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24 February 06:06 PM

Real Estate

The real estate market in Dubai is set to flourish this year
10 January 08:07 PM Ten reasons for confidence in Dubai’s real estate sector
By: Muhammad Abdul-Wakeel UAE – Mubasher: The real estate market in Dubai is set to flourish this year, backed by a series of positive indicators that are promising great outlook for the sector. Chairman of W Capital Real Estate Brokerage Company …
Real estate
Off-plan properties remained the top preference for investors
7 January 05:03 PM Dubai records highest property sales in 11 years
By: Muhammad Abdul-Wakeel UAE – Mubasher: A total of 41,988 real estate transactions were registered in the UAE’s Emirate of Dubai in 2019, up 20% from the year before, according to data released by Data Finder, a platform affiliate to Property …
Real estate
50% of AMAN REIF will be offered in a private offer
31 December 2019 03:48 PM Oman's AMAN REIF to launch IPO on Thursday
Mubasher: Omani fund under formation AMAN REIF has announced that its initial public offering (IPO) is set to be launched on Thursday, 2 January 2020 and last for 15 days until 16 January. The announcement took place during a press conference held …
Real estate
The new section features various buildings
24 December 2019 04:16 PM Bayut offers new guides for popular towers across the UAE
UAE - Mubasher: Dubai-based property website Bayut has launched a new section for Building Guides including full details about the property types, amenities available, service charges, and the average cost for renting and buying in popular towers …
Real estate
Sawiris set the mastering plan for Andermatt
11 December 2019 11:08 AM Except for El Gouna, all projects came by coincidence – Samih Sawiris in RiseUp
By: Ingy ElSafy Cairo -Mubasher: On the final day of the RiseUp Summit 2019, the Egyptian tycoon Samih Sawiris was hosted to talk to the attendees about different topics and events, whether by speaking out on personal or business matters. The …
Event
Sales grew to KWD 825m in Q3
7 December 2019 07:13 PM Commercial sector drags down property sales in Kuwait – NBK
By: Muhammad Abdul-Wakeel Mubasher: Property sales in Kuwait declined by 31% month-on-month, 26% year-on-year, in October, recording KWD 211 million, on the back of the commercial sector. During the third quarter of 2019, sales grew 2.8% …
Real estate
Bayut remained the most trusted real estate website in the UAE
26 November 2019 11:06 AM Bayut sees steady upward trajectory with 3m traffic in October
Dubai – Mubasher: Bayut has seen a record-breaking traffic crossing over 3 million sessions recorded in October 2019, based on data by SimilarWeb, a highly popular digital market intelligence platform. Bayut succeeded to achieve a steady upward …
Software, BIM, and digitalisation are the top three industry disrupters
25 November 2019 02:15 PM GCC, Middle East top construction investments destinations
Dubai – Mubasher: Gulf Cooperation Council (GCC) member countries and the wider Middle East region are standout opportunities recognised by a recent construction industry survey. The majority of respondents, who are not already active in the …
Event
The mall is located in the heart of Sabah Al Ahmad Sea City
27 October 2019 10:58 AM Tamdeen Group launches MENA's first hybrid outlet mall
Mubasher: Tamdeen Group has launched, through its subsidiary Tamdeen Pearl, Al Khiran Mall to be the first hybrid outlet, leisure, and lifestyle destination in the region. In addition, the project will add great value to shoppers in response to …
Real estate
Apartment rents declined in Ajman
23 October 2019 04:49 PM Properties in Sharjah, Ajman remain attractive – Report
UAE – Mubasher: Property prices in the UAE’s cities of Sharjah and Ajman inched down in the third quarter of 2019, stabilising in Ajman Downtown and Muwaileh, according to a report released by Bayut on Wednesday. Rents in Al Majaz, Al Khan, …
Real estate
The deal is contingent on prior governmental approval
23 October 2019 00:31 PM Orascom Investment, Qatari Diar in talks over potential deal
Cairo – Mubasher: Orascom Investment Holding (OIH) announced that it has conducted the feasibility studies of several investment opportunities, including its potential deal with Qatari Diar Real Estate Investment Company. The Egyptian firm is …
Companies Investments
The new HQ is set for completion in June 2021
21 October 2019 11:08 AM Visa appoints Sweid & Sweid to build new regional HQ in Dubai
Dubai – Mubasher: The world’s leading digital payment provider Visa has hired the international real estate developer Sweid & Sweid to set up its new Dubai headquarters for the Central and Eastern Europe, Middle East and Africa (CEMEA) region. …
