Sunday 21 April 2019

IHG in deal with Bin Faqeeh for new hotel in Bahrain

Hospitality giant InterContinental Hotels Group (IHG) has signed a partnership deal with Bahrain-based real estate developer Bin Faqeeh Real Estate Investment Company to open the first Staybridge Suites hotel in Bahrain. Expected to open in January 2020, the 128-room Staybridge S


Qatar kicks off work on first cable-stayed bridge

Qatar’s Public Works Authority (Ashghal) has started the construction of the first Cable-Stayed Bridge in Qatar and the conversion of Haloul Roundabout into a two-level interchange on Sabah Al-Ahmad Corridor project. The 1,200-meter long new bridge extends prior to Haloul R


RAK Properties signs $136m deal for villas project

RAK Properties, one of the UAE’s leading property developers, has signed a construction, infrastructure and landscape work contract with Al Ali Construction &Development for its Dh500 million ($136 million) villas project. Situated in the prestigious Hayat Island Ras Al


Real estate crowdfunding MoU signed at Cityscape

The Department of Urban Planning and Municipalities has signed a memorandum of understanding (MoU) with Smart Crowd Holdings, a real estate crowdfunding platform, to encourage the private sector to participate in Abu Dhabi’s real estate market at Cityscape Abu Dhabi. The ag


Procurement experts gear up for top Mideast expo

Leading procurement experts from across the region will be in Bahrain for a major event to be held this week which will explore new technologies and digital transformation in this sector.   The region’s most influential gathering of procurement leaders, Pr


Naseej to showcase Canal View project at Bahrain expo

Naseej, one of Bahrain’s leading real estate developers, will be showcasing its prime development project CanalView, at the upcoming Gulf Property Show 2019.   The Northern Gulf’s “Window to Real Estate” is the boutique annual showcase he


Egyptian firms launch new real estate finance company

Three of Egypt’s leading firms - EFG Hermes, Talaat Mostafa Group and GB Capital - has launched a real estate finance company.    The new partnership will offer long-term and competitive mortgages for new move-in homes, increasing affordability and su


UAQ launches ‘Tolerance Neighbourhood Project’

Sheikh Majid bin Saud bin Rashid Al Mu’alla, Chairman of the Department of Tourism and Antiquities in Umm Al Qaiwain and Chairman of the Board of Trustees of the Saud bin Rashid Al Mu'alla Charity and Humanitarian Foundation, has launched the "Tolerance Neighborhood Project"


Oman housing plot allotment down 35.6pc in March

Oman has allotted a total of 6,481 residential plots across the sultanate till the end of March with the governorate of A'Dakhiliyah getting the lion's share of 1,906 housing plots in the sultanate, said a report, reported Oman News Agency. However, these figures


Sharjah, Ajman 'affordable alternatives for investors'

The northern emirates of Sharjah and Ajman remain affordable alternatives for buying and renting of properties in the UAE, said a report by UAE-based real estate portal Bayut. Prices have dropped on average across popular districts for both these emirate, but ROI has remained hig

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