DHABI: Abu Dhabi developer Modon Properties has partnered with Kelly Slater Wave Company — world experts in wave technology — to create Surf Abu Dhabi, the most advanced facility of its kind in the world. Featuring the world’s longest ride and the biggest barrel, as well as its largest artificial wave facility, Surf Abu Dhabi is designed to cater for everyone, from beginners to elite surfers.

Saudi Property Market Performs Well in Q1 Due to Limited Supply: CBRE

RIYADH: Demand for offices remained strong in Saudi Arabia in the first quarter of 2023 as global and local businesses continued to scout for quality spaces in the key cities despite limited supply in the market, the latest report from global consultancy firm CBRE showed.   Most of the offices in Riyadh witnessed nearly 100 percent occupancy, resulting in Grade A and Grade B properties recording a year-on-year rise in average rental rates of 9.3 percent and 14 percent, respectively, in the first quarter.  

US Lawmakers Aim to Stop State Bans on Foreign Property Purchases

A raft of states are looking to restrict property purchases by citizens of U.S. adversaries like China and Iran. Democrats in Washington are pushing back.

The post U.S. Lawmakers Seek to Preempt State-Level Bans on Foreigners Buying Property appeared first on The Intercept.

IHG to Open 12 Holiday Inn Express Hotels in Saudi Arabia

RIYADH: Saudi Arabia’s hospitality and tourism sector will witness a new wave of growth and investments with IHG Hotels & Resorts and Tashyid for Hotel Operations signing an agreement to build 12 new hotels for SR1.3 billion ($346.6 million).  The deal will involve the construction of Holiday Inn Express hotels with 2,500 rooms across the Kingdom, with the first set to open in Jeddah by June 2025.

Renters in High Demand as Shortage of Properties Creates Frenzy, Surveyors Report

Agents say high numbers of tenants chasing a shortage of properties will continue to push up rents.

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