Lebanese Arabian Construction Company acquires Gefinor Center for US$ 100 million
The Gefinor Center has been sold to Lebanese firm Arabian Construction Company (ACC) in a deal estimated to be worth...
Real Estate
Dubai property turns corner heading up
Oxford Business Group (OBG) is claiming that Dubai’s property market has turned a corner, with the residential sector having “posted...
Kurdistan Region of Iraq needs 5,000 new homes a year
Iraqi Kurdistan needs to spend 200 billion dinars ($172 million) a year on homebuilding, an adviser to the housing ministry,...
UAE’s Gulf Capital to inject US$ 267 million in Saudi Arabia’ property market
Abu Dhabi's Gulf Capital will enter Saudi Arabia's real estate market with a US$ 267 million investment plan in the...
Real estate sales in Kuwait rise by 50%
The value of real estate transactions in Kuwait rose by nearly half, year on year in the first three months...
Abu Dhabi’s two largest developers close in on $15bn merger deal
Aldar Properties and Sorouh Real Estate, Abu Dhabi's two largest developers, moved a significant step closer to a US$15 billion...
Real estate in Ras Al Khaimah moves forward
Despite difficult conditions in the real estate market following the global economic downturn during 2009 and 2010, Ras Al Khaimah...
Two new companies to boost Saudi housing sector
The Saudi Ministry of Housing unveiled plans to establish two separate companies to boost the growth of the Kingdom’s housing...
Downtown Beirut has 395 real estate projects totaling 3 million square meters
Solidere sal, the Lebanese Company for the Development and Reconstruction of the Beirut Central District, indicated that a total of...
Sabic to buy land from Dar Al Arkan for US$ 198 million
Saudi Basic Industries Corp (Sabic) is buying part of a residential project from Dar Al Arkan for US$ 198 million,...
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