Barwa Real Estate Group has reported a net profit of QR1.50 billion for the year ending December 31, 2019, with earnings per share amounting to QR0.39, the company announced in a statement on Wednesday.
The board of directors has proposed to the general assembly to distribute a cash dividend QR 0.20 per share to the shareholders.
Despite the challenges faced the real estate market during the year 2019, Barwa has worked hard to accommodate these challenges and reduce their impact as much as possible.
Barwa"...

Doha: Supreme Committee for Delivery & Legacy has declared opening application of accommodation requests for housing units to serve FIFA World Cup 2022, and has signed a memorandum of understanding with the Ministry of Administrative Development, Labor and Social Affairs, coupled with high expectations of stabilised real estate price index, according to Ezdan Real Estate report.

The new procedures are expected to encourage landlords and investors"...

DOHA: The trading volume in Qatar's real estates market increased by 20 percent to QR1.52bn in February 2020 compared to the previous month, according to data from the Ministry of Justice’s real estate registration department.

The monthly real estate data analysis showed that 359 real estate transactions were recorded during the month, QNA reports.

In terms of"...

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 Executive Officer of AMAALA, Nicholas Naples, said: “AMAALA carves a unique positioning within the global hospitality portfolio, catering to select travellers looking for innovative experiential escapes. Our ambition is to create personalised"...

The major road development projects, being implemented under the ‘Expressway Programme’, are expected to be completed by the end of this year or early next year, however, there is a long list of other shovel-ready projects which will keep creating job opportunities worth billions of riyals for local companies, which will continue until 2030, said a senior official of the Public Works Authority (Ashghal).

The other infrastructure developmental"...

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 Real Estate Income Fund.

Located in the heart of the Philadelphia Navy Yard complex, one of the premier business parks in the Northeastern United States, the property"...

Doha: Real estate property developers and contracting companies are bullish about the performance of the Qatari market, especially for the housing and residential segment, for 2020 and beyond.

The residential property market is expected to rebound and witness sustained growth on the back of steady rise in population and continued government support, especially in the form of massive spending on infrastructure development, investment in energy-related"...

Construction firm Lecon is banking on its global expertise in making a mark in Qatar’s home construction sector. Established a year ago in Doha, Lecon brings with it an extensive experience it has gained from prestigious projects such as the Grand Istanbul Airport, Baku Olympics Stadium, Muscat International Airport and Rixious Holiday Centre in Quba, Azerbaijan.
Through its international partners, Lecon can deliver architectural styles from across the world — be it European, Turkish or Arabic, said Lecon’s"...

The three-day Build Your Home 2020 exhibition came to an end at the Qatar National Convention Centre on Wednesday, with its organiser expressing confidence the event would have set a turnout record.
The exact numbers of the visitors over the past three days weren’t available on Wednesday but the organisers —NeXTFairs — said it expected more than 7,000 to have visited the event.
The BYH 2020, which opened on Monday, was a new-format exhibition that sought to cater to the construction, fit-out"...

DOHA: Real estate price index has grown last week on significant weighty property sale deals that exceeded QR50m, which raised the total sale deals values, according to a recent report by Ezdan Real Estate Company. Some municipalities have seen hefty transactions with a value worth of QR30m, signaling recovery impacts on real estate market performance during the week from 23-27 February, the report added.

Commenting on property sale deals clinched"...