Tag: realestate

  • Dubai Investments in process to establish AED 2bn real estate fund

    Dubai Investments in process to establish AED 2bn real estate fund

    Dubai Investments, listed on the Dubai Financial Market (DFM), announced that it is still in the process to obtain the final licenses from the Securities Commodities Authority (SCA) to establish a real estate fund valued at AED 2 billion, according to a bourse filing. In April, managing director and CEO of Dubai Investments Khalid bin […]

  • Deyaar launches utilities management venture

    Deyaar launches utilities management venture

    Deyaar Development, a Dubai-based leading property developer, announced it has extended its business portfolio with the launch of Nationwide Management LLC. The new company will work on supplying, managing, and retrofitting of utilities across a number of projects, according to a press release. Nationwide currently serves 21 projects and delivers them premium solutions including chilled […]

  • Khidmah wins 14 facilities management contracts across UAE

    Khidmah wins 14 facilities management contracts across UAE

    Khidmah, a leading facilities management and maintenance company in the region, revealed that it has been awarded 14 new contracts in Abu Dhabi, Dubai, Sharjah, and Ras Al Khaimah following a highly competitive bid process. In Abu Dhabi, Khidmah has won five contracts from Aldar Properties in Al Saadiyat Island, according to a press release. […]

  • Cairo Investment uses EUR 25m loan to set up new university

    Cairo Investment uses EUR 25m loan to set up new university

    Cairo For Investment and Real Estate Development announced that the EUR 25 million loan from the European Bank for Reconstruction and Development (EBRD) will be used to finance 50% of the construction cost of a new university in west Assiut. In addition, about 30% of the loan will be directed to finance planting green spaces […]

  • SEDCO Capital to distribute SAR 9.9m dividends for Q3-19

    SEDCO Capital to distribute SAR 9.9m dividends for Q3-19

    The Saudi Economic and Development Securities Company (SEDCO Capital) will distribute a total value of SAR 9.900 million worth of cash dividends to SEDCO Capital REIT Fund unitholders for the period from 1 July 2019 to 30 September 2019. Based on 60 million existing units, the distribution’s value amounts to SAR 0.165 per unit, equivalent […]

  • Mountain View unveils Office Park project with EGP 8B expected sales

    Mountain View unveils Office Park project with EGP 8B expected sales

    Egypt’s developer Mountain View is launching the co-develop project Office Park on 100 feddan this month, according to Amr Soliman, chairperson and founder of Mountain View-DMG. Soliman told Daily News Egypt that the company is targeting EGP 8bn in sales for the project which will be established over four years. Soliman elaborated that the project […]

  • Talaat Moustafa Group mulls obtaining 500-feddan land in west Assiut

    Talaat Moustafa Group mulls obtaining 500-feddan land in west Assiut

    Talaat Moustafa Group Holding (TMG Holding) currently considers obtaining a land plot in Nasser City in west Assiut through direct allocation to set up a comprehensive urban project, head of Nasser City Authority Yasser Abdullah told Mubasher. Nasser City Authority offered TMG Holding a land plot covering an area of 280 feddans, but the real […]

  • Firms invited to prequalify for Heliopolis Housing’s management

    Firms invited to prequalify for Heliopolis Housing’s management

    Heliopolis Company for Housing and Development has invited equity firms and alliances comprised of equity firms or real estate development companies to prequalify for the management of the real estate firm. Afterwards, prequalified bidders will be asked to submit their financial and technical offers to be reviewed, the company said in a statement to the […]

  • Union Properties’ chairman withdraws resignation

    Union Properties’ chairman withdraws resignation

    Union Properties, a leading developer in the UAE, announced on Monday the chairman Nasser Bin Butti Bin Omair Bin Yousuf has withdrawn his resignation decision. Bin Butti will maintain its tasks as Union Properties’ chairman until the end of his term in April 2020, according to a press release. The chairman’s decision has been welcomed […]

  • Emaar Properties lists $500m sukuk on Nasdaq Dubai

    Emaar Properties lists $500m sukuk on Nasdaq Dubai

    Emaar Properties on Monday announced it has listed a $500 million sukuk on the Nasdaq Dubai with the company’s chairman Mohamed Alabbar celebrating the listing by ringing the exchange’s opening bell. The 10-year sukuk, which is part of Emaar’s $2 billion bond issuance programme, has an annual return rate of 3.875%, according to a press […]