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21 July 11:19 AM Alandalus Property unveils commercial project worth SAR 831m
Riyadh – Mubasher: Alandalus Property Company began the construction process of a qualitative commercial centre in Makkah with a total estimated cost of SAR 831 million. The board of Masat Property Company decided to appoint Hamat Holding Company …
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18 July 04:03 PM Binghatti sukuk tap 420% oversubscribed on strong global demand
UAE – Mubasher: Dubai developer Binghatti saw record interest for its recent $200 million sukuk tap, receiving around $2.10 billion in orders. That represented an oversubscription of approximately 420% backed by global investors, according to a …
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18 July 02:17 PM Dar Global, Trump Organization partner to launch Trump Tower Dubai
UAE – Mubasher: Luxury developer Dar Global has entered into a partnership with the Trump Organization to build Trump Tower Dubai. The project’s location and design in a prime Dubai site will be unveiled by the end of 2024, according to a press …
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15 July 10:43 AM Aldar Properties seals deal with DP World to develop logistics park in Dubai
Abu Dhabi – Mubasher: Aldar Properties has signed a strategic agreement with DP World to fund and develop a 1.55 million square feet (144,000 square meters) Grade A logistics park at National Industries Park (NIP) in Dubai’s Jebel Ali. This …
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15 July 09:52 AM Madinet Masr, Heliopolis Housing to develop mega project in New Heliopolis
Cairo – Mubasher: Madinet Masr Housing and Development has announced the signing of a co-development project in New Heliopolis City with Heliopolis Housing and Development Company, known as Misr Al-Gadida for Housing and Development. The project …
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11 July 02:16 PM Emaar Properties achieves outstanding performance in H1-24
Dubai – Mubasher: Emaar Properties delivered resilient performance and operational efficiency across its various businesses during the first quarter (Q1) of 2024, according to a press release. Emaar Development saw a remarkable 30% growth in sales …
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10 July 05:58 PM Ras Al Khaimah raises equity ownership in RAK Properties to 34%
Abu Dhabi – Mubasher: The Emirates of Ras Al Khaimah has increased its stake in RAK Properties to reach 34.16% following the Securities and Commodities Authority’s (SCA) approval. This equity raise comes upon the March annual general meeting (AGM) …
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10 July 03:56 PM Marriott International, Eagle Hills pen agreement to launch 1st Ritz-Carlton Reserve in UAE
UAE – Mubasher: Marriott International has signed an agreement with Eagle Hills to open the first Ritz-Carlton Reserve in the UAE on Ramhan Island in Abu Dhabi. Overlooking the Arabian Gulf, the new hotel is scheduled to open in 2029, according to …
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9 July 02:27 PM Rove Hotels opens new boutique hotel in Dubai
UAE – Mubasher: Rove Hotels has inaugurated a new hotel in Dubai’s Jumeirah Beach Residence (JBR) under the name Rove JBR, bringing its total hospitality portfolio in Dubai to 3,600 rooms. The new boutique hotel offers travellers Rover Rooms or …
Blagoje Antić, Founder and Chairman of DHG Holding
8 July 12:45 PM Dubai real estate market records $2.1bn in 2024 sales
UAE – Mubasher: DHG Properties, a leading real estate development company operating within DHG Holding, noted that price growth in Dubai’s residential market accelerated with a notable increase from 20.30% in February 2024 to 20.70% last March. …
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8 July 12:29 PM Madinet Masr pens MoU for construction of EGP 1bn Sarai project
Cairo – Mubasher: Madinet Masr Housing and Development has signed a memorandum of understanding (MoU) with Aboelwafa Contracting and Real Estate Investment Company to execute the construction work of the Sarai project. The MoU covers the …
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7 July 03:57 PM India’s Zoya Developments to invest AED 2bn in Dubai
UAE – Mubasher: India-based Zoya Developments expanded its business into the UAE market with Investment exceeding AED 2 Billion allocated for the next three years. This landmark announcement aligns with their first project in Dubai’s Furjan area, …
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7 July 10:08 AM Orascom Development’s unit finalises deal with Egyptian authorities for Makadi Bay land
