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26 September 01:47 AM

Real estate

Dubai’s BICC wins $28m infrastructure projects in Arada’s Aljada
25 September 07:03 PM Dubai’s BICC wins $28m infrastructure projects in Arada’s Aljada
Dubai – Mubasher: Dubai-based BIC contracting Company (BICC) received a contract worth of $28 million (AED 103 million) from real estate developer Arada for construction works at the Aljada project. Under the deal, BICC will be entrusted with …
Real estate
The developer has acquired a 50-feddan land in El Dabaa
25 September 06:37 PM OUD to raise investments to EGP 2.9bn; eyes EGP 2bn sales - Interview
By: Abdullah Bedeir Cairo – Mubasher: Orientals for Urban Development (OUD) is planning to increase its total investments in Egypt to EGP 2.9 billion in 2018, while achieving EGP 2 billion sales, owner and board member Mohammed Farid Khamis …
Companies Investments
Marakez closed Tuesday’s session at 23.4 fils
25 September 05:18 PM Marakez board approves capital hike
Mubasher: The board members of Real Estate Trade Centers (Marakez) approved the proposals requests by debtors to increase the capital by canceling the amount from the debtors’ account. Marakez board approved canceling a total of KWD 550,000 as …
Board of Directors
Alghanim will offer the tenants and visitors of the project many brands
25 September 03:52 PM Salhia Real Estate unit inks several deals for Assima project
Mubasher: Salhia Real Estate Company announced that its subsidiary Assima Real Estate Company has signed new partnership contracts for Assima project. Assima Real Estate has partnered with the US leading entertainment brand Sky Zone by Tamdeen …
Companies Investments
Trading on Munshaat in Boursa Kuwait is still suspended
25 September 02:20 PM Kuwait’s Munshaat to settle SAR 1.9bn tax claim by Saudi Zakat
Mubasher: Munshaat Real Estate Projects announced that its board members have recommended to the ordinary general meeting (OGM) settling a claim by Saudi Arabia’s General Authority of Zakat and Tax (GAZT). Saudi GAZT has claimed SAR 1.9 billion …
Companies Investments
Construction work is set to commence next October
25 September 10:15 AM Nakheel awards AED35m contract in Jumeirah Park
Abu Dhabi – Mubasher: Nakheel Properties on Tuesday announced it has awarded a contract worth AED 35 million to Dubai-based GBH International Contracting for the construction of a new health, sports and leisure centre at the Jumeirah Park …
Real estate
Jabal Omar Grand Aston will be Archipelago’s first investment in the kingdom
25 September 10:01 AM Jabal Omar’s unit, Indonesian Archipelago International ink franchise agreement
Riyadh – Mubasher: Warfaat Hospitality Ltd, the subsidiary of Jabal Omar Development, has signed a long-term franchise agreement with Indonesia-based Archipelago International to start joint investment in Saudi Arabia. Under the contract, …
Companies Investments
Panorama is located in Abu Al Hassaniyah area
24 September 06:05 PM Ream Real Estate inks deal for KWD 1.8m projects
Mubasher: Ream Real Estate Company has signed a construction contract with United Emirates General Construction for the construction and maintenance of two of its projects. The deal worth KWD 1.8 million ($5.95 million) involves the Panorama and …
Companies Investments
The liberalisation of the Egyptian pound was seen as a "critical juncture" in the North African country’s financial situation
24 September 03:36 PM Egypt’s real estate sector on recovery path - Report
Cairo – Mubasher: Egypt’s real estate sector has been affected negatively by the currency flotation decision in November 2016. The liberalisation of the Egyptian pound was seen as a "critical juncture" in the North African country’s financial …
Sector Reports
Mamsha is an exclusive beachfront
24 September 03:07 PM Aldar Properties presents sale offers for two major developments
Abu Dhabi – Mubasher: Aldar Properties has unveiled a variety of incentives for buyers of its units in Mamsha Al Saadiyat and Alghadeer developments at Cityscape Global, including monthly payment plans, rebates, and fee waivers, according to a …
Real estate
Dubai’s Wasl launches new housing project Wasl Gate
24 September 01:20 PM Dubai’s Wasl launches new housing project Wasl Gate
Dubai - Mubasher: Wasl Asset Management on Monday unveiled a new master development project called Wasl Gate. Situated in Jebel Ali near the Energy metro station, the new freehold property project spreads over 1.23 million square metres. Upon …
Companies Investments
The project is expected to be completed by 2023.
