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The real estate market in Dubai is set to flourish this year
10 January 08:07 PM Ten reasons for confidence in Dubai’s real estate sector
By: Muhammad Abdul-Wakeel UAE – Mubasher: The real estate market in Dubai is set to flourish this year, backed by a series of positive indicators that are promising great outlook for the sector. Chairman of W Capital Real Estate Brokerage Company …
Off-plan properties remained the top preference for investors
7 January 05:03 PM Dubai records highest property sales in 11 years
By: Muhammad Abdul-Wakeel UAE – Mubasher: A total of 41,988 real estate transactions were registered in the UAE’s Emirate of Dubai in 2019, up 20% from the year before, according to data released by Data Finder, a platform affiliate to Property …
50% of AMAN REIF will be offered in a private offer
31 December 2019 03:48 PM Oman's AMAN REIF to launch IPO on Thursday
Mubasher: Omani fund under formation AMAN REIF has announced that its initial public offering (IPO) is set to be launched on Thursday, 2 January 2020 and last for 15 days until 16 January. The announcement took place during a press conference held …
Mo’asher will receive data from DLD on a monthly basis
29 December 2019 01:25 PM DLD, Property Finder together launch official Dubai House Price Index
UAE – Mubasher: Dubai Land Department (DLD) announced the launch of Dubai’s official Sales Price Index, Mo’asher, in collaboration with Property Finder, MENA and Turkey’s leading property portal, to provide consumers with updated property sales …
Ras Al Khaimah Economic Zone (RAKEZ)
25 December 2019 01:27 PM RAKEZ leads eco-friendly projects in Ras Al Khaimah
UAE - Mubasher: Ras Al Khaimah Economic Zone (RAKEZ) has become the first institution to promote Ras Al Khaimah’s Energy Efficiency and Renewables Strategy 2040. Through its upcoming projects, the economic zone was dedicated to conforming …
The new section features various buildings
24 December 2019 04:16 PM Bayut offers new guides for popular towers across the UAE
UAE - Mubasher: Dubai-based property website Bayut has launched a new section for Building Guides including full details about the property types, amenities available, service charges, and the average cost for renting and buying in popular towers …
The projects will meet the needs of various regions across the UAE
24 December 2019 00:18 PM Dubai ministry plans AED 10bn projects from 2017 to 2021
Dubai – Mubasher: The Emirati Ministry of Infrastructure Development aims to execute 36 projects as part of its plan for 2017 to 2021, within the scope of its investment programme, the UAE infrastructure development minister, Abdullah bin Mohammed …
The IPO will be announced soon
21 December 2019 08:05 PM MAG Development considers IPO on DFM
UAE – Mubasher: MAG Holding Group’s real estate unit, MAG Development, is planning to launch an initial public offering (IPO) on the Dubai Financial Market (DFM), the group’s CEO Sar Haffar said, according to Khaleej Times. The IPO will be …
GFH Financial Group
21 December 2019 05:43 PM GFH Properties names new CEO
Dubai – Mubasher: GFH Properties, the real estate arm of GFH Financial Group, has announced the appointment of Shaikh Hamad bin Mohammed Al Khalifa as new CEO. Shaikh Hamad has assumed managerial positions in real estate and urban planning. It is …
Main works are set to begin in Q1-20
21 December 2019 04:56 PM Reportage Properties launches Rukan Lofts’ primary works
UAE – Mubasher: Reportage Properties has started the primary construction works of the first phase of Rukan Lofts developed in Dubai Land in partnership with Continental Investments. Main works are set to begin in the first quarter of the fiscal …
City Edge Developments is 60% owned by the New Urban Communities Authority
19 December 2019 05:07 PM City Edge Developments inks MoUs on services in New Alamein City
Cairo – Mubasher: City Edge Developments signed three memorandums of understanding (MoU) with Contrack Watts, a subsidiary of Orascom Construction; French multinational electric utility company ENGIE; Majid Al Futtaim; and The Village Beirut. The …
Al Ramz Corporation owns a 24.4% stake in Gulfa Mineral Water
16 December 2019 09:43 AM Al Ramz Corporation buys 7.33m shares in Gulfa Mineral Water
Dubai – Mubasher: Al Ramz Corporation Investment and Development has purchased 7.33 million shares of Gulfa Mineral Water and Processing Industries Company for the benefits of one of its clients as the ultimate beneficial owner. The transaction is …
The new expansion area will increase leasable area by 22,000 sqm
15 December 2019 02:59 PM Al Futtaim to invest EGP 2bn in Egypt’s CFC Mall
