Real Estate

The firm’s net profits amounted to SAR 44.6 million in the period between April to June
15 July 09:40 AM Arriyadh Development’s profit drops 3% in Q2
Riyadh – Mubasher: Arriyadh Development Company on Sunday posted a 3.04% year-on-year drop in net profits during the second quarter of 2018, in addition to posting a 1.23% profit decrease during the first six months of this year. The firm’s net …
Alwadian is planned to be headquartered in Riyadh
12 July 08:12 PM Al Akaria to launch new SAR 1bn unit
Riyadh – Mubasher: Saudi Real Estate (Al Akaria) has announced that the Ministry of Commerce and Investment has issued a decree permitting the company to incorporate a closed joint stock company under the name of Alwadian Saudi Real Estate …
Jeddah
9 July 07:32 PM Buoyant Saudi entertainment sector bodes well for Jeddah developers – JLL
Riyadh - Mubasher: The flourishing entertainment industry in Jeddah heralds more opportunities for diversified market investments for developers of the Saudi capital, according to Jones Lang LaSalle (JLL). The growth of Jeddah’s entertainment …
Mulkia REIT acquires 4 properties for SAR 67 million
10 June 12:52 PM Mulkia REIT acquires 4 properties for SAR 67m
Riyadh – Mubasher: Mulkia Investment Company, which manages Mulkia Gulf Real Estate REIT, on Sunday announced that its unit holders have approved the acquisition of several properties for a total value of SAR 66.71 million. The properties include …
Saudi Arabia ranked the 51st among 57 states covered by the index
10 June 11:14 AM Saudi real estate market sees negative performance in Q1 – Report
Riyadh – Mubasher: Saudi Arabia’s real estate market saw a negative performance in the first quarter of 2018, after the kingdom’s property prices come among the world’s worst performing, according to Knight Frank’s recent report. Knight Frank's …
Photo Archive
5 June 05:07 PM GCC property sector shrinks slightly in Q1
Mubasher: Recorded real estate sale transactions in the countries of the Gulf Cooperation Council (GCC) declined in the first quarter of 2018, compared with the fourth quarter of last year. The total value of transactions declined by 37.3% in …
Musharaka REIT Fund secures SAR 400m facility from Al Rajhi Bank
31 May 11:57 AM Musharaka REIT Fund secures SAR 400m facility from Al Rajhi Bank
Riyadh – Mubasher: Musharaka REIT Fund has announced signing an agreement with Al Rajhi Bank to obtain an SAR 400 million loan with +1.85% SIBOR cost for six months. The seven-year facility will be compliant with the Islamic sharia, according to a …
MCDC’s operating profits dropped 17.24% to SAR 48 million
28 May 05:17 PM Makkah Construction & Development posts SAR 47m net profit in Q1
Riyadh – Mubasher: Makkah Construction and Development Company (MCDC) reported a 16.07% year-on-year decline in its net profit during the first quarter of the fiscal Hijri year 1439/1440, registering SAR 47 million. MCDC’s operating profits …
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 …
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 …