First Avenue for Real Estate Development has announced that its consortium has signed a framework agreement with the Royal Commission for Makkah City and Holy Sites and Jadwa Investment Company for the development of Eastern Hindawiyah, its flagship project in Makkah city.
Saudi Arabia's Real Estate General Authority (REGA) has announced the opening of applications for foreign real estate ownership through its Saudi Properties portal. This is the official portal for the Foreign Real Estate Ownership Law, following its coming into force from January.
UAE-based fäm Properties has announced that it has facilitated the sale of 40,000 sq ft of office space at Vision Tower in Business Bay for a record AED124 million ($33.8 million). It is the biggest commercial real estate deal of its kind recorded in Dubai.
MERED, a leading real estate developer, has achieved a major safety milestone by clocking 3 million safe man-hours without a lost time injury (LTI) at its ICONIC Residences Design by Pininfarina. The 66-storey tower continues to rise at an impressive pace, with it now reaching Level 31.
Marjan Group, a key real estate developer in UAE, has announced that it has retained its EarthCheck Silver Certification for 2024, thus strengthening its role in shaping sustainable, future-ready destinations, through responsible development, environmental stewardship and long-term value creation across Ras Al Khaimah.
Periods of market transition often place greater emphasis on independent advice and disciplined decision-making and independent valuation and technical due diligence are increasingly important in complex restructuring, real estate, refinancing, and recovery situations, said a key industry expert.
The Middle East retail real estate industry leaders are set to rethink the operating models as the forces reshaping the retail sector are converging faster than most operators recognise, said an industry expert, addding traditional space-centric models are no longer sufficient for what lies ahead.
AMIS GPD Development, one of Dubai's fastest-growing real estate developers, has broken ground on its sixth project in less than two years, with the commencement of construction on Fleurs de Jardin, its landmark branded villa community created in partnership with high jewellery, high watchmaking brand, Jacob & Co. in Meydan District 11.
King Abdullah Financial District Development and Management Company said it has signed an agreement with Osool Integrated Real Estate Company that will see the duo work together to identify and execute potential investment opportunities across its portfolio of development projects.
Ellington Properties, a leading design-led real estate group, has announced the launch of its newest residential development, Everly Place, located at Meydan Horizon in Dubai featuring 209 residences across a curated mix of one - to three-bedroom apartments overlooking the crystal lagoon.
