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Featured in Real Estate and Retail
Sharjah continues to become more affordable, with rents and sales prices falling – Bayut H1 report

July 22, 2018:   Rents and sales fell for Sharjah apartments from H2 2017 to H1 2018 accordingly to a recently published report of Bayut.com, the leading property portal in the UAE.   Rental highlights:  Rents fell for both villas and apartments. The largest decreases were in Al Nahda, where the average 1-bedroom apartment price fell by 16.2%.   Sales highlights: The steepest price falls were seen for Al Nahda, where the average for a 2-bedroom apartment fell by 14.3%.   There was good news for both buyers and renters in Sharjah as prices fell in most areas from H2 2017 to H1 2018 according to Bayut.com.   However, changes to property laws in Sharjah announced in April, which allow non-residents to own property in the emirate – may see increased interest ......read more

Makkah Millennium Hotel & Towers is all set to welcome 15,000 Haj pilgrims this season

he property is fully equipped to provide unrivalled quality of service and comfort to the pilgrims Makkah, KSA, (July 19, 2018):   Makkah Millennium Hotel & Towers, the luxury hotel serving pilgrims coming to Makkah and located directly over the Holy Haram opposite to King Fahd Gate, is ready to welcome more than 15,000 pilgrims coming from across the globe mostly from the GCC, Turkey, Egypt, Indonesia, Thailand, Singapore, Malaysia, Bangladesh, Pakistan, India, Australia, France, the United States and the United Kingdom, and East Asia during Hajj season 2018 – 1439. The property with an inventory of 1,614 rooms and suites is fully equipped to provide unrivalled quality of service and comfort for the Hajj pilgrims as the Hotel is connected to a commercial complex with more than 450 shops, restaurants and four ......read more

Affordable housing driving Riyadh's real estate market, says JLL

Continued government focus on increasing home ownership in the capital through new affordable supply and more public-private partnership (PPP) agreements   Riyadh, Kingdom of Saudi Arabia – 18 July 2018:  Although market conditions in Riyadh remain relatively unchanged this quarter, the governments’ continued focus on providing more affordable housing to drive home ownership amongst Saudi nationals will in turn boost the capital’s overall real estate sector, says JLL’s latest report. In line with the National Transformation Program 2020, the Ministry of Housing aims to increase home ownership for nationals from 47% to 52% through boosting affordable residential supply. A continued focus on this sector of the market was evident this quarter with the Ministry announcing eight new PPP agreements ......read more

‘Elaf Grand Al Majeedi' the newest addition to luxury hotels in Al Madina

July 11, 2018 - ‘Elaf Grand Al Majeedi,’ part of the Elaf Group, a SEDCO Holding Group company and a leading provider of travel, tourism and hospitality services in the region, is one of the best luxury hotels in Al Madina, due to its strategic location opposite to Bab Al Majidi, and the entrance gate for women that offers a unique view of the northern square of the Prophet's Mosque. The hotel, located 20 minutes from Prince Muhammad Bin Abdulaziz Airport, is surrounded by shopping malls and shops in the central region. ‘Elaf Grand Al Majeedi’ is the first hotel in the Kingdom to be branded as "Elaf Grand". Elaf Group launched the new brand after completing a comprehensive renovation of the property, which transformed it from a collection of apartments to one of the best hotels in Al Madina, in ......read more

Tory Burch Opens Two New Stores in Riyadh

Saudi Arabia, July 08, 2018:  Tory Burch announces the opening of a new boutique at the Riyadh Park Mall in Riyadh on June 26th. It follows the recent opening of an accessories-only concept at Kingdom Mall in Riyadh. The two stores further extend the brand’s footprint in Saudi Arabia — complementing its boutiques in Jeddah and Al Khobar.   The façade of the store at Riyadh Park Mall is distinguished by green awnings and orange lacquer doors, signature Tory Burch design details. In keeping with all Tory Burch stores, the interior has been designed to create a residential feel. Travertine floors in a basketweave pattern, oak panelling, cane tables and brass fretwork étagères offer a neutral backdrop for a sophisticated mix of furnishings, including a leopard rug, and banquettes covered in an exquisite floral ......read more

UL's Joint Venture in Saudi Arabia Receives Prestigious Award During Official KSA Royal Visit to the US

Joint venture between UL and GCC Lab Company based in Dammam, Saudi Arabia, gets recognition for its alignment with the KSA Vision 2030 UL Middle East received the award at an event held during the Saudi state visit by HRH Crown Prince Mohammed Bin Salman to the U.S Dubai, UAE, June 19, 2018:   Gulf Renewables Lab, a UL-GCC joint venture based in Dammam, Saudi Arabia, has received a special award for its innovative and forward-thinking initiatives.    Created with the aim of strengthening the Middle East’s Renewable Energy Infrastructure, the joint venture was commended due to its direct alignment to the Saudi Vision 2030 strategy to diversify its economy and ensure sustainability.    Global safety science organization, UL, is headquartered in Northbrook, Illinois, U.S.. Its ......read more

