News / Developers

Ellington Properties Sells Out Wilton Terraces I & II

Dubai’s property developer Ellington Properties has announced the sell-out of its Wilton Terraces I and II projects, located alongside the Dubai Water Canal

SODIC Sponsors 1st Special Olympics Pan African Games 2020

Sixth of October Development and Investment Company (SODIC) has been the exclusive real estate sponsor of the first-ever Special Olympics Pan African Games for 2020

MHND Concludes EGP 305 mn Securitized Bonds in December

Egypt’s Madinet Nasr for Housing and Development (MNHD) has clarified that it earlier closed a secrutinized bond issuance on December 19

Marriott Int’l to Open St. Regis Hotel in NAC

US multinational hospitality brand Marriott International has signed an agreement to open a St. Regis hotel in the New Administrative Capital (NAC), east Cairo

Azizi Sells 95% of Riviera Phase I

UAE's Azizi Developments has sold 95% of its residences in the first phase of Riviera, recording sales of over AED 2.14 bn

Akam Developments Holds Annual Event for Employees

Egypt-based Akam Developments held an event on January 9 at Marriott Mena House for its employees and executive board members, wherein the company’s deputy CEO Saad El Ghaithy has joined via a voice call.

iCommunity Launches New Community Management App

Cairo-based iCommunity announced the launch of its new brand, Lyve, which will serve as the community management platform for real estate developers, homeowners associations, and compound residents

PHD Inks EGP 505 mn Facility to Refinance Existing Debt

Palm Hills Developments (PHD) announced signing a loan agreement of EGP 505 mn with Ahli United Bank Egypt (AUB)

Samana Assures 24% Rental Returns for USD 54.4 mn Projects

Dubai's Samana Developers has unveiled a 24% guaranteed rental returns for its USD 54.4 mn (AED 199.81 mn) Samana Hills and Samana Greens located in Arjan, Dubailand

TMG Holding to Issue EGP 2 bn Sukuk in April

Talaat Moustafa Group (TMG) Holding CEO Hisham Talaat Moustafa said his company plans to launch EGP 2 bn sukuk program in April, aiming to secure medium-to-long-term financing for its recurring projects

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