News / Developers

Counsel Masters Enters Into 2 Contracts with City Edge Development

The first contract includes the management and operation of the second phase of the Mamshah Ahl Masr project.

Burj Khalifa’s Home Sales Rise 16% YoY in 2022

A total of 94 apartments are sold in the tower in 2022 with a value of AED 477 mn, according to data released by UK’s real estate agency Knight Frank.

Home Prices’ Growth Slows Down in Singapore During Q4 2022

According to data released by the Urban Redevelopment Authority (URA), home prices in Singapore inch up 0.2% YoY in Q4 2022, the worst quarterly data in the year.

United for Real Estate Development Partners with Concord Hospitality to Manage G-BAY Hotel

The contract also provides for the possibility of providing hospitality management for all residential units within the project.

Sukuk Capital to Launch Finance Program for Developers in 2023

Since its establishment in May 2021, Sukuk Capital provides over SAR 1 bn in financing to more than 75 companies in Saudi Arabia, Alsayyari reveals.

Dubai’s Real Estate Market Flourishes on Visa Reforms

The market records 20,539 transactions with a value of AED 55.5 bn in the first quarter of 2022.

Elsewedy Electric Group to Build 5-Mn Sqm Industrial Zone in New 6th October

During a cabinet meeting, Prime Minister Mostafa Madbouly reveals that the new industrial zone is set to be located near the dry port implemented on the 6th of October City.

New EGX’s Decarbonization Certificates Support Sustainable Projects

The decision encourages companies to reduce carbon emissions in all projects across all fields, El-Gammal says.

EFG Hermes, Misr Italia Properties Conclude EGP 986 Mn Securitized Bond Issuance

The issuance is backed by a receivables portfolio originated by two of Misr Italia Holding’s subsidiaries.

Kimit Real Estate Invests EGP 4 Bn in Egypt

The company achieves up to EGP 3 bn in indirect sales in 2022 and enters into partnerships with more than 200 developers in various fields including residential, administrative, commercial, entertainment, and tourism, Abdel Hakeim, adds.

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