News / Developers

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

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

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

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

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

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

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

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

El Batal Developments to Complete Rock Capital 1 in February 2023

Emad Doss, CEO and Managing Director of El Batal Developments says that his company will be one of the first companies to deliver administrative buildings in the NAC’s Government District.

El Baron Developments Launches Sky Complex in Nasr City

Zarif notes that more than 50% of the project’s construction is completed, which made the company aim to complete the sale of the project during the current year.

EG Towers Developments to Launch EGP 6 Bn Education Project in New Fayoum

Karim Abu Hatab, the CEO and Vice Chairman of EG Towers, notes that the company achieves success in 2022 by selling its first project in the New Administrative Capital and that it works to achieve the highest return on investment in its projects.

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