Mohamed Ghobashy, Chairman of Scope Developments and a Board Member of the Egyptian Society of Real Estate Appraisers, emphasized that real estate stands out as the premier investment avenue, a fact underscored by decades of empirical evidence, Invest-Gate reports.
Beltone Holding, a rapidly growing financial institution, achieved a remarkable turnaround in H1 2024 by reporting a net profit after tax and minority interest of EGP 817 mn, in stark contrast to the EGP 146 mn loss incurred during the first half of 2023, Invest-Gate reports.
The net profits of four real estate companies listed on the Dubai Financial Market surged by 19% during H1 2024, propelled by robust sales growth amidst the strengthening real estate and tourism sectors, alongside the accelerating pace of economic recovery in Dubai, Invest-Gate reports.
Emirati businessman Mohamed Alabbar, Chairman of Emaar Properties, has expressed his delight at the positive reception and warm welcome to the proposal of extending operations in Marassi on the North Coast of Egypt by an additional two months, Invest-Gate reports.
Dubai’s real estate market has achieved a historic feat in July, boasting 17,000 sales transactions totaling AED 55.5 bn, Invest-Gate reports.
Talaat Moustafa Group Holding's (TMG) projects have significantly bolstered real estate exports and boosted the Egyptian state’s foreign exchange reserves with its remarkable sales performance in its global undertakings, specifically the SouthMED project in Egypt and Banan project in Saudi Arabia, Invest-Gate reports.
The Small and Medium Enterprises General Authority in Saudi Arabia, “Monsha’at,” has unveiled the launch of the Real Estate Innovation Accelerator in collaboration with the Saudi Ministry of Municipalities and Housing, Invest-Gate reports.
Dubai real estate sector saw transactions totaling AED 9.9 bn within a week, Invest-Gate reports.
According to data from the Dubai Land Department, Dubai's real estate sales between the beginning of June and the middle of July reached AED 66.48 bn, with a total of 20.66 sales transactions recorded during this period, Invest-Gate reports.
The Saudi National Housing Company (NHC) has announced in a statement that it signed an agreement with China State Construction Engineering Corporation (CSCEC) to construct housing units in NHC's suburbs and communities throughout various regions of the Kingdom, Invest-Gate reports.