Alstom conducts initial dynamic tests for Riyadh Metro

Saudi Arabia, 10 June 2018:   Alstom has, for the past few weeks, been conducting initial dynamic tests for the Riyadh Metro Project at the FAST consortium Line 4 Depot Test Track in Riyadh, Kingdom of Saudi Arabia. The Riyadh Metro Project, owned by Arriyadh Development Authority (ADA), consists of 6 lines totalling 176 km and 85 metro stations.    The test campaign includes the demonstration of the performance of the railway system, from power supply to signalling systems, using the trains which have already been delivered.    Alstom, as part of FAST consortium is supplying a fully integrated metro system for lines 4, 5 and 6, which includes: 69 Metropolis-based Riyadh Metro trains, Urbalis signalling system, Hesop energy recovery station as well as tracks. The Metropolis-based train for Riyadh is ......read more

Blood Donation Campaign at Burj Rafal Hotel Kempinski

As a Continuation of a Series of Charity Activities Riyadh, 10 May 2018 – Burj Rafal Hotel Kempinski organized an open day to donate blood on May 9th, which took place in front of the Ballroom of the hotel in the presence of media, community influencers, and prominent philanthropists. The hotel's management is always keen on continuing its support to humanitarian services and is fully committed to social responsibility.  The blood donation campaign, organized in collaboration with the Military Hospital in Riyadh, successfully raised awareness about the importance of blood donation and showcased the role of this process in encouraging the spirit of cooperation amongst all members of society. Ghada Al-Rasheed, Human Resources Manager at the Burj Rafal Hotel Kempinski said, "This is one of the most important ......read more

Abu Dhabi Ship Building Company Launches Two 64-Meter Landing Ships for the Kuwait Naval Force

Abu Dhabi-UAE: 18 2018:   Abu Dhabi Ship Building Company (ADSB), a leading provider of construction, repair and refit services for naval, military and commercial vessels, has launched two 64-meter landing ships for the Kuwait Naval Force as part of a contract to build eight naval ships to support Kuwait’s military capabilities.  The ships were launched during a ceremony held at the headquarters of the Kuwaiti Naval Force in the presence of Lieutenant General Mohammad Al-Khodr, Chief of the General Staff at Kuwait Armed Forces; Lieutenant General Sheikh Abdullah Al-Nawaf Al-Sabah, Deputy Chief of Staff; Major-General Khaled Al-Kandari, Commander of the Kuwait Navy; Brigadier Fayez Al Muhairi, Commander of Floating Units at the UAE Armed Forces, and Dr. Khaled Al Mazrouei, Chief Executive Officer of ......read more

IKEA announces latest INDUSTRIELL and HJÄRTELIG Collections

Dubai, UAE, April 11, 2018:  Many people know that their mental and emotional wellbeing is as important as – and can actually affect – good physical health. In our busy, modern lives we can often feel removed from nature and even ourselves. So HJÄRTELIG collection invites us to press the “pause” button, if only for a little while, on a daily life that’s often hectic, complicated and online. Whether to practice some yoga, to tend to a plant or simply to relax amongst beautiful, natural materials, HJÄRTELIG collection is about the moments to re-focus and to revitalise ourselves. Designed with a delicate touch, these home furnishing products have a light and peaceful feeling, yet are useful and durable for everyday life at home.  THE DESIGNERS  “With the ......read more

His Excellency Faisal Alfadl, Secretary General of the King Saud Foundation and Founder of the Saudi Green Building Forum Opens the Hotel Show Saudi Arabia and Stone & Surface Saud

Jeddah, Saudi Arabia, 11th April 2018:   The sixth edition of The Hotel Show Saudi Arabia and second annual Stone & Surface Saudi Arabia were opened Tuesday (10th April 2018) by His Excellency Faisal Alfadl, Secretary General of the King Saud Foundation and Founder of the Saudi Green Building Forum. AlFadl also hosted a full-day ‘Green Building Workshop’ during the first day of the events at the conference at Stone & Surface Saudi Arabia, detailing Saudi’s position as a world leader in sustainable construction, with an “intelligent cities” green built environment on its horizon. Thousands of hospitality and construction industry professionals are anticipated to descend on Jeddah for the major trade events running together at the Jeddah Centre for Forums and Events for three days, ......read more

Happy First Anniversary, John Lewis!

Robinsons’ John Lewis celebrates its first anniversary in Dubai with spectacular events Dubai, UAE, April 7, 2018:  The high-end brand “John Lewis” got into the festive mood on March 29th celebrating its first anniversary in Dubai. The iconic store celebrated a morning of entertaining activities, which were initiated with an introduction speech by the General Manager Mr. Adosh Sharma from 11:00 to 11:30 am. The real party mood started at 11:30 with revealing the birthday cake along with a delightful English brunch. The diverse activities comprised of three workshops that ranged from an etiquette session to a baking class. The guests engaged in learning all the secrets of baking delicious cupcakes with our "Master of Cupcake" baking class. Those who were curious to find out more about table manners ......read more

Customer from Saudi Arabia is 100,000th visitor to the GROHE Truck Tour

With a total of four mobile showrooms, GROHE has been on the road in Europe and the Middle East since March 2017 So far, the XXL trucks have covered approximately 150.000 kilometres in 33 countries Dubai, United Arab Emirates - 4 April 2018:  GROHE, the world's leading manufacturer of sanitary fittings, welcomed the 100,000th visitor to its innovation tour through Europe and the Middle East. GROHE employees congratulated Muneem Al Fashtaki in front of the GROHE XXL truck in Jeddah, Saudi Arabia. The sales manager of Al Falaj Trading Est., a medium-sized distributor of the region, visited the mobile showroom in order to find out about the latest GROHE innovations.   Representing all visitors to the GROHE trucks, he received a small gift of a GROHE Power & Soul shower set that allows switching between ......read more