By: Abdullah Bedeir Cairo – Mubasher: Al Futtaim Group aims to inject an additional amount of EGP 2 billion to finance the expansion of Cairo Festival City Mall, the mall’s general manager Haitham Haggar said. The new expansion area, called …
Khouri will become a board member
15 December 2019 11:38 AM Union Properties’ board names new CEO
Dubai – Mubasher: The board of Union Properties approved to appoint Khalifa Hasan Ali Saleh Al Hammadi as the company’s new CEO, following Ahmed Yousef Abdullah Hussien Khouri who was the managing director. Khouri will keep his position as a board …
The project is slated for completion by Q3-2020
14 December 2019 06:54 PM UAE’s ICT, Musanada complete 60% of Umm Lafina project
UAE – Mubasher: The Integrated Transport Centre (ICT) and Abu Dhabi General Services Company (Musanada) have announced that work is progressing according to the agreed construction plan in the AED 1.131 billion Sheikh Zayed bin Sultan Road …
Part of the groundbreaking ceremony
14 December 2019 05:14 PM MAG Development launches AED 2bn Mag City in Dubai
UAE – Mubasher: MAG Holding Group’s real estate unit, MAG Development, has broken ground on its AED 2 billion mixed-use project ‘Mag City’, according to a company statement released on Saturday. Located at Mohammed Bin Rashid City’s Meydan …
Sawiris set the mastering plan for Andermatt
11 December 2019 11:08 AM Except for El Gouna, all projects came by coincidence – Samih Sawiris in RiseUp
By: Ingy ElSafy Cairo -Mubasher: On the final day of the RiseUp Summit 2019, the Egyptian tycoon Samih Sawiris was hosted to talk to the attendees about different topics and events, whether by speaking out on personal or business matters. The …
The project is expected be handed over during Q3-20
9 December 2019 11:35 AM UAE’s Musanada develops infrastructure in Al Dhafra
Abu Dhabi​ – Mubasher: Abu Dhabi General Services Company (Musanada) is following the infrastructure rehabilitation project in Zayed City's old residential units in Al Dhafra, in collaboration with Al Dhafra Region Municipality. A number of 100 …
CSCEC is building 20 towers in the new capital
9 December 2019 11:19 AM DP World Sokhna inks deal to be Egypt’s hub for Chinese construction materials
Dubai – Mubasher: DP World Sokhna signed a trilateral partnership agreement with China State Construction Engineering Corporation (CSCEC) and China Ocean Shipping Company Limited (COSCO). Under the deal, DP World Sokhna aims to be a hub for all …
More details are expected to be announced in due course
9 December 2019 09:44 AM Al Ramz Corporation to acquire non-banking firm
Dubai – Mubasher: The board of Al Ramz Corporation Investment and Development has approved acquiring a non-banking financial firm. The company will provide any further developments in due course, according to a bourse statement on Monday. In …
Sales grew to KWD 825m in Q3
7 December 2019 07:13 PM Commercial sector drags down property sales in Kuwait – NBK
By: Muhammad Abdul-Wakeel Mubasher: Property sales in Kuwait declined by 31% month-on-month, 26% year-on-year, in October, recording KWD 211 million, on the back of the commercial sector. During the third quarter of 2019, sales grew 2.8% …
City Centre Almaza has created about 40,000 direct and indirect jobs
5 December 2019 04:14 PM Sahar Nasr inaugurates City Centre Almaza with $580m investments
By: Abdullah Bedeir Cairo – Mubasher: The Egyptian minister of investment and international cooperation Sahar Nasr and the UAE’s minister of climate change and environment Thani Al Zeyoudi on Thursday inaugurated City Centre Almaza with …
Majid Al Futtaim created about 7,500 direct jobs in Egypt
5 December 2019 03:38 PM Majid Al Futtaim eyes raising investments in Egypt to EGP 44bn
By: Abdullah Bedeir Cairo – Mubasher: Majid Al Futtaim aims to increase its investments in Egypt to EGP 44 billion, the company’s CEO Alain G. Bejjani said. Egypt has received EGP 26 billion in investments from the UAE-based leading integrated …
UAE real estate companies will partake in Luxury Property Show 2019
5 December 2019 11:57 AM UAE high-profile developers join China’s property expo 2019
UAE – Mubasher: UAE real estate companies will partake in Luxury Property Show (LPS) Shanghai 2019, the leading luxury real estate expo which will kick off on 6 December until the 8th of the month in China. Among those developers are Manazel and …
The handover of Afnan District began in early November
4 December 2019 09:31 AM Deyaar Development, DIB to offer attractive home financing solutions
Dubai – Mubasher: Deyaar Development has collaborated with Dubai Islamic Bank (DIB) to benefit from the bank’s unique and customised home financing solutions to contribute to homeownership in Deyaar’s Midtown development. Future Midtown …