News / Developers

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

The Waterway Releases EGP 4 bn Business Hub in New Cairo

Egypt's property developer The Waterway has rolled out its latest integrated business hub in New Cairo, called “5A,” with investments valued at EGP 4 bn, fusing administrative, commercial, and recreational services in one spot.

Masdar City Opens New Central Park Community

Abu Dhabi's Masdar City has inaugurated its Central Park during "The Festival," which took place from January 16 to 18

Brickzey Posts EGP 3.5 bn Contractual Sales in 2019

Brickzey Property Management CEO Ahmed Selim said the company logged EGP 3.5 bn worth of sales in 2019, marking an EGP 1 bn hike compared with the year-ago period.

MNHD Achieves EGP 6.3 bn Presales in 2019

Madinet Nasr for Housing and Development (MNHD) recorded a 15% boost in its presales activities (i.e primary contracts and reservations) year-on-year to log EGP 6.3 bn in 2019.

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