Mubasher TV
Contact Us Advertising   العربية

Real estate

Photo Archive
14 April 08:20 PM Knowledge Economic City inks nearly SAR 289m deals with Elkhereiji for Al Alya project
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, …
Photo Gallery
8 April 03:02 PM Thakher Development highlights progress on SAR 26bn Makkah project
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 …
Photo Gallery
8 April 02:10 PM Olayan, Lunate acquire equity ownership in ICD Brookfield Place
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 …
Photo Gallery
8 April 10:57 AM Saudi Arabia to feature NEOM project at Hong Kong investor roadshow
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 …
Photo Gallery
4 April 11:21 AM Dubai South Properties awards AED 1.5bn contract to Al Kharafi Construction
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 …
Photo Gallery
3 April 03:03 PM Aldar to launch 1st logistics facility at Dubai South
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 …
Photo Gallery
3 April 01:01 PM Banque Misr renews EGP 25bn protocol with gov’t social housing fund
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 …
Photo Archive
2 April 02:01 PM Union Properties achieves AED 816m plot sales in Q1-24
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 …
Photo Archive
2 April 01:25 PM Al Akaria inks SAR 882m contracts for construction works
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 …
Photo Gallery
2 April 11:49 AM Expat homebuyers in Saudi Arabia favour NEOM as top choice
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 …
Photo Archive
1 April 06:10 PM Emaar The Economic City extends SAR 1bn loan duration with PIF
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 …
Photo Gallery
1 April 04:56 PM GFH Partners injects $450m in US real estate sector
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 …
Photo Archive
1 April 01:47 PM Heliopolis Company’s profit balloons to EGP 7.8bn in 2023
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 …
Photo Archive
1 April 01:15 PM DLD partners with 9 developers to boost Dubai Real Estate Programme
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 …
Photo Gallery
1 April 12:14 PM ROSHN Group unveils ALMANAR’s 1st phase in Makkah
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 …
Photo Archive
31 March 07:07 PM Emaar The Economic City records 78% lower net losses in 2023, unveils accumulated losses
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 …
Photo Gallery
31 March 06:22 PM Al Ahli Sabbour, NBE launch Mint Real Estate Assets Management
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 …
Photo Archive
31 March 02:31 PM FABMISR implements CBE’s 8% mortgage finance initiative
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 …
Photo Gallery
26 March 11:50 AM Cenomi Centers’ net profit surges 49% YoY in 2023; dividends approved
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 …
Photo Gallery
26 March 11:10 AM Dubai Investments’ real estate unit launches AED 300m residential project
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 …
Photo Archive
25 March 04:59 PM TMG Holding’s general assembly greenlights 2023 dividends
Cairo – Mubasher: The ordinary general meeting of Talaat Moustafa Group Holding Company (TMG Holding) approved a cash dividend of EGP 0.22 per share for 2023. The dividends will be paid in two equal installments on 31 May and 31 July 2024, …
Photo Archive
25 March 12:09 PM Makkah Construction’s net profit jumps 114% YoY in 2023; dividends approved
Riyadh – Mubasher: The net profit of Makkah Construction and Development Company leapt 114.10% year-on-year (YoY) to SAR 334 million in 2023 from SAR 156 million. Revenues soared 58.57% YoY to SAR 731 million last year from SAR 461 million, …
Photo Archive
25 March 11:27 AM Jabal Omar Development swings to profitability in 2023
Riyadh – Mubasher: Jabal Omar Development Company shifted to profitability in 2023, recording a consolidated net profit of SAR 37.48 million, compared to a net loss of SAR 352.43 million a year earlier. Revenues surged 56.18% year-on-year (YoY) to …
Photo Archive
24 March 03:28 PM Madinet Masr negotiating banks for credit facilities
Cairo – Mubasher: Madinet Masr Housing and Development is in talks with a syndicate of banks for credit facilities to fund its commercial projects. Official contracts will be signed upon the finalisation of the negotiations, Madinet Masr stated, …
Photo Archive
20 March 01:56 PM Jabal Omar Development receives ministerial licence to operate Jumeirah 3rd tower
Riyadh – Mubasher: Jabal Omar Development Company has received a license from the Saudi Ministry of Tourism to operate the third tower of the Jabal Omar Jumeirah hotel with a five-star rating. The third tower includes 244 luxurious and …