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23 October 05:32 AM

Real Estate

The prices of agricultural real estate grew by 0.3% in Q3-20.
22 October 12:28 PM Saudi real estate price index up 0.5% in Q3
Riyadh – Mubasher: The Saudi real estate price index increased by 0.5% year-on-year (YoY) in the third quarter (Q3) of 2020, driven by a rise in residential real estate prices by 2.1%. The prices of agricultural real estate grew by 0.3%, whereas …
Macroeconomics
KSA's residential rental rates are likely to remain under pressure in the short-to-medium term.
21 October 03:14 PM Saudi residential mortgage market may maintain momentum after VAT exemption
Riyadh – Mubasher: Saudi Arabia’s resilient residential mortgage market is expected to maintain momentum following the recent move by the Saudi government to exempt property deals from 15% value-added tax (VAT) and instead impose a new 5% tax on …
Sector Reports
The newly-signed deal carries a maturity period of three years.
13 October 09:58 AM Red Sea International signs SAR 53m deal with NEOM
Riyadh – Mubasher: Red Sea International Company has penned a contract with NEOM to provide facility management, operations, and maintenance services for the residential and business complex it will build as per the contract announced on 6 October …
Real estate
State Properties General Authority (SPGA) governor, Ihsan Bafakih.
12 October 02:44 PM Saudi SPGA aims to cut rental portfolio to 20% in 2020
Riyadh – Mubasher: Saudi Arabia's State Properties General Authority (SPGA) aims to reduce the rental portfolio to 20% this year and seeks to collaborate with the private sector to build government sites using the BOT method, SPGA’s governor, …
Real estate
Photo Archive
11 October 02:56 PM Three of Sheikh Saleh Al Rajhi's properties up for auction this month
Riyadh – Mubasher: The Liquidation Board of the Legacy of Sheikh Saleh Al Rajhi and Etqaan Real Estate Company said that the 13th auction to sell assets owned by late Sheikh Saleh will take place on Saturday, 24 October 2020. Three Riyadh-based …
Real estate
The dividends will be distributed on Sunday, 29 November.
11 October 10:30 AM Sumou Real Estate proposes SAR 12.5m dividends for H1
Riyadh – Mubasher: The Board of Directors of Sumou Real Estate Company recommended distributing cash dividends of SAR 12.5 million to shareholders for the first half (H1) of 2020. The proposed amount represents SAR 0.50 per share and 10% of the …
Cash Dividends
Photo Archive
8 October 09:07 AM Makkah Construction exempts tenants from rent for six months
Riyadh – Mubasher: Makkah Construction and Development Company’s board approved by circulation exempting tenants at the company’s shopping centre from rental fees for a period of six months. The move aims to support the centre’s tenants amidst the …
Board of Directors
Photo Archive
6 October 04:12 PM Red Sea International pens SAR 78m deal with NEOM
Riyadh – Mubasher: Red Sea International Company inked a contract with NEOM for SAR 78 million, within one of the leading development projects in Saudi Arabia. Under the four-month deal, Red Sea Company will design, build, and implement …
Companies Investments
The Riyadh-based assets contribute around 8.7% of the total revenue of the fund.
30 September 12:06 PM Al Rajhi REIT says lessee to file rent relief lawsuit
Riyadh – Mubasher: Al Rajhi Capital, the fund manager of Al Rajhi REIT, received a letter from Al-Fouzan Trading and General Contracting Co, which is the master lessee of Narjees Plaza, Anwar Plaza, and Rama Plaza, stating that it is proceeding to …
Real estate
The two-month conference will feature exclusive keynote interviews with the housing minister and SAMA governor.
