UAE – Mubasher: Arada has awarded two contracts at an aggregated value of AED 615 million to build all 565 homes in Azalea, the fourth phase of Masaar, according to a press release. Masaar is valued at AED 9.50 billion and includes 3,000 villas …
Riyadh – Mubasher: Ladun Investment Company’s board approved signing a SAR 573 million credit facility agreement with Al Rajhi Bank. The loan will be used to finance the company and its subsidiary Built Industrial, according to a bourse filing. …
Mubasher: Bold Routes, an Egypt-based brokerage company for real estate, has launched its tenth branch in Dubai, marking its first regional office, according to a press release. Abdel Rahman Badr, CEO of Bold Routes, highlighted that the company’s …
Cairo – Mubasher: The Urban Communities Authority (NUCA) has received technical and financial proposals from Hyde Park, Madinet Masr Housing and Development, and Mountain View to participate in the New Heliopolis City project. Heliopolis Company …
Riyadh – Mubasher: ROSHN Group, PIF giga-project, inked an agreement exceeding SAR 215 million with partner developer Dar Al Arkan, according to a press release. The two developers sealed the deal following a similar agreement last year, that will …
Riyadh – Mubasher: Knowledge Economic City announced signing two contracts with Elkhereiji Commerce and Contracting Company for Al Alya project at a combined value of SAR 288.60 million. The two deals were awarded and signed on 4 April 2024, …
Riyadh – Mubasher: Thakher Development Company has unveiled progress on its SAR 26 billion ($7 billion) premium development, Thakher Makkah, according to a press release. The development project features a mix of residential, retail and …
Mubasher: Investment Corporation of Dubai (ICD) and Brookfield Corporation (Brookfield) penned a deal with Olayan Financing Company and Lunate for the sale of a 49% stake in ICD Brookfield Place (ICDBP), according to a press release. Under the …
Riyadh – Mubasher: Nadhmi Al Nasr, CEO of Saudi Arabia's flagship project to diversify its economy away from oil, NEOM, is set to host a roadshow in Hong Kong to attract investors to support the mega-development. Scheduled for April 19 at M+ in …
UAE – Mubasher: Dubai South Properties has awarded an AED 1.50 billion contract to Al Kharafi Construction Company to build the third, fourth, and fifth phases of the South Bay project. The company launched the fourth phase of the project, which …
Abu Dhabi – Mubasher: Aldar Properties and Dubai South will team up to develop Grade A logistics facilities at Dubai South’s Logistics District, according to a press release. The Grade A logistics facility, spanning nearly 23,000 square metres of …
Cairo – Mubasher: Banque Misr has renewed a cooperation protocol with the Social Housing and Mortgage Finance Fund (SHMFF) with a funding target of up to EGP 25 billion. The renewal of the protocol is a culmination of the fruitful cooperation …
Dubai – Mubasher: Union Properties recorded robust asset sales and cash flow generation during the first quarter (Q1) of 2024, according to a press release. During the three-month period that ended on 31 March 2024, the company successfully closed …
Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) has signed SAR 881.72 million contracts for construction and excavation works. The first contract was signed at a value of SAR 722.09 million with Diriyah Gate Company Limited (DGCL) for the …
Riyadh - Mubasher: NEOM emerges as the most preferred project for expatriate investors in Saudi Arabia, according to the Saudi Gazette. A survey conducted by global property consultancy Knight Frank revealed that approximately 29% of expats in the …
Riyadh – Mubasher: Emaar The Economic City has rescheduled, on 1 April 2024, a facility agreement offered by the Public Investment Fund (PIF) to be extended from 18 months to 21 months. The loan is worth up to SAR 1 billion and was originally …
Mubasher: GFH Partners Limited, a subsidiary of GFH Financial Group, has invested $450 million in the US real estate sector between the fourth quarter (Q4) of 2023 and Q1-24. In the Medical Clinics sector, GFH Partners has a portfolio of assets …
Cairo – Mubasher: Heliopolis Company for Housing and Development posted a net profit of EGP 7.80 billion in 2023, a surge from EGP 603 million a year earlier. Operating revenues skyrocketed to EGP 15.62 billion last year from EGP 1.99 billion in …
UAE – Mubasher: Dubai Land Department (DLD) has signed a partnership agreement with nine developers to bolster the Dubai Real Estate Programme. The agreement was signed with Emaar Properties, Expo Dubai, Deyaar, DAMAC Properties, Azizi …
Riyadh – Mubasher: ROSHN Group has launched its fifth integrated mixed-use community ALMANAR at Makkah’s western gate. Situated at 2.50 million square meters, the first phase of the project is set to provide 4,149 residential units with the …
Riyadh – Mubasher: Emaar The Economic City registered a 78.13% decrease in net loss during 2023 to SAR 253 million from SAR 1.15 billion in 2022. The loss per share also plunged to SAR 0.22 last year when compared with SAR 1.02 in 2022, according …
Cairo - Mubasher: Al Ahli Sabbour and the National Bank of Egypt (NBE) have launched Mint Real Estate Assets Management Company in the Egyptian market. MINT is set to forge strategic partnerships that enhance and optimise the value and returns of …
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), an Egypt-based unit of the ADX-listed FAB, has launched a mortgage finance system with an interest rate of up to 8%, in implementation of the latest initiative by the Central Bank of Egypt …
Riyadh – Mubasher: Arabian Centres Company (Cenomi Centers) logged a 48.77% year-on-year (YoY) surge in net profit to SAR 1.50 billion in 2023 from SAR 1 billion a year earlier. Revenues grew 2.13% YoY to SAR 2.25 billion last year from SAR 2.20 …
Dubai – Mubasher: Dubai Investments Real Estate (DIR), the real estate arm of Dubai Investments, has launched an AED 300 million residential project in Dubai’s Jumeirah Village Circle (JVC). Named Violet Tower, the residential project features a …
