Al Khozama Secures Funding From Saudi NCB

• Sunday, 30th October 2016
• by Karim Mohy

Saudi-based developer and property manager Al Khozama Management Company announced on Wednesday it signed a substantial funding agreement over SAR 1.3 bn with the National Commercial Bank (NCB) to finance future projects.

Union Properties Planning New Residential Project in Dubai’s Motor City

• Thursday, 27th October 2016
• by Karim Mohy

Dubai-based developer Union Properties PJSC plans to launch a new $109 mn mixed-use development in its Motor City in Dubai.

Qatar’s Barwa Reports Rise in Q3 2016 Profits

• Thursday, 27th October 2016
• by Karim Mohy

Qatari developer Barwa Real Estate reported a rise of 136.2% in its third quarter net profit, up to QAR 297.4 mn.

Saudi Central Bank Asks Banks to Reschedule Property Loans

• Thursday, 27th October 2016
• by Karim Mohy

Saudi Arabia's central bank SAMA asked local banks to to reschedule property loans of clients affected by the recent cut in government spending.

Dubai to Complete Ratings System for Older Buildings by End of 2017

• Thursday, 27th October 2016
• by Karim Mohy

Dubai will complete its “star ratings system“ appraisal for buildings built before 2010 by the end of 2017.

Dubai’s Cityland Mall to open in 2Q 2018

• Thursday, 27th October 2016
• by Karim Mohy

The Dubai Media Office on Wednesday announced plans for the AED 1.1 bn Cityland Mall project, be developed by Cityland Group, which has previously built the Dubai Miracle Garden and Dubai Butterfly Garden among other developments.

Qatari Developer UDC Records Increase in 3Q 2016 Profit

• Wednesday, 26th October 2016
• by Karim Mohy

Qatari developer United Development Company (UDC) recorded an increase in 3Q 2016 net profit.

Tanmiyat to Handover Court Tower Development in April 2017

• Wednesday, 26th October 2016
• by Karim Mohy

Dubai-based real estate firm Tanmiyat Global announced it would hand over its The Court Tower project in April 2017.

Jabal Omar Records Highest Profit Growth in Its History

• Wednesday, 26th October 2016
• by Karim Mohy

Jabal Omar Development Company (JODC), one of the largest developers listed on the Saudi stock exchange, announced a profit of SAR 691.07 mn for 3Q 2016, according to a statement by the company last Wednesday.

Habtoor to Begin Work on Gate Avenue in Dubai

• Wednesday, 26th October 2016
• by Karim Mohy

Retail development of a $272 million project at the Dubai International Financial Centre (DIFC) will commence soon with a first contract being awarded to Habtoor Leighton Group (HLG).