MEFMA organizes workshop and networking event in Jeddah aimed at highlighting role of FM across KSA's freehold property sector'

Saudi Arabia, March 27, 2018:  The Middle East Facility Management Association (MEFMA), a non-profit professional organization, successfully threw the spotlight on the significant role that Facilities Management (FM) plays in the Kingdom of Saudi Arabia's (KSA) rapidly thriving freehold property segment, in a specially hosted workshop and networking event that was held last March 26, 2018 at the Sofitel Hotel in Jeddah Corniche. The exciting one-day event was sponsored by MEFMA Corporate Members Al Mahmal Facilities Services Company.  The event featured a panel discussion covering the topic, 'The strategic role of FM in the KSA Freehold Property Sector,' which featured the participation of industry experts Mohammad Al Duraibi, Member of the Board of Directors, MEFMA; Hazim Al-Dabbagh, Managing Partner, SureFix ......read more

SOUQ ‘Everything For You Sale' Offers Customers Thousands of Deals

The Third Edition of the Sale to run from March 28th to March 31st with up to 70% off 27 March 2018, Dubai, U.A.E:   SOUQ.com has announced the third edition of ‘Everything For You Sale’ giving customers a chance to shop for what they want at great prices, with up to 70% off from Wednesday, March 28 to Saturday, March 31. The third edition of SOUQ’s biggest sale of the season will give customers the opportunity to search for what they want, with great savings on thousands of products. For customers, looking for a personal makeover, revamping their home, stocking up on kitchen supplies or craving to get their hands on the latest gadgets, you can find a vast selection on SOUQ’s ‘Everything For You Sale’:  This year, customers can shop an even greater selection, as ‘Everything ......read more

Stone Expo Returns to Saudi Arabia Amid Increased Demand for Construction Materials

Dubai, UAE 21st March 2018:  With almost 5,000 projects in the pipeline, Saudi Arabia is fast becoming one of the world’s busiest markets for construction – led by urban development and a growing transport network.  A new ‘Saudi Arabia Construction Overview’ report by market analysts BNC Network – prepared ahead of Stone & Surface Saudi 2018 taking place in Jeddah next month (10-12th April 2018) – has priced the 4,778 projects in various stages of development across the Kingdom at US $839.1 billion. In line with Saudi Vision 2030, the Kingdom is taking significant measures to improve its infrastructure to further its position as a destination for business and leisure tourism, enhance its religious tourism sector, and cater to the needs of its growing population.  “A ......read more

MEPCO Wins ‘Great Place to Work 2017' Accolade in KSA

MEPCO is recognized for its employment environment in the manufacturing sector Industry-leading Saudization with KSA nationals comprising almost half of MEPCO’s employees Jeddah, Saudi Arabia; 14 March 2018:  The leading regional vertically integrated paper manufacturer, the Middle East Paper Co. (‘MEPCO’), has been recognised by Great Place to Work in the Kingdom of Saudi Arabia. The organisation’s research and management consulting firm assess award applicants from over 100 companies on a variety of parameters before choosing the company most deserving of the title in each market. The award scores are determined through an employee survey that measures company performance across key indicators including: credibility of management, respect, fairness, pride, and ......read more

Panasonic Launches LED Lighting in Saudi Market & Showcases Wide Range of Wiring Devices and Electrical Solutions at Big 5 Saudi

Jeddah, Kingdom of Saudi Arabia, March 08, 2018:  Panasonic Homes & Living, in collaboration with its KSA channel partner Al Manara Electric Trading, is showcasing its latest innovations for the Electrical Construction Material space at The Big 5 Saudi happening until today at the Jeddah Centre for Forums & Events.  The event is being held at a crucial time when the Saudi Arabia construction market is showing signs of renewed optimism after a slowdown due to low oil prices and fiscal spending cuts.  According to the latest BNC Project Intelligence report, Saudi Arabia has over 4,700 active construction projects with a combined estimated value of US$ 852.3 billion. The urban construction sector has over 3,300 projects representing approximately 70% of all construction activities in the Kingdom, driven by the ......read more

DUR Hospitality signs franchise agreement with IHG® for Crowne Plaza in Riyadh

Riyadh, Saudi Arabia, 27 February, 2018:  Dur Hospitality, the Saudi grown hospitality company, and IHG®  (InterContinental Hotels Group), one of the world’s leading hotel companies, have recently announced the signing of a franchise agreement for Crowne Plaza®  Riyadh Palace, under the master franchise agreement signed in 2014 for 4 hotels. Currently operating as Riyadh Palace Hotel, the property is expected to be rebranded to Crowne Plaza by June 2018.  Remarking on this, Mr Ahdab, President of Hotel Operations Dur Hospitality said, “We are delighted to partner with IHG® yet again, for their world class brand – Crowne Plaza®, making this our second hotel with them, following the opening of Holiday Inn, Tabuk. Riyadh is home to more than 6 million people and has solidified itself ......read more

