All posts tagged "Property development"
-
ConsultantBahrain’s Investcorp acquires 11 US properties for $370mn
Investcorp, a Bahrain-based global provider and manager of alternative investment products, has announced that it has acquired 11 new US multifamily properties for a combined purchase price of $370 million. In a statement, the company said that the portfolio, which...
-
InterviewsEagle Hills CEO: UAE real estate becoming more affordable
The UAE’s real estate sector is undergoing a transformation as it adapts to the demands and preferences of investors and buyers, the chief executive officer of Eagle Hills, the Abu Dhabi-based private real estate investment and development company, has said....
-
ConstructionDLD: Dubai real estate transactions reached more than $9.25bn in first five months of 2019
The total value of real estate transactions in Dubai reached more than $9.25 billion during the first five months of 2019, marking a 33% increase from the $6.53 billion recorded last year, data from Dubai Land Department (DLD) has revealed....
-
ConstructionSouth Korean firm Ssangyong E&C bags $168mn Wasl tower contract
Ssangyong Engineering and Construction (Ssangyong E&C) announced, that it had won a contract worth $168 million from UAE-based wasl Asset Management Group (Wasl). The contract is for the construction of a 44-storey residential building, Dubai 1 Residence, within Wasl’s community...
-
ConstructionDistribution of $925.5mn in housing loans approved by Abu Dhabi leadership
HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Executive Council of the Emirate of Abu Dhabi, has ordered the distribution of the first...
-
ConstructionArada hands over first homes at Nasma Residences development
Arada has begun handing over homes at its Nasma Residences development. The Sharjah-based developer says it began the handover process of phase one in April, with the first keys being handed over on 28 May. Phase one of the development...
-
ConsultantBahrain RERA announces property seller/broker contract
The Bahrain Real Estate Regulatory Authority (RERA) has announced the launch of a property seller/broker contract. The move is designed to improve the efficiency, effectiveness and transparency of the real estate sector, according to the regulatory authority. As per a...
-
ConstructionKaterra wins contract to build homes for disadvantaged families across Saudi Arabia
Offsite construction start-up Katerra has been awarded a contract by the Saudi Ministry of Housing to build 4,101 residential units across the country. The units are being built for the beneficiaries of the Development Housing Initiative in line with the...
-
ConstructionDubai Ruler allocates land for two new Emirati residential communities
HH Sheikh Mohammed bin Rashid Al Maktoum, VP, Prime Minister and Ruler of Dubai, has allocated land for two new residential communities for Emirati citizens, it has been announced. According to a WAM report, Sheikh Mohammed has allocated land in...
-
ConstructionArada secures two syndicated loans worth $272m with Mashreq Bank
Arada, the UAE-based real estate developer, has announced that it has secured two syndicated loans worth a total of $272.2 million with Mashreq Bank, one of the leading financial institutions in the UAE. In a statement, the developer explained that...