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Issue No 343 - June 13, 2011
Jeddah real estate market 'booming'
The real estate market in Jeddah is booming thanks to Saudi government’s recent SR500 billion ($133.3 billion) financial stimulus package and massive public sector infrastructure investments, according to property expert Jones Lang LaSalle (JLL).
Emaar wins Cityscape award for Jeddah project
Property developer Emaar Middle East has won the ‘Commercial, Office & Retail Project Award - Future’ for its Jeddah Gate development at Cityscape Jeddah 2011, the premier property expo.
Al Mazaya on track to deliver major projects
Al Mazaya Holding is continuing to make strides in its plan to complete and deliver all its current real estate projects despite challenges related to both the real estate markets and investors. more
$1.6bn Dilmunia project on track
Bahrain's Ithmaar Development Company (IDC) has announced the completion of the preliminary development phase of its flagship Dilmunia project. more
Abraaj mulls property fund hike to $250m
Dubai-based Abraaj Capital is looking to more-than-double a regional real estate fund to $250 million this year and is eyeing investments in Saudi Arabia's construction sector, its Principal said on Saturday. more
Nakheel gets over 98pc approval to restructure
Indebted real estate developer Nakheel said it had secured over 98 per cent, or near unanimous, approval for its $10.9 billion debt restructuring plan from banks. more