Real Estate MENA Edition
Latest News
National Shooting’s losses more than septuple in 2019
The negative 2019 results are ascribed to a rise in changes in the fair value (FV) for properties under development
Tenants at Kuwait's Al Kout Mall, Souq Al Kout exempt from rent during lockdown
In addition, the tenants will be granted a temporary rent reduction by 40% starting from the reopening date until 31 December 2020
Emaar Misr supports Egypt's government to confront COVID-19
Emaar Misr Developments announced a donation of $2.5mln to Misr El Kheir Foundation
Aldar institutions to slash schools fees by 20%
Aldar will also launch 'All In This Together’ fund to support families impacted by the current circumstances
Arabtec's Target Engineering wins $57mln Abu Dhabi construction projects
Target’s scope of work includes the construction of a 19-storey commercial tower with a total built up area of 27,000 sq m.
HCCD adheres Heliopolis Housing's new board to set strategic plan
HELI sold 7-acre land plots in the ninth district, New Heliopolis
Probe into real estate ‘stagnation’ in Bahrain extended
MPs have called for the committee to be suspended due to the Covid-19 crisis
Saudi’s Amlak International achieves 14.5% net income growth for FY19
Revenue grew by 11%
El Arabia for Land Reclamation sell its land in Aswan
The purchaser will pay the land value into two tranches
Al Arabiya Real Estate turns profitable in FY19
The positive 2019 results were backed by a partial refund of provisions for previous years
Insights
Saudi housing sector flourishes thanks to Vision 2030
Saudi Arabia's goal is to raise household ownership to 70% of the population by 2030