Oman sees real estate deals hit $1.63bn in first two months of 2020

Number of plots issued till end of February was down by 5.7% compared to same period in 2019. The total value of...

Coronavirus: ENBD REIT announces rent relief measures to help tenants during COVID-19 crisis

Flexible solutions proposed to help combat crisis across portfolio. ENBD REIT, the Shari’a compliant real estate investment trust managed by Emirates NBD...

Bahrain distributes 5,000 homes under Al Ramli Suburb Housing project

Minister of Housing says distribution of contracts is part of ministry’s programme to build 40,000 housing units. Bahrain’s Minister of Housing, Engineering...

MAG launches ‘Uber-style’ maintenance tracking app

MAG FM let owners and tenants living in all MAG developments request home maintenance services. Owners and tenants at MAG5 Boulevard in...

Coronavirus: Mubadala announces rent deferment plans for ADGM Square commercial tenants

Move aligns with Mubadala’s earlier investment of $114mn in economic relief for tenants, $19m of which was allocated for commercial tenants. Rent...

Coronavirus: Raza announces COVID-19 relief package for commercial tenants

Company is the real estate arm of the Saudi Public Pension Agency (PPA) and a subsidiary of Al Ra’idah Investment Company (RIC)....

Oman’s Madayn unveils incentives for industrial and commercial development

Move aims to encourage investors and business owners to localise their businesses in industrial cities. A new package of incentives for investors...

Kuwait Financial Center launches tenant-focused services portal

The centre says the move highlights its keenness on digital transformation and finding innovative ways to add value to its customers. The...

Orascom Construction to deliver first phase of Ora Developers’ megaproject in Egypt

Ora Developers says it plans to continuously develop sustainable neighborhoods and support the Egyptian market with new concepts. Orascom Construction has been...