News / Developers

IWAN to Soon Uncover New Project in Red Sea

Egypt-based IWAN Developments is preparing to launch a new integrated urban project in the Red Sea region soon.

ERA Developments Invests EGP 700 mn in Astoria Park Compound

Egypt's property developer ERA Developments has allocated a total of EGP 700 mn worth of investments to its 6th of October City project, Astoria Park.

City Edge Developments Takes Part in MIPIM 2019

City Edge Developments (CED) headed to MIPIM, the world's leading property market in France's Cannes, to showcase its mega projects in Egypt from March 12 to 15.

Ora Developers to Build Sheikh Zayed’s 1st Multi-Tower Development

Egyptian tycoon Naguib Sawiris’ Ora Developers, formerly Gemini Global Development, has started offering units for sale at ZED's pre-launch phase, its first Egypt-based residential project in 6th of October City, west Cairo.

Al Oula Kicks Off Ajdan Rise’s Sales

Saudi-based Al Oula Real Estate Development Company has launched the sales of its mixed-use tower, Ajdan Rise, located in Al Khobar‘s seafront

Arkan Launches Jessy Hills Compound in West Cairo

Cairo-based Arkan Developers said it will launch Jessy Hills project in 6th of October City, west Cairo, during the current year, with a total of 220 units at an estimated investment cost of EGP 250 mn.

Pyramids Developments to Soon Launch 2 Projects in North Coast, New Alamein

Egypt-based Pyramids Developments plans to launch two tourism projects on the North Coast and New Alamein during the second half of 2019.

TAMEER Sees 64% Rise in 2018 Consolidated Sales, Profits

Egypt's real estate development and investment company TAMEER achieved a growth rate of 64% in its consolidated sales and profits to total EGP 742 mn for 2018, compared to EGP 453 mn in 2017.

Palm Hills, Sarwa Capital Seal Securitization Bond Issue

Egypt's Palm Hills Developments uncovered on March 6 closing its latest securitization bond issue with Sarwa Capital Holding for Financial Investments, backed by receivables portfolio of EGP 760 mn in some of the former's projects.

Aurora to Deliver USD 23 mn Residential Project in Dubai

UAE-based Aurora Real Estate Development plans to handover Lyra, an AED 85 mn (USD 23 mn) residential project in Dubai, following its completion.

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