CEO of the Maraey tourist and residential complex, Emilio Izquierdo, is traveling to the UAE and Saudi Arabia to join real estate and tourism discussions and showcase the Maricá development to investors.
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Real estate purchases and sales recorded USD 7.35 billion in the emirate during the first half of the year, with investments coming from 109 nationalities.
The real estate sector recorded sales equivalent to USD 10.8 billion last year, a 48% increase compared to 2023.
House price increases in the fourth quarter of 2024 was 3.1%. Overall, the expansion was 3.6%. In capital Riyadh the average price rose by 10.2%.
The real estate market in the emirate saw 180,900 transactions in 2024, a historic number that generated USD 142.1 billion. The luxury market and strong demand for rentals are highlights.
Real estate sales in June amounted to USD 298 million, with 285 transactions, and Al Dhaayen, Al Rayyan and Doha municipalities topping the most active transactions.
At an event this Monday (10) morning in the capital of São Paulo, representatives of real estate agents talked about profitability and tax exemption in the emirate, among other incentives. Other workshops will take place in the Brazilian states of Minas Gerais and Santa Catarina this week, and registration is open.
Dubai-based management company Provident Real Estate CEO will be in Brazil in April and will have appointments with investors interested in purchasing properties in the emirate.
Real estate transactions reached USD 5.2 billion in Q1 in the emirate, up 22%. Government launched package that waives fees.
