Al Mazaya Holding Company

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Recent Articles

• First Dubai posts 1,130% profit rise21 October 2008

  Real estate company says profits for 2008 so far hit $130mn, compared to $10mn previous year.

• Real estate chiefs dismiss 'correction' reports19 October 2008

  Property companies says Gulf, and UAE in particular, is still good place to invest.

• Al Mazaya announces share buyback proposal13 October 2008

  Real estate developer reveals plan to boost price after recent slump.

• Al Mazaya pushing ahead with IPO7 October 2008

  Kuwait-based developer will launch IPO in Qatar next month despite market turmoil, VP says.

• Al Mazaya Qatar plans $137mn IPO in Q44 August 2008

  Company to invest in development, property management and portfolio funds.

• Al Mazaya to throw billions at KSA21 June 2008

  Kuwait-based property developer Al Mazaya Holding has established a branch in Saudi Arabia with a view to developing three projects worth a total of US $1.06 billion (SAR4 billion) in the first year of its operation.

• Amlak, Mazaya salvage Skygardens deal10 June 2008

  UPDATE 1: Amlak agrees to buy 80% of tower after dispute threatened deal.

• Amlak seeking damages as property deal falls through1 June 2008

  Dubai Islamic mortgage lender seeking $22.3mn from First Dubai over Sky Gardens.

• Al Mazaya’s US $100mn property fund plan9 February 2008

  Al Mazaya Holding has established a US $100 million property fund in alliance with Access Group, a partner of financial consultant, Grant Thornton International.

• Al Mazaya invests in downtown Jebel Ali8 December 2007

  Kuwaiti-based property developer Al Mazaya Holding plans to invest US $1.4 billion (AED 5 billion) to construct buildings in nine plots within the Downtown Jebel Ali project, a masterplanned community being developed by Limitless, Dubai World's global real estate arm.

• Real estate expert: boom to continue28 November 2007

  BIG 5: The oil boom and petrodollar recycling are creating a strong basis for a new Gulf real estate renaissance capable of withstanding future cyclical downturns, according to Khalid Esbaitah, executive manager and CEO of Al Mazaya Holding.

• Al Mazaya profit boost16 November 2007

  Kuwait-based property developer, Al Mazaya Holding, has announced substantial profits during the first nine months of this year.

• GCC awarded Business Avenue contract11 September 2007

  General Construction Company (GCC) has been appointed as the main contractor on the Al Mazaya Business Avenue project.

• Al Mulla inks contract5 September 2007

  Al Mulla Group is to undertake a full MEP package for the 7 Zones project in Kuwait.

• MEP deal for Al Mulla in Kuwait27 August 2007

  The group wins $7 million contract from Al Mazaya Holding to supply MEP systems for Kuwait City project.

• Simplex wins resi package in Dubailand3 August 2007

  Al Mazaya Holding has appointed Simplex Infrastructures and Model Engineering Contracting as the main contractor for the construction of 1,031 units on its Queue Point project in Dubailand.

• GCC wins $218mn Business Avenue build31 July 2007

  Property developer Al Mazaya has named General Construction Company as main contractor for its landmark commercial project.

• Research holdups blamed for property index delays21 July 2007

  The region's first ever real estate index was delayed due to "underestimations" in time allowed for research, Arabian Business can reveal.

• Mazaya monitors GCC property market20 July 2007

  Al Mazaya Holding has launched the Al Mazaya real estate index on www.mazayaindex.com, to monitor property movement in the GCC across a variety of realty sectors.

• Property Index aids investors 17 July 2007

  Local property firm Al Mazaya Holding has launched the Al Mazaya real estate index online.

• Mazaya awards JLT deal1 June 2007

  Kuwaiti developer, Al Mazaya Holding, has awarded a US $220 million (AED800 million) contract to General Construction Company for the construction of three buildings in Jumeirah Lake Towers.

• Revealed: Gulf's most admired companies14 April 2007

  Arabian Business has published its '50 Most Admired' list of regional companies.

• Al Mazaya to launch $100m Dubai fund24 March 2007

  Kuwaiti investment group is set to launch a luxury property fund this week.

• Al Mazaya scoops profit9 February 2007

  Real estate group Al Mazaya Holding has achieved a net profit of US $82.2 million (AED302 million) during the financial year ending 31 December 2006, compared to $47.9 million from the year 2005

• Kuwait medical centre1 January 2007

  A 4,000m2 medical centre is to be constructed in Kuwait. Al Mazaya Holding has signed with Kuwaiti investor Mohammed Al Hajeri to develop the US $41.5 million (KD12 million) project