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We’re again with our monthly news section to offer you key insights into the UAE real estate sector. It came as a shock to no-one that October 2022 was abuzz with exciting project launches and developments. We’ve obtained them for you proper here in MyBayut’s complete roundup of the UAE real estate news from October 2022. US home sales have slowed as houses have gotten much less inexpensive, thanks to rising prices which have been driven larger by an inventory scarcity and excessive mortgage rates. The common 30-year fastened mortgage price hit a 23-year high of 7.31%, in accordance with the newest Freddie Mac knowledge.

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The provide ratio has increased 15.6% from 0.225 APZ securities per EGH share to 0.26 APZ securities. The latest month’s sales look to be the underside before inevitably turning greater within the new year, in accordance with NAR Chief Economist Lawrence Yun. If you are a member of the media and would like to receive NAR news releases, please e-mail Spencer High at

• Given the environmentally-friendly structure, the project is anticipated to avoid wasting up to 50% on water and electricity payments for residents.
• The sale shows that even prime coastal properties are not immune to the weakness in hit the broader residential market as borrowing costs have soared.
• Official figures report a noteworthy FDI amounting to 1.4 billion USD during this period, marking a considerable contribution to the Turkish financial system.
• Another non-public agency Samana Developers has launched numerous projects and has a goal to launch 12 projects by the top of 2023.
• However, it has made a reasonably fast recovery in comparability to different real estate markets on the planet, with demand gaining momentum.

The improvement will comprise 394 flats (studio to 2-bedroom units) and 18 villas facing the Arabian Gulf. The Masa Residences project is expected to be completed by the fourth quarter of 2026. Durar Group, a extensively known Dubai-based developer, rolled out the AED 700 million luxurious branded 12-storey condo tower on Al Marjan Island in Ras Al Khaimah. The first section of Haven has 462 freehold residential items, together with three and 4-bedroom townhouses and 6-bedroom premium villas. The building is scheduled to begin out in Q2 2024, with handovers expected in Q3 2027.

Canada will reduce the number of international pupil permits by 35 per cent next 12 months as a half of a temporary two-year cap on international enrolment, Immigration Minister Marc Miller announced Monday morning. The federal Liberals have introduced a national summit on auto theft aimed at getting provinces and industry officials collectively to handle the growing concern of vehicles being stolen and shipped abroad. The Archdiocese of Port-au-Prince pleaded for the release of six nuns kidnapped last week and demanded that Haiti’s government crack down on gang violence, in a strongly worded letter launched Monday. A man shot and killed eight people at three areas in the Chicago suburbs and remains free, authorities said Monday, whereas neighbours have been left on edge because the hunt for the suspect continued. The Liberal authorities is dusting off a measure it promised years ago and pulling in different parties’ proposals for cheaper groceries and extra properties because it struggles to deal with affordability concerns that are top-of-mind for lots of Canadians.