GFH acquires roebuck, a specialised logistics & real estate asset manager in the UK
GFH Financial Group has announced it has acquired a majority stake in Roebuck Asset Management, UK (Roebuck), a UK and…
Property & Real Estate
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Al Mal Capital's REIT raises $95.3mln in IPO ahead of Dubai listing
Asset management firm Al Mal Capital has raised 350 million dirhams ($95.29 million) from the initial public offering (IPO) of…
Dubai's Al Mal Capital raises Dh350m for its IPO in turbulent times
Dubai's first IPO (initial public offering) in some time, Al Mal Capital, raised Dh350 million for its real estate investment…
Dubai property prices decline by 0.9%, rents fall by 6.9% in Q3 – central bank
Residential property prices in Dubai declined on average by 0.9 percent year-on-year (Y-o-Y) in the third quarter of 2020, the…
New fintech startup offers chance to jump on property ladder from $544
A new Dubai real estate fintech startup, which is being backed by a Saudi national, is aiming to offer investors…
Azizi Developments records sale of 315 retail units worth AED 458.68m
Azizi Developments has noted a substantial surge in demand for its retail units across projects in the fourth quarter of…
King Abdullah Economic City signs a financing agreement with SABB
King Abdullah Economic City has announced the signing of a cooperation agreement with the Saudi British Bank (SABB), which aims…
Signs of cracks for Dubai’s property sector in 2020, before a 2021 reprieve
The tell-tell signs of stress are present in Dubai’s building and construction sector affecting property sales and inflating material prices,…
UAE billionaire Hussain Sajwani, family still own over 85% of firm, DAMAC clarifies
Dubai’s real estate developer DAMAC Properties clarified on Wednesday that only a small portion of the company’s shares are owned…
Dubai's Arabtec starts process for insolvent liquidation
Dubai builder Arabtec has started the liquidation process that will see the construction firm cease operations after several decades in…
Saudi Arabia to supply more housing units to support needy families in 2021, says finance ministry
The Kingdom’s housing targets for 2021 include continuing to pump more units from off-plan sales to the beneficiaries of Sakani…
Saudi banks remain resilient amid pandemic, backed by new regulations
KPMG Q3, 2020 Saudi banking sector analysis report records the sector experiencing a range of regulatory changes, including the value-added…