Latest news with #realestatedevelopers
Zawya
2 days ago
- Business
- Zawya
Egypt's FRA issues first-ever rules for digital platforms investing in real estate investment fund certificates
Egypt - The Board of Directors of the Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has issued Decision No. 125 of 2025, introducing—for the first time—comprehensive rules for establishing digital platforms dedicated to investing in real estate investment fund (REIF) certificates. The regulation sets out a framework allowing individuals to invest in fractional ownership shares of real estate units through investment certificates issued by REIFs and offered via licensed digital platforms authorised for promotion, underwriting, and receiving subscriptions. The move aligns with the FRA's strategy to expand access to innovative, low-cost investment products that cater to diverse market participants, thereby advancing financial, investment, and insurance inclusion. In a statement on Wednesday, the FRA said the decision aims to establish a unified legal framework to govern all digital platforms offering REIF certificates, ensuring a secure, transparent, and efficient investment environment. It also facilitates the regularisation of existing platforms and helps real estate developers understand the requirements for presenting their projects to investors through licensed digital platforms linked to REIFs. The decision follows extensive consultations between the FRA, leaders of the real estate development sector, and operators of electronic platforms that sell real estate shares to the public. These discussions reflect the FRA's policy of engaging stakeholders to produce regulations with tangible impact. As a result, three companies currently operating real estate investment platforms have applied to regularise their status. Under the decision, a digital platform for REIF certificates is defined as a technology-driven business model licensed by the FRA to conduct non-banking financial activities, allowing the subscription to and redemption of REIF certificates. Such platforms must display all relevant data for transactions, provide full disclosures for investor monitoring, and publish periodic pricing based on FRA-licensed valuations conducted in line with approved standards. All contracts and certificates must be stored electronically with FRA-licensed entities. Investor Registration and Safeguards Platforms may register investors only after verifying they meet the criteria—most notably, passing a knowledge test prepared by the platform and approved by the FRA after reviewing educational materials on the investment instrument and associated risks. Platforms must use FRA-approved secure payment channels, open the necessary accounts under Central Depository and Registry Company procedures, and list licensed REIFs only after obtaining FRA approval. Subscriptions and redemptions must follow the FRA-approved summary prospectus, which must be published on the platform and include the minimum subscription level for a successful issue and a summary feasibility study. Communication, Transparency, and Compliance To maintain investor trust, platforms must establish direct communication channels between the REIF and investors, promptly answer queries, log complaints with outcomes, and submit quarterly complaint reports to the FRA. All software, IT infrastructure, and databases must be FRA-approved. Before registration and investment, platforms must disclose conditions for registration, the platform manager's details, complaint and dispute resolution procedures, operational risks, and refund processes if an issue is cancelled or under-subscribed. Investors must have access to full disclosures for each issue, including the approved summary prospectus, audited financial statements, payment schedules, minutes of certificate holders' meetings, capital increase details, current issue size, outstanding certificates, default execution terms, and semi-annual net asset value reports. Additional mandatory disclosures include the feasibility study for each project, asset fair value (as assessed by an FRA-registered valuer), purchase prices and justifications, details of asset sales compared with market values, dividend distribution dates and values, property insurance documents, and any legal rulings or measures affecting property status or investor decisions. Any unresolved breach of the investment policy must be disclosed within a week and updated weekly thereafter. Material Events and Subscription Procedures Platforms must promptly disclose all material events affecting fund investments, including new obligations, borrowing by the fund, and significant property-related information. The subscription process must include a digital form with an explicit investor acknowledgment of associated risks, a dedicated bank account for each issue, and electronic confirmation of payment. Funds must be returned immediately if an investor withdraws within the permitted period or if the minimum subscription level is not reached. Platforms must provide a real-time coverage indicator and notify investors upon successful subscription, while also informing the Central Depository and Registry Company to register ownership and issue digital investment certificates. Redemption Rules Redemptions must follow the approved prospectus and may be funded from available liquidity, new subscriptions, or loans. Redemption requests can only be met up to the legal limit of 20% of total issued certificates. Any certificates reacquired through redemption must be sold within a year or cancelled to reduce fund size, and such certificates carry no voting or dividend rights. Platforms must use FRA-approved digital redemption forms detailing the certificate holder's information, quantity of certificates, payment schedules, and latest net asset value as calculated by the administration services company. Accountability and Liability All parties involved—the platform manager, REIF, investment manager, administration company, subscriber, redemption applicant, and the Central Depository and Registry Company—are prohibited from issuing false or misleading information and are liable for compensating affected parties for inaccurate disclosures. © 2025 Daily News Egypt. 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Argaam
28-07-2025
- Business
- Argaam
Riyadh Municipality adopts new regulations for urban planning
Riyadh municipality, in cooperation with the Ministry of Municipal and Rural Affairs and Housing, approved new regulations for the approval of urban plan development in Riyadh. The regulations require real estate developers to complete all infrastructure and public space elements before starting construction, the ministry stated on X platform. The regulations include paving works, electricity, water, sewage, storm drainage, park establishment, lighting, internet, landscaping, public spaces, street planning, street furniture, sidewalks and pathways for pedestrians and cyclists, and street and road name signage. The municipality indicated that the regulations aim to develop all infrastructure elements to enhance the quality of services provided, ensure service delivery before construction begins to reduce repeated excavation works, humanize residential neighborhoods, and provide public space areas. The targeted groups are engineering offices and real estate development entities, the ministry added.