Cairo – Mubasher: Orascom Development Egypt (ODE) announced that its subsidiary, Makadi Heights for Tourism Development, has concluded an agreement with the Tourism Development Authority for an additional grace period of 8.50 years for its …
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4 July 03:51 PM Egypt's construction industry to expand 8% annually until 2029 – JLL
Cairo – Mubasher: Egypt's construction industry, the largest in Africa and third largest in the MENA region, is projected to grow at a compound annual growth rate (CAGR) of more than 8% until 2029, according to JLL’s construction market …
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3 July 11:58 AM Fairmont Hotels, SOL Properties partner to launch Fairmont Residences Solara Tower Dubai
UAE – Mubasher: Fairmont Hotels and Resorts has entered into a partnership with SOL Properties to launch the Fairmont Residences Solara Tower in Downtown Dubai. The project is slated for completion during the third quarter (Q3) of 2027, according …
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3 July 10:54 AM Sumou Real Estate, Jabeen team up for SAR 1.3bn project
Riyadh – Mubasher: Sumou Real Estate Company penned an agreement with Jubail and Yanbu Industrial Cities Services Company (Jabeen) for a project valued at SAR 1.30 billion. The two entities will develop primary and secondary infrastructure works …
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3 July 10:32 AM TMG Holding launches EGP 1trn SouthMed project on Egypt’s North Coast
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding), in partnership with the Egyptian government, has launched SouthMed, its first project on Egypt’s North Coast, with total investments of EGP 1 trillion ($21 billion) over an …
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2 July 06:03 PM Dubai-headquartered Dar Global debuts in Jeddah through Trump Tower
Riyadh – Mubasher: UK’s Dar Global, an international real estate developer with its headquarters (HQ) in Dubai has teamed up with The Trump Organization to launch the first Trump Tower in Saudi Arabia, according to a press release. The new project …
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2 July 04:58 PM Sobha Realty breaks ground on AED 210m mall
UAE – Mubasher: Sobha Realty, a leading global luxury real estate developer, has begun constructing a unique mall in its Sobha Hartland community in Dubai. With a cost of AED 210 million, the project is scheduled for completion in the second half …
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2 July 01:57 PM Dallah Healthcare pens deal to establish SAR 1.2bn fund
Riyadh – Mubasher: Dallah Healthcare Company inked a contract with Dallah Real Estate, Tatweer Company, and Aljazira Capital Company to establish a private real estate fund with an estimated value exceeding SAR 1.20 billion. Dallah Healthcare will …
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2 July 01:22 PM Orascom Development Egypt unveils EGP 1.4bn sale deal
Cairo – Mubasher: Orascom Development Egypt (ODE) sold 145,266 square metres of land in El Gouna at a value of EGP 1.54 billion, according to a press release. The land sale, executed at 15 times its book value of EGP 101 million, marks the most …
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2 July 12:39 PM Arada Developments lists $400m Sukuk on Nasdaq Dubai
UAE – Mubasher: Nasdaq Dubai has announced the listing of a $400 million Sukuk by Arada Developments, a UAE-based master developer. This is Arada's second listing on Nasdaq Dubai and the first under their new $1 billion Sukuk programme, according …
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2 July 10:28 AM TMG Holding’s unit partners with Schindler to localise lift industry in Egypt
Cairo – Mubasher: Atrium for Contracting, a subsidiary of Talaat Moustafa Group Holding Company (TMG Holding), has signed a framework cooperation agreement with global lift manufacturer Schindler Group, to localise the industry in Egypt. Under the …
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30 June 11:39 AM Schneider Electric, Al Ahly Sabbour ink development deal
Cairo – Mubasher: Schneider Electric, Al Ahly Sabbour, and Gebal for Sustainability Solutions penned a deal to launch sustainable community development projects in Sidi Heneish village in Marsa Matrouh Governorate. The three parties highlighted a …
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27 June 12:54 PM UK’s IHG, Arkan Palm partner to launch 1st Holiday Inn Express hotel in Egypt
Cairo – Mubasher: UK-based IHG Hotels and Resorts has signed a management agreement with leading developer Arkan Palm for Real Estate Investment to launch the first Holiday Inn Express hotel in Egypt. Named Holiday Inn Express West Cairo 205, the …