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real estate

Mar 11

AMAALA Unveils Denniston as Master Planner of the Island

AMAALA Unveils Denniston as Master Planner of the Island

AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coastline, has announced the appointment of leading architectural firm Denniston as the Master Planners for The Island.

Chief"...

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Mar 09

Rasmala Acquires Research and Development Facility in the United States for USD 61 million

Rasmala Acquires Research and Development Facility in the United States for USD 61 million

Rasmala Investment Bank Limited (‘Rasmala’) a leading alternative investment manager, today announced the acquisition of a state-of-the-art research and development facility in Philadelphia, United States for USD 61 million. The asset was acquired by the Rasmala North American"...

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Mar 01

AMAALA appoints Foster + Partners as Architectural Advisors

AMAALA appoints Foster + Partners as Architectural Advisors

AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coastline, has announced the appointment of British award-winning architectural design and engineering firm, Foster + Partners. The firm will act as Architectural Advisors of the development.

Rooted"...

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Feb 27

Interest rate cuts on subsidized housing loans

Interest rate cuts on subsidized housing loans

The Central Bank (BDL) has reduced the interest rates on subsidized housing loans and set the end of March as a deadline to start applying the new rates, according to a new BDL circular.

The interest on loans provided by Banque de l’Habitat (Housing Bank) will be calculated"...

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Feb 13

Real estate developers are calling on bank cooperation

Real estate developers are calling on bank cooperation

The Real Estate Development Association (REDAL) issued a statement decrying the pressure they claim banks are exercising on them. The statement said that the recent surge in sales is not an indicator that the developers’ situation is improving.

At a time when real estate"...

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Feb 09

World Bank: More people living in poverty in Lebanon

World Bank: More people living in poverty in Lebanon

BEIRUT: There is an increase in the number of people living below the poverty line in Lebanon, said the director of the World Bank’s Mashreq Department, which covers Lebanon, Iraq, Syria, Jordan and Iran.

Saroj"...

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Feb 09

Recent investments in property benefits Lebanese real estate developers and buyers

Recent investments in property benefits Lebanese real estate developers and buyers

The 1st century Arab poet Al-Mutanabbi could be describing a current scenario in Lebanon when he wrote “masa’eb kawm ‘and kawm fawa’id,” that what is seen as a catastrophe by some is an opportunity for others.

The"...

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