Norwegian star Erling Haaland, the striker of Manchester City English Club, has bought a 5-bedroom villa in the Manchester City Yas Residences by Ohana project in Abu Dhabi, coinciding with the launch of the second phase of the real estate project developed by Ohana Developments with a total declared value of about $4.08 billion (15 billion dirhams).The company announced the launch of a new set of residential townhouses and villas in the second phase, with sales starting on October 19, 2026, with an average price of about $1.02 million (AED 3.75 million) for two-bedroom townhouses.The company did not disclose the value of the villa purchased by Haaland or its area, and did not announce the prices of the rest of the categories of housing units offered in the new phase.Prices of Villas and…

The National Fund for Housing and Reconstruction in Sudan launched the one million productive housing units project, in a move aimed at supporting reconstruction and enhancing housing stability, in addition to moving economic and social activity in the country, by linking the provision of housing with development and production opportunities.The Acting Secretary-General of the Council of Ministers, Babakr Ali Al-Khair, announced the launch of the project during a workshop dedicated to discussing the mechanisms of its implementation, with the participation of government officials and representatives of states, universities and professional associations, as well as experts, specialists, companies working in real estate development, banking and insurance institutions.He said that the project…

The United Real Estate Company, listed on the Kuwait Stock Exchange, in cooperation with the South Eastern Governorate, has laid the foundation stone for the integrated “Shamkhiya” project in the state of Masira in the Sultanate of Oman, in a move that officially launches the implementation phase of one of the most promising tourism and real estate projects in the governorate.The project comes within the framework of the company’s drive to enhance its investment and commercial presence in the Sultanate of Oman, based on the Sultanate’s investment and developmental capabilities, and a stable and stimulating environment for business, and reflects the extension of historical and brotherly relations between Kuwait and the Sultanate of Oman, according to Al-Rai…

Oman's Ministry of Housing and Urban Planning has invited bids for the construction of an Integrated Operations and Control Centre (IOCC) building under Phase 1 of the Sultan Haitham City development in Muscat. The tender Work Package 11B (WP11B) includes an integrated command and control centre, a high-performance data centre and a public gallery designed to educate visitors about digital infrastructure, data and technology. Tender documents are available for purchase from 30 September to 28 October 2026, according to the tender notice. The deadline for submitting bids is 9 November 2026, with priced bids scheduled to be opened on the same day. The project forms part of the first phase of Sultan Haitham City. The tender statement didn’t elaborate on full contract scope, data…

Arab Finance: Emaar Misr for Development’s board has unanimously approved appointing BDO Keys Financial Consulting S.A.E. to set the fair value of the company’s and Sky Tower for Real Estate Development's shares and determine the swap ratio between the two companies for Emaar Misr's planned acquisition of the remaining 75% of Sky Tower, as per a disclosure. The transaction would increase Emaar Misr’s ownership of Sky Tower to up to 100%. The company’s extraordinary general assembly authorized the acquisition through a share swap on July 18, 2024. BDO Keys is an independent financial adviser registered with the Financial Regulatory Authority (FRA). It is worth noting that Emaar Misr reported consolidated profits after tax attributable to the parent of EGP 5.555…

Emaar Properties, listed on the Dubai Financial Market, is preparing to hold its general assembly meeting on November 4, 2026, to vote on the Board’s proposal to distribute exceptional single dividends to shareholders, according to a disclosure published on the Dubai Financial Market.The total value of the proposed distributions is approximately AED 4.4 billion, equivalent to AED 0.50 per share, with implementation remaining subject to the approval of the General Assembly.The financial markets are awaiting the final decision of the shareholders on the distributions, along with the rest of the items on the agenda of the meeting, in light of the investors' interest in the company's directions on the return on shareholders.Investors are waiting for the decision of the General…

A subsidiary of Kuwait Financial Centre in the United States has signed an agreement to sell an investment property, according to a disclosure published on the Kuwait Stock Exchange on Monday.The Center explained that the completion of the sale process remains conditional on the fulfillment of a set of conditions and procedures agreed upon between the parties concerned with the deal.It is expected that the agreement will be reflected in the accounting classification of the property; the book value will be reclassified from the item of real estate investments to the item of assets held for sale during the fourth quarter of 2026.Disclosure of the financial impact after the completion of the saleThe company confirmed that the final financial impact of the transaction on the consolidated…

The Extraordinary General Assembly of Al Seef Real Estate Company, listed on the Bahrain Bourse, scheduled for October 11, 2026, was postponed after the quorum needed to be held could not be completed.The percentage of shareholders, originality and agency, about 63.34%, to decide the company to set 18 October 2026 a new date for the meeting, at the same place and date.The meeting was dedicated to a vote on a set of decisions related to the acquisition deal proposed by GFH Financial Group on an additional stake in Al Seef Properties, raising its indirect ownership to about 50.07% of the issued and paid-up capital.    The agenda includes a vote on the sale of 7.687 million shares. Represents 1.67% of the company’s capitalDetails of the shares included in the acquisition…

The Board of Directors of Inmar Real Estate Investment and Development Company, listed on the Saudi market, recommended the adoption of a policy for the distribution of cash dividends for the fiscal years 2027, 2028 and 2029, in order to provide a clearer vision for shareholders on the targeted distributions over the next three years.The company confirmed that the Board of Directors issued its recommendation to pass on October 11, 2026, noting that the policy includes the targeting of the distribution of annual cash dividends of a minimum of 0.80 riyals per share for the fiscal year 2027, 1.00 riyals per share for the year 2028, and 1.20 riyals per share for the year 2029, according to a statement of the company on "Tadawul" on Monday.She pointed out that the targeted distributions will…

Saudi Arabia’s seasonally adjusted Al Rajhi Financial Index for the seasonally adjusted construction sector, in collaboration with S&P Global, fell slightly to 54.4 points in September 2026, compared to 55.4 points in August.This is the fifth edition of the Saudi Construction Sector’s Al Rajhi Financial Index, a new monthly survey of 200 carefully selected construction companies, ensuring that they accurately represent the true structure of the Saudi construction sector. According to the latest survey, there is a strong rise in the level of activity of the Saudi construction sector, continuing the recovery chain that began in May 2026, and all three sub-sectors recorded a rise in business, and the best-performing sectors included both residential construction and…

The latest real estate price data in Dubai in September 2026 showed an 8.3% year-on-year decline in the average price of apartments, while the average price of villas’ square foot fell by 7.7%, while the average price of townhouses fell by 13.3%, according to data from DXB Interact, which specializes in real estate data, which was seen by Al Masdar Real Estate platform.The data revealed a clear disparity in the price movement of apartments and villas in Dubai in addition to townhouses, whether between properties sold directly from real estate developers in Dubai, which constitute the primary market, or real estate traded in the resale market, i.e. the secondary market, with villas sold from developers recording the highest rise in the price of square foot by 21.8% compared to…

The Board of Directors of Amlak International Finance Company, listed on the Saudi market, confirmed the distribution of cash dividends of SAR 30.58 million to shareholders for the first half of 2026, at SAR 0.30 per share, representing 3% of the nominal value of the share.The company pointed out that the total shares due to profits amounted to 101.925 million shares, explaining that the distribution decision was issued on October 8, 2026, after obtaining the no objection of the Saudi Central Bank, according to the company's statement on "Tadawul", on Sunday.    Total dividends are 101.925 million shares and the distribution decision was issued on October 8, 2026The company also set October 18, 2026 as the date for the maturity of the dividends for the shareholders who own the…