Latest news with #luxuryhousing
Al Arabiya
3 hours ago
- Business
- Al Arabiya
Saudi housing minister on sustainable growth and DarGlobal CEO on HNWI investor demands
In this episode of The Riyal Deal, Tom Burges Watson speaks exclusively with the CEO of DarGlobal, Ziad El Chaar on how the international arm of the Saudi company Dar Al Arkan is finding a growing demand for luxury housing at home in Saudi Arabia, how the Kingdom is attracting a growing number of high net worth individuals, and the appeal of the Trump brand. Separately, the Saudi Housing Minister Majid Al-Hogail tells Al Arabiya English the plans in place to sustainably grow the sector and attract investments. Ali Raza, Strategic Advisor to the Saudi Arabia Holding Company provides an overview of the sector and its potential in the long term. Guests:
Trade Arabia
24-05-2025
- Business
- Trade Arabia
Bahrain Marina Phase I project work 50% completed
Bahrain Marina Development Company (BMDC) has announced significant progress on its prime development - Bahrain Marina project, with a 50% completion rate in the first phase of the project, reflecting the company's commitment to executing the works on schedule, in preparation for the delivery of the project in the last quarter of 2026. BMDC said work on the project site is proceeding at a steady and accelerated pace, in a clear indication of the efficiency of the work teams and their keenness to implement the project according to the highest standards of quality and excellence. "The progress achieved to date on the project is not only a construction achievement, but a living embodiment of an ambitious strategic vision that the company has set since its inception," remarked its Chairman Khalid Najibi. "Reaching 50% of the first phase underscores our commitment to delivering a quality project that will redefine the concept of waterfront and luxury housing in the Kingdom of Bahrain," stated Najibi. "We are not only developing buildings, but we are establishing an integrated urban system that improves the quality of life and opens up wide horizons for investment in the real estate, tourism and commercial sectors," he added. Bahrain Marina is one of the most prominent development projects in the Kingdom, located on the eastern waterfront of the capital, Manama, and extends over an area of more than 250,000 sq m, and includes integrated residential, commercial, recreational and tourist facilities, including luxury residential units with a freehold system, a five-star hotel, a yacht marina, and a marine club. It also boasts vast green spaces and a high-end commercial complex, making it a project that sets new standards for high-end modern life in the Kingdom of Bahrain. Giving a project update, BMDC said the work on its luxury residential tower "Bahrain Marina Residence" is moving at a steady pace with the tower nearing 25% completion. The construction in the tower reached the fifteenth floor out of 20 floors, in a remarkable engineering achievement within one of the finest and most prominent modern urban facades of Bahrain, it stated. Najibi said: "This progress would not have been possible without the official support we enjoy, the trust of our partners, the dedication of national talent working within the design and implementation teams, and our commitment to the highest international standards and practices in project management." "We believe that the Bahrain Marina project is one of the main pillars in supporting the economic vision of the Kingdom of Bahrain, as it provides an integrated model for sustainable development that reflects the aspirations of individuals and investors, and enhances the Kingdom's position as a leading regional center for tourism and investment," he noted. Yousuf Al Thawadi, Managing Director of Bahrain Marina Development Company, said the project was proceeding according to the highest construction and engineering standards. "The progress of the construction works in Bahrain Marina Residence Tower and its arrival on the 15th floor is a testament to the attention we pay to the smallest details of the implementation, and we consider this project a high-end urban façade that combines unique architectural design and integrated quality of life," he noted.
