News / Developers

DAMAC launches Canal Heights 2 on Dubai Canal

Located on the shores of Dubai Canal in the heart of Business Bay, Canal Heights 2 will embody the essence of blue topaz in its interiors, co-branded by Swiss jeweller de GRISOGONO.

Dubai Registers 88 Home Sales Over $10 mn in Q1 2023

“The $10 mn plus homes market in Dubai continues to strengthen, with 88 sales registered in Q1 alone. 2022 saw Dubai record 219 deals above this price point, positioning the city as the fourth busiest luxury homes market in the world. 2023 is shaping to be another record year for this market segment.”

New home sales in China Jump 55.7% MoM in March

New home sales in China surge 55.7% month-on-month in March 2023, compared to a growth of 31.9% in the previous month, Invest-Gate reports.

Etqan Closes Deal with Incomercial to Develop Egyptian Real Estate Sector

The deal was signed by Bassem El-Sherbiny, CEO of Etqan, and Mohamed Shehata, Head of the Commercial and Retail Department, in the presence of leaders of the two companies, including Ahmed Abdelaziz, financial advisor at Itqan, Mahmoud Al-Qadi, head of the marketing sector, Co-founders of Incomercial Tariq Beltagy, Mohamed Mohieldin, and Mohamed Shehata and Mazen Salem.

Mashoura Launches Business Expansion Program in UK

UK-based business consultation company, Mashoura, announces the launching of the UK business expansion program, which helps companies seeking to expand in the kingdom, Invest-Gate reports.

Jebal Real Estate Opens Branch in Abu Dhabi

Jebal Real Estate Development, a subsidiary of JD Holding Group, opens a new branch in the Emirate of Abu Dhabi, UAE, Invest-Gate reports.

Real Estate Companies in Egypt to Price in dollars then Sell in EGP as Inflation Precaution

Some real estate companies in Egypt resorted to using the "dollar" to hedge against the risks of rising costs after the deterioration of the pound and the rise in inflation. In contrast, others went to cancel some customers' reservations and return their money to maintain profit margins.

GCC Interiors, Fit-Out Market Expected to Hit $5.2 Bn by 2025

The Gulf Cooperation Council (GCC) interiors and fit-out sector will grow to $5.2 bn by 2025 in the next few years, according to a report released by dmg events, ahead of Index 2023 expo in Dubai.

MARAKEZ to Add New Brands in Mall of Arabia in Q1 2023

Marakez, the developer of mall of Arabia, one of Egypt’s largest shopping malls with over 154,000 sqm, announces that it will be adding new famous brands to the mall.

Al Baraka Bank, DMC Ink EGP 350 Mn Loan Agreement

Al Baraka Bank signs an EGP 350 mn loan agreement with Dar Al-Mimar Contracting (DMC) to fund the expansion in Mountain View 1 in New Cairo, Invest-Gate reports.

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