Real estate in development phase
LAHORE: Pakistan’s real-estate sector is equipped enough to drive the country’s economy forward as it has the highest per capita demand for housing in the world. On the demand side, the real-estate sector is the preferred investment avenue for most Pakistanis and is currently worth over $3 trillion. Additionally, according to a World Bank report, an increase in foreign investments and remittances directly correlates with the worth of the real-estate in a country. Furthermore, the real-estate sector drives growth in several industries in Pakistan such as cement, timber, sanitary fittings, glass manufacturing, steel, furniture and electronics. The end ...
Dubai Fitness Challenge To Take Place In November – Dubai Blog
The organising committee of the Dubai Fitness Challenge (DFC) has announced that its ninth edition will take place from 1st to 30th November, coinciding with the “Year of the Community”. The committee also unveiled a bold, refreshed brand identity, which celebrates its transformative impact on the city’s health and wellbeing. The announcement was made at a special gathering held to thank the government entities, schools, corporate entities, partners, fitness establishments and local communities that have helped make the annual event a resounding success. Khalfan Belhoul, Vice Chairman of the Dubai Sports Council and CEO of the Dubai Future Foundation, began ...
Unutilised property bars real estate sector from progress
LAHORE: The Hold on for Dear Life (HODL) mindset in the real-estate sector means that retail and institutional investors own more than one unutilised residential property. On purpose, they delay the sale of the property in order to benefit from the prospect of a higher sale price in the future. In Pakistan, laws are in place that allow the elite to hoard various asset classes and finished goods in order to boost their value through appreciation. We have seen this time and again with various commodities, even in the case of rising land prices. “The housing finance market ...
Nissan Advances Its Phygital Retail Transformation Across The Middle East – Dubai Blog
Nissan is redefining the automotive journey in the Middle East by continuing to invest in an integrated phygital experience, seamlessly connecting physical touchpoints with digital innovation. As part of this transformation, more than 80% of Nissan sales facilities across the region are now upgraded under the global Nissan Retail Concept (NRC), reflecting the brands commitment to delivering a premium and consistent customer experience across every interaction. Making significant regional milestone, this development builds on Nissan’s multi-year journey to reshape traditional automotive retail. Through NRC, customers experience a seamless blend of contemporary showroom design, optimized service processes, and cutting-edge ...
Dubai Chamber Of Digital Economy Highlights The Advantages Of Dubai’s Digital Business Ecosystem To 56 European Companies And Welcomes Around 600 Visitors During GITEX Europe – Dubai Blog
Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, successfully concluded its participation as the official Digital Ecosystem Partner at GITEX Europe recently, which took place recently in Berlin. As part of its efforts to showcase the extensive growth opportunities across advanced technology sectors in Dubai, the chamber held meetings with 56 European companies during the exhibition. These included three unicorn companies and 21 digital firms each generating annual revenues of over US$100 million. Discussions focused on the unique advantages of Dubai’s digital business ecosystem, with participants representing a wide ...
Govt introduces new REIT regulations
KARACHI: Pakistan has advanced its journey towards transforming the multibillion rupees’ real-estate sector into a formal sector of the domestic economy, as the government has introduced new Real Estate Investment Trust (REIT) regulations and allowed the establishment of new REIT companies. The apex regulator, Securities and Exchange Commission of Pakistan (SECP) has allowed REIT companies to raise financing for agriculture projects, mobile tower projects and renewable energy (solar and wind power) projects by introducing REIT Regulations 2022, two weeks ago. Earlier, the scope of REIT projects was limited to the development (construction) sector and rental real-estate projects. The ...
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