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Featured in Real Estate and Retail
Enova Says Smart Facilities Management Enhances Saudi Arabia's SAR 86 Billion Leisure and Hospitality Sector

As Saudi Vision 2030 boosts tourism, digital transformation can optimize costs and guest experiences, Enova says ahead of SEA Jeddah, 21-23 April   Jeddah, Kingdom of Saudi Arabia, 17 April 2019:   Ahead of the Saudi Entertainment and Amusement (SEA) exhibition in Jeddah from 21-23 April 2019, Enova, the Middle East’s leading energy and facilities management specialist, reaffirms the importance of integrated Energy & Facilities Management services for the Kingdom’s nearly SAR 86 billion tourism and hospitality sector. Combined smart facilities management and sustainable energy efficiency solutions are not only crucial for an optimized and comfortable visitor experience, but also guarantee utilities savings and building attractiveness in the long term.    Saudi Vision 2030 is ramping up the ......read more

Makkah outlook: Enhanced infrastructure to boost tourism and drive development in the Holy City, says JLL

KSA, Makkah, 1 April 2019:    Progress on major infrastructure enhancements and increased connectivity are expected to boost Makkah’s tourism capacity and create a wave of development opportunities, says leading real estate firm JLL.   Makkah is undergoing major transformation under Vision 2030, with several government initiatives paving the way for the Holy City to increase its capacity to 30 million pilgrims annually by 2030.  2018 witnessed milestone progress with the megaproject Rou’a Al Haram Al Makki announcement, the inauguration of Al Haramain High Speed Railway and soft opening of the new King Abdulaziz International Airport in Jeddah.  The focus on driving connectivity is a Kingdom wide focus to tap into Saudi Arabia’s potential as a global transport hub with the ......read more

SHUAA Capital Saudi Arabia Launches SHUAA REIT

Riyadh, Saudi Arabia, 26 March 2019: SHUAA Capital Saudi Arabia has announced today the launch of the Real Estate Investment Trust ‘SHUAA REIT’ (The Fund), a closed-ended publicly traded real estate investment fund, approved by the Capital Market Authority (CMA) of Saudi Arabia.   The subscription period for SHUAA REIT commences today March 25, 2019 and will continue until April 7 2019 inclusive. The fund will offer 30,515,000 units to the public at a price of SAR 10 per unit, equivalent to SAR 305,150,000, which accounts for 51.5% of the REIT's total size of SAR 591,500,000.   The Fund intends to acquire 6 income-generating real estate assets in four key sectors and in vital areas of the city of Riyadh. Some of the key differentiating factors of SHUAA REIT are the independency of the REIT Manager from all ......read more

Makkah Millennium Hotel and Towers marks International Women's Day

Events and activities to appreciate the women in the workforce  Makkah, KSA (25 March, 2019):   Makkah Millennium Hotel and Towers, the luxury hotel serving the pilgrims coming to Makkah and located directly over the Holy Haram Piazza, celebrated International Women’s Day by organizing a series of events and activities to appreciate the contribution by female employees in the hotel and the hospitality industry. Marking International Women’s Day celebration on 08th March, the female employees of the hotel visited King Abdullah Medical City Specialist Hospital for women to brighten the day of the patients and inspire them to improve their health and well being while also distributing gifts to cheer them up. The hotel also honored the women in the organization by arranging a gathering at Al Andalus ......read more

Global view of affordable housing – spotlight on Riyadh

Saudi Arabia, March 18, 2019:   Knight Frank is pleased to announce the release of the inaugural edition of Urban Futures, a report which tackles the increasingly prominent global topic of housing affordability and discusses  how cities are looking to alleviate affordability pressures. For the first issue the focus has been put on six cities which have been at the forefront of the affordability debate. A spotlight has been included on Riyadh, where we have seen affordability come to the forefront of the agenda particularly as cultural and social attitudes change at a rapid pace.   In the report, 32 cities around the world were assessed and ranked based on a Global Affordability Monitor to understand the scale of the affordability challenge in each one of them.  Three important elements were taken into ......read more

