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25 October 02:03 AM

Real Estate

The bank acquired the 2,032-unit portfolio in the US in 2016
28 April 11:50 AM Al Salam Bank exits from real estate portfolio in US for $182m
Mubasher: Al Salam Bank – Bahrain, dually listed on Bahrain Bourse and the Dubai Financial Market (DFM), has sold a portfolio of seven multifamily assets in the US for $182.5 million, exceeding the original underwriting. The bank acquired …
Real estate
The Bridge offers access to major European cities, including Paris and London
16 March 10:37 AM Investcorp takes over Coca-Cola Belgium HQ for EUR 88m
Mubasher: Investcorp announced that its European real estate business has acquired The Bridge, a single let office and research and development (R&D) asset in Brussels, from a wholly-owned subsidiary of the Coca-Cola Company for EUR 88 million …
Companies Investments
GFH Capital’s partner Arbor holds a 9% stake in the portfolio
8 February 05:36 PM GFH Capital acquires $250m hospitality portfolio in US
Dubai – Mubasher: GFH Capital, a subsidiary of GFH Financial Group announced the acquisition of $250 million hospitality portfolio in the US in partnership with Arbor Lodging Partners consisting of twelve premium-branded select-service hotels …
Real estate
The deal will reflect positively over the coming years
4 February 12:54 PM Inovest suffers $4.5m loss on debt settlement
Mubasher: An associate of Inovest, Marina Durrat Bahrain Real Estate Development, signed an agreement on Monday, 3 February 2020, to fully settle its debt with a Bahrain-based local commercial bank.          The transaction has lead to …
Banking and Finance
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 …
Macroeconomics
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 …
Real estate
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 …
Companies Investments
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 …
Real estate
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 …
Real estate
Mabanee owns a 35% stake in Avenues
12 December 2019 11:06 AM Avenues signs 60-year lease contract for Bahraini land - Mabanee
Mubasher: Mabanee Co on Thursday announced that Avenues Company, a unit of Al Sorouh Management Company, inked a contract with Bahrain’s Ministry of Works, Municipalities Affairs and Urban Planning to lease and develop a land for 60 years. Under …
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 …
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% …
Real estate
Part of the signing ceremony
26 November 2019 07:00 PM Khaleeji Commercial Bank arranges $67.8m loan for Liwan project
Mubasher: Bahrain’s Lama Real Estate has signed an agreement with Khaleeji Commercial Bank to arrange a loan to finance Lama’s Liwan project. The BHD 25.5 million ($67.81 million) loan will be arranged in collaboration with Kuwait Finance House – …
Real estate
Bayut remained the most trusted real estate website in the UAE
26 November 2019 11:06 AM Bayut sees steady upward trajectory with 3m traffic in October
Dubai – Mubasher: Bayut has seen a record-breaking traffic crossing over 3 million sessions recorded in October 2019, based on data by SimilarWeb, a highly popular digital market intelligence platform. Bayut succeeded to achieve a steady upward …
Sector Reports
Software, BIM, and digitalisation are the top three industry disrupters
25 November 2019 02:15 PM GCC, Middle East top construction investments destinations
Dubai – Mubasher: Gulf Cooperation Council (GCC) member countries and the wider Middle East region are standout opportunities recognised by a recent construction industry survey. The majority of respondents, who are not already active in the …
Sector Reports
The acquired properties span 10.2m square feet
21 November 2019 02:47 PM Investcorp acquires $800m industrial properties portfolio in US
Mubasher: Leading global provider Investcorp has acquired $800 million portfolio consisting of 126 industrial properties in the US, according to a company statement released on Thursday. Spanning 10.2 million square feet, the acquired properties …
Mergers and Acquisitions
The mall is located in the heart of Sabah Al Ahmad Sea City
27 October 2019 10:58 AM Tamdeen Group launches MENA's first hybrid outlet mall
Mubasher: Tamdeen Group has launched, through its subsidiary Tamdeen Pearl, Al Khiran Mall to be the first hybrid outlet, leisure, and lifestyle destination in the region. In addition, the project will add great value to shoppers in response to …
Real estate
Apartment rents declined in Ajman
23 October 2019 04:49 PM Properties in Sharjah, Ajman remain attractive – Report
UAE – Mubasher: Property prices in the UAE’s cities of Sharjah and Ajman inched down in the third quarter of 2019, stabilising in Ajman Downtown and Muwaileh, according to a report released by Bayut on Wednesday. Rents in Al Majaz, Al Khan, …
Macroeconomics
The new HQ is set for completion in June 2021
21 October 2019 11:08 AM Visa appoints Sweid & Sweid to build new regional HQ in Dubai
Dubai – Mubasher: The world’s leading digital payment provider Visa has hired the international real estate developer Sweid & Sweid to set up its new Dubai headquarters for the Central and Eastern Europe, Middle East and Africa (CEMEA) region. …
Real estate
Grand Union is Developed by St George PLC, Berkeley Group
17 October 2019 05:13 PM Major trending investments in London include Battersea Power Station – Savills
Mubasher: Companies invest into the real estate market in London, so too are developers, by offering increasingly attractive opportunities, the leading real estate advisor, Savills Middle East, said. In a high-profile event at the UK Embassy in …
Prime London residential property values are forecast to show recovery
17 October 2019 04:28 PM Savills: Outbound investment in real estate from Middle East rises 62%
Mubasher: Investment in the global real estate market is showing faster growth than any other region, while outbound investment in properties from the Middle East region has soared by 62% during the first half of 2019, Savills said. In a …
Global Economy
Real estate sector remains a safe haven
12 October 2019 05:44 PM Kuwaiti property market to recover in Q4-19
Mubasher: The Kuwaiti property market is expected to recover in the fourth quarter of 2019 after stagnation in the summer, developers told the Kuwait News Agency. Prices of commercial property are currently stable while the demand is regular, …
Real estate
The event attracts senior-level decision makers
19 August 2019 11:38 AM Cairo to host Intelligent Cities Exhibition & Conference on 23-24 October
Cairo – Mubasher: Cairo is set to host the fifth annual Intelligent Cities Exhibition & Conference (ICEC) on 23-24 October, according to a statement. The Middle East and Africa region’s leading smart and sustainable cities event will be organised …
Event
Project owners in GCC have awarded construction contracts worth $49 billion in H1-19
23 July 2019 04:13 PM Saudi Arabia construction projects’ value hit $63bn in Q2 – BNC
Mubasher: Saudi Arabia is the first largest construction market in the GCC with total investments of $63.5 billion in the second quarter of 2019, according to a recent report by BNC Construction Intelligence. During the first six months of 2019, …
Macroeconomics
The assets are currently 93% occupied by residents
23 July 2019 00:52 PM GFH acquires over $180m healthcare portfolio in US
Mubasher: GFH Financial Group, through its fully-owned subsidiary GFH Capital Limited, has acquired a Diversified Senior Healthcare Portfolio at a deal value surpassing $180 million. This healthcare portfolio consists of six income yielding …
Real estate