The federal government has recently proposed a 5 percent federal excise duty (FED) on new plots and residential and commercial properties. This announcement was made by Finance Minister Muhammad Aurangzeb during his budget speech on Wednesday. The proposal aims to curb speculation and bring stability to the real estate market. Why the 5% FED? The…
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The government is expected to implement significant tax hikes on the buying and selling of immovable properties in the upcoming budget for 2023-24. This move aims to regulate the trading of plot files in private housing societies and ensure proper tax documentation. New Tax Measures for Non-Filers Sources have revealed that non-filers will face increased…
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In the fiscal year 2021-22 (FY22), Pakistan’s real estate sector witnessed a decline in Foreign Direct Investment (FDI). According to a document from the State Bank of Pakistan (SBP), net FDI in the sector fell by $6 million during this period. The outflows amounted to $9.3 million, while the inflows were only $3.3 million. Construction…
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Investors have been increasingly intrigued by the concept of cryptocurrency, with Bitcoin leading the charge as an alternative investment over the past decade. However, the recent slump in Bitcoin’s value has caused many to reconsider their stance. Unlike the volatile world of Bitcoin, real estate remains a steadfast and viable investment option. Here’s why real…
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Saudi Arabia’s NEOM project is set to revolutionize the landscape of the Arabian Peninsula and beyond. This $500 billion mega-city, spanning 100 miles, aims to be a marvel of human ingenuity and technological innovation. Named from the Greek prefix “Neo” meaning “new” and the Arabic word “Mustaqbal” meaning “future,” NEOM represents a bold vision for…
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Pakistan’s real estate sector is set to experience a transformative shift with the introduction of the country’s first Bachelor of Science (BS) in Real Estate Management course. This pioneering program, launched by Graana.com in collaboration with the University of Central Punjab (UCP), aims to redefine real estate academia and elevate the industry standards through specialized…
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Are you looking to build a rewarding career in real estate with a pioneering company in Abu Dhabi? Aldar Properties invites you to explore exciting job opportunities that promise not only competitive salaries but also a dynamic work environment dedicated to innovation and excellence. About Aldar Properties Aldar Properties stands as a cornerstone of real…
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The Pakistani real estate market is witnessing a groundbreaking shift with the introduction of Zameen Five REIT by Zameen.com, the country’s largest real estate enterprise. This innovative venture marks Punjab’s inaugural Real Estate Investment Trust (REIT), aimed at financing five prestigious real estate projects in Lahore. Here’s why investing in Zameen Five REIT could be…
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Dubai’s real estate market has reached a major milestone with a massive land sale deal exceeding Dh300 million. This landmark transaction took place in the prestigious Jumeirah Golf Estates and was facilitated by UAE-based firms AveNew by RH, Pride and Property, and Landsmith Real Estate. Growing Demand for Golf Course Communities This substantial deal highlights…
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Al Noor Town, the fastest growing housing society in Sialkot, is setting new milestones in the real estate industry. Known for its innovative approach and commitment to quality, Al Noor Town is now ready to unveil Pakistan’s first 8D dancing water fountain. A Legacy of Trust and Innovation Al Noor Town has earned the trust…
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