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The project includes 300 residential villas
4 hours ago UAE opens AED 687m residential project in Al Ain City
UAE – Mubasher: Vice chairman of Abu Dhabi Executive Council Sheikh Hazza bin Zayed Al Nahyan opened AED 687 million Al Hayer residential project in Al Ain City. The project includes 300 residential villas the design of which was tailored to meet …
Grand Union is Developed by St George PLC, Berkeley Group
17 October 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 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 …
Customers can redeem EMR tokens in Emaar’s real estate, hotels, e-commerce operations, and malls
17 October 03:57 PM Emaar to launch blockchain-based loyalty platform end-2019
Dubai – Mubasher: Emaar, the Dubai-based property developer, announced that it will launch EMR, a new blockchain-based referral and loyalty platform, by the end of 2019. The new platform will reward customers of the global real estate firm with …
Badr City Authority has allocated 76.5 feddans to the company
17 October 03:49 PM Cairo Investment obtains EGP 500m land plot in Badr City
By: Islam Fadl Cairo – Mubasher: Cairo For Investment and Real Estate Development said that it has paid 10% of the total value of the land obtained from Badr City Authority. Badr City Authority has allocated 76.5 feddans at about EGP 1,490 for …
The decision of the CMA was issued on 20 June 2019
17 October 03:27 PM Kuwaiti court refuses Ream Real Estate’s grievance against CMA
Mubasher: The Capital Markets Court rejected the grievance submitted by Ream Real Estate Co against Kuwait’s Capital Markets Authority’s (CMA) rejection of the merger draft.   The decision of the CMA was issued on 20 June 2019, according to a …
The winning bidders will acquire a 10% stake in the company
17 October 12:30 PM Heliopolis Housing comments on extending pre-qualification deadline
Cairo – Mubasher: Heliopolis Company for Housing and Development affirmed that it has not made any official statements regarding extending the deadline for bids to prequalify for the management of the company and the acquisition of a 10% stake. …
By 12:30 pm UAE time, the stock rose by 1.38% to AED 2.2
17 October 12:07 PM Aldar Properties' stock hits highest level since September on Thursday
By: Enas Bahgat Abu Dhabi – Mubasher: Aldar Properties’ stock, listed on the Abu Dhabi Securities Exchange (ADX), has moved upwardly during Thursday’s trading session following the successful placement of its US dollar-denominated sukuk. By 12:30 …
The company’s net profits hiked to EGP 376.3 million in FY18/19
17 October 11:29 AM Heliopolis Housing mulls extending pre-qualification deadline
By: Abdullah Bedeir Cairo – Mubasher: Heliopolis Company for Housing and Development currently considers extending the deadline for bids to prequalify for acquiring a 10% stake in the company along with management rights, sources told Mubasher. As …
The profits slid to around KWD 239,940 in Q3- 19
17 October 09:41 AM Taameer Real Estate posts 61% lower profits in Q3-19
Mubasher: The financial statements of Taameer Real Estate Investment showed a 61.4% year-on-year decline in profits during the third quarter of 2019.  Year-on-year, the profits slid to around KWD 239,940 ($791,730) in Q3-19 when compared to nearly …
The company has generated revenues of AED 483.3 million in 9M
17 October 08:56 AM Deyaar posts AED 53m net profit in 9M
Dubai - Mubasher: Deyaar Development, a leading property developer and real estate service provider in the UAE, on Thursday reported its financial results for the first nine months of 2019. The Dubai-based developer has recorded a net profit of …
Business Park Phase 2 is set to be delivered on schedule in February 2020
16 October 10:42 AM Union Properties' Business Park Phase 2 on track for scheduled delivery
Dubai – Mubasher: Union Properties, a leading property developer in the UAE, announced that it has completes 30% of the second phase of Dubai Autodrome Business Park. Business Park Phase 2 is set to be delivered on schedule in February 2020, …
The sukuk has a coupon rate of 3.875%
16 October 09:39 AM Aldar’s unit raises $500m in sukuk placement
Abu Dhabi - Mubasher: Aldar Investment Properties, a wholly-owned subsidiary of Aldar Properties, announced it has raised a nominal amount of $500 million by placing a fixed rate US dollar-denominated sukuk with a tenor of 10 years. The …
