News / Developers

ODE, NUCA Ink Final Agreement to Co-Develop 1,000 Acres in West Cairo

Orascom Development Egypt (ODE) has signed the final agreement with the New Urban Communities Authority (NUCA) to co-develop a 1,000- acre integrated community project in 6th of October City, west Cairo based on a revenue-sharing model

Egyptian Resorts’ Bay Village Sees Strong Demand

The Egyptian Resorts Company (ERC) has announced recording a significant growth in contracted sales and reservations at its latest Sahl Hasheesh development, Bay Village, since its launch in October

DM Developments Debuts 2nd Phase of The Groove

Egypt's property developer DM Developments has announced launching the second phase of The Groove in Ain Sokhna, dubbed "The Waterfront," encompassing 320 housing units

Nakheel’s AED 670 mn JV Resort Begins Taking Shape

Dubai-based developer Nakheel and Spain's RIU Hotels and Resorts have revealed that their AED 670 mn beachfront resort on Deira Islands started taking shape, with all accommodation floors pretty much done and roofing work underway

Yafa Mac to Completely Deliver Emirates Heights’ Units in 2019: CCO 

Ramy Haggar, CCO of Yafa Mac Touristic Company, said that the company has delivered 600 units of Emirates Heights' project in the North Coast in 2018, as it plans to finalize the delivery of its remaining units during the forthcoming year

Sky Bridge to Launch 2nd Phase of Jebal El Sokhna Resort

Egypt-based Sky Bridge Development announced that it will launch the second phase of its flagship Jebal El Sokhna Resort in the Red Sea port of Ain Sokhna, on the sidelines of TREEX real estate exhibition in Sharjah

O West Likely to Achieve EGP 71 bn Consolidated Sales Over 10 Years: Official

Mariam Elsaadany, a real estate analyst at HC Research, says that O West project, which is being developed by Orascom Development Egypt (ODE), is expected to generate consolidated sales of some EGP 71 bn over years 2019 to 2029, or about EGP 7.1 bn annually

SODIC Signs Settlement for 1,400-Acre Sheikh Zayed Land

Sixth of October Development and Investment Company (SODIC) said Egypt's Court of Cassation issued a judgment on December 21, 2016, confirming a former judgment issued against its former chairman

Masharef Signs Cooperation Deals to Market 30 New Projects in NAC

Masharef for Real Estate Development has signed joint cooperation deals to market and sell 30 new projects in the New Administrative Capital (NAC), as it plans to raise its portfolio of projects, especially in East Cairo and the NAC

Living Yards Kicks off The Loft Phase II in NAC

Living Yards Developments announced on December 4 the launch of the second phase of its residential project, The Loft, in the New Administrative Capital (NAC), following the success the project’s first phase had achieved.

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