Saudi Arabia to Start State Property Renting System Early February

• Tuesday, 31st January 2023
• by Muhammad Khalid

The new system aims to regulate the state’s leasing of real estate through government agencies, based on their needs, as well as rationalize the financial costs of renting, in addition to developing the exploitation of leased real estate by government agencies.

Hometown Developments, Misr International Films to Build Cinema Complex in NAC

• Monday, 30th January 2023
• by Muhammad Khalid

Ibtkar Real Estate Development Markets 10 Projects in New Cairo

• Monday, 30th January 2023
• by Muhammad Khalid

Ibtkar plans to deliver these projects within 3 years, the company’s Marketing Director, Shady Mahmoud, says.

Mountain View Development Achieves EGP 31 Bn in Unprecedented Sales in 2022

• Monday, 30th January 2023
• by Invest Gate

The success of Mountain View extends during the year 2022, to include the launch of the Bubble Free initiative; encourage individuals to get out of their various bubbles and social interaction, contracting the international star Mohamed Salah, player of Liverpool Football Club, to appear in the initiative to encourage youth and all age groups to get out of isolation.

TMG, GMG to Build 2 Stores in Madinaty

• Monday, 30th January 2023
• by Invest Gate

The two stores will occupy an area of nearly 1,600 sqm. They are slated for inauguration in 2023.

Orascom Development Egypt Generates EGP 11.1 Bn in Sales in 2022

• Monday, 30th January 2023
• by Invest Gate

Makadi Heights real estate reaches EGP 949.8 mn in 2022, compared to EGP 1.2 bn in 2021.

Wall Street Group Inks MoU to Build First Branch in Saudi Arabia

• Monday, 30th January 2023
• by Invest Gate

Saeed notes that Wall Street aims to achieve contractual sales worth SAR 1 bn during the first year of the opening of the branch, based on the size of the huge projects in Saudi Arabia.

UAE’s Real Estate Market to Maintain Stability in 2023

• Sunday, 29th January 2023
• by Invest Gate

In 2023, almost 100,000 sqm of office floor space is expected to be delivered in Dubai and over 35,000 sqm are set to be delivered in Abu Dhabi.

JLL: Cairo’s Occupancy Rate Rises to 64% YoY in 11 Months

• Sunday, 29th January 2023
• by Invest Gate

In 2022, around 200 keys were added, taking the capital’s total hotel stock to approximately 28,000 keys. Cairo is also on track to see the completion of 900 hotel keys in 2023.

Buyers of London’s Luxury Properties from Middle Easterners Hit 4-Year High

• Sunday, 29th January 2023
• by Invest Gate

According to data compiled by MSCI, foreign dealmakers account for 57% of property investment in London during 2023, compared to 65% in 2015.