For brokers selling Dubai real estate, the challenge is rarely a lack of interest. It is keeping up with it: answering questions on pricing, payment plans, availability and project details, accurately and quickly, across a growing number of developments. Rechitta was built to take that weight off the brokers. The AI-native platform, powered by verified developer data, gives brokers instant, accurate project information without waiting on a callback or searching through brochures. Rechitta’s core idea has been simple from the start: instead of reading about a project, users can talk to Rechitta. Rechitta presents a development the way a well-briefed sales consultant would; with all the information directly from the developer, with data in real time. That model has now passed 100,000…

Sugee Group, a trusted international real estate developer with nearly four decades of experience, and Wyndham Hotels & Resorts, one the world’s largest hotel franchising companies, have announced a strategic partnership to develop the world’s first Vienna House Residences by Wyndham, bringing its global debut to the Middle East on Al Marjan Island, Ras Al Khaimah. This collaboration is not only a global expansion of the Vienna House brand into the Middle East for the first time; it also marks its new global chapter of residential hospitality. The agreement for the Vienna House Residences Al Marjan Island was formally signed at a ceremony held in Dubai, with the senior leadership from both organisations. Representing Wyndham Hotels & Resorts was Govind Mundra, Head of…

London Square, a subsidiary of Aldar Properties, plans to deliver about 9,000 housing units in London over the next five years, as part of projects with a total development value of about $6.6 billion (£5 billion), according to the National newspaper The National, citing company officials.The units are distributed over about 30 locations, and include more than 3600 units dedicated to sale, 1538 units within the construction projects for the purpose of leasing, and 3575 units in the category of affordable housing, which benefits from government grants that allow the rental of units at affordable prices.Adam Lawrence, the company’s chief executive, said that London Square plans to start business in 12 locations in 2026, pointing to the continued demand for affordable housing, as…

Economic data showed an unexpected decline in the number of new housing projects that began operating last month in the United States.According to the U.S. Department of Commerce, the number of projects that began operating last month fell by 5.2% to 1.221 million units annually, after falling by 5.9% to 1.288 million units annually in August, according to the revised data.The decline came as a surprise to analysts who expected the number to rise by 2.4 percent to the equivalent of 1.305 million units per year, compared to 1.272 million units per year during the previous month, according to preliminary data.

A report by the National Federation of Household Builders in the United States on Monday showed a larger-than-expected decline in confidence in construction companies this month.The National Union of Housing/Wells Fargo Housing Builders Index for Construction Confidence fell in October by 3 points to 29 points, up from 32 points last month, while analysts had expected the index to fall to 31 points.With the larger-than-expected decline, the index fell to its lowest level since June 2012, according to the German news agency DPA. Robert Dayts, the EU’s chief economic analyst, said: “The housing market is still shrinking due to supply-side constraints and the challenges of affordability. Demand continues, but higher mortgage interest rates, higher construction expenses, and weak…

Japan this year recorded a record number of foreigners residing on its territory despite growing anti-immigration sentiment, as authorities seek to address the challenges of an ageing population and its declining population.Data showed 4.28 million foreign residents in Japan as of the end of June, and this figure does not include short-term visitors, according to the Immigration Agency.Al-Jadaan warns: Debt risks threaten the global economy .. Saudi investment eased energy shockThis represents an increase of 156,000 people compared to the end of last year, and constitutes about 3.5 percent of Japan’s total population, according to calculations based on government estimates.

A new analysis shows that homes worth more than £2.66 million are now half as likely to sell homes less than the lowest priced properties, due to the British government’s recent fallout from a “deficiency tax” on this category of homes.The tax, announced by former finance minister Rachel Reeves in last year’s budget, is due to come into effect in April 2028 and will apply to properties worth £2 million or more.Russian diesel to America. Who benefits the biggest deal?Property data company TwintyCi notes that this policy has already begun to negatively affect the luxury real estate sector, according to a report published by the London-based Evening Standard and seen by Business.Read alsoFreezing the minimum wage. Proposal to create 100 thousand new jobs…

The founder of London taxi company Addison Lee has sold a luxury home overlooking London’s Regent Park with a sharp discount of 44 percent compared to more than a decade ago, the latest sign of the pressures facing the luxury real estate market in the British capital.Addison Lee founder John Griffin, who exited his company for the Carlyle Group for about 300 million pounds ($464 million) in 2013, sold the property on the western side of Regent Park for £11.5 million in early October, Bloomberg reported, citing sources familiar with the deal.Records showed Griffin bought the same property in 2013 for £20.7 million, weeks before he lost a years-long tax dispute with British authorities last month. The house has 6 bedrooms and is located in a row of historic buildings…

 Britain's commercial property market is returning to life after its post-pandemic freeze, albeit largely at much lower prices. Some big-ticket office properties now on sale will show just where the market is likely to bottom out and how briskly UK deal volumes will recover - especially in the hard-hit office market. How that plays out could in turn signal what awaits other countries still gripped by a deeper downturn. Real estate investor Nuveen has put a 21-storey City of London tower it completed in 2019, informally known as the "Can of Ham" due to its rounded shape, up for sale for 322 million pounds ($419 million), below about 400 million pounds it had sought in 2022, a person familiar with the matter said. Canada's Brookfield is seeking around 500 million pounds for its…

The Southern Suburb of Claremont continues to enjoy low vacancy rates as one of the top performing office and retail markets in Cape Town.Rodes Report Q4:23 emulated this, highlighting Claremont as one of the top three performers in Cape Town among the likes of the V&A Waterfront which reported a low 7% vacancy rate. In addition, the State of Claremont report cited a quick recovery in demand for both office and retail in recent years with Cavendish Square back to pre-pandemic levels. “Claremont has enjoyed a sharp uptick in demand since the Covid-19 pandemic, with the growth of nominal rentals sitting at around 10% over that period (9.8% according to the State of Claremont report),” comments Wes Cowan, managing director for Galetti Cape Town…

Barratt London has unveiled a new two-bedroom show apartment at Bermondsey Heights, offering buyers from around the world – including the Gulf – a taste of what life will be like in one of its contemporary homes. Ideally situated in Zone 2, the 26-storey development takes inspiration from southeast London’s vibrancy, creativity and thriving business ecosystem. Designed by BLOCC Interiors, one of the UK's leading interior design companies, the show apartment celebrates Bermondsey's eclectic charm by displaying a diverse mix of local brands, from up-and-coming boutiques to well-established retailers. Attractive investment proposition The Bermondsey Heights apartments look set to generate significant interest among buyers from the Middle East, many of whom view…

LONDON - British house prices unexpectedly fell in August for their first monthly drop since April but the outlook for the property market is likely to strengthen, Nationwide Building Society, a major mortgage lender, said on Friday.   House prices slipped by 0.2% on the month, Nationwide said. Economists polled by Reuters had forecast prices would rise by 0.2% from July. In annual terms, prices were 2.4% higher than in August last year, the fastest increase since December 2022 - shortly after the "mini-budget" crisis that pushed up borrowing costs - but a smaller gain than the median forecast of 2.9% in the poll. Robert Gardner, Nationwide's chief economist, said the housing market remained subdued but was coping with the increase in interest rates. "Providing the economy…