GROHE Shapes the Future of Water with a record number of innovations at ISH 2019

3D printing will revolutionize the water experience at home Bathroom and kitchen solutions complement latest trends with vast range of color finishes across all draw off points, flush plates and accessories  From smart home to smart buildings: creating an intelligent ecosystem for water security and water management  13 March 2019:   Consumers are fundamentally changing how they define and use their living spaces. GROHE has identified five mega trends: Consumers have risen from passive consumption to taking control over the creation of new living spaces and have become creators themselves in seeking simplicity and intelligent product solutions. Today, more than ever, product innovation and design depend on an empathetic understanding of these trends as consumers are inclined to choose integrated ......read more

M Hotel Makkah by Millennium wins prestigious Guest Review Award from Booking.com

The hotel has been recognized for its top-notch hospitality services at the global travel portal Booking.com The hotel received higher guest review score of 8.1 reflecting a high level of guest satisfaction in the hotel quality services   Makkah, KSA (06 March 2019): M Hotel Makkah by Millennium, a 5-star hotel located in the heart of the holy city of Makkah, was recognized for its top-notch hospitality services at the global travel portal Booking.com’s Guest Review Awards 2018.    The hotel received a guest review score of 8.1 reflecting a high level of guest satisfaction in the hotel quality services whilst consolidating its position as a leading luxury hotel combining modern touches with traditional hospitality to provide the warmest welcome to Makkah Al Mukarramah ......read more

Virgin hyperloop one vice president among top speakers announced at the big 5 saudi

The premier construction show in the Kingdom, The Big 5 Saudi, unveils record-breaking education agenda with 80 workshops across four days. Dedicated to “Educating and empowering construction professionals to achieve Saudi Vision 2030”, The Big 5 Saudi 2019 agenda is free to attend and CPD-certified. The 9th edition of the event runs from 10-13 March 2019 at the Jeddah Centre for Forums & Events.     February 26, 2019 - Dubai, UAE 80 experts and opinion leaders from around the globe will gather in Jeddah from 10-13 March 2019 to take part in the record-breaking education platform for construction professionals hosted by The Big 5 Saudi 2019. The leading construction event in the Kingdom announced a 48% increase in the number of free and CPD-certified workshops on offer this year, all ......read more

SOUQ's ‘Everything For You Sale' is Back, Offering Savings Of Up To 70%

Sale to run from Monday 25th to Thursday 28th of February with up to 70% off a wide range of products 25 February 2019: SOUQ is back with its biggest sale of the season, ‘Everything For You Sale’. From the 25th to the 28th of February, customers across the UAE, KSA and Egypt can enjoy up to 70% discounts on products for their lifestyle directly on www.souq.com or the SOUQ app. The fourth edition of SOUQ’s biggest sale of the season is designed to cater to every need of every customer, from fashion and beauty products, to home and gardening supplies to the latest electronics, groceries and more. SOUQ has value deals on a big selection of products that can be conveniently delivered to the customer’s doorstep. Ronaldo Mouchawar, CEO & Co-Founder, SOUQ.com, says “We are excited to bring back the ......read more

Millennium Hotels and Resorts MEA Appoints Samy Boukhaled as Vice President of Operations for KSA region

Saudi (February 12, 2019) – Millennium Hotels and Resorts, Middle East and Africa has appointed Samy Boukhaled as Vice President of Operations for the Kingdom of Saudi Arabia region.  Boukhaled has more than 29 years of experience in the industry, having held several leadership roles with hotel companies such as Accor and Sofitel. He has worked in countries such as France, Bahrain, Morocco and KSA. Reporting to Kevork Deldelian, Chief Operating Officer of Millennium Hotels and Resorts MEA, Boukhaled will oversee all operational aspects of the brand’s strategic expansion in the KSA region where several properties are to open this year, adding to its already extensive portfolio across the kingdom.  “We are delighted to welcome Samy to our executive team. Saudi Arabia is a key strategic focus for the ......read more

IHG signs world's largest Crowne Plaza® in Makkah

24 January 2019:   IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, has signed a management agreement with Bougary Holding Co. to develop Crowne Plaza® Makkah Beban. Scheduled to open in December 2019, the new hotel comprising 1200 rooms will be world’s largest Crowne Plaza® and will be a landmark hotel for IHG.  Strategically located in close proximity to the Holy Mosque, the hotel will join the existing InterContinental® and Holiday Inn® in the city and cater to the influx of pilgrim visits expected as part of Vision 2030. IHG is the largest international hotel group in Saudi Arabia, both by number of hotels and number of rooms, and the latest signing is aligned with the company’s strategy to expand its footprint in the kingdom. Crowne ......read more

