REAL ESTATE

Finance minister briefs Cabinet on real estate market August 7, 2017

The Council of Ministers, headed by Prime Minister Hani Mulki, on Sunday listened to a presentation by Finance Minister Omar Malhas on economic indicators related to the real estate market in the Kingdom, which witnessed an increase in apartment sales in July.

Malhas noted that 3,673 apartments were sold during July, adding that this was the “highest” monthly sales in eight months, the Jordan News Agency, Petra, reported.

The"...

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Madison Realty Capital Provides $300.0 Million Construction Loan for Ceruzzi Properties’ Luxury Condo Development at 138 East 50th StreetAugust 4, 2017

(ME NewsWire)-- Ceruzzi Properties (Ceruzzi) and Madison Realty Capital (MRC) announced the closing of a $300 million construction loan for completion of a major mixed-use development at 138 East 50th Street in the Midtown East neighborhood of Manhattan. MRC, an institutionally-backed real estate investment firm focused on real estate equity and debt investments in the middle markets, provided the loan for the project, which Ceruzzi is developing in partnership with SMI USA (SMI)."...

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SELECT GROUP Awards Main Contract for Jumeirah Living Marina GateAugust 1, 2017

UAE based Select Group has appointed ALEC, the multi award winning company for the main works of Jumeirah Living Marina Gate, its flagship waterfront development in Dubai Marina. The current contract valued at AED 600 million brings the total project value for The Residences at Marina Gate to AED 1.6 billion.

Launched in Q1,2017, Jumeirah Living Marina Gate is the third, and last tower within the luxury Marina"...

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RAK Properties Reports Record Half-year ResultsJuly 27, 2017

Leading property development firm RAK Properties PJSC has announced record half year results, with revenues exceeding (AED 211 Million). The reported half-year figures reveal an increase from (AED 39 Million) to (AED 62 Million) in net profits from January to June 2017 – an increase of 59% compared to the same period last year.

The firm, which is listed on the Abu Dhabi Stock Exchange, currently"...

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Arabia CSR Network to host GRI and CSR trainings from Sep to DecJuly 18, 2017

The Arab Region’s leading think tank and sustainability centre Arabia CSR Network will hold a host of trainings in the second half of 2017. Starting with a certified training on GRI Standards in July and a few more of the same in September and December, ACSRN will offer more trainings to build capacity of individuals and organisations in CSR and sustainability. A two-day training on Integrated Reporting will be held in October, an accredited 3 day CSR Advanced course"...

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Eagle Hills Jordan relocates its main offices to Abdali, the new downtown of Amman July 17, 2017

Private real estate development and investment company Eagle Hills Jordan has recently relocated its main offices to Amman’s new central business district of Abdali.

The new offices are located in the podium of the iconic 37-floor building that houses W Amman and The Skyline Residences serviced by W Amman, and are spread across the second and third floors of the building. The office design is based on open-plan layout that works to encourage"...

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