Dar Al Arkan lists $600 mn sukuk on Nasdaq Dubai
The sukuk, which has a coupon rate of 6.75%, was oversubscribed by more than two-fold
Dubai property price drop to slow down in 2020
The market will see a 5% to 7% correction as demand increases, according to local media reports
Dubai’s Manrre REIT to expand despite slump in property prices
The fund also plans lists its share on the stock exchange within the next few years
UBS to advise on potential Arabtec-Trojan merger
Dubai-based Shuaa Capital will also act as an adviser on the potential merger
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