M Hotel Makkah by Millennium honors its employees on its 2nd Anniversary

Saudi Arabia, January 20, 2019:  M Hotel Makkah by Millennium, a 5-star hotel located in the heart of the holy city of Makkah, honored its employees on its 2nd anniversary, in recognition of their great efforts and contribution to upgrade the hotel to the 19th position in Makkah region, besides winning two international awards. The 2nd anniversary ceremony was attended by the hotel guests and staffs, and entertained in the presence of a number of celebrities from the Makkah’s Arts of Hijaz, including the vocalists Alaa Fida and Ahmed Fattan, and the Pakistani vocalist Asad Qureshi who performed the beautiful folk songs of Hijaz region & Islamic anthems. The ceremony was followed by another celebration in honor of the employees for their great efforts and contribution to upgrade the hotel on TripAdvisor to the 19th ......read more

Breakbulk Middle East 2019 reinforces the collaboration between UAE and Saudi Arabia

The event will aid the two countries in their strategic partnership for boosting economic ties and developing opportunities for trade and growth 9th of January 2019:   Breakbulk Middle East (BBME), a yearly conference gathering top industry leaders and experts from around the world, will be reiterating its goal of enhancing economic collaboration between the UAE and Saudi Arabia. The event, held under the patronage of  Dr.Abdullah Belhaif Al Nuaimi, the UAE Minister of Infrastructure Development and the Chairman of Federal Transport Authority for Land and Maritime, will be taking place in Dubai for its fourth edition from 11th  February to 12th February 2019, at the Dubai World Trade Centre.  It will aim to highlight the major issues related to the industry aspiring to unite key players in breakbulk and ......read more

SHUAA successfully issues and places USD135 million (SAR 506 million) Sukuk for Jabal Omar Development Company

Kingdom of Saudi Arabia, January 8. 2019:  SHUAA Capital psc (SHUAA), the UAE-based financial services group is pleased to announce the issuance and private placement of a USD135 million SAR 506 million dollar-denominated five-year Sukuk for Jabal Omar Development Company (JODC), one of the largest publicly-listed real estate companies in Saudi Arabia as it seeks to strategically diversify its capital base. SHUAA acted as the sole arranger for the Sukuk , (The Sukuk was originally issued in the 2nd half of 2018). The Sukuk represents a fitting choice of financing for JODC, given the long-term nature of its requirements as a real estate developer and its focus on the holy city of Makkah. It also reflects a growing trend for Sukuk issuances, which raised $97.79 billion globally in 2017, up 45 per cent year on year, and particularly ......read more

Governmental Standardization Organizations Announce Support to the Big 5 Saudi as the Kingdom Strenghtens Focus on Construction Quality

Suadi Arabia, December 26, 2018:  The Saudi Standards, Metrology and Quality Organization (SASO), the Saudi Building Code National Committee (SBCNC), and the GCC Standardization Organization (GSO) have signed a partnership to support The Big 5 Saudi (10-13 March 2019, Jeddah Centre for Forums & Events), organisers dmg events announce. At the event, the governmental organizations, which are committed to protect consumers and strengthen the competitiveness of the national economy, will provide crucial intelligence to local and international participants, paving the way for the future development of the Saudi construction industry. The partnerships come at a time when more than 5,200 projects are under construction in the Kingdom, and confirm The Big 5 Saudi’s role as a key platform to advance the sector and meet the ......read more

Spirituality meets hospitality at M Hotel Makkah by Millennium

Family Suite Promotion starting from 333 SR Makkah, KSA (23 December 2018):   M Hotel Makkah by Millennium, a 5-star hotel located in the heart of the holy city of Makkah, is your ultimate place to create unforgettable memories with your family. With excellent facilities combined with superior hospitality, both adult and young guests are guaranteed the sweetest escape in the city. The hotel recently unveiled its Family Suite package giving families plenty of reasons to enjoy the winter season. With rates starting from 333 Saudi Riyal, guests will stay in one of the hotel’s luxurious and spacious suites featuring the best amenities, complimentary high-speed Wi-Fi internet connection, 25% discount on food and beverages and 25% discount on laundry. The package comes with breakfast and facility for an early check in and ......read more