There are currently 2,997 factories in the city
15 October 02:54 PM Egypt sets up EGP 3bn factories in 10th of Ramadan City
Cairo – Mubasher: Egypt is currently building 1,016 factories in 10th of Ramadan City at expected investments of EGP 3 billion, the country’s minister of housing Assem El-Gazzar said. These plant are expected to have an annual production of EGP 8 …
Samia is scheduled for delivery by December 2019
15 October 01:38 PM Azizi Developments completes 93% of Samia in Al Furjan
UAE - Mubasher: Azizi Developments, a leading private developer in the region, announced it has completed 93% of the construction work at its residential and commercial development Samia. Samia is scheduled for delivery by December 2019 as part of …
Heliopolis Housing posted a net profit of EGP 376.3 million in FY18/19
15 October 12:15 PM Heliopolis Housing to offer 50 feddans for sale in El Shorouk City
By: Abdullah Bedeir Cairo – Mubahser: Heliopolis Company for Housing and Development plans to sell a 34-feddan land plot and another 16-feddan land plot in El Shorouk city, Mahmoud Abdel Baset, advisor to the company’s chairman, told Mubasher.   …
The development's design is inspired by Hollywood glamour and the chic Californian lifestyle
15 October 11:27 AM Damac announces topping out of Paramount Tower Hotel, Residences in Dubai
Dubai - Mubasher: Damac Properties, a leading property developer in the UAE, on Tuesday announced it has topped off its master development, Paramount Tower Hotel and Residences on Sheikh Zayed Road. The 64-storey mixed-use development features the …
The residential project will be built over four phases in eight years
14 October 04:53 PM IWAN Developments invests EGP 5bn in Ain Sokhna residential project
By: Abdullah Bedeir Cairo – Mubasher: IWAN Developments announced the launch of its integrated residential project “Majada” in Ain Sokhna over an area of 101 feddans. Total investments in the project stand at EGP 5 billion, with expected sales …
The deal is valued at approximately KWD 950,000
14 October 12:12 PM Aayan Leasing’s unit inks KWD 950k sale contracts
Mubasher: Aayan Leasing and Investment said that its fully owned subsidiary, Tawazun Holding, has concluded primary property sale contracts. The deal is valued at KWD 950,000, Aayan Leasing said in a bourse filing on Monday.   The transaction will …
Unicap received the approval for the loan in September
14 October 09:46 AM Unicap inks KWD 20m loan deal with local bank
Mubasher: The board of Unicap Investment and Finance approved to sign a KWD 20 million loan contract with a Kuwaiti local bank, according to a bourse statement on Monday. During its meeting on Sunday, 13 October, the board also consented to sign …
The suspension will be implemented starting from Monday
14 October 09:25 AM Tadawul suspends trading on National Building’s stock
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced that it has suspended National Building and Marketing Company’s stock from trading, as the company did not report its financial statements for the second quarter of 2019 during the …
The resignation was submitted for personal reasons
13 October 03:54 PM Abyaar Real Estate’s board approves chairman resignation
Mubasher: The board of Abyaar Real Estate Development approved the resignation of its chairman, Saleh Abdul Aziz Al Saraawi, who represents Aayan Leasing and Investment, during the meeting held on Sunday.  The resignation was submitted for …
Assem El-Gazzar during his tour in the city
13 October 03:16 PM Current investments in Shorouk City stand at EGP 3bn
Cairo – Mubasher: Current investments in El Shorouk City amount to EGP 3 billion, the Egyptian minister of housing Assem El-Gazzar said. There are 53 requests for investment in the city at an expected investment return of EGP 2.5 billion, …
Sales prices and rental rates marginally declined during Q3-19
13 October 12:18 PM Abu Dhabi’ real estate market sees downturn in Q3 - Chestertons
UAE - Mubasher: The real estate market in Abu Dhabi may be close to bottoming out as the downward corrections it faced in the second quarter of 2019 have slowed in Q3-19, according to Chestertons MENA’s Q3-19 Abu Dhabi market report. Sales prices …
Real estate sector remains a safe haven
12 October 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, …