The Rezidor Hotel Group will bring its fresh and energetic mid-market brand Park Inn to the holy city of Makkah in Q1-2009: The Al Diyafa Park Inn Makkah will be in the Al Zahir area approximately three kilometres from the Haram, the mosque of the prophet. It adds 221 rooms to the Rezidor portfolio – [...]

Aconex has been selected to provide its web-based project collaboration service to the new beachfront Marriott Renaissance Hotel development in the Kingdom of Bahrain.
Aconex will allow project participants to manage all their project information online – saving time, cutting administrative costs and reducing risk.
The 323-room Renaissance Bahrain Amwaj Islands Hotel is being constructed on a [...]

Gulf Finance House (GFH), the leading Islamic investment bank, today announces the expansion of its integrated infrastructure and real estate development division. Headed by Keith Parker, a senior executive director of the Bank, this function combines the origination, financing and development capabilities of GFH under one management structure.
The creation of this stand-alone division is a [...]

Signaling the start of development of the first phase of the US$ 1.4 billion Gateway to Morocco project in the Kingdom of Morocco, H.E. Mizwar Salahuddin, Minister of Industry & Commerce, today formally inaugurated the Royal Resort Cap Malabata Client Relations Centre (CRC).
A unique mixed-use tourism, commercial and residential destination in the city of Tangiers, [...]

New World Real Estate (NWRE), one of the leading real estate companies in the Middle East has notched up an impressive record by achieving sales to the tune of AED1.1 billion for The Living Legends Project by Saudi Arabia-based real-estate and investment group Tanmiyat, during the year 2006.
NWRE walked away with the top honours at [...]

ACE UK has launched an online agency agreement to enable larger numbers of brokers to trade with the company using a range of e-commerce distribution platforms.
The new online agency agreement is an important element of ACE’s eCommerce strategy, providing brokers with greater choice of access to a broad range of products through a number of [...]

Marina West, Bahrain’s first residential beachfront community, has launched sales of the development’s luxury freehold apartments, duplexes, simplexes and penthouse suites.
The one, two, three and four bedroom freehold residences currently available within the 75,000 square metre master-planned gated community begin at a price of BD47,000 with floor space ranging in size from 92 to 447 [...]

CapitaLand Group, a global real estate developer with US$14.7 billion market capiltisation and presence in 80 cities, has announced plans to build $800 million Raffles City as part of an integrated development of the Bahrain Bay project.
Raffles City Bahrain will be first in the Middle East after similar brand names have become major attractions on [...]

TAIB Bank B.S.C.(c), the Bahrain-based private bank, today announced the incorporation of Acacia Real Estate Limited, BVI, (’ACACIA’), a new US$ 500 million company that will provide a diverse range of conventional and Shariah-compliant investments focused on income generating properties and select development projects.
The company will start with an initial paid-up capital of US$ 150 [...]

As of December 11, 2006, Kuwait Stock Exchange (KSE) traders will be able to deal in shares of Arkan Al-Kuwait Real Estate Co., established by Gulf Investment House (GIH) in August 2003.
Arkan’s Managing Director Bader Al-Ameeri said on this occasion that the listing reflected the trust the company had forged with KSE officials, which landed [...]

Industry sources recently revealed that Banyan Tree Desert Spa & Resort will formally open during the first quarter of the coming year 2007.
The Bahrain-based Al Areen Holding Company, which made the announcement, will also be participating in Cityscape 2006, the world’s largest business to business International Property Exhibition, which is being held in Dubai, from [...]

Bahrain-based Al Kawathar Real Estate, announces the launch of the Al Duaa Marina Tower, an AED200 million residential development on the water front at Dubai Marina.
Aspire Real Estate, a leading International real estate marketing company has been chosen as the exclusive marketing partner for this prestigious development.
The Al Duaa Marina Tower is a 25 floor [...]