News / Developers

ERC Uncovers 5th Tourism Project in Sahl Hasheesh

Egyptian Resorts Company (ERC) has launched its latest EGP 52 mn tourism project, Bay Condos, through its subsidiary, Sahl Hasheesh for Touristic Investment, shortly after it unveiled Bay Village compound last September for both locals and foreigners seeking to invest in the country’s second-home market.

Jumeirah Group to Expand MICE Services in Abu Dhabi Resorts

Dubai-based luxury hotel brand Jumeirah Group has announced plans to integrate its diverse meetings, incentives, conferences, and events (MICE) offerings into its new hotel portfolio in Abu Dhabi.

Palm Hills’ Sales Inch Up to EGP 2.2 bn in Q1

Egypt’s Palm Hills Developments (PHD) posted EGP 2.2 bn sales (residential and commercial) in Q1 2019, with 374 units sold in total, marking a 5% surge YoY that arisen notably from continued uptake of launched properties in Palm Hills Alexandria.

Progate, Memar El Fouad Sign EGP 2.5 bn Deal for Zavani

Egypt-based Progate Development has partnered with Memar El Fouad, a subsidiary of Alfouad Holding Group, to develop the former company's residential project in the New Administrative Capital (NAC), Zavani, at costs valued at EGP 2.5 bn

Emaar Hospitality, Claviger Ink Deal to Drive Hotel Room Sales in GCC

Emaar Hospitality Group, the hospitality and leisure arm of Emaar Properties, has partnered with Claviger, a sales representation group, to promote sales of the former's hotel rooms across the GCC region.

Edge Holding Posts EGP 500 mn Sales of OIA Compound in H1

Edge Holding for Urban Development reported EGP 500 mn sales of its residential project in the New Administrative Capital (NAC), OIA, in H1 2019, bringing the compound's total sales to EGP 1.67 bn

New Plan Begins Constructing Serrano Project in NAC

New Plan Developments has begun constructing its very first project in the New Administrative Capital (NAC), Serrano - an integrated residential compound to be developed with investments valued at EGP 1.5 bn

Arabtec Unit Wins AED 192 mn Dubai-Wilton Park Deal

Arabtec Holding's wholly-owned subsidiary Target Engineering Construction Company (Target) has been awarded an AED 192 mn deal from Ellington Properties for Wilton Park Residence project in Al Merkadh, Dubai.

Misr Italia Eyes EGP 5.5 bn Sales in 2019: Co-CEO

Co-CEO of Misr Italia Properties Mohamed El Assal said his company aims to achieve EGP 5.5 bn in sales of its various projects in Egypt during the current year, compared to EGP 4.7 bn in 2018.

DAMAC Hands Over 1st Sharia-Compliant Furnished Tower

Dubai’s real estate developer DAMAC Properties has begun handing over homes at its first Sharia-compliant development, Ghalia, located in the heart of Jumeirah Village Circle (JVC)

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