News / Developers

People & Places Inks EGP 1.6 Bn Contracts for The Med Project

Launched in the summer of 2022, the MED’s first phase is designed by ALCHEMY ARCHITECTURE, incorporating contemporary Mediterranean architecture to include “Mediterranean villas” with direct beach views, and “Waterfall villas” with private beach lagoons and direct views over swimmable lagoons and waterfalls.

London’s Office Deals Plummet 88% YoY in Q4 2022

The market is affected by the government spending plan announced by previous Prime Minister Liz Truss.

Dubai’s Luxury Property Market Closes AED 14.3 Bn Deals in 2022

Luxury communities in Dubai, including Emirates Hills, Jumeirah Bay Island, and Palm Jumeirah, surge 44% YoY in 2022.

Madaar Achieves EGP 6 Bn Sales in 2022

The company delivered over 1,500 units last year in the Azha Ain Sokhna project.

Real Estate Development Chamber, FEDCOC Propose Solution to Sector’s Problems

The meeting concludes with a set to solutions to mitigate the impact of the recent crisis on the market, including adding a net-zero interest period of up to 12 months for projects under development.

Tatweer Misr Achieves EGP 8.1 Bn Contractual Sales in 2022

Foka Bay accommodates concerts of the most famous singers and actors including Kazim Al-Sahir, which holds his first concert in Egypt in 10 years.

Inertia Pens EGP 850 mn Bridge Loan with Banque Misr & Banque Du Caire for Jefaira Project

This financing will support the company’s plans in increasing the construction work in Jefaira, which is strategically located on the Mediterranean Sea.

Emirati Strategic Marketing & Exhibitions to Hold 19th Edition of IPS in February

The exhibition, being held under the auspices of the Dubai Land Department, will take place from February 12th to 14th.

Hometown Developments Targets EGP 2 Bn Sales in 2023

The company announces that its plan for the year focuses on accelerating construction rates and delivery of its projects.

ERG Developments Eyes Expansion in NAC, East Cairo in 2023

Chairman of ERG Developments, Mohamed Rizk, says that the company plans to launch the final phases of its residential and commercial projects in NAC.

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