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REAL ESTATE

Will private debt fund Gulf's next property boom?

May 24, 2018

Will private debt fund Gulf's next property boom?

The next decade is expected to witness a major growth in private debt as an alternative to commercial bank lending in the Gulf, with diversified capital sources set to boost development of the real estate market, according to a new report.

The report by JLL in conjunction with Clifford Chance said that despite continued growth"... Continue Reading

More private debt will fund Middle East real estate in a decade

May 24, 2018

More private debt will fund Middle East real estate in a decade

The next decade will most likely witness a major growth in private debt for the Middle East real estate market instead of commercial bank lending, according to a report released by JLL in conjunction with Clifford Chance.

Key sources of private debt include public and private pension funds, foundations, endowments and insurance companies. There has been a major growth in the size of the global"... Continue Reading

GCC investors eyeing London luxury apartment

May 23, 2018

GCC investors eyeing London luxury apartment

British luxury estate agency Kay & Co is offering GCC investors a rare opportunity to own a $20 million apartment in one of the most premium and desirable Hyde Park Gardens projects in London, UK.

This property in one of London’s most established residential addresses, has been launched just as areas of prime central London return to positive growth. The stylish, five-bedroom apartment,"... Continue Reading

75 per cent of structural works complete at Boulevard Tower real estate project

May 23, 2018

75 per cent of structural works complete at Boulevard Tower real estate project

Boulevard Tower, one of Oman’s upcoming premier real estate projects, has reported strong progress in construction, with 75 per cent of structural works now complete.

Comprising commercial and residential properties that are set to redefine luxury living in Oman, Boulevard Tower is now undertaking key infrastructural works"... Continue Reading

Seven Tides unveils $354m Jumeirah mixed-use tower

May 23, 2018

Seven Tides unveils $354m Jumeirah mixed-use tower

UAE-headquartered upscale residential, hospitality and commercial property developer Seven Tides has announced the launch of Se7en City JLT, its first mixed-use development at Jumeirah Lakes Towers in Dubai.

The Se7en City JLT, being developed at an estimated cost of Dh1.3 billion ($354 million), will house 2,635 residential units. Around 15 per cent of the project has already been completed"... Continue Reading

Kuwait: Al-Ahlia inaugurates 16,000sqm MAN trucks facility

May 23, 2018

Kuwait: Al-Ahlia inaugurates 16,000sqm MAN trucks facility

Al-Ahlia Heavy Vehicles Selling & Import Co, the exclusive importer of MAN Truck & Bus in Kuwait, inaugurated today the newest facility for MAN trucks in the Middle East located in the heart of the commercial business district of Kuwait, covering an area of over 16,000sqm.

The opening was attended by Ali Mohammed Thunyan"... Continue Reading

Global flat glass market to top $130bn by 2024

May 22, 2018

Global flat glass market to top $130bn by 2024

The market for Flat Glass, which is extensively used in construction industry replacing conventional bricks, wood and stone, is poised for solid growth with its sales likely to surpass the $130-billion mark by 2024, said a report.

The positive outlook towards growth in infrastructural spending for building airports and residential buildings coupled with strict amendments regarding use of eco-friendly"... Continue Reading

Tamdeen breaks ground on $824m Kuwait waterfront project

May 22, 2018

Tamdeen breaks ground on $824m Kuwait waterfront project

Kuwait’s leading property developer Tamdeen Group has broken ground on its KD250-million ($824 million) Al Khiran Project, The New Pulse of Kuwait, located in the heart of Sabah Al Ahmad Sea City.

Spanning 116,000 sq m upon completion, The New Pulse of Kuwait will strengthen Kuwait’s position as a regional shopping, entertainment and conservative tourism destination, said a statement"... Continue Reading

Dewa seeks consultants for water reservoir project

May 19, 2018

Dewa seeks consultants for water reservoir project

Dubai Electricity and Water Authority (Dewa) has invited tenders from leading consultancy services for the design and construction of a 30-million-gallon water reservoir in the Hatta region of the emirate.

Dubai's government utility had early this year awarded a consultancy contract worth Dh6.3 million ($1.7 million) for the designing and construction of two water reservoirs in the emirate.... Continue Reading

Grand Mall opens 52nd outlet in Musallah, Sharjah

May 19, 2018

Grand Mall opens 52nd outlet in Musallah, Sharjah

Grand Hypermarket, a retail group under the Regency Group opened its 52nd outlet Grand Mall, Mussalla, Sharjah. The inauguration was done by Ruler office chairman, Sheikh Salem Bin Abdul Rahman Al Qasimi in the presence of Sheikh Mohammed bin Abdullah Al Qasimi, Sheikh Abdullah bin Mohammed Khalid Ahmed Al Qasimi, Sultan Al Shamsi, Indian actor Suniel Shetty, DM Health care CMD Padmasree Dr. Azad Moopan,"... Continue Reading

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