Real Estate

The positive impact of the deal will appear in the company's financials by Q2-18
20 May 11:03 AM Jabal Omar sells 90 units at SAR 1.1bn
Riyadh – Mubasher: Jabal Omar Development on Sunday announced signing an agreement to sell 90 residential units to Albilad Capital, the investment arm of Albilad Bank. The total cost of the deal amounted to SAR 1.1 billion, according to a filing …
Al Akaria's profits fell slightly to SAR 44.6 million in Q1-18
9 May 05:56 PM Saudi Real Estate posts SAR 44.6m profits in Q1
Riyadh – Mubasher: Saudi Real Estate (Al Akaria) on Wednesday posted a slight decline in its first-quarter results compared to a year ago after it registered higher expenses and Zakat provisions. The Saudi property firm achieved SAR 44.64 million …
Jabal Omar CEO Yasser Al-Sharif and SHUAA Capital chairman Jassim Alseddiqi
8 May 01:10 PM UAE’s SHUAA Capital inks property management MoU with Jabal Omar Development
Dubai – Mubasher: SHUAA Capital on Tuesday announced signing a memorandum of understanding (MoU) with Saudi-based Jabal Omar Development Company through which the two companies aim to launch and manage real estate investment vehicles in Saudi …
Egypt aims at increasing urban areas by 12% to 14% in the coming period in an effort to face overpopulation
6 May 02:47 PM Egypt eyes raising urban areas by 12-14%
Cairo – Mubasher: Egypt aims at increasing urban areas by 12% to 14% in the coming period in an effort to face overpopulation, deputy housing minister Assem Al Gazar has said. To this end, the Arab world's most populous nation plans to implement …
The Kuwaiti company will build two projects in Saudi Arabia
6 May 12:30 PM Mabanee to expand The Avenues in GCC – CEO
Mubasher: Mabanee Co has played an important role in the real estate sector in Kuwait since 1964, company CEO Waleed Al Shareaan said in a press conference on Thursday. Mabanee’s business represents one-third of the overall market value of the …
The deal’s total cost amounted to $600 million
6 May 09:38 AM Home Alone 2 hotel sold to Dubai, Saudi, US investors for $600m
Dubai – Mubasher: Shahal Khan, founder of Dubai-based family office White City Ventures, and Kamran Hakim, founder of New York landlord Hakim Organization, announced plans to buy century-old Plaza Hotel. Opened 111 years ago, Plaza Hotel is …