Real estate
Grand Union is Developed by St George PLC, Berkeley Group
17 October 2019 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 …
Event
Prime London residential property values are forecast to show recovery
17 October 2019 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 …
Real estate
Real estate sector remains a safe haven
12 October 2019 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, …
Real estate
The loan will be used to finance property projects
4 October 2019 06:01 PM NBE, QNB provide EGP 1.7bn loan to Egyptian developer
Cairo – Mubasher: The National Bank of Egypt (NBE) and Qatar National Bank (QNB) have signed EGP 1.7 billion syndicated credit facility agreement with Redcon Construction Company, according to a statement. The loan will be used to finance the …
Real estate
The event attracts senior-level decision makers
19 August 2019 11:38 AM Cairo to host Intelligent Cities Exhibition & Conference on 23-24 October
Cairo – Mubasher: Cairo is set to host the fifth annual Intelligent Cities Exhibition & Conference (ICEC) on 23-24 October, according to a statement. The Middle East and Africa region’s leading smart and sustainable cities event will be organised …
Real estate
Project owners in GCC have awarded construction contracts worth $49 billion in H1-19
23 July 2019 04:13 PM Saudi Arabia construction projects’ value hit $63bn in Q2 – BNC
Mubasher: Saudi Arabia is the first largest construction market in the GCC with total investments of $63.5 billion in the second quarter of 2019, according to a recent report by BNC Construction Intelligence. During the first six months of 2019, …
Ratings
Lease and resale services will be offered to clients in the Egyptian market
28 May 2019 01:55 PM Tabarak launches new property firm in Egypt, GCC
By: Abdullah Bedeir Cairo – Mubasher: Tabarak Developments has launched a new company which will operate in the GCC and Egyptian markets. The new company will offer real estate services to Tabarak’s customers in the GCC region and Egypt in a bid …
Companies Investments
‘Ai Everything Summit 2019’ kicked off in Dubai on 30 April
19 May 2019 10:17 AM UAE leads GCC in adopting Fourth industrial revolution
Mubasher: The current industrial revolution will not include organisations that do not adapt by using new digital technologies, including the internet of things (IoT) and Artificial Intelligence (AI). Such entities are expected to fail to be ready …
Macroeconomics
Autonomous transport something that the UAE is already actively involved in
16 May 2019 10:44 AM Genomic medicine amid UAE’s goals in Fourth Industrial Revolution – Colliers
Mubasher: The Fourth Industrial Revolution (4IR) is becoming an endorsing factor for economies all over the world and it is currently being seen in various sectors such as real estate, banking, entertainment, healthcare, and the new trend of …
Macroeconomics
Two Seasons Hotel & Apartments will open in Al Barsha in 2022
9 May 2019 02:54 PM Two Seasons Hotels expands operations in UAE, Morocco
Mubasher: Two Seasons Hotels management company has unveiled updates on its four new upcoming properties in the UAE and Morocco during its participation as an exhibitor in the Arabian Travel Market (ATM) 2019. In Dubai, the hospitality group will …
Companies Investments
The new app replaces all the apps previously launched for the group’s individual hotel brands
9 May 2019 01:43 PM Emaar Hospitality launches fully-integrated app for guest experiences
Mubasher: Emaar Hospitality, a subsidiary of the leading Dubai-based Emaar Properties, on Thursday announced the launch of a single-point mobile app that covers all the hotel, hospitality, and leisure experiences under the group. The …
Real estate
Marassi Al Bahrain will feature 6,000 residences
5 May 2019 02:14 PM Eagle Hills inks $374m syndicated financing to build Marassi Galleria
Mubasher: Eagle Hills Diyar has signed a $374 million financing agreement with a syndicate of banks from UAE and Bahrain to finance the construction of Marassi Galleria, Address Hotel and VIDA Hotel. “The syndicated financing underscores the …
Banking and Finance
TIME Hotels will be exhibiting on stand HC0620 during ATM 2019
22 April 2019 04:33 PM TIME Hotels plans to open 35 properties in Middle East by 2025
Mubasher: The UAE-headquartered hospitality company and hotel operator TIME Hotels plans to launch five properties across the Middle East during 2019. A further expansion to its business is planned, as TIME Hotels targets 35 properties by 2025.   …
Global Economy