Saudi Arabia’s Dar Al Arkan to raise $600 mn through sukuk
The sukuk offers an interest rate of 7% and is due on 2025
Emaar’s $500 mn sukuk is listed on Nasdaq Dubai
The capital raised will help Emaar’s regional and international expansion plans
Outbound Middle East real estate investment rises 62%
Majority of this investment has been made in Northern Europe or North America
Human capital makes Bahrain top destination for proptech
Friendly business environment and digital infrastructure in Bahrain give the country an edge in the MENA region
Dh106 bn property deals done in Dubai in the first five months of 2019
48 new projects were launched during this period which will add around 8000 residential units to the market
Lendlease to raise S$1.03 bn by listing a new REIT in Singapore
About 387.5 mn units of the REIT will be offered under the IPO at S$0.88 each
Blackstone raises $20.5 bn in largest ever real estate fund
The fund known as Blackstone Real Estate Partners IX will invest in properties worldwide
China Yuanbang invests in property development
The company has forwarded the loan to Guangzhou Jiadi Xindu and Kaiping Qingshi Auto Parts at an interest rate of 16% per annum
Brazil’s QuintoAndar secures $250 mn SoftBank led funding
With the new funding from SoftBank, the Brazilian company enters the unicorn territory with a valuation of over $1 bn
Aldar launches its first Dh722 mn Saadiyat community
Covering an area 422,370 square metres, the project features 1306 villa plots ranging between 600 to 1,400 square metres
Dubai’s housing prices likely to fall for another year: Experts
A slowing economy and oversupply in the market are some the major reasons for the price fall