New Executive Chef: Fahad Bukhari Joins Burj Rafal Hotel Kempinski

Riyadh,19 Dec.,2018 –   Burj Rafal Hotel Kempinski is proud to announce the appointment of Chef Fahad Abdullah Saleh Bukhari as Executive Chef. Fahad Bukhari comes with 17 years of experience having worked as Head Chef at Saudi Arabian Airlines, Executive Chef at Palace of the Queens - Jeddah, and later became Banquet Chef at Jeddah Hilton Hotel. He also held the position of Chef de Cuisine for the Western Kitchen at HRH Prince Al Waleed bin Talal’s palace. For presenting the Saudi cuisine in its authenticity Chef Fahad has won several medals and awards in national and international competitions, among them the award for “Best Hygiene and Food Safety” by Saudi Airlines Catering as well as three years in a row the award at “Top Chef” for his food exhibitions. Furthermore he was a member ......read more

CBRE 2019 KSA Outlook: Entertainment and Tourism Sectors to Stimulate Growth in the Kingdom's Real Estate Industry

40% of entertainment plans to be funded by private sector. 16 entertainment complexes and three additional leisure hubs to be delivered by 2030. Tourism figures expected to reach 26 million inbound visitors by 2023. 18 December 2018:   Saudi Arabia’s real estate market is expected to experience exponential growth as the Kingdom focuses on advancing its entertainment and tourism sectors – according to a new whitepaper released by leading global real estate advisor CBRE.   CBRE, which began operations in Saudi Arabia earlier this year, shared its key insights on the Kingdom’s fledgling entertainment and tourism sectors as part of its whitepaper titled Entertainment in Saudi Arabia: The Game Changer. The report predicts that, fueled by public and private investments and as part of its ......read more

Knight Frank releases the Makkah Hospitality Report 2018

Saudi Arabia, December 17, 2018:  This paper provides a review of the hospitality sector in Makkah and analyses how the market’s fundamentals are anticipated to change over the coming years in light of the wide-ranging initiatives, national reform programs and infrastructure projects set to be delivered in the short to medium term.   “As large infrastructure projects reach completion, the traditional demand-side bottlenecks related to capacity constraints will be alleviated allowing for increased visitation and revenue inflows, which will ultimately uplift hotel values in the medium to long term.” While most hospitality markets in the GCC are driven by traditional demandsupply mechanics, Makkah – for which religious visitation makes up the majority of demand – works slightly differently, ......read more

Makkah Millennium Hotel consistently ranked one of Top Two Hotels in Makkah Province by TripAdvisor

Merited for best Service, Family and Luxury hotel among 670 hotels in Makkah Province by Travellers on the World’s Largest Travel Site Makkah, KSA, 13 December, 2018:   Makkah Millennium Hotel, the luxury hotel serving the pilgrims coming to Makkah and located directly over the Holy Haram Piazza, has been consistently ranked one of the top two hotels in Makkah province in 2018 by TripAdvisor. Makkah Millennium Hotel was placed alternatively between Top One and Top Two best hotel among 670 Hotels in Makkah, KSA, based on thousands of positive reviews and opinions collected from TripAdvisor travellers worldwide. Saad Khayat, General Manager, Makkah Millennium Hotel and Towers expressed his gratitude for the hotel’s recognition on the website, saying: “It is an honour to be recognized as one of the top ......read more

Makkah Millennium Hotel and Towers celebrates UAE's 47th National Day

Stay more and pay less from 28 November till 4 December Saudi Arabia, November 21, 2018:  Makkah Millennium Hotel and Towers, the luxury hotel serving the pilgrims coming to Makkah and located directly over the Holy Haram Al Sharif Piazza and King Fahd Gate, joins the United Arab Emirates’ National Day Celebrations by offering its guests an exclusive “Stay More and Pay Less” package from 28 November to 4 December, 2018. On this occasion, guests can book any 4 nights but pay only for 3, in addition to an early check-in and late check-out. They can also enjoy 20% discount on all outlets and In Room Dining, besides High Speed Wi- Fi. Saad Khayat, General Manager of the 1,437-room property, said: "It is with pride that we participate in this great national holiday. The hotel and towers will reflect the ......read more

The International Council of Shopping Centers (ICSC) crowns Red Sea Mall with international awards