Economy ME
22-07-2025
- Business
- Economy ME
Binghatti Holding sees record AED 1.82 billion profit in first half of 2025
Binghatti Holding, one of the UAE's leading luxury real estate developers, has reported record-breaking financial results for the first half of 2025, with net profit and revenue nearly tripling year-on-year. The performance was fueled by sustained demand for Binghatti's high-end developments, specifically its branded residences in partnership with global luxury icons. The company's net profit surged 172 percent to AED 1.82 billion, up from AED 668 million in H1 2024. Revenue rose nearly threefold to AED 6.3 billion, while total sales climbed 60 percent year-on-year to AED 8.8 billion, solidifying Binghatti's position as one of the fastest-growing players in Dubai's dynamic real estate market. Binghatti's development pipeline also expanded significantly, with the revenue backlog reaching AED 12.5 billion as of June 30, 2025 — nearly doubling from AED 6.6 billion a year earlier. The jump was attributed to the launch of seven new projects, while five were delivered in the first half of the year, adding 1,441 units to the market. Binghatti's total sales increased 60 percent YoY to AED 8.8 billion Read: Binghatti launches first International Sales Boutique in the U.K. to attract global investors Chairman Muhammad Binghatti says: 'The first half of 2025 has been a period of exceptional growth for Binghatti Holding and the extraordinary year-on-year growth of our net profit and revenue is a reflection of the market's confidence in our differentiated model, one that is built around architectural excellence, speed of execution, and integrated value creation across the entire real estate ecosystem. As Dubai continues to attract global capital and high-net-worth individuals, our developments have become increasingly relevant to an international audience. The rising share of non-resident buyers speaks volumes about both our reach and Dubai's position as a safe, fast-growing investment destination.' Chairman Muhammad Binghatti CEO Katralnada Binghatti added: 'Our H1 2025 results and operational achievements underscore the discipline, agility, and long-term thinking that drive every aspect of our business. Launching seven projects and handing over four in just six months demonstrates our operational leadership in the market and our deep commitment to on time delivery. Our growing backlog, diversified landbank, and expanding portfolio of unique branded residences created in partnership with global icons Bugatti, Mercedes-Benz Jacob & Co. provide the market with luxury living, investment value and architectural distinction.' CEO Katralnada Binghatti Branded residences attract global buyers Binghatti's strategic collaborations with luxury brands Bugatti, Mercedes-Benz, and Jacob & Co. continue to elevate its appeal among global investors. The company's unique blend of architectural innovation and iconic design has drawn high-profile clients such as Brazilian footballer Neymar Jr. and opera legend Andrea Bocelli. In H1 2025, 61 percent of Binghatti's sales came from non-resident buyers, up from 55 percent in H1 2024 — a clear sign of growing international demand. This was supported by the company's global outreach strategy, including the opening of a London sales office in July. Expanding access for local buyers While international demand continues to grow, Binghatti also saw strong domestic interest, supported by the UAE's rising population and government-backed housing initiatives. In May 2025, Binghatti signed an MoU with Abu Dhabi Islamic Bank (ADIB) to provide Sharia-compliant home financing for both ready and off-plan units. The structure allows eligible buyers to access financing once 35 percent of construction is completed and 50 percent of payments are made — enhancing affordability for local investors. In July, Binghatti was selected by the Dubai Land Department (DLD) and Dubai Department of Economy and Tourism (DET) as one of 13 developers for the First-Time Home Buyer (FTHB) Program. As part of the initiative, 10 percent of Binghatti's residential units priced under AED 5 million will be reserved for first-time buyers, with early access, exclusive discounts, and reduced fees — benefitting both Emiratis and expatriates. PropTech leadership and innovation Binghatti further cemented its leadership in real estate innovation by becoming a founding partner of the Dubai PropTech Hub in July. The Hub — a collaboration between the DIFC Innovation Hub and Dubai Land Department — aims to attract $300 million in venture capital by 2030 and drive adoption of AI, blockchain, and sustainable smart infrastructure. As a founding partner, Binghatti gains early access to cutting-edge startups through innovation labs and accelerator programs. Binghatti's revenue rose 189 percent YoY to AED 6.3 billion Aggressive development strategy and landmark land acquisition Binghatti currently has approximately 20,000 units under development across 30 projects in key Dubai locations, including Downtown, Business Bay, Jumeirah Village Circle, Meydan, and Dubai Science Park. During H1 2025, the developer launched seven new projects spanning 5,000 units over 3.8 million square feet, and handed over five developments totaling 1,441 units across 1 million square feet. The company also acquired a megaplot in Nad Al Sheba 1, at the heart of the Meydan district, with over 9 million square feet of gross floor area. This site will anchor Binghatti's first master-planned residential community, with a projected development value exceeding AED 25 billion. Binghatti Holding sets itself apart in the market by being active across the entire real estate ecosystem Credit ratings affirm strong financial position Binghatti's credit strength was validated in H1 2025 by global rating agencies. In March, Moody's Ratings assigned the company a Ba3 Corporate Family Rating (CFR) with a stable outlook, citing its strong market position, vertical integration, and sound financial management. Shortly after, Fitch Ratings upgraded Binghatti's Long-Term Issuer Default Rating (IDR) and senior unsecured debt to BB- from B+, also with a stable outlook. The firm's net debt-to-EBITDA ratio of 0.8x, robust liquidity, and ability to self-fund projects were among the key strengths highlighted. Both agencies noted Binghatti's improved governance and institutional credibility following its $500 million sukuk issuance, now listed on both the London Stock Exchange and Nasdaq Dubai.
Bloomberg
18-07-2025
- Business
- Bloomberg
Tokyo Ward Seeks to Curb Condo Resales Amid Soaring Prices
Soaring property prices in Tokyo have prompted a rare intervention by one of the city's central wards, as local officials seek to cool the market by reining in resales. Chiyoda City, home to Tokyo's financial district and parliament, asked real estate developers to implement restrictions that include banning the resale of condominiums for five years after purchase, according to a statement dated Friday. The municipal government also asked that buyers be prohibited from acquiring multiple units within the same property.
Zawya
16-07-2025
- Business
- Zawya
IPS 2026: The Global Platform for the future of smart real estate and advanced property projects
Dubai, United Arab Emirates: IPS show continues to strengthen the global real estate market by driving growth, investment, innovation, and sustainability, while integrating smart technologies into the sector, reflecting Dubai's vision of becoming a global hub for smart and sustainable real estate development. The 21st edition of IPS, held in April 2025, welcomed over 30,000 visitors and 300 exhibitors from 45 countries. The event featured five pillars: IPS Real Estate, IPS Future Cities, IPS Startups & PropTech, IPS Design, and IPS Services, alongside specialized conferences including the IPS Institutional Investor Conference and IPS Women's Conference. Set to take place in April 2026 at the Dubai World Trade Centre, the 22nd edition of the event aims to provide a comprehensive platform that brings together top-tier real estate developers, investors from around the world, service providers, and buyers interested in the latest projects and investment opportunities in the emirate. The exhibition also serves as a unique opportunity to showcase residential, commercial, and hospitality projects, financing solutions, diverse ownership systems, and cutting-edge technologies in property and facilities management. IPS continues to serve as a premier international platform that brings together elite real estate developers, investors, service providers, and buyers from around the world. The exhibition offers a unique opportunity to showcase the latest residential, commercial, and hospitality projects, along with innovative financing solutions, diverse ownership models, and cutting-edge technologies in construction and property management. Dawood Al Shezawi, President of IPS, stated: "IPS has firmly established itself as a leading global event on the real estate calendar, attracting top-tier investors and professionals from around the world. It is a strategic platform that responds to the aspirations of both local and international real estate markets, contributing significantly to Dubai's economic development. With the 2026 edition, we aim to expand participation from emerging markets, offer immersive experiences rooted in innovation and sustainability, and create new avenues for collaboration between global investors and developers across all sectors of real estate." The 2026 edition will feature: The latest real estate developments and investment opportunities Innovative financing solutions Advanced building and property management technologies A dedicated Real Estate Forum and PropTech Zone for startups International pavilions highlighting global real estate markets A Business Matching Zone to facilitate strategic partnerships IPS continues to embody Dubai's forward-looking approach to fostering a transparent, investor-friendly business environment grounded in innovation, sustainability, modern legislation, and a proactive vision for shaping the future of real estate globally.
