News / Investment

US Commercial Real Estate Debt Hits $1.5 tn

The investment bank estimates that valuations of retail and office properties could drop 40% from peak to trough, increasing the risk of default.

Minister of Youth and Sports Witnesses Strategic Partnership Announcement Between ZED F.C, Aston Villa

Ashraf Sobhi, Minister of Youth and Sports, witnessed the announcement of ZED’s F.C partnership agreement with the English club Aston Villa to benefit from their sports and administrative experiences that reach nearly 150 years, to develop the level of coaches and players in ZED, and providing an opportunity for outstanding talents to be international players in addition to preparing administrative cadres that contribute to the advancement of Egyptian sports.

Elaf, Kinan Seals Madinah Hotel Project Deal

The agreement worth AED220 mn ($60 mn) is for implementing 230 rooms and suites in line with the highest standards set out by the Ministry of Tourism and to the taste of the visiting pilgrims to Madinah. The project is set for completion in the first quarter of 2025.

Dubai Sets to Launch Baccarat Residences Project

Unveiling the project, Luxhabitat Sotheby’s said it would boast 49 ultra-luxury apartments, with two- to five-bedroom units across 24 floors. The Baccarat Residences will reflect the calibre of this legendary brand, which is adept at exceeding the expectations of the world’s most discerning connoisseurs.

Azizi’s Riviera Work with Full Power; Phases 1,2,3 Nearing Completion

With 30 buildings already completed, totalling approximately 6,000 units, the rest of phases 1, 2, and 3 will be finished within the coming months.

NHC’s residential projects in Riyadh, Jeddah are 90% Sold Out

The National Housing Company (NHC), the investment arm of the Ministry of Housing – Saudi Arabia, launched Ruwaa and Maylaa projects to enhance its response to the increasing demand for housing in the kingdom, especially in the big cities.

Dubai Real Estate Luxury Sales Continue to Set Records

Dubai's real estate market stands out, specifically, townhouse apartments that have "Four Seasons", "Bulgari", and "Cavali" brand names, as a destination for the world's rich looking for places to save their wealth.

Dolce & Gabbana Plans U.S., Spain, Maldives Real Estate Projects

The Italian fashion group Dolce & Gabbana said it would enter the real estate sector, with two residential schemes in the United States and Spain and a hospitality project in the Maldives, Invest-Gate reports.

DAMAC launches Canal Heights 2 on Dubai Canal

Located on the shores of Dubai Canal in the heart of Business Bay, Canal Heights 2 will embody the essence of blue topaz in its interiors, co-branded by Swiss jeweller de GRISOGONO.

Etqan Closes Deal with Incomercial to Develop Egyptian Real Estate Sector

The deal was signed by Bassem El-Sherbiny, CEO of Etqan, and Mohamed Shehata, Head of the Commercial and Retail Department, in the presence of leaders of the two companies, including Ahmed Abdelaziz, financial advisor at Itqan, Mahmoud Al-Qadi, head of the marketing sector, Co-founders of Incomercial Tariq Beltagy, Mohamed Mohieldin, and Mohamed Shehata and Mazen Salem.

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