AGP Executive Report
Last update: 9 hours agoGulf Property: Abu Dhabi recorded Dh171.26 billion ($46 billion) in real estate transactions in the first nine months of 2026, up 76.1% year on year. Emaar also reported an 18% rise in nine-month profit before tax and a Dh158.8 billion revenue backlog. Overseas Assets: Tanzania is urging ministries to turn government-owned land and buildings abroad into commercial investments. A 22-storey embassy-owned building under construction in Kenya is one example. Construction Outlook: Qatar’s construction sector is forecast to grow 2.4% in 2027. Property sentiment has improved, though analysts caution that a higher average sale price may reflect buyers choosing pricier homes—not broad market appreciation. PropTech: AI valuation tools are drawing attention for their ability to forecast property changes, while questions about data ownership and accuracy remain. US Housing: San Diego’s City Council is weighing the $4.2 billion Midway Rising project, putting a major housing proposal before local leaders.
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