The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project in Saudi Arabia, has closed a SR14.12 billion ($3.76 billion) term loan facility and revolving credit facility with four Saudi banks.
Qatar-based Namaa Doha Real Estate has broken ground on its high-end villas project within Giardino Village, located in the premium neighbourhood of The Pearl in close proximity to the retail centres of Medina Centrale and Porto Arabia.
Fontana Real Estate has announced the opening of its largest residential towers in Bahrain, Fontana Infinity, providing its residents a luxurious resort-style living. Built on a 130,000-sq-m area, Fontana Infinity is located on Prince Saud Al Faisal Street in the new Juffair area.
Binghatti Developers, a leading real estate development company in the UAE, has announced the launch of its new residential project, Binghatti Mirage, being built at an investment of AED200 million ($54.6 million) in Jumeirah Village Circle (JVC), Dubai.
Leading UAE developer Aldar Properties has announced the launch of Noya Viva, the next phase of its premium Noya development on Yas Island, Abu Dhabi. The community is open for buyers from all nationalities on a freehold basis.
Bloom Properties has announced that it has begun the handover of luxurious apartments within its premium development, Bloom Towers, located in Jumeirah Village Circle (JVC), Dubai. The project consists of three residential towers with a total of 944 contemporary apartments – ranging from studios to three-bedroom units.
UAE-based Azizi Developments has awarded Stromek Emirates Foundations the shoring, excavation, and dewatering works contract for Phase Three of its Riviera waterfront lifestyle community project.
DMCC, the world’s flagship free zone and Dubai authority on commodities trade and enterprise, has announced the signing of a sale and purchase agreement with REIT Development to establish the largest precious metals refinery and storage facility across the GCC and the first to be completely enabled by blockchain in the GCC.
TMKN completes $217m Abu Dhabi mixed-use project TMKN Property of the UAE has announced the completion of a mixed-use project, Al Jimi Avenue in Abu Dhabi, at a total cost of AED800 million ($217 million).