30 September 10:40 AM Euromoney to launch REDF Saudi Housing Finance Conference Thursday
Riyadh – Mubasher: The activities of the Euromoney digital conference will kick off on Thursday, 1 October, in partnership with the Real Estate Development Fund (REDF) under the theme “Saudi Housing Finance”, state-run Saudi Press Agency (SPA) …
Real estate
Musharaka Capital is the representative of the Fund
21 September 10:36 AM DMCC completes AED 46m real estate transaction with Saudi Musharaka Capital
UAE – Mubasher: Dubai Multi Commodities Centre (DMCC) has completed a real estate transaction for Saudi Arabia-based Musharaka REIT Fund at a total value of AED 46 million ($12.6 million). As a fund Manager for Musharaka REIT, Musharaka Capital is …
Companies Investments
The takeover will expand the fund’s asset base and diversify its income sources
15 September 04:12 PM Alkhabeer REIT Fund takes over Elegance Tower
Riyadh – Mubasher: Alkhabeer REIT Fund that is managed by Alkhabeer Capital has completed the acquisition of Elegance Tower, an office tower located in King Fahd Road in Riyadh city. The takeover will expand the fund’s asset base and diversify its …
Real estate
Photo Archive
13 September 09:50 AM Arabian Centres sells entire shares in Al Bawarij for SAR 40m
Riyadh – Mubasher: Arabian Centres Company sold on 10 September its entire remaining shares in Al Bawarij International Development and Real Estate Investment for SAR 40.398 million. The transaction’s impact will reflect on Arabian Centres’ …
Real estate
Photo Archive
8 September 04:19 PM Etqaan to auction Sheikh Saleh Al Rajhi real estate assets soon
Riyadh – Mubasher: Etqaan Real Estate Company said it will auction real estate properties in Riyadh soon in cooperation with the Liquidation Board of the Legacy of Sheikh Saleh Al Rajhi. The properties include Azizia Mall and several land plots, …
Real estate
Ejar is a system that aims to develop the housing and real estate sector in KSA
8 September 11:51 AM Ejar notarizes 110K lease contracts in August
Riyadh – Mubasher: Ejar programme, which is affiliated to Saudi Arabia’s Ministry of Housing, on Tuesday said a total of 110,000 residential and commercial lease contracts were notarized during August 2020. The percentage of residential lease …
Real estate
Photo Archive
7 September 09:52 AM Alkhabeer REIT joins FTSE EPRA Nareit Global Real Estate Index
Riyadh – Mubasher: Alkhabeer Capital announced that Alkhabeer REIT Fund joined the FTSE EPRA Nareit Global Real Estate Index specialising in Real Estate Investment Traded Funds (REITs) and real estate companies. The joining will allow the fund to …
Companies Investments
The Saudi construction market will be negatively affected in 2020
1 September 02:10 PM Saudi construction costs to fall 3% during 2020 - Colliers
Riyadh – Mubasher: Colliers International said that a future balancing of the Saudi budget could moderate planned spending across the construction industry until the novel coronavirus (COVID-19) is under control and oil prices regain an upward …
Real estate
Photo Archive
1 September 10:58 AM Emaar The Economic City signs share subscription deal with PIF
Riyadh – Mubasher: Emaar The Economic City has entered into a share subscription agreement with Dayim Modern Real Estate Management Company, ME Royal Capital LLC, ME Partners Capital LLC, ME Strategic Investments LLC, ME Holdings LLC, Emaar Middle …
Companies Investments
The Antara residential community development
1 September 10:32 AM Gulf Related opens Antara residential development in Diriyah for SAR 1bn
Riyadh – Mubasher: Gulf Related has inaugurated on Tuesday Antara, the new sophisticated residential community development in the prestigious Diriyah area in north-western Riyadh. Comprised of 520 units, the residential development is valued at …
Companies Investments
Photo Archive
1 September 09:55 AM Anaam International inks MoU to acquire 100% of Ghadeer for Real Estate
Riyadh – Mubasher: Anaam International Holding Group signed on Monday a non-binding memorandum of understanding (MoU) with Ghadeer for Real Estate Company to fully acquire its share capital upon reaching a final agreement. The two parties have …
Companies Investments
Photo Archive
25 August 09:58 AM Dar Alarkan profits tumble 86% in Q2
Riyadh – Mubasher: Dar Alarkan Real Estate Development Company’s net profits amounted to SAR 10.37 million in the second quarter (Q2) of 2020, a plunge of 86.2% when compared to SAR 74.95 million in the year-ago period. The fall in interim …
Real estate
The project could have a positive impact on Sumou’s financial results
23 August 09:40 AM Sumou Real Estate to develop Khayala project for SAR 300m
Riyadh – Mubasher: Sumou Real Estate Company signed a secondary real estate development agreement with the National Housing Company (NHS) to develop area 2 of the Khayala residential project located in Jeddah's Al-Hamdaniya for SAR 300 million. …
Companies Investments
Photo Archive
18 August 10:16 AM Red Sea International’s losses slightly down in Q2
Riyadh – Mubasher: Red Sea International Company’s net losses levelled down by 0.73% on a yearly basis during the second quarter (Q2) of 2020 to stand at SAR 27.3 million. The marginal decrease in losses was driven by an increase in gross profit …
Financial Results
The quarterly losses amounted to SAR 25 million
16 August 04:09 PM Makkah Construction swings to loss in Q2
Riyadh – Mubasher: Makkah Construction and Development Company turned to losses of SAR 25 million in the second quarter (Q2) ending 30 June 2020, versus net profits of SAR 87 million in the corresponding period in 2019. The move to losses is …
Financial Results
The Saudi firm recorded the highest dividend payout ratio in the past 12 months
9 August 04:02 PM Arriyadh Development ranks 1st amongst Tadawul-listed real estate developers
Riyadh – Mubasher: Arriyadh Development Company held the first spot among real estate developers listed on the Saudi Stock Exchange (Tadawul) as per the evaluation issued by Bloomberg L.P. on 20 July 2020. The Saudi firm generated the highest …
Real estate