News / Investment

Bahrain’s Q1 Real Estate Transactions Hit $641 mn

Bahrain has announced that the real estate transactions during the first quarter of 2023 hit BD243 mn ($641 mn), down 17% compared to last year, reported BNA citing the kingdom's Survey & Land Registration Bureau.

Blackstone Raises $30.4 bn for Real Estate Fund

Blackstone Inc raises $30.4 bn for its latest global real estate fund as the private equity behemoth looks to double down on the industry, Invest-Gate reports.

Paragon Developments Inks MoU to Market Projects in UK, GCC

Paragon Developments signs a memorandum of understanding with Adeer International to market the former's real estate products in the UK and Gulf countries, Invest-Gate reports.

Cundall Consortium Seals Oman Smart City Deal

Leading global engineering and design consultancy, Cundall announces that it has been selected as part of the international consortium to design and deliver the master plan for Salalah Smart City in Oman.

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.

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