News / Developers

El Tayebi Developments Intends Launching New Project in NAC Soon

General Manager of El Tayebi Developments Omar El Tayebi has unveiled that his company intends to launch a new project in the New Administrative Capital (NAC) during Cityscape Egypt next March.

Tatweer Misr Targets EGP 6 bn Sales in 2019

Managing Director and Board Member at Tatweer Misr Ahmed Shalaby has revealed that his company targets achieving EGP 6 bn worth of sales during 2019.

Castle Development Targets EGP 2 bn Sales in 2019: CEO

Castle Development CEO Ahmed Mansour said the company targets achieving sales of EGP 2 bn in 2019 versus EGP 860 mn last year, driven by the launch of its newest smart residential compound in the New Administrative Capital (NAC), Castle Landmark.

MNHD Posts EGP 5.5 bn Presales in 2018

Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) has logged EGP 5.5 bn in presales, including sales contracts and units' reservations, during 2018, primarily through the company's flagship projects, Taj City and Sarai in east Cairo.

Orascom Eyes Buying Shares in Sawiris’ Andermatt Swiss Alps

Egypt-based Orascom Development Holding entered into an agreement with its Chairman Samih Sawiris for the potential purchase of 1% and one share of Andermatt Swiss Alps (ASA), a real estate firm managed by Sawiris, within the next two years.

Italy’s