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REAL ESTATE

‘Allowing expats to own real estate will reflect positively’

January 17, 2018

Chairman of Kuwait Real Estate Union Faisal Al-Sharhan says the instructions of the Central Bank of Kuwait to local banks to reduce the number of mortgage properties in the banking sector will raise the supply in the real estate market, reports Aljarida daily.

He indicated that the rental values will be affected by the increase"... Continue Reading

Thyssenkrupp celebrates 125 years of escalators

January 16, 2018

Thyssenkrupp, one of the world's leading elevator companies, is celebrating the 125-year anniversary of the escalator.

The world’s first escalator was put into operation on January 16, 1893 in New York – as a so-called “incline elevator.”

In Hamburg, thyssenkrupp runs the only escalator production plant in Germany.

Imagine a world where dreams"... Continue Reading

CBRE named advisor for UAE’s first medical mall

January 16, 2018

CBRE, a global real estate consulting firm, has been appointed as the exclusive advisor for the UAE’s first high-rise medical mall at Khalifa City, Abu Dhabi.

The firm was selected to support with leasing and ongoing retail consultancy before and during the operation of Al Falah Healthcare’s project ‘The Medical Mall.’

A first-of-its-kind in the region to"... Continue Reading

Allowing expats to own real estate will reflect positively’

January 16, 2018

Chairman of Kuwait Real Estate Union Faisal Al-Sharhan says the instructions of the Central Bank of Kuwait to local banks to reduce the number of mortgage properties in the banking sector will raise the supply in the real estate market, reports Aljarida daily.

He indicated that the rental values will be affected by the increase"... Continue Reading

Construction to begin on Rotana's new Dubai property

January 15, 2018

Rotana's new Dubai property, Sabah Rotana, has received approval to begin construction by the Department of Tourism and Commerce Marketing (DTCM).

The property will be established under the category rating of 'five-star' and 'tourism property'.

Sabah Rotana, a premium property, is a collaboration between accomplished property developers, RSG Properties and Rotana,"... Continue Reading

Azizi to start work on key phases of $3.2bn Dubai project

January 15, 2018

Azizi Developments, a leading developer in the UAE, said the work is set to start next month on the third and fourth phases of its Dh12-billion ($3.26 billion) water-front development, Azizi Riviera, coming up near Dubai Water Canal.

Inspired by the French Riviera, the Azizi project is collectively made up of 69 mid-rise residential buildings comprising studio, one- and two-bedroom apartments,"... Continue Reading

Housing Min.: open door policy with citizens to last

January 14, 2018

Minister of State for Housing Affairs and Minister of State for Services Affairs Dr. Jenan Boushehri on Saturday said that the open door policy with citizens would be permanent in all affiliated bodies.
Boushehri today met with a number of citizens at the Public Authority for Housing Welfare (PAHW).
She said in a press release that they seek"... Continue Reading

Sabah Rotana Receives Preliminary Approval by the DTCM for Construction of a 5-Star Touristic Hotel/Hotel Apartments

January 14, 2018

Sabah Rotana Receives Preliminary Approval by the DTCM for Construction of a 5-Star Touristic Hotel/Hotel Apartments

Sabah Rotana has been granted approval to begin its construction of a hotel establishment under category rating of 5-star and Tourism property by the Department of Tourism and Commerce Marketing (DTCM). Sabah Rotana, a premium property, is a collaboration between accomplished property developers, RSG Properties and Rotana, one of the leading hotel management companies in the region with hotels across the"... Continue Reading

Grundfos hosts key summit on water desalination

January 13, 2018

Grundfos, the award-winning world leader in advanced pump solutions based in Denmark, recently organised a forum in Riyadh, Saudi Arabia which saw major industry experts discussing issues related to water desalination and promoting health and safety regulations for drinking.

The event titled 'Water Desalination – Bromate Even' was aimed at promoting health and safety regulations"... Continue Reading

GCC-backed firm becomes big UK student homes owner

January 11, 2018

International investment firm Arlington, which represents Saudi and Kuwaiti investors, has become the seventh largest owner of student accommodation units in the UK after acquiring the operating portfolio of Russell Group university accommodation provider Study Inn.

The"... Continue Reading

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