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25 December 03:40 AM

Real Estate

IMKAN and Majestic Group
24 December 06:39 PM IMKAN acquires 51% of Majestic Group to endorse regional infrastructure, development businesses
UAE – Mubasher: Abu Dhabi Capital Group’s (ADCG) subsidiary IMKAN has acquired a 51% stake in Majestic Marine Investments Group, which is focused on marine engineering and marina construction and operates across the UAE and Saudi Arabia. Majestic …
Companies Investments
Photo Archive
22 December 07:06 PM First Avenue acquires new tower in Riyadh for SAR 310m
Riyadh - Mubasher: First Avenue for Real Estate Development Company has acquired the ‘Capital Avenue – Al Qirawan’ tower in Riyadh at a cost of approximately SAR 310 million. The transaction was executed by purchasing all partners’ stakes in the …
Mergers and Acquisitions
Photo Archive
18 December 10:39 PM Alramz Real Estate rolls out SAR 382.5m agreement following listing on Tadawul
Riyadh - Mubasher: Alramz Real Estate Company purchased several plots of land, with a total area of 15,293 square meters, in Riyadh City on King Salman Road. The transaction was priced at SAR 25,000 per square meter in Al Qirawan District, …
Real estate
Photo Archive
15 December 04:54 PM Al Majdiah inks SAR 85m residential development deal in Riyadh
Riyadh - Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) has signed a development agreement with the Jadwa Al-Manzel Real Estate Fund to establish a residential compound in Riyadh’s Hittin district. Spanning 14,709 square meters (sqm), the …
Companies Investments
NBK Wealth
4 December 05:24 PM NBK Wealth – KSA acquires land plot to develop SAR 300m mixed-use property
Riyadh – Mubasher: NBK Wealth – KSA, affiliated to NBK Wealth Group, has strengthened its presence in Saudi Arabia by taking over a prime land plot to build a mixed-use property at a total development cost of approximately SAR 300 million ($80 …
Real estate
Photo Gallery
26 November 11:08 AM GFH Partners acquires majority stake in Devmark to foster GCC residential ecosystem
Mubasher: GFH Partners, a subsidiary of GFH Financial Group, owned a majority shareholding in Devmark Real Estate Brokers L.L.C, the UAE’s leading real estate development project sales and marketing platform. The transaction marks GFH Partners’ …
Companies Investments
Photo Gallery
23 November 07:37 PM Cityscape Global 2025 concludes with SAR 237bn in deals
Riyadh - Mubasher: Cityscape Global 2025 exhibition concluded in Riyadh, where real estate transactions exceeded SAR 237 billion with the participation of major local and international companies, the Saudi Press Agency (SPA) reported. This year's …
Event
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19 November 02:54 PM Madinet Masr expands in Saudi market via Citydom
Cairo - Mubasher: Madinet Masr Housing and Development has formed a 50/50 joint venture (JV) with Waheej Real Estate to develop sustainable, modern urban communities in Riyadh. The JV, named Citydom, will explore land acquisition within the …
Companies Investments
Photo Archive
19 November 12:15 PM Dallah Healthcare launches SAR 1.2bn real estate investment fund
Riyadh - Mubasher: Dallah Healthcare Company has launched a private real estate investment fund exceeding SAR 1.20 billion, according to a bourse filing. The fund, known as the Wahet Al-Nakheel Fund, aims to develop a mixed-use project on King …
Companies Investments
Photo Archive
18 November 03:51 PM Retal secures SAR 5.2bn residential project award in Riyadh
Riyadh - Mubasher: Retal Urban Development Company has received a letter of award from the National Housing Company (NHC) for a SAR 5.20 billion project in Al Fursan Suburb, Riyadh. The project, awarded on 17 November 2025, involves developing …
Real estate
Photo Archive
11 November 05:56 PM Al Akaria sees 898% higher profits in 9M-25
Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) posted net profits amounting to SAR 268.50 million in the first nine months (9M) of 2025, higher by 898.14% than SAR 26.90 million in 9M-24. The earnings per share (EPS) hit SAR 0.72 as of …
Financial Results
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10 November 04:02 PM Dar Al Arkan logs 55% higher profits in 9M-25
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company logged net profits amounting to SAR 703.57 million in the first nine months (9M) of 2025, an annual hike of 55.15% from SAR 453.46 million. The earnings per share (EPS) increased to …
Real estate
Alandalus Property Company
9 November 11:16 AM Alandalus Property shifts to profitability in Q3-25; net losses shrink 34% in 9M