And “ITA’AM” project qualifies to the RECon awards in Las Vegas  November  5, 2018:   Continuing the great streak of success and achievements by maintaining the standards of excellence and innovation through campaigns that were launched throughout the year, the Red Sea Mall in Jeddah was crowned with the “ICSC Foundation” prestigious award and the RECon MENA awards at a ceremony (The Middle East and North Africa Retail and Shopping Center Awards 2018) held on October 30 at the Ritz-Carlton, Dubai International Financial Center. The awards, organized by the International Council of Shopping Centers (ICSC) and the Middle East Council of Shopping Centers (MECSC), are designed to recognize the most successful retail and retail centers, to boost net operating income, and to design and ......read more

Majid Bin Abdulmohsen Alhokair Officially Opens Inaugural Edition of Index Saudi 2018

Leading local and international interior design companies descend upon Riyadh  Riyadh, KSA, 1 November 2018:   Majid bin Abdulmohsen AlHokair, Vice Chairman of the Board of Al Hokair Group officially opened the inaugural edition of INDEX Saudi 2018, a new regional interior design show connecting more than 5,000 designers, architects, project managers and procurers. Welcoming recognised industry brand names from around the world, AlHokair toured the exhibition halls and met company representatives who have gathered in the Kingdom for the three-day event, which finished yesterday (1 November) at the Riyadh International Convention and Exhibition Centre. The new trade show hosts more than 100 exhibitors and is showcasing 1,000s of brands which are set to contribute to the region’s burgeoning US$3 billion ......read more

TRITON Attribution: Russian Government-Owned Lab Most Likely Built Custom Intrusion Tools for TRITON Attackers

October 24, 2018: Overview In a previous blog post we detailed the TRITON intrusion that impacted industrial control systems (ICS) at a critical infrastructure facility. We now track this activity set as TEMP.Veles. In this blog post we provide additional information linking TEMP.Veles and their activity surrounding the TRITON intrusion to a Russian government-owned research institute. TRITON Intrusion Demonstrates Russian Links; Likely Backed by Russian Research Institute FireEye Intelligence assesses with high confidence that intrusion activity that led to deployment of TRITON was supported by the Central Scientific Research Institute of Chemistry and Mechanics (CNIIHM; a.k.a. ЦНИИХМ), a Russian government-owned technical research institution located in Moscow. The following factors ......read more

Dar Al Arkan Seeks Accreditation from ETMAM for Three Developments in Riyadh City

DAAR pursues off-plan sales license from the Ministry of Housing  Riyadh, Saudi Arabia, 21 October, 2018:   Dar Al Arkan, the largest listed real estate developer in the Kingdom of Saudi Arabia, today announced that it has submitted a request to ETMAM, the Developers Services Centre at the Saudi Ministry of Housing, for the accreditation of three comprehensive development projects in Shams Ar Riyadh, totaling over 1.936 million square meters. The company also applied for the issuance of off-plan sales license for projects under construction in Shams Ar Riyadh.  The new masterplans involve three zones in the iconic Shams Ar Riyadh development, which is strategically located on King Khalid Road. The comprehensive development in Zone 1 will be built over an 849,000 square metres area. The Zone 3 ......read more

Other Top Stories from Real Estate and Retail
 
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

Red Sea Mall Wins Silver in the ICSC 2015 Middle East and North Africa Shopping Centre and Retailer ...…

Region’s most innovative properties honored at ICSC’s 2015 RECon Middle East and North Africa Jeddah, November 21, 2015:  The International Council of Shopping Centers (ICSC) has announced the winners of the 2015 Middle East and North Africa Shopping Centre and Retailer Awards, recognizing the region’s most innovative shopping centres for outstanding achievement in ......read more

Regional logistics and warehousing exhibition attracts 4,386 trade visitors from 55 countries…

Dubai, UAE: Materials Handling Middle East 2015 concluded in Dubai yesterday (16 September), with the double-digit growth in both visitors and exhibition space firmly cementing its position as the must-attend trade show for the regional logistics, warehousing, supply chain management, freight and cargo industries. The biennial three-day event attracted 4,386 trade visitors from 55 countries, ......read more

The Brightest minds in Retail & Shopping Mall industry rewarded at RECon 2015…

RECon 2015 – rewards the most outstanding Achievers in Marketing, Retail & Design on 3rd of November at Ritz-Carlton DIFC at the Awards & Gala Dinner Dubai, November 4th 2015 – The Ballroom at the Ritz Carlton – DIFC glittered with the Awards and the Winners taking home the esteemed trophies; the Awards ceremony & Gala dinner was held on the last night of the 3-day ......read more

KSA construction sector to grow 7.8 per cent by 2019 driven by demand for social & utility ...…

October 25, 2015: The Kingdom of Saudi Arabia’s (KSA) construction sector continues its upward trajectory and maintains its position as the Middle East’s largest construction market with SR. 11.25 trillion worth of planned projects to commence by 2020. An expanding population of young citizens, growth in religious tourism, and demand for better infrastructure in sectors such as ......read more

Saudi Build 2015 to complement KSA's robust construction sector with wide range of innovative & ...…

October 22, 2015  The Saudi construction sector is witnessing tremendous growth and is set to expand by 7.8 per cent between 2015 and 2019. The Kingdom has positioned itself as the Middle East’s largest construction market with several projects, many related to social and transport infrastructure, currently underway. The sector’s sustained growth, supported by government ......read more

The Saudi Authority for Accredited Valuers (Taqeem) launches the training program ‘Expropriation of ...…

To find out the best international practices in the field of expropriation and identify the best methods of applying the law in the Kingdom Riyadh, October 7, 2015:  In the framework of the Saudi Authority for Accredited Valuers’ (Taqeem) efforts of regulating the real-estate valuation profession and developing the performance of its practitioners, the Authority in cooperation with ......read more

KSA emerges as Middle East's largest construction market…

October 8th, 2015: The Kingdom of Saudi Arabia’s (KSA) construction industry is expected to continue its growth in the next few years with the value of projects planned and under way estimated to be over SAR 3.75 trillion. This encompasses several sectors, including transport, infrastructure, utilities, education and healthcare, reflecting the prioritization of upgrades to local roads, ......read more

Prince Sultan Bin Salman led positive change for the disabled in Saudi Arabia…

3,000 disabled children from DCA enjoy the Safari experience at Red Sea Mall JEDDAH - 29 September 2015: As prime attractions in Saudi Arabia’s major cities, shopping malls vie for the attention of shoppers and tourists with innovative, fun entertainment events. Being open to all people from all walks of life, many of these events are geared towards people with special needs. Red ......read more

KSA increases efforts in building more hotels to offer better services to Hajj pilgrims…

September 28, 2015: After oil, tourism for religious purposes is currently one of the biggest sources of revenue for the Kingdom of Saudi Arabia (KSA). The country has undertaken several initiatives in the recent years to build more hotels and provide better services to pilgrims who visit Makkah each year, in order to facilitate expanding number of religious tourists.  Alongside ......read more

Gulf Sotheby's International Realty Strengthens Presence in GCC…

• UAE franchisee acquires GCC franchise license • Confirms more exclusive luxury property listings Dubai, United Arab Emirates, 6 September 2015: Gulf Sotheby’s International Realty is now the license holder of the exclusive global luxury real estate network in six Gulf countries, following its recent acquisition of the GCC franchise license. The territory to be ......read more

Metro projects dominate as uncertainty surrounds regional mainline and long-distance rail schemes…

Dubai; United Arab Emirates; 31 August 2015 – The GCC states must decide soon on the fate of the long-awaited GCC rail railway network if it is to be operational by 2020, according to the latest analysis by MEED Projects, the region’s leading online projects tracking service. While metro projects in Doha, Dubai, Jeddah, Mecca and Riyadh are pushing ahead rapidly, efforts to develop ......read more

Salas to direct Crystal Lagoons projects worth over US$13 billion…

New regional director appointed to oversee company’s 40 under-development Middle East projects currently valued at over US$13 billion at Cityscape Global; remit to identify new opportunities to take patented mega-lagoon technology to key Gulf destinations 25 August 2015: Crystal Lagoons Corp., the patented technology developer of giant crystalline lagoons, will return to Dubai for the ......read more

Red Sea Mall Launches Sharia's Safari as Sponsor of Jeddah Ghair Festival…

Jeddah, August 9, 2015: The Red Sea Mall, Jeddah’s biggest shopping center and family entertainment district, recently launched the “Sharai Safari”, a fun filled, educational family event as part of the Jeddah Ghair Festival, of which the Red Sea Mall is the diamond sponsor.  The free event, which will continue until September 23rd, includes a stunning display of ......read more

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