The United Arab Emirates has signed a cooperation agreement with the State of Hungary worth $7 bn, Invest-Gate reports.
The UAE construction market, which was estimated to be worth $94 bn in 2023, is projected to experience a 3 percent annual average growth rate (AAGR) from 2025 to 2028, Invest-Gate reports.
The leading real estate company, IL Cazar Developments, has launched its latest residential venture, The Crest, Invest-Gate reports.
The real estate sector in Abu Dhabi has witnessed significant growth since the beginning of the current year, 2024. Property transactions in the emirate reached around AED11.6 bn in the first two months, with 3593 sales and mortgage transactions executed, Invest-Gate reports.
Hassan Allam Holding, a prominent group in construction, engineering, and investment and development, with its headquarters in Cairo, Egypt, has announced the inauguration of its regional headquarters in Saudi Arabia, Invest-Gate reports.
As part of its strategy to become a market leader in integrated commercial and service facilities in the real estate sector, Space Tank, a company specializing in managing commercial centers and service facilities, has entered into a contract with Sky Abu Dhabi Real Estate Development Company, Invest-Gate reports.
Magic Land Al-Hokair, owned by the leading Abdulmohsen Al-Hokair Group in the tourism and development sector, has launched the Tanza project in cooperation with the Egyptian Media Production City company on a usufruct basis, Invest-Gate reports.
Sumou Holding, a Saudi real estate company, and Hassan Allam Properties, an Egyptian real estate developer, signed a MoU to establish a joint venture company in Saudi Arabia, Invest-Gate reports.
Emaar Properties, the global leader in real estate development, has announced the launch of two significant new projects: The Heights Country Club in Dubai and the Grand Club Resort adjacent to The Oasis project, Invest-Gate reports.
His Majesty King Hamad bin Isa Al Khalifa received Emirati businessman Mohamed Alabbar, Chairman of Eagle Hills, during the inauguration of Marassi Galleria at Marassi Al Bahrain and the launch of Binaa Al Bahrain company, Invest-Gate reports.