News / Developers

1st Villa Launch at SODIC’s VYE Sells Out in 48 Hrs

Sixth of October for Development and Investment Company (SODIC) said the first batch of standalone villas in west Cairo's VYE project has been sold out, raising EGP 250 mn in sales within 48 hours only.

PHD Inks MoU to Build University in West Cairo’s Badya

Palm Hills Developments (PHD) and Taaleem Management Services, a subsidiary of CI Capital Holding for Financial Investments, have signed a Memorandum of Understanding (MoU) to build a higher education campus in Badya, PHD's flagship project in west Cairo.

PHD Secures EGP 365 mn Loan for Hacienda Bay

Palm Hills Developments (PHD) has inked an EGP 365 mn medium-term loan agreement with Arab African International Bank (AAIB) and Banque Misr to fund work at the former's North Coast project, or Hacienda Bay.

VOW Developments Rolls Out New Phase at NAC’s SOLAS

Egypt-based VOW Developments has rolled out a new phase at its New Administrative Capital (NAC) project, or "SOLAS," featuring 38 workspaces that extend over 3,000 square meters.

OUD Among Egypt’s 5 Top Diversified Landowners

Egypt's Orientals for Urban Development (OUD) was ranked the fourth among the five top real estate developers with a diversified land portfolio nationwide.

Mabany Edris Sells 60% of New Assiut’s Asalya Phase I

Egypt-based property developer Mabany Edris has managed to market 60% of phase I of its newest flagship project in New Assuit, or “Asayla,” in three months only, despite market turmoil associated with the COVID-19 pandemic.

Elsewedy, El Mostakbal Agree on EGP 423.3 mn Infrastructure Work

El Mostakbal for Urban Development has signed an EGP 423.3 mn deal with Elsewedy Electric's unit to carry out electricity and telecommunications infrastructure of the latter east Cairo project’s phase III.

SODIC Sees 25% Rise in Home Sales Albeit Fewer Releases

Sixth of October Development and Investment Company (SODIC) logged a 25% uptick in residential contractual sales in Q1 2020, registering EGP 842 mn versus EGP 672 mn in the year-ago period, driven mainly by its west Cairo projects.

Cost-Effectiveness & Affordability Meet at Housing Clusters: Shalaby

Tatweer Misr President & CEO Ahmed Shalaby has confirmed that the development of interconnected rooftop amenities within clusters of buildings, providing essential facilities and services, is a strong tactic to ensure cost-effectiveness and affordability.

Al Futtaim Offers Drive-Thru Services to Limit Contact Amid Outbreak

Al Futtaim Group Real Estate has released a new drive-thru service to lessen physical contact and provide efficient services for all outlets, aiming to cope with the new world order of real estate.

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