24 September 12:04 PM Egyptian Resorts launches EGP 200m Bay Village project
Cairo – Mubasher: Egyptian Resorts Company on Monday announced that it has launched its new Bay Village project through its subsidiary, Sahl Hasheesh Company. The project’s total cost amounted to EGP 200 million, according to a filing to the …
Companies Investments
The increase comes after Union Properties denied plans to merge with another real estate firm
24 September 10:20 AM Union Properties, Deyaar stocks rise on denied merger Monday
By: Mahmoud Gamal Dubai – Mubasher: Union Properties’ stock grew 1.75% at AED 0.697 during Monday’s trading session, while Deyaar Development’s share rose 1.10% at AED 0.459. The increase comes after Union Properties denied plans to merge with …
Trading Activities
Union Properties isn't currently negotiating any merger transaction
24 September 09:46 AM Union Properties denies merger plan
By: Mahmoud Gamal Dubai – Mubasher: Union Properties on Monday has denied plans to merge with another real estate firm in the emirate of Dubai. The Dubai-based real estate developer isn't currently negotiating any merger transaction, according to …
Real estate
The first contract entailed the construction of a smart village at as much as EGP 1 billion investments
23 September 04:45 PM Capital Group eyes raising Alborouj project’s contracts to EGP 6.5bn
By: Abdullah Bedir Cairo - Mubasher: Capital Group Properties is looking to sign two fresh contracts at a combined value of EGP 1.5 billion for developing Alborouj project, in Al-Shorouq City, bringing the project’s total contracts to around EGP …
Companies Investments
Financial leasing transactions in the local market are valued EGP 20 billion
23 September 03:51 PM Egypt's real estate funding totals EGP 12bn – Chairman
By: Abdallah Beder Cairo – Mubasher: Mortgage finance in the Egyptian market currently stands at EGP 12 billion, chairman and managing director of El-Taamir Mortgage Finance Co (Al-Oula) said. It is expected for real estate funding to become the …
Event
Dragon Towers comprises one- and two-bedroom apartments
23 September 12:18 PM Nakheel inks AED 552m contract for Dragon Towers
Dubai – Mubasher: Nakheel has awarded an AED 552 million construction contract in its AED 713 million Dragon Towers project. The contractors that won the contract, Ali Mousa & Sons Contracting, will start the mobilisation immediately, according to …
Real estate
Falconcity of Wonders’ Dubai homes to be delivered in Q3-21
23 September 10:49 AM Falconcity of Wonders’ Dubai homes to be delivered in Q3-21
Dubai – Mubasher: Falconcity of Wonders on Sunday announced that homes at its Eastern Residences project are slated for completion in the third quarter of 2021. The project spanning an area of 42 square kilometres features miniatures of the seven …
Companies Investments
DLD announced that the emirate’s services centres have served more than 39,000 investors in H1-18
23 September 09:24 AM Dubai’s service centres complete AED 131bn transactions in 6M - DLD
Dubai - Mubasher: Dubai Land Department (DLD) announced that the emirate’s services centres have served more than 39,000 investors during the first six months of 2018, helping them complete their investments worth of AED 131 billion. Dubai’s …
Macroeconomics
Deyaar's Afnan and Dania are 50% completes
23 September 08:55 AM Deyaar completes 50% in 2 projects; to launch hotel at 2018-end
Dubai – Mubasher: Deyaar Development on Sunday revealed that construction at two of its residential projects in Dubai was 50% complete, while its upcoming hotel and serviced apartments project was slated for delivery at the end of the year. The …
Egypt’s Archiform Consultants to expand in Europe
20 September 02:59 PM Egypt’s Archiform Consultants to expand in Europe
Cairo – Mubasher: Archiform Consultants on Thursday unveiled plans to expand its business outside of its home country Egypt. The architecture and design firm will inaugurate a new office in London and a joint venture (JV) with Stibich Hospitality …
Corporate Actions
Nakheel already has more than 28,000 international customers
20 September 02:53 PM Nakheel's UAE investments surpass AED 50bn; no IPO plans – Interview
By: Mahmoud Gamal  Dubai – Mubasher: Dubai master developer Nakheel recently announced plans for Dubai expansions and investments. While the company's projects are focused in Dubai, Nakheel does have a project in neighbouring Sharjah and is in …
Companies Investments
The mall will comprise 500 stores
20 September 02:15 PM Al Maryah Central mall to open in August 2019
Abu Dhabi – Mubasher: Gulf Capital’s real estate arm, Gulf Related, has announced that its Al Maryah Central mall in Abu Dhabi has received building completion certificate and that the major project will be opened in August 2019. The finalisation …
Companies Investments
The impact of buying this asset will be a long-term investment
20 September 12:05 PM Taameer inks contract to buy KWD 5m asset
Mubasher: Taameer Real Estate Investment announced it has sealed a deal to purchase a property in Sharq Area in Kuwait for KWD 5 million ($16.6 million), according to a bourse disclosure on Thursday. Purchasing this asset will be executed as …
Companies Investments
Villas are designed and masterly configured for a family-centric living
20 September 11:07 AM Emaar Development launches Samara villas in Dubai
Dubai – Mubasher: Emaar Development on Thursday announced launching Samara villas project located at Arabian Ranches 2, Dubai. The project, which includes 177 villas, is nearby a golf course, polo club, and a Residents club, according to the …
Companies Investments