Thursday 31 July 2014
 
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land deal

Kingdom completes $80m land sale

  Saudi Arabia's Kingdom Holding , the investment vehicle owned by billionaire Prince Alwaleed bin Talal, has sold a plot of land east of the Saudi capital to Subul Development Co, a bourse filing said on Sunday.

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Talaat Mostafa land deal valid: court

Developer Talaat Mostafa Group's land contract for its Madinaty project is valid, an Egyptian court ruled on Tuesday, signalling an end to a long-running legal battle over the $3 billion scheme. The development of shops, homes, hotels

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Palm Hills to appeal land sale verdict

Egyptian property developer Palm Hills said on Wednesday it planned to appeal against a court verdict scrapping a sale of state land to the company. The verdict on Tuesday piled more pressure on the company, which has seen its share price

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Palm Hills sees Egypt land deal revamp soon

Egyptian real estate company Palm Hills Developments expects the country will revamp its land allocation laws by end-March in a push to contain a spate of lawsuits against state land deals, its chief said. Palm Hills, Egypt's second bigges

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Egypt approves plan to end TMG land dispute

Egypt's government said on Sunday it had approved a legal committee's plan to resolve a land row around the country's biggest listed developer's flagship project. The state would scrap the original contract for Talaat Moustafa Group's (TM

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Madinaty case ruling set for Sept 14

Egypt's High Administrative Court delayed a ruling on the appeal of Talaat Moustafa Group's (TMG) Madinaty land deal case until Sept. 14, the presiding judge said on Tuesday.    A lower court ruled in June that the New Urba

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Egyptian court scraps Talaat Moustafa land deal

A court ruled on Tuesday to scrap a contract to sell land to Egyptian developer Talaat Moustafa Group for its mixed-use Medinaty project on the outskirts of Cairo. There had been reports the land was subject to a legal dispute over the ter

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Shuaa's Saudi unit buys land for $130m hotel

Shuua Capital Saudi Arabia said its hospitality fund has bought land in Jeddah for a hotel development worth more than $130 million, in a deal that marked the first ever land acquisition by a hospitality fund in the kingdom. The acquired p

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Damac quits Malaysia land deal

Dubai-based developer Damac Properties has confirmed that it would not complete a Malaysia land deal with UEM Land due to the financial crisis, and would focus on projects already under construction. The news follows a statement from UEM o

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Emaar shares soar after dropping Dubai land deal

Shares of Emaar Properties made their sharpest one-day gain in 15 months on Sunday after the largest Arab developer by market value abandoned a deal to buy government land in exchange for stock. The stock rallied 6.8 percent to its highest

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