The developer of Riyadh’s landmark business district, KAFD DMC, has secured a SAR 12 billion senior-secured Murabaha funding facility. Spanning a 15-year term, this marks the company’s first independently raised debt package. Arranged by Al Rajhi Capital alongside a syndicate of ten local and regional banks, the oversubscribed facility will fund further commercial asset delivery and infrastructure expansion across the premier financial hub.
Saudi Arabia's Minister of Municipalities and Housing, Majid bin Abdullah Al-Hogail, has secured housing projects worth over 1.9 billion riyals during an official visit to China. The trip featured the signing of six major agreements alongside the launch of the Saudi-Chinese Contractors Forum. These deals form part of a broader bilateral strategy to construct 100,000 homes in the Kingdom by 2030.
Marcus and Millichap Capital Corporation has arranged an 85 million USD construction loan for a 297,771-square-foot mixed-use scheme in Beverly Hills. The six-story development at 55 North La Cienega Boulevard will deliver 140 luxury apartments and 13,303 square feet of retail space. It is expected to become the largest residential complex in the history of Beverly Hills.
The Egyptian Kuwaiti Real Estate Development Company and Hassan Allam Holding subsidiary Grova West have partnered to build a mixed-use project in West Cairo. Spanning 295 acres in Sheikh Zayed City, the venture represents an investment expected to exceed EGP 250 billion. The development will feature a blend of residential apartments, villas, commercial spaces and medical facilities managed entirely by Grova West.
Kennedy Wilson has partnered with Dutch pension investor APG to form a 2 billion euro residential joint venture in Ireland. The platform will manage and develop over 3,400 private rented homes across Dublin. This includes taking a minority stake in the Cherrywood portfolio and building 2,300 new units on brownfield sites, increasing Kennedy Wilson's managed Irish portfolio to 6,900 homes.
Reportage Group has officially started construction on Sensi, a luxury housing development situated on Saadiyat Island in Abu Dhabi. The groundbreaking event took place on 05 June 2026, just five months after the initial project launch. This marks the developer's first project in the culturally significant district, aiming to deliver upscale architecture combined with competitive pricing for investors and homeowners.
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