Zawya
08-05-2025
- Business
- Zawya
Oman: Al Nama Real Estate unveils Opal Residence project in Muscat Hills
Muscat: Al Nama Real Estate launched Opal Residence project, its largest real estate project for 2025, in Muscat Hills on Monday. The launch ceremony was held under the patronage of His Highness Sayyid Marwan bin Turki Al Said, Governor of Dhofar. The project is being developed in an area of 41, 000 square metres and includes 279 residential units and 23 commercial units. The project accommodates two underground floors and one ground floor and other seven floors. Opal Residence also accommodates an overhead pathway of 400 metres in length with the largest swimming pool in Muscat Hills. In addition the project will have dedicated recreational and sports facilities such as a gym, sauna, and relaxation area among other amenities. Sheikh Is'haq bin Abdullah Al Hoqani, Chief Executive Officer of Al Nama Real Estate said that the new residential project will be a new qualitative addition to the real estate sector and to the luxury residence segment. He said that the project is the result of a clear vision, precise planning and a passion for introducing an unmatched housing experience and amazing architectural design. He said that the selection of Muscat Hill area for developing the project was its strategic location and the ease of access to the other vital areas in Muscat Governorate. He said that the company with its 23 year history since incorporation reaffirmed its commitment to continue development of its services and expand the scope of business on the back of a well-experienced work team and consistent with principles and values and transparency. The launch ceremony was attended by a number of members of the Royal Family, ministers, undersecretaries, diplomats, businessmen and developers. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
07-05-2025
- Business
- Times of Oman
Al Nama Real Estate unveils Opal Residence project in Muscat Hills
Muscat: Al Nama Real Estate launched Opal Residence project, its largest real estate project for 2025, in Muscat Hills on Monday. The launch ceremony was held under the patronage of His Highness Sayyid Marwan bin Turki Al Said, Governor of Dhofar. The project is being developed in an area of 41, 000 square metres and includes 279 residential units and 23 commercial units. The project accommodates two underground floors and one ground floor and other seven floors. Opal Residence also accommodates an overhead pathway of 400 metres in length with the largest swimming pool in Muscat Hills. In addition the project will have dedicated recreational and sports facilities such as a gym, sauna, and relaxation area among other amenities. Sheikh Is'haq bin Abdullah Al Hoqani, Chief Executive Officer of Al Nama Real Estate said that the new residential project will be a new qualitative addition to the real estate sector and to the luxury residence segment. He said that the project is the result of a clear vision, precise planning and a passion for introducing an unmatched housing experience and amazing architectural design. He said that the selection of Muscat Hill area for developing the project was its strategic location and the ease of access to the other vital areas in Muscat Governorate. He said that the company with its 23 year history since incorporation reaffirmed its commitment to continue development of its services and expand the scope of business on the back of a well-experienced work team and consistent with principles and values and transparency. The launch ceremony was attended by a number of members of the Royal Family, ministers, undersecretaries, diplomats, businessmen and developers.
Times of Oman
07-05-2025
- Business
- Times of Oman
Al Namaa Real Estate unveils Opal Residence project in Muscat Hills
Muscat: Al Nama Real Estate launched Opal Residence project, its largest real estate project for 2025, in Muscat Hills on Monday. The launch ceremony was held under the patronage of His Highness Sayyid Marwan bin Turki Al Said, Governor of Dhofar. The project is being developed in an area of 41, 000 square metres and includes 279 residential units and 23 commercial units. The project accommodates two underground floors and one ground floor and other seven floors. Opal Residence also accommodates an overhead pathway of 400 metres in length with the largest swimming pool in Muscat Hills. In addition the project will have dedicated recreational and sports facilities such as a gym, sauna, and relaxation area among other amenities. Sheikh Is'haq bin Abdullah Al Hoqani, Chief Executive Officer of Al Nama Real Estate said that the new residential project will be a new qualitative addition to the real estate sector and to the luxury residence segment. He said that the project is the result of a clear vision, precise planning and a passion for introducing an unmatched housing experience and amazing architectural design. He said that the selection of Muscat Hill area for developing the project was its strategic location and the ease of access to the other vital areas in Muscat Governorate. He said that the company with its 23 year history since incorporation reaffirmed its commitment to continue development of its services and expand the scope of business on the back of a well-experienced work team and consistent with principles and values and transparency. The launch ceremony was attended by a number of members of the Royal Family, ministers, undersecretaries, diplomats, businessmen and developers.
