News / Developers

Emaar Misr Reports EGP 503.3 mn in Net Profit in Q1 2018

Emaar Misr for Development reports EGP 503.3 mn net profit in the first quarter (Q1) of 2018, compared to EGP 437.9 billion in the same period last year

Emaar Properties Distributes USD 272 mn Dividend

Emaar Properties, has approved the distribution of USD 272 mn as dividend to its shareholders, representing 14% of the share capital at the company’s 22nd Annual General Meeting (AGM) in Dubai, UAE

Egypt’s Dorra Introduces Wide Range of Projects at IPS

Egyptian developer Dorra Group introduced a wide range of projects at Dubai's International Property Show (IPS) to satisfy investment and habitual demands

Steigenberger to Establish New Hotel by the Nile at Luxor

Steigenberger Hotels & Resorts, part of Deutsche Hospitality, has signed an agreement to set up the Steigenberger Resort Achti in Luxor

Emaar, ARADA to Launch Three Hotels in Aljada in Sharjah

ARADA, a joint venture between KBW Investments and Basma Group, has signed a management agreement with Emaar Hospitality Group, the hospitality and leisure subsidiary of Emaar Properties PJSC, to launch three new hotels in Aljada in Sharjah

Equity Real Estate Development Sells 65% of ‘The Capital Way’ at New Capital

Equity Real Estate Development has sold 65% of the total units of "The Capital Way", its flagship project in the New Administrative Capital, within one month of launching the project,

Misr Italia Properties to Start Implementing Two Projects Worth EGP 24 bn this year

Egypt’s real estate developer Misr Italia Properties is planning to start implementing two projects worth EGP 24 bn this year

OUD Introduces New Concept for Green Living Through Azadir

Orientals for Urban Development (OUD) has launched on April 3 its latest compound, Azadir, aiming to promote a green healthier living environment

Orascom Development, NUCA Announce Joint West Cairo Project

Orascom Development Egypt (ODE) is developing a 1,000-feddan land plot in West Cairo for its first housing project in the capital in partnership with the New Urban Communities Authority (NUCA)

SODIC, MNHD to Enter into Talks to Explore Merging, Acquisition

Sixth of October Development and Investment Company (SODIC) says it will enter into preliminary talks with Madinet Nasr Housing & Development (MNHD) to explore potential strategic alternatives for the two entities by way of merger or acquisition

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