REAL ESTATE

20 Aug 2017

Cairo Chamber donates 15 mln pounds for a slum-dweller housing project

Cairo Commerce Chamber announced it has donated 15 million Egyptian pounds ($843,931) in favour of Ahalina, a government-led social housing project serving Cairo's El Salam district to develop slums.

Ibrahim"...

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08 Aug 2017

Concept Real Estate sells 90% of Siela North Coast first phase

The sales of the first phase of Siela North Coast that Concept Real Estate Group is developing reached 90%, according to chairman Ehab Abou El Magd.

Abou El Magd said that the sales of second phase of the project"...

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04 Aug 2017

Madison Realty Capital Provides $300.0 Million Construction Loan for Ceruzzi Properties’ Luxury Condo Development at 138 East 50th Street

(ME NewsWire)-- Ceruzzi Properties (Ceruzzi) and Madison Realty Capital (MRC) announced the closing of a $300 million construction loan for completion of a major mixed-use development at 138 East 50th Street in the Midtown East neighborhood of"...

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03 Aug 2017

Egypt’s El Mostakbal, Al Ahly ink PPP deal to develop 2.4mn m2 housing project

Egypt’s El Mostakbal for Urban Development has signed Wednesday a deal with Al Ahly for Real Estate Development for public-private partnership project in its flagship development Mostakbal City.

According"...

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01 Aug 2017

Egyptian firm to deliver two African projects in November

Egypt’s state-run construction firm Arab Contractors is planning to deliver two flagships in the African continent by next November, at a cost worth €131 million ($154.8 million).

Ibrahim Mabrouk, AC’s"...

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01 Aug 2017

SELECT GROUP Awards Main Contract for Jumeirah Living Marina Gate

UAE based Select Group has appointed ALEC, the multi award winning company for the main works of Jumeirah Living Marina Gate, its flagship waterfront development in Dubai Marina. The current contract valued at AED 600 million brings the total project"...

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30 Jul 2017

Heliopolis Housing targets urban fully-fledged project in Egypt’s new capital city

Egypt’s state-run Heliopolis Company for Housing and Development (HELI) is planning to establish an urban fully-fledged flagship in the country’s new capital city, an official in the company said Thursday.

Managing"...

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27 Jul 2017

RAK Properties Reports Record Half-year Results

Leading property development firm RAK Properties PJSC has announced record half year results, with revenues exceeding (AED 211 Million). The reported half-year figures reveal an increase from (AED 39 Million) to (AED 62 Million) in net profits"...

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26 Jul 2017

Abraj Misr launching new phase of The Shore North Coast soon

Egypt’s property developer Abraj Misr Company plans to launch a new phase of its flagship The Shore in Ras El Hekma area, North Coast in the next few days. The phase will be launched under the name of New Malibu, with investments worth 200 million Egyptian pounds ($11.2 million). New Malibu includes 120 chalets, at spaces ranging between 85 square metres and 180 square metres. The phase is designed in accordance with international standards, and inspired from Cyprian, Italian, and California’s Malibu city. Aly Rabie, chairman......

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