As of December 2022, Dubai’s average apartment prices registers AED 1,168 per sq ft, and average villa prices hits AED 1,385 per sq ft.
CEO of Infinity Phoenix Mohamed El Saidi says that the company’s main goal of organizing foreign exhibitions is exporting real estate in its integrated sense.
The recent deal is a part of the company's $100 mn in investments dedicated to the Saudi market.
The deal paves the way for the integration of the next stage of brokerage standards in Egypt and for the provision of an exceptional customer experience.
Authorities start opening land borders between China and Hong Kong as of January 8th after the cancelation of China’s zero-Covid policy.
The CEO of Arqa, Ahmed Gamal Al-Dein, adds that the partnership with ACE Moharram-Bakhoum is a strong addition to the project, as the company enjoys a real estate product with all operative elements.
Chairman of IL Cazar Developments, Nader Khozam, notes that the company continues to direct more investments into the project's construction, despite challenges imposed by high prices of building materials and high construction costs.
CIB acts as the exclusive financial advisor, issuance manager, general arranger, promoter, and co-underwriter of the transaction.
The company is planning to launch a series of real estate projects in East and West Cairo.
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