Trade Arabia reports a significant surge in Dubai commercial property sales activity during the first half of the year, citing market data.
Published by Trade Arabia. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Al Ramz Real Estate Company (Saudi-listed) signed agreements to acquire the remaining units in the Al Ahli Aleen Enbar Real Estate Fund -- owner of the Qurtuba 2 mixed-use project in Riyadh -- from the fund's other unitholders for SAR 133 million ($35.5 million), raising Al Ramz's ownership from 23% to 100%. Qurtuba 2 spans about 130,386 sqm along Prince Mohammed bin Salman Road with roughly 1,800 residential units and 250 commercial/office units.
MGX and partners from Abu Dhabi have completed a major acquisition of a US-based data centre operator for $40 billion, marking a significant cross-border investment in digital infrastructure.
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