Knight State

: JADWA INVESTMENT INKS $2.4BLN SAUDI REAL ESTATE PROJECT DEALS

Jadwa Investment, a prominent investment management and advisory firm in the Middle East, has awarded contracts valued at SAR 9 billion ($2.4 billion) to meet the rising demand for high-quality residential, commercial, and mixed-use developments in Saudi Arabia. These agreements, signed during the Cityscape Global 2024 event in Riyadh, involve partnerships with key developers such as the Real Estate Development Fund (REDF), Dar Al Majed Company, and Zood Real Estate. The projects align with Jadwa’s vision of supporting Riyadh’s transformation into a global economic and cultural hub.

Headquartered in Riyadh with three regional offices, Jadwa Investment manages over SAR 90 billion ($24 billion) in client assets. Its diverse clientele includes government entities, institutional investors, family offices, and high-net-worth individuals. By undertaking these ambitious projects, Jadwa continues to solidify its role in shaping the kingdom’s dynamic urban and economic landscape.

: REEF LUXURY DEVELOPMENTS TO UNVEIL BOUTIQUE PROJECT IN DUBAI

UAE-based Reef Luxury Developments has announced the launch of Reef 1000, a boutique residential project within the Dubai Land Residential Complex. This AED175 million development is set to transform the luxury housing market, featuring 125 unique homes with a variety of floor plans. Options range from studio units in four layouts, one-bedroom units in eight variations, and two-bedroom units in six styles, to exclusive duplex townhouses available in four configurations.

Reef 1000 offers residents an array of premium amenities, including a patented, climate-controlled sunken garden designed for outdoor enjoyment even in the UAE’s hot climate. This innovative feature marks a significant advancement in real estate design, providing a comfortable space for relaxation and socializing, regardless of the weather. The sunken garden concept sets a new standard for luxury living in the UAE, blending practical solutions with modern comfort.

: REAL ESTATE MARKET SEES STRONG ACTIVITY IN OCTOBER

During the first ten days of October, Kuwait recorded 184 real estate transactions valued at approximately KD 131.97 million, according to statistics from the Real Estate Brokers Union. The private real estate sector dominated in both deal numbers and value, accounting for 75.5% of the transactions with 139 deals totaling KD 65.22 million. This represented 49.4% of the total transaction value during this period. The investment real estate sector followed, with 38 deals worth KD 33.22 million, while the commercial sector secured third place with four deals totaling KD 26.2 million. The crafts and exhibition sectors closed the list, recording two deals worth KD 2.53 million and one deal valued at KD 4.8 million, respectively.

Ahmadi Governorate saw the highest number of real estate transactions with 60 deals, 42 of which were in the private sector and 18 in the investment sector. The Capital Governorate followed with 35 deals across the private, investment, and commercial sectors. Farwaniya ranked third with 28 deals, while Hawally had 26 deals primarily in the private and investment sectors. Mubarak Al-Kabeer and Jahra followed with 18 and 17 deals, respectively, contributing to the overall dynamic of Kuwait's real estate market.

: RAQ DEVELOPMENT LAUNCHES $123MLN RESIDENTIAL PROJECT IN 10th OF RAMADAN CITY

RAQ Development has launched its Zawat Residence project in 10th of Ramadan City, covering 20 feddans with investments exceeding EGP 6 billion. The project offers a variety of competitive advantages designed to meet the diverse needs and preferences of its customers. This strategic development is expected to enhance the real estate landscape of the city, catering to different segments of buyers.

According to Chief Commercial Officer Ahmed El-Badry, the project will be completed in multiple phases. Impressively, over 40% of the first phase units were sold within six hours of the launch and reservation opening. El-Badry emphasized that the company’s name, derived from the concept of elegance, reflects its core philosophy of delivering high-quality developments.