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REAL ESTATE

Building permits drop 54% during 1st quarter of 2019June 20, 2019

Amman, June 19 (Petra) -- Building permits fell by 54.7 per cent in the first quarter of 2019 compared with the same months of last year, according to a Department of Statistics’ (DoS) monthly report.

According to figures, buildings licensed in the first quarter of this year accounted for 2,222 thousand square meters, compared with 4,908 thousand square meters during the same period of 2018.

Residential buildings accounted for 1,707 square meters of the total licensed areas, compared with 3,576"...

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Geri Horner Test Drives RockStar Suites aboard Virgin Voyages’ Scarlet LadyJune 20, 2019

  • Exclusive partnership with Virgin Voyages sees Geri Horner give RockStar seal of approval on the ship’s Mega RockStar Suites
  • The brand expands offerings for Mega RockStar Suite Sailors
  • Lavish Mega RockStar Suites package will now include a dedicated hair and makeup crew, unlimited beverages, personalized in-room bar and more

Virgin Voyages is upping the game for its top suites aboard the highly anticipated Scarlet Lady, with new offerings to ensure that Mega RockStars won’t"...

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MagicStay Raises €3 Million to Accelerate Its International DevelopmentJune 18, 2019

The apartment rental platform dedicated to business travelers, MagicStay.com, announces its full integration into the main business travel booking tools and a €3 million A-series to pursue its development, bringing the amounts raised to more than €8 million since its launch in 2013. This fundraising will allow us to recruit talent to accelerate our growth. We want to sign a quarter of the major French companies and approach one million homes before the end of the year, thanks to the exclusive technologies we now have at our disposal, says Valéry Linÿer, CEO and co-founder, who adds: We have four main advantages over our competitors: we meet the challenges of duty of care, we are able to customize our tool to meet the constraints of each large company for short and long stays, we have 24/7 customer service with quality processes and traveler support and we are the only......

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Construction contractors lock horns with energy, labour ministriesJune 17, 2019

AMMAN — The Jordanian Construction Contractors Association (JCCA) has voiced its “distress” with the ministries of energy and labour, claiming that they were a “main factor” in the sector’s 40 per cent trade volume drop last year.

The association’s president, Ahmed Yacoub, told The Jordan Times that the Ministry of Energy and Mineral Resources has “handed over construction grants for projects in Mafraq,"...

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Pantheon Development wins ‘Best Affordable Luxury Property” award by Arabian BusinessJune 17, 2019

Pantheon Development was honoured as the “Best Affordable Luxury Property” during the prestigious Arabian Business Real Estate Awards 2019 at Le Royal Meridien Beach Resort & Spa on Sunday evening.

Pantheon Development, a subsidiary of Pantheon Group, is an emerging brand in the affordable luxury segment within Dubai’s real estate market. The developer has completed and handed over its first affordable luxury project Pantheon"...

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Housing units for underprivileged families in Madaba, Theeban almost done May 28, 2019

AMMAN — Preparations for the handover of 25 housing units to underprivileged families in Madaba and Theeban, as part of a Royal Initiative, are under way, according to a Social Development Department statement carried by the Jordan News Agency, Petra, on Monday.

Madaba Social Development Department Director Omar Rabta said that 10 new housing units for underprivileged families in Madaba are complete and will be delivered within the next few"...

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