Riyadh – Mubasher: Alandalus Property Company witnessed a 34.11% decline to SAR 10.39 million in net loss during the first nine months (9M) of 2025 when compared with SAR 15.77 million in 9M-24. The loss per share retreated to SAR 0.11 as of 30 …
Real estate
Photo Archive
5 November 01:54 PM Makkah Construction’s net profits rise 17% in 9M-25
Riyadh - Mubasher: Makkah Construction and Development Company registered net profits totaling SAR 380 million in the first nine months (9M) of 2025, marking an annual increase of 16.92% from SAR 325 million. Revenues jumped by 34.12% to SAR 908 …
Real estate
Photo Gallery
2 November 12:14 PM PIF, JLL sign MoU to reinforce Saudi real estate ecosystem
Riyadh - Mubasher: The Public Investment Fund (PIF) and Jones Lang LaSalle Saudi Arabia Company Limited (JLL) signed a memorandum of understanding (MoU) to support the Kingdom’s real estate industry and enhance the private sector. It aligns with …
Companies Investments
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22 October 02:52 PM Riyad Capital, Saudi Railway launch SAR 6bn real estate fund in Makkah
Riyadh – Mubasher: Riyad Capital has received an appointment letter from the Saudi Arabia Railways (SAR) to establish a real estate fund aimed at developing a mixed-use project based on the Transit Oriented Development (TOD) model. The project …
Real estate
Photo Archive
22 October 11:48 AM Sumou Real Estate inks SAR 135m infrastructure agreement
Riyadh - Mubasher: Sumou Real Estate Company signed an infrastructure contract with Diyar Real Estate Development Fund Company, representing a real estate fund managed by Sedco Capital, on 19 October. The agreement aims to develop and execute …
Companies Investments
Photo Archive
19 October 06:25 PM Al Akaria awards SAR 764m construction agreements for Riyadh projects
Riyadh - Mubasher: Saudi Real Estate Company (Al Akaria) has awarded two contracts worth a combined value of SAR 763.78 million on 15 October for projects in Riyadh. The company awarded a SAR 338.78 million contract to Saudi Real Estate …
Real estate
Photo Archive
15 October 02:27 PM Retal’s unit, PIF-backed ROSHN team up for SAR 462m residential project
Riyadh - Mubasher: Building Construction Company, a subsidiary of Retal Urban Development Company, has inked a SAR 461.90 million contract with ROSHN Group, a Public Investment Fund (PIF) company, on 14 October. The 28-month contract aims to …
Real estate
Photo Archive
2 October 07:20 AM Egypt’s residential market attracts $1.4bn in private capital baked by UAE, KSA
Cairo - Mubasher: Egypt’s real estate market drew $1.40 billion in private capital as demand surges, emerging as one of MENA’s fastest-growing markets. The country now ranks third in construction activity after Saudi Arabia and the UAE, according …
Companies Investments
Photo Archive
1 October 08:59 AM First Avenue to expand development projects via SAR 315m loan
Riyadh - Mubasher: First Avenue for Real Estate Development Company obtained a SAR 315 million Shariah-compliant financing from Bank Aljazira on 29 September. The six-year facility will enable the company to implement its real estate projects and …
Companies Investments
Photo Gallery
30 September 04:58 PM Shomoul Holding seals $150m deal with AlShaya Group
Riyadh - Mubasher: Shomoul Holding, a subsidiary of Mabanee Company, has signed a $150 million agreement with Alshaya Group to open 100 stores at The Avenues in Riyadh. Covering over 50,000 square meters, the project will feature 70 global brands …
Companies Investments
Photo Gallery
29 September 02:09 PM ONE Development enters Egyptian market to expand regional expansion
Cairo - Mubasher: UAE-based ONE Development has officially entered Egypt's real estate market with the launch of DO New Cairo, according to a press release. In partnership with global music icon Amr Diab, the flagship hospitality project’s …
Companies Investments
Photo Gallery
23 September 09:14 AM Arada enters UK market via acquisition of 75% stake in Regal
UAE - Mubasher: Dubai-based master developer Arada has completed the acquisition of a 75% stake in Regal, one of London’s leading residential-led mixed use developers, according to a press release. Arada has also committed an initial GBP 500 …
Real estate
Photo Gallery
18 September 09:40 AM Ladun inks SAR 446m development agreement with NHC
Riyadh - Mubasher: Ladun Investment Company has signed a SAR 446 million sub-development contract with the National Housing Company (NHC) on 16 September 2025. The contract aims to develop more than 400 residential villas in the Al-Mashraqia …
Real estate