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REAL ESTATE

Serco set to build inclusive, connected, livable cities in GCC

September 16, 2019

Serco set to build inclusive, connected, livable cities in GCC

Leading public services provider Serco Middle East is set to play a key role at the 6th edition of Arab Future Cities Summit 2019 in Dubai where it will discuss construction of inclusive, connected, livable cities in the GCC region.

Serco Middle East is the Silver Sponsor at the two-day annual conference which kicks off tomorrow (September 16) in Jumeirah Emirates Towers Hotel.

"... Continue Reading

Apartment crises and the prosperity of Kuwaities

September 15, 2019

Apartment crises and the prosperity of Kuwaities

It seems that Kuwait is on the threshold of a real-estate bust. Conservative estimates indicate that around 60,000 flats are lying vacant all over Kuwait with no relief in sight for the owners. Expats who make up more than two-thirds of Kuwait’s population and form the main occupants of these flats are being forced out by government policies. So it appears quite likely that these flats will not be"... Continue Reading

Al Zahia Sets a New Benchmark by Launching Exclusive Residential Plots at “Orchid” With Direct Access to the Northern Emirates’ Biggest Mall

September 15, 2019

Al Zahia Sets a New Benchmark by Launching Exclusive Residential Plots at “Orchid” With Direct Access to the Northern Emirates’ Biggest Mall

Sharjah Holding PJSC, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, announced the launch of its newest neighbourhood – Orchid – offering buyers the opportunity to own a limited number of exclusive residential plots, ranging from 5,000 square feet to 12,000 square feet, with ready infrastructure at Sharjah’s premier lifestyle destination. This"... Continue Reading

Ellington signs tower deal with Déjà Vu

September 12, 2019

Ellington signs tower deal with Déjà Vu

Ellington Properties, Dubai’s leading and award-winning design-led boutique developer, has signed a deal valued at Dh150 million ($40.48 million) with leading entrepreneur Abdul Razeq Abdul Ahad, through Déjà Vu Real Estate, a leading real estate brokerage, to build a new residential tower in a central location in Dubai.

"... Continue Reading

Fluor completes project for Equate subsidiary

September 11, 2019

Fluor completes project for Equate subsidiary

Fluor Corporation, a global engineering and construction company, said that it has completed its construction contract for ethylene glycol (EG) manufacturing facility of MEGlobal, a subsidiary of Kuwait's Equate Petrochemical Company.

The 750,000 tonne/year EG unit in Oyster Creek, Texas is the first of its kind in the US for MEGlobal. Fluor’s scope of work on the project included"... Continue Reading

PAHW to allocate 135 housing units By Meshaal Al-Enezi

September 10, 2019

PAHW to allocate 135 housing units By Meshaal Al-Enezi

KUWAIT: The Public Authority for Housing Welfare will be open for allocating 135 housing units in sector N10 of Sabah Al-Ahmed city on Thursday, September 19, 2019 on a special session to be held at its headquarters in south Surra.

Zamzam case
Mohammed Hassan Al-Ajmi, attorney of a company that had been allegedly fined by"... Continue Reading

MAG Development unveils $2.2bn residential projects

September 9, 2019

MAG Development unveils $2.2bn residential projects

MAG Development, the real estate development arm of MAG Holding Group, on Sunday, announced the launch of its massive Dh8-billion ($2.2 billion) residential projects - MAG City, Meydan, Al Furjan Villas and MPL Tower in Jumeirah Lakes Towers - and a comprehensive programme of Dh120 ($33) per day payment option to own a property in Dubai, a move that will boost the company's presence in the emirate's"... Continue Reading

BentallGreenOak Continues Its ESG Leadership With Top Rankings in the 2019 Global Real Estate Sustainability Benchmark (GRESB)

September 9, 2019

BentallGreenOak Continues Its ESG Leadership With Top Rankings in the 2019 Global Real Estate Sustainability Benchmark (GRESB)

BentallGreenOak (BGO) announced today that it has again achieved top global rankings in the 2019 Global Real Estate Sustainability Benchmark (GRESB), continuing the company’s exceptional global leadership position in sustainable investing for the 9th straight year.

The BGO Diversified US Property Fund was ranked 1st in the"... Continue Reading

Housing applications cancelled of Kuwaitis who got divorced, have no kids

September 8, 2019

Housing applications cancelled of Kuwaitis who got divorced, have no kids

The Public Authority for Housing Welfare (PAHW) issued an internal memo to cancel the housing applications of male citizens who got divorced after submitting their applications provided they have no children, reports Al-Qabas daily quoting sources.

Sources explained the authority based its memo on Article Eight of the housing care"... Continue Reading

Kuwait awards $358m contracts for developing Al-Mutlaa Residential City

September 8, 2019

Kuwait awards $358m contracts for developing Al-Mutlaa Residential City

KUWAIT: Kuwait has awarded $358 million worth of contracts for the development of the Al-Mutlaa Residential City, one of the country’s most vital housing projects, reported state news agency Kuna. The establishment, completion, and maintenance contract covers the development works of roads and intersections in the residential project, stated the report. Saudi Arabia’s economy is expected to continue"... Continue Reading

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