News / Developers

Carrefour Hypermarket Opens at World 1st Nature-Inspired Mall

UAE-based Cityland Group partnered with Majid Al Futtaim on May 13 to kick off a 109,000-square-feet Carrefour Hypermarket at Cityland Mall, which is touted as the world's first nature-inspired shopping center in Dubai

El Wadi Eyes EGP 400 mn in Sales of Agora Sidi Abdel Rahman

El Wadi for Tourism and Real Estate Investment aims to record nearly EGP 400 mn in sales of its flagship resort in the North Coast, Agora Sidi Abdel Rahman, in 2019, while planning to launch 400 residential units at the project during the same year.

Somabay Uncovers 2 New Flagship Residences

Somabay Development Company has unveiled two latest launches at its Red Sea coastal resort Somabay, namely "Mesca" and "Reeftown Residences," featuring both luxury and modern living together.

MG Developments Launches 1st Kitesurfing Center in Blue Blue El Sokhna

MG Developments, developer of Blue Blue Resort El Sokhna, has announced the launch of the first permanent kitesurfing center in Ain Sokhna, following the period of its experimental operation.

Heliopolis Housing Gets Approval for Additional Heights at Shorouk Land

Heliopolis Company for Housing and Development (HHD) unveiled on May 8 that it received the approval for additional heights of buildings at its land in El Shorouk City, permitting the developer to build up to seven floors instead of four levels only.

MNHD Signs Deal to Finance Nasr Gardens Compound in West Cairo

Madinet Nasr for Housing and Development's (MNHD)'s board of directors has mandated the company's managing director to ink a protocol with a real estate finance company to fund housing units of Nasr Gardens compound in 6th of October City.

Bayut Uncovers New Floor Plan Tool for UAE Properties

UAE’s largest online property portal Bayut has launched a new game-changing feature on its website, providing users with detailed 2D and 3D floor plans for over 40,000 property types in the UAE, in an effort to raise convenience for end users and grant agents high-quality leads.

Vincitore Kicks Off USD 102 mn Branded Realty Project in Dubai

UAE-based Vincitore Realty has launched Dubai’s first wellness and branded realty project, Vincitore Benessere, at an investment value of USD 102 mn.

Heliopolis Housing Sells 1,980-Acre Plot in Sheraton

Cairo-based Heliopolis Housing and Development (HHD) has announced selling a 1,980-acre land plot in Sheraton, Heliopolis, for EGP 99.3 mn at an auction on May 4.

Emaar Misr Consolidated Profits Fall 16.8% in Q1 2019

Egypt's Emaar Misr has reported a 16.8% YoY decline in its consolidated net profits during the first three months of 2019, dropping by EGP 84.6 mn compared to the year-ago period.

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