News / Developers

MBG Development Achieves EGP 300 mn Sales at Cityscape Exhibition

Egypt’s real estate developer MBG Development has achieved EGP 300 mn in sales of Pukka project in the New Administrative Capital (NAC) in during its participation at Cityscape Egypt exhibition, which was held from March 27 to 30.

Landmark Group to Open New Oasis Mall in Sharjah

Landmark Group, Dubai-based retail and hospitality conglomerate, is expanding its shopping mall portfolio with its first project in Sharjah, Oasis Mall, marking the group’s tenth mall in the Gulf region.

New Plan Developments’ Sales Hit EGP 192 mn at Cityscape Egypt

New Plan Developments achieved EGP 192 mn in sales of its three projects in the New Administrative Capital (NAC) during Cityscape Egypt 2019, from March 27 to 30.

Palm Hills Nods EGP 78 mn Capital Hike

Palm Hills Developments' board of directors have agreed to raise the company's capital to EGP 6.235 bn from EGP 6.157 bn, an increase of EGP 78 mn.

Abu Dhabi’s Eagle Hills, NBF Partner to Offer Mortgage Solutions

Abu Dhabi's real estate investment and development firm Eagle Hills and the National Bank of Fujairah (NBF) inked a cooperation agreement on April 1 to offer mortgage solutions and special payment plans to clients keen on owning property in Address Fujairah Resort + Spa, UAE.

CGP Appoints Mostafa Salah as CCO

Capital Group Properties (CGP), the community developer owned by Abu Dhabi Capital Group (ADCG) and Al Ain Properties, has appointed Mostafa Salah as its new chief commercial officer (CCO).

Dorra Group Implements 25% of Address East

Karim Sultan, head of HR and Administration at Dorra Group, revealed that the implementation rate at the company residential project in New Cairo, Address East, has reached 25%, after fully marketing 50% of the project's units.

Dubai’s Seven Tides Offers New Payment Plans for 2 Projects

Dubai-based property developer Seven Tides has uncovered a range of new payment plans for two of its development projects in Dubai, namely SE7EN Residences The Palm and SE7EN City JLT.

ECB Inks Deal to Supervise Al-Futtaim’s Oriana Residence

Egypt's Engineering and Consulting Bureau (ECB) has contracted with UAE-based Al-Futtaim Group Real Estate to supervise the implementation of the latter's Oriana Residence in Cairo Festival City, east Cairo.

Sawiris Plans for USD 2 bn Tourism Projects in North Coast

Egyptian tycoon Naguib Sawiris has revealed his intentions to pump investments estimated at USD 2 bn into the Egyptian tourism sector, namely in the North coast, to join the host of tourism projects being implemented in the area.

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