Ithmaar Development Company (IDC), a specialised company in the development and management of major development, real estate and other infrastructure projects, and a wholly-owned subsidiary of Ithmaar Group, has appointed Nayef Nasser Alnasser as a Managing Director of IDC, succeeding Mohammed Khalil Alsayed.
Emirates Developments has announced the signing of a landmark agreement with Jumeirah, a member of Dubai Holding, to develop Jumeirah Residences Al Maryah Island – a new expression of elevated living featuring 253 apartments in the range of one-to-five-bedroom units and other amenities.
Dubai-based Avenew Development has awarded the main construction contract for Avenew 888, its flagship residential development in Dubai South, to Al Masaood National General Contracting.
Dubai-based Mashriq Elite Real Estate Developments is set to release over 1,200 units in Dubai’s surging residential property market in the next two years, with anticipated handover of 380 apartments in the Q4 alone this year across its projects in Arjan and Discovery Gardens.
Vennre, the private markets investment platform headquartered in Riyadh and London, has announced its first Saudi real estate deal through a regulated development fund within the Masar project in Makkah, thus marking a milestone in the firm’s expansion within the kingdom.
Dar Global, a major real estate developer, has announced the official launch of Trump Plaza Jeddah, thus marking its third collaboration with The Trump Organisation in Saudi Arabia. Valued at over $1 billion, this landmark development is set to redefine luxury urban living in the Saudi city.
