Qatar’s real estate trade volume amounts to QR1.574 bn in June
The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice in June 2023 amounted to QR1,574,575,828 (1.574 billion). The data of the real estate analytical bulletin issued by the Ministry of Justice revealed that 301 real estate transactions were recorded during the month. […]
Barwa signs QR3 billion financing deal with QIB
Barwa Real Estate Group has announced signing a new financing agreement for the amount of QR3 billion with Qatar Islamic Bank. The purpose of the new facility is to refinance a part of the Group’s facilities. The term of the new financing is up to 10 years which will support the cash flow of […]
Qatar First Bank AcquiresGateway Plaza Building in the US
The acquisition is the Bank’s eleventh Shari’a compliant real estate investment in the US, located in Richmond, Virginia and reaffirms its strategic direction to secure viable investments in the US Real Estate MarketQatar First Bank LLC (Public) (QFB) has acquired the Gateway Plaza building in Richmond, Virginia, USA. The new acquisition is a Class AA […]
PM visits Cityscape Qatar 2022 exhibition
Prime Minister and Minister of Interior HE Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani visited the 10th edition of the Cityscape Qatar 2022 exhibition held at the Doha Exhibition and Convention Center on Wednesday. During his visit to various sections of the exhibition, the Prime Minister and Minister of Interior was briefed on the […]
The Pearl Island records entry of 90 million vehicles since 2016
United Development Company (UDC), the master developer of The Pearl and Gewan islands, announced that nearly 90 million vehicles entered The Pearl Island since 2016. According to 2021 figures, this constitutes an increase of 77 percent compared to vehicle influx in 2016, while UDC is expecting to receive a significant 19 million vehicles by […]
UDC nears full rental occupancy at The Pearl Island
United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islands, announced that it is approaching full occupancy of its 1123 residences at The Pearl Island, which are currently 93 percent occupied or reserved for upcoming lease. UDC’s residential leasing portfolio covers various units in Porto […]
UDC in deal to develop yachting at Pearl Island
United Development Company (UDC) and Corinthia Group signed a strategic collaboration agreement with Monaco Marina Management (M3) and the Yacht Club de Monaco to develop yachting at The Pearl Island and potentially Qatar. UDC is a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islandsm while Corinthia is […]
Mazaya to develop residential tower in Lusail City for AlNamaa
Mazaya Real Estate Development Company has signed a contract to develop a residential tower in Lusail City for AlNamaa Real Estate Development Company. The contract was signed by Mazaya Vice Chairman and Managing Director Sheikh Hamad bin Mohammed Al Thani and AlNamaa Chairman Sheikh Faisal bin Fahd Al Thani. The building will come up […]
The Big 5 and INDEX to return to Qatar in 2023
World-leading international exhibitions company dmg events has signed a strategic partnership with Qatar-based NeXTfairs to run The Big 5 Construct Qatar and INDEX Design Qatar in Doha in the third quarter of 2023. Scheduled to take place from September 25 to 27, the events represent the latest move in dmg events regional portfolio expansion strategy. […]
Estithmar Holding establish 6 new companies
Estithmar Holding Q.P.S.C announced that some of its subsidiaries have established 6 new companies in different sectors including: tourism, entertainment hospitality and catering. The new companies’ names are: 1. The Palace Hotel: owned by Estithmar Ventures Real Estate Development. 2. Tilal Hotel: owned by Estithmar Ventures Real Estate Development. 3. Cuizina Doha Catering Services: […]