JLL signs MoU with Jeddah International College to boost transparency in Saudi's real estate sector

Saudi, – February 20, 2018:   JLL, the world’s leading real estate investment and advisory firm, has signed a Memorandum of Understanding (MoU) with Jeddah International College to support growing efforts to ensure a transparent real estate market in Saudi Arabia.  As part of the MoU, JLL will collaborate with key stakeholders in Jeddah International College to collect, consolidate and share accurate data. Furthermore, the partnership will introduce innovative initiatives through informative seminars, lectures, forums, conferences and launch internship programs at JLL for college students and graduates to learn data transparency from experts in the field.   The Kingdom of Saudi Arabia has made a number of developments in recent years towards a more transparent real estate market with a focus on ......read more

Robinsons Honored for Outstanding Store Design

The UAE’s largest department store bursts onto the top ten list of the World Retail Awards   Dubai — February 14, 2018 —   Robinsons, the largest department store in the UAE, has been on the finalists list for the World Retail Awards and was recognized for the 2018’s Outstanding Store Design for stores larger than 1200sqm. For the last ten years, the World Retail Awards have recognized the highest standards of excellence in store design, as well as the very best retailers and retail initiatives across a range of categories.   The Robinsons story began on 25 February 1858, when John Spicer and Philip Robinson founded Spicer and Robinson in Singapore. Since then, Robinsons’ pioneering spirit has kept them at the forefront of Asian retail. In 2008, the Al-Futtaim Retail Group ......read more

84 New Hotels to Open in Saudi Arabia in 2018

Dubai, UAE 13th February 2018:   Almost 60% of Saudi Arabia’s current construction pipeline of 143 hotels is forecast to open in 2018, according to a new report. The ‘Saudi Arabia Hotel Construction Overview’ report by TOPHOTELPROJECTS – compiled ahead of The Hotel Show Saudi Arabia (10-12th April 2018) – has revealed that 84 hotels comprising 27,281 rooms will open throughout the Kingdom this year. Riyadh, Jeddah, Makkah and Al Khobar remain the busiest areas for hotel construction across the country. Each of these cities rank highly in the Middle East’s top ten most active cities for hospitality development, sitting third, fourth, sixth and tenth respectively.  Notable hotel openings set for the Kingdom in 2018 include: Hilton Riyadh Hotel & Residences; Copthorne Hotel ......read more

A Gift for Everyone on SOUQ.com's Valentine's Day Gift Shop

Find gifts for him, her, kids and even your beloved pets effortlessly on SOUQ   8th February, 2018, Dubai, United Arab Emirates:  On what’s considered as the most romantic time of the year, the love smitten couples can think of only one thing “where can I get the perfect present for the love of my life?” If you are running out of ideas and time with your busy schedules, your best solution is here at SOUQ.com, where lovers can avoid the hassle of gift hunting and buy your beloved a gift to cherish. Whether your loved one is your better half, your pet or even your kids, SOUQ has unveiled a huge assortment of gifts for all of them! From gorgeous flowers, scrumptious chocolates, cuddly soft toys and jewelry for your lady love to fashionable clothes, grooming sets and gadgets for your handsome gent to ......read more

Expansion and Redevelopment Define Saudi Arabia Construction Climate

Expansion and redevelopment of existing structures and areas set a trend amongst the top construction projects in Saudi Arabia, as reported by the BNC Network.  The Big 5 Saudi (5-8 March 2018, Jeddah Centre for forums & Events) is expected to attract 15,000 visitors and will offer 50+ CPD certified workshops. Dubai, UAE, January 31, 2018:  A significant number of expansion and redevelopment projects populate the 10 highest value construction projects in Saudi Arabia, according to the latest ‘Top Projects in Saudi Arabia’ report prepared by the BNC Network for The Big 5 Saudi. The multi-development expansion of Mecca’s Holy Haram Mosque and the redevelopment of Jeddah’s downtown are among the list, which also includes details on Riyadh’s Mall of Saudi and the country-wide King ......read more

Al- Jazeera Paints Launches Cool Roof and Flexi Guard Waterproofing Systems to Prevent Water Leak

Dubai, UAE, January 22, 2018:  Al -Jazeera Paints, giant of high quality paints manufacturing in the Kingdom, Middle East and North Africa, has launched modern water insulation techniques, such as Al- Jazeera Cool Roof and Al- Jazeera Flexi Guard. This comes at time of increasing calls for taking all actions that contribute and help to enhance sustainability in buildings and facilities to reduce the costs of periodic maintenance of water leaks and its damages, and reduce the squandering resulting from heat leakage as well. Al-Jazeera Cool Roof performs water insulation for roofs of buildings and factories, as it is water borne, flexible, environmentally responsible coating with high properties of water insulation. It contributes to reduce the absorption of heat surfaces by sun reflection technology, leading to reduce internal ......read more

Other Top Stories from Real Estate and Retail
 
Cayan Group Announces New Strategic Project in Jeddah at MIPIM…

Nikken Sekkei appointed architect for SAR 1.2billion project at Obhur waterfront Jeddah, 15thMarch, 2017—Cayan Group, the leading Saudi property developer in the Middle East, today announced plans for a new mega project at the Obhur waterfront in Jeddah. Attending the world’s leading property market, MIPIM in Cannes, France, Cayan Group outlined some details of the planned project, ......read more

IKEA Spreads Cheer on International Day of Happiness…

Nearly AED 20,000 of goodies were hand-gifted to customers in Dubai and Abu Dhabi Dubai, 20th March, 2017:  Swedish home furnishing retailer, IKEA - part of Al-Futtaim – marked International Day of Happiness this morning with a series of ‘Happiness Drops’ at Dubai Festival City as well as in-store at both its Dubai and Abu Dhabi locations.  Throughout the day ......read more

The first Saudi Arabian woman to become a General Manager in Hospitality - Rezidor appoints Maram ...…

Dubai, UAE, March 16, 2017:  The Rezidor Hotel Group, one of the most dynamic hotel companies in the world, is proud to mark a new milestone in its history by appointing its first Saudi female General Manager in the company and the hospitality industry. Miss Maram Kokandi will be the General Manager of a new Park Inn by Radisson hotel in Jeddah, Saudi Arabia, scheduled to open later this ......read more

Middle East Council of Shopping Centres' Next Generation Networking Reception in Riyadh…

MECSC’s Next Generation Events – connecting retail professionals across Middle East Dubai, 9th March 2017 – The Middle East Council of Shopping Centres and the International Council of Shopping Centres host the Next Generation Networking reception in Riyadh, on Wednesday March 15th at Ritz Carlton Hotel in Riyadh, Saudi Arabia. David Macadam, CEO, MECSC says “Saudi ......read more

Leading manufacturer Danfoss announces office opening in Saudi Arabia…

Jeddah: Danfoss – a leading manufacturer of high-efficiency electronic and mechanical components and controls for air-conditioning, heating, refrigeration, industrial, and water systems – has announced the launch of its first technical support office in the Kingdom of Saudi Arabia. Revealed at an event held at Sofitel Cornice Hotel in Jeddah yesterday, Danfoss senior executives ......read more

Saudi's AFIFI Industrial Group to extend its participation at Dubai WoodShow 2017…

The company will unveil its specialized facility that produces various interior decoration materials for the furniture applications  Dubai, UAE, 6 March 2017:  According to a new market report published by Credence Research Furniture Market – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023, the furniture market has been estimated to be valued at ......read more

Al-Futtaim Launches Second Mixed Use Development in the UAE…

New lifestyle focused mall for southern Dubai to be anchored by IKEA and ACE.  Dubai, UAE, 06 March 2017:  Al-Futtaim, one of the most progressive business houses in the Gulf region, has broken ground on the development of a 78,500 sq. metre site, which forms part of the Jebel Ali Development (JAD) mixed use master planned community.   Al-Futtaim plans to expand its retail ......read more

Lucrative Returns on Investments Attracts Saudi Investors to the International Property Show in ...…

Saudi Arabian investors occupy second position among the non-local real estate investors in Dubai Dubai, UAE, 2 March 2017:  A report issued by Dubai Land Department (DLD) stated that 3,294 Saudi Arabian investors made transactions worth AED 8 billion in the real estate market in Dubai in 2016. The statistics demonstrate an annual growth in the real estate investment in Dubai by GCC ......read more

New initiatives to support KSA's real estate sector in face of macro-economic challenges…

JLL’s 2016 review of the market highlights the major economic factors affecting the office, residential, retail and hotel sectors in the Kingdom’s three largest real estate markets of Riyadh, Jeddah and the DMA  Riyadh/Jeddah, KSA, January 12, 2017:  2016 saw the release of the Saudi Vision 2030 and National Transformation Program (NTP), both major initiatives in response ......read more

The Saudi TASNEE is Platinum Sponsor of ArabPlast 2017 in Dubai…

KSA’s petrochemical sector is largest non-oil sector, with investment estimated at USD 63.5–150 billion expected in 2020 alone, according to the Saudi Arabia industrial overview report published by Jeddah Chamber Dubai, UAE, Riyad, Saudi Arabia, 22 December 2016: Tasnee, the leading industrial company in Saudi Arabia, is the platinum sponsor of ArabPlast Show to be held from 8th to ......read more

New aswaaq Mart Open in Hatta…

Supporting new directive from His Highness Sheikh Mohammad Bin Rashid Al Maktoum which aims to enhance Hatta’s economic and social capabilities Developing a 60,000sqft community mall, which will be ready 2018. Dubai, UAE, December 18, 2016:   aswaaq has announced the launch of a new aswaaq Mart in Hatta. The store is part of the new ‘Marts’ concept from the ......read more

Unlimited demand for growth of Makkah's hotel sector – says JLL in first report on the city's real ...…

‘Makkah, A City within a City’ report follows collaboration with Makkah Chamber of Commerce & Industry to support  greater real estate market transparency in Saudi Arabia  KSA, Makkah, 06, December 2016:  JLL, the world's leading real estate investment and advisory firm, today released its first report on ‘Makkah, A City within a City’ which ......read more

Centrepoint Extends Its Offering With the Launch of Eyeworks…

Dubai, 5th December, 2016:  Centrepoint, the region’s largest fashion retailer, is renowned for the breadth of its fashion and cosmetics product range. The popular retailer caters to the mid-market segment across the Middle East and houses homegrown concepts, Babyshop, Splash, Shoe Mart and Lifestyle, under its umbrella. Centrepoint has now announced the introduction of a sunglass ......read more

SOUQ.com Announces the Best Deals for WHITE FRIDAY 2016…

The Biggest Online Sale in the Middle East begins tomorrow: 23rd to 26th November Dubai, UAE, November 22, 2016:   The most awaited White Friday 2016, the biggest online sale in the Middle East by SOUQ.com starts tomorrow across the GCC and Egypt. SOUQ.com, the largest online and marketplace retailer in the region is offering incredible White Friday deals that will go live from the   ......read more

Marka Announces Q3 2016 Financial Results…

Strong performance resulting in positive EBITDA of AED 4.2 million Marka operates a total of 53 outlets across all divisions Dubai, United Arab Emirates – 16 November 2016:  Marka PJSC (DFM: MARKA), the first retail-focused listed company in the UAE, today released its interim financial results for the third quarter of 2016. For the three months ending 30 September 2016, ......read more

Middle East braces itself for the biggest White Friday 2016 on SOUQ.com…

As the region’s avid online shoppers get set for another record-breaking 4-day shopping festival, SOUQ.com ensures a seamless and exciting shopping experience for customers 25K exclusive new deals to be launched on the website and mobile app SOUQ.com gears up for 20 million visits during White Friday   With the introduction of new Fashion, FMCG and lifestyle categories, 50% ......read more

Saudi property investors targeted by world-class residential golf community developer in Dubai…

Top executives from the UAE Government owned developer visited the Kingdom as part of sales drive to boost Saudi investment  Jumeirah Golf Estates seeks to engage with Saudi lenders and real estate agencies to showcase lucrative investment opportunities on offer to local buyers Jeddah, KSA, 6 November 2016:  Jumeirah Golf Estates – one of the Middle East’s most ......read more

Crystal Lagoons to debut in multi-billion dollar Saudi real estate developments…

Patented man-made crystal clear lagoons prove to be a key driver for successful real estate developments adding value to its tourism proposition Cutting edge technology uses up to 30 times less water than a golf course and half of the water required to irrigate a park   Innovative additive reduces evaporation rates by up to 70% Dubai, UAE, October 31, 2016:  Crystal Lagoons, ......read more

More and more JBR visitors are connecting via WiFi UAE…

3,296 visitors to the beachfront promenade browsing the Internet and connecting on social media with WiFi UAE in the month of August Dubai, UAE, October 18, 2016:   WiFi UAE now offers visitors to JBR access to seamless connectivity to the Internet through the choice of either free or premium WiFi. Expanding its footprint to enhance happiness through connectivity, WiFi UAE has seen ......read more

Business Bay landscape to be redefined with opening of Marasi Business Bay Promenade…

AED1 billion project paves the way for Business Bay transformation, unveiling an entire new waterfront destination with the launch of Marasi Business Bay Promenade   Dubai, UAE, October 16, 2016:    Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager known for renowned destinations across the Emirate, has announced that the iconic Marasi ......read more

ARTAR to showcase the shape of things to come in Gulf Property at Cityscape Jeddah…

Prominent Saudi developer says luxury residential tower in Downtown Dubai points the way ahead to satisfy demands of investors, end users Jeddah, Saudi Arabia, 16 October 2016:  One of Saudi Arabia’s most prominent real estate development companies says the new UAE venture it will be showcasing at Cityscape Jeddah next month is the shape of things to come for property investors in ......read more

Mövenpick Hotels & Resorts Partners with Real Estate Developer Nusasiri Plc to Launch Three ...…

Dubai, UAE, October 16, 2016:  The Swiss hotel management company, Mövenpick Hotels & Resorts, has signed an agreement with leading real estate developer Nusasiri Plc to manage three properties in Thailand. The three properties will be Mövenpick Residences Ekkamai, Bangkok and Mövenpick Resort Khao Yai, both scheduled to open in Q4 2016, and Mövenpick Resort Mai ......read more

GE ushers in next era of advanced manufacturing in Saudi Arabia…

GEMTEC in Dammam now the region’s first ‘Brilliant Factory’ Expands GEMTEC facility to 26,000 sq m to manufacture ‘Made in Saudi’ HA and F gas turbines Creates 150 new high quality jobs for Saudi nationals  Delivers GEMTEC’s first 7F turbine to SEC’s Waad Al Shamal combined-cycle power plant Dammam, Saudi Arabia, October 16, 2016: ......read more

Air Purifiers Market: Brand Value & Purification Capacity Key Factors for Consumers in GCC…

Although considered as a luxury, demand for air purifiers is steadily growing in the Gulf Cooperation Council (GCC) and is estimated to reach US$ 85.2 Mn by 2020. According to majority of air purifier manufacturers and distributors/retailers around the world, the HEPA technology will expand at an annual growth rate of 5%-10% between 2015 and 2020. The brand value and purification capacity is ......read more

Dubai Properties' Casa Dora at Serena records phenomenal response amidst flourishing affordable ...…

Attractive pricing plans for mid-income housing projects lead to high demand for Casa Dora at Serena in DUBAILAND  Dubai, UAE, September 8, 2016:    Highlighting the increasing demand for affordable housing targeting the mid-income segment, Dubai Properties (DP), a leading real estate master developer and asset manager in the Emirate, announced that the release of the ......read more

Dubai Properties' Virtual Reality tour of master-planned destinations becomes a firm favourite for ...…

DP integrates innovative viewing technologies at Middle East real estate exhibition  Dubai, United Arab Emirates, 7th September 2016: Virtual Reality tour of master-planned destinations by Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager known for world-class destinations across the Emirate, is proving a firm favourite for visitors at Cityscape ......read more

First phase of Dubai Properties' Marasi Business Bay on schedule to be delivered in Q4 2017…

With water-homes under construction, Marasi Business Bay is set to provide a unique living proposition for Dubai Dubai, UAE, September 5, 2016:    Dubai Properties Group (DPG), one of the largest fully integrated community development businesses in Dubai, known for renowned destinations across the Emirate, has announced that the iconic Marasi Business Bay development is on schedule ......read more

Launch of Casa Dora at Serena in DUBAILAND to enhance market dynamics for affordable housing in ...…

Following success of the first release of townhouses in Bella Casa at Serena, real estate master developer Dubai Properties announces pre-sale online registration for launch of additional units soon Dubai, United Arab Emirates, 28 August 2016 – Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager has announced townhouses in the ......read more

Jumeirah Beach Residence and GreenParking partner to Optimise Visitor Parking Experience…

Reorganisation of parking management at JBR is set to ease and enhance residents and visitors’ experience Dubai, UAE, August 10, 2016:  Jumeirah Beach Residence, a Dubai Properties (DP) retail destination, has partnered with GreenParking, the only one-stop-shop for environmentally friendly car park management in the Middle East, to enhance parking facilities at the Jumeirah Beach ......read more

Dubai Properties extends flexible purchaser plan during the summer months…

Hike in sales transactions following increased buyer interest prompts to extension of flexible, post-handover payment plans  Dubai, UAE, July 31, 2016:  Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has announced an extension to its flexible payment plan for purchasers of property in its Serena and Arabella 2 developments located in ......read more

Riyadh and Jeddah's Real Estate Market performance is set to improve as a result of Saudi Vision ...…

According to JLL’s Q2-2016 Riyadh and Jeddah Real Estate Overviews  Kingdom of Saudi Arabia, July 27, 2016:  JLL, the world's leading real estate investment and advisory firm, today has released its Q2 2016 Riyadh and Jeddah Real Estate Overview reports assessing the latest trends in the office, residential, retail and hotel sectors. With Saudi Vision 2030 pivotal to the ......read more

Dubai Properties Launches Bellevue Tower 2…

Strong investor interest after launch of Bellevue Towers in June Dubai, UAE, July 26, 2016:  In response to the strong market demand, Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has announced the launch of the second tower of Bellevue Towers for sale. The sought-after residential development has garnered huge investor interest and high ......read more

JLL Signs MoU with Makkah Chamber of Commerce & Industry to support greater real estate market ...…

Makkah, KSA, July 14, 2016:  JLL, the world's leading real estate investment and advisory firm, signed a Memorandum of Understanding (MoU) with the Makkah Chamber of Commerce & Industry that will help improve transparency in the Saudi real estate market. As an independent consultant, JLL will collaborate with key stakeholders to collect, consolidate and share accurate data ......read more

The JBR Dome offers Dubai a chance to enjoy the UEFA's Euro 2016 football fever like never before…

Europe’s leading football competition to be broadcast live from a dome shaped tent that will be available for individual, group, and corporate bookings at JBR Dubai, UAE, July 4, 2016:   The JBR Dome, located in Jumeirah Beach Residence (JBR), a destination developed and managed by Dubai Properties, is a football-themed structure at the Rimal sector, and is scheduled to open ......read more

Research Facilities Construction in Saudi Arabia…

This report is the result of extensive market research covering the research facilities construction industry in Saudi Arabia. It contains detailed historic and forecast market value data for the research facilities construction industry, including a breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition). 'Research Facilities ......read more

Riyadh Metro Completes Tunneling Excavation Works For Green Line…

Saudi Arabia, June 9, 2016:  ArRiyadh Development Authority (ADA) have today completed the end of Tunnel Excavation works for Line 5 (Green Line).  Line 5 (Green Line) is one of the three lines being constructed by FAST  Consortium - One of  three international Consortia commissioned to build the Riyadh Metro Projects’ six lines.  The announcement took ......read more

Conrad Hotels & Resorts Opens the Doors to Conrad Makkah in the Heart of the Holy City…

MAKKAH and MCLEAN, Va.– 7 June, 2016– Conrad Hotels & Resorts today celebrates the opening of its first hotel in the Kingdom of Saudi Arabia – the 438-room Conrad Makkah. Set in the heart of the Holy City and overlooking the Sacred Mosque, Al Masjid al Haram, and the Holy Kaabah, the hotel is designed for today’s smart luxury traveller, combining intuitive service with ......read more

Oil & Gas Infrastructure Construction in Saudi Arabia to 2019…

This report is the result of extensive market research covering the oil and gas infrastructure construction industry in Saudi Arabia. It contains detailed historic and forecast market value data for the oil and gas infrastructure construction industry, including a breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition). “Oil ......read more

Intercoil International opens world class manufacturing facility in Saudi Arabia as hospitality ...…

Dubai, UAE, May 19, 2016:  Leading manufacturer, retailer and distributor of premium beds, bedding and bedroom furniture, Intercoil International, has opened a new manufacturing facility in Dammam to cater to Saudi Arabia’s rapidly growing hospitality sector. Boasting state of the art technology, the 4,400 m² factory will manufacture premium mattresses and a wide range of ......read more

Honeywell and Bayer Pearl provide new insulation technology to support Saudi Arabia's Montreal ...…

Spray foam insulation key to more energy efficient buildings in Saudi Arabia Riyadh, Saudi Arabia, May 18, 2016:  Honeywell (NYSE: HON) and Bayer Pearl have unveiled new spray foam insulation technology solutions that can improve energy efficiency in residential and commercial buildings in the Kingdom of Saudi Arabia.  With 1.5 million new homes needed to keep up with local ......read more

Red Sea Mall Launches "Smart Parking" with 60 Million Riyals. Inaugurating for a New Era ...…

Alawi: The New Parking Lot is to expand the Mall's capacity to 22 Million Visitors Annually    Jeddah, May 7, 2016:   The new smart parking lot at the Red Sea Mall was launched by the Sheikh Salih bin Mahfouz's attendance. The parking lot has been developed with a high budget that reached up to 60 million Riyals, completing the first phase of Red Sea Mall's vast ......read more

Danube strengthens affordable housing segment with AED300 million Glamz Residence…

Danube’s 6th project to re- energizes 'stop renting, start owning' push ‘Convert part of the living room to a bedroom’ concept is back on popular demand- innovative furniture converts a spacious living room into a full- fledged bedroom Keeping up the tradition, the project would be delivered in record time, expected completion date is September 2018 Danube, ......read more

StayWell Debuts Park Regis Brand in Saudi Arabia with Two Outstanding Properties in Makkah…

Australia’s largest privately owned hotel management company StayWell Hospitality Group (SWHG) announced the signing of a management agreement to open and operate the company’s first Park Regis properties in Makkah Saudi Arabia. In Dubai were StayWell Hospitality Group CEO Simon Wan and Asas Capital Ltd CEO Riyad Alhoraibi for the official signing ceremony. Expected to open in the ......read more

Cayan Group Acquires Off-Plan Permits for Samaya…

Riyadh,11th April 2016- Cayan Group, the leading property developer in the Middle East, is to launch Samaya Project in the prime area of Erga, north western Riyadh. Spread on 1 million square meters, the billion-riyal project is set to become the ultimate residential destination, offering integrated services in Wadi Hanifah, one of the most attractive spots in Riyadh. Cayan Group has obtained ......read more

Despite its Focus on the Saudi Market Cayan Group Expands Into Europe…

February 2016 - Cayan Group, one of the Middle East’s leading real estate developers, is making its foray into Europe, commencing with an alliance with Spanish real estate developer, Sarena. The elite partnership will witness the two companies jointly develop a project in stylish Costa del Sol which is situated in Marbella in Spain. With this union, Cayan Group initiates its ambitious ......read more

Gulf Dynamic Services targets 25% growth in 2016; eyes hospitality projects in UAE, GCC…

Dubai, February 13, 2016: Gulf Dynamic Services [GDS] – a subsidiary of Masharie LLC, the private equity arm of Dubai Investments PJSC and one of the leading names in turnkey interior fit-out solutions, is targeting 25% growth in turnover in 2016 – as demand for quality fit-out solutions continues to increase with hectic construction activity in the UAE and GCC countries. The ......read more

Gift more to your loved ones this Valentine's Day with Souq.com…

*Top gifting categories for Women - Perfumes & Beauty, Watches and Designer Clothing  * Free shipping for orders worth AED 200 and above Dubai, UAE, February 9, 2016:  Valentine’s day is fast approaching and the last minute buyers only have a limited time to purchase a gift for their loved one. Souq.com are making it even easier having announced free shipping from 8th to ......read more

Bayat Plaza launched for sale exclusively by Sloanes Real Estate in Jeddah…

Dedicated real estate showroom inaugurated in Jeddah to support robust market growth in the Kingdom Mock up apartment of ‘Bayat Plaza’ also unveiled Jeddah: line with its commitment to expand presence in the Middle East region, Sloanes Real Estate Brokers, a subsidiary of the SABBAN Group of Companies, has today announced the official opening of its state of the art customer ......read more

Real Estate Market in Dubai…

Dubai, UAE, January 7, 2016:  In Dubai, there are several opportunities to buy and rent property at attractive prices in certain locations.  The secondary and off-plan markets of Dubai have vendors and developers that are offering fair prices, reasonable payment plans, as well as new stock and finish levels to attract buyers.  Hussain Alladin, head of research, GCP ......read more

Red Sea Mall and Etaam Launch Food Perverseness Campaign…

More than 6,000 tons of waste dump daily in Jeddah alone.. 60% of which is excess food       Jeddah : In a leading initiative towards community service that is derived from the profound belief to endorse social responsibility, especially by top corporate, Red Sea Mall management has signed a corporation agreement with "Etaam" for food saving awareness. The ......read more

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