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00:00 The growth of the real estate market in the UAE during the past period is supported by the economic climate and the high demand for new investors and companies that are expanding their business recently.
00:14 This prompted a number of real estate development companies to launch more projects in the market.
00:20 During the last quarter of the last year, specifically in the UAE, the average rent sales of the housing units rose by 5% while the rents rose by 2%.
00:32 In Dubai, specifically in November, the average rent sales of the housing units rose by more than 19%.
00:42 In relation to the values of transactions during the first month of the last year, it rose by 52% in Dubai and 102% in the UAE, Abu Dhabi.
00:54 But what about the Kingdom of Saudi Arabia with its partner, the Shammari Real Estate?
00:59 Thank you Nada. Welcome.
01:02 The rents in Saudi Arabia rose as in many countries in the past period, due to the high demand for residential apartments, where the rents rose by 9% in December.
01:16 The beneficiary of these increases was the tenants of the buildings, apartments and residential units that bought their units more than 5 or 6 years ago, when those real estate was at a lower price than it is now.
01:34 What about Lebanon with its partner, Helena?
01:39 In Lebanon, there is a sharp difference between the owners and the old tenants, especially on the commercial rents that their owners benefit from a high rent while their profits are in line with the new economic crisis.
01:54 With the absence of solutions and the suspension of the rents and the seizure of the tenants' money, the Lebanese citizen lost hope of buying a house, and this was evident with the increase in the demand for real estate, especially in 2022 and 2023,
02:13 where the rents doubled and in some areas quadrupled from what it was in the past.
02:20 Today, we see an increase in demand due to the crisis of migration from the southern regions, where about 80,000 people have registered, according to the International Migration Organization.
02:32 What about Cairo with its partner, Yassine Al-Jouhari?
02:36 Thank you, Helena. In Egypt, the prices of residential units have jumped significantly in recent months, due to the decrease in the exchange rate of pounds for dollars,
02:46 in addition to the increase in demand for the rent of residential units from the residents of Egypt.
02:52 The owners of these units benefit from the increase in the rent value, partly due to the increase in inflation, which is the cause of everything,
03:00 while this increase remains a heavy burden on the tenants in Egypt.
03:06 This is the situation in Cairo, how is it in London?
03:09 With Riyad Al-Saadi
03:11 Thank you, Yassine, in Cairo.
03:13 The balance between supply and demand and the increase in the rent costs are factors that led to the crisis in the British real estate sector,
03:21 specifically in the rental sector, which rose by 29% in January on an annual basis, which is a 16% increase in the past few years.
03:30 The owners of the units are paying more rentals than the tenants, according to the National Revenue Office, creating financial problems for the tenants five times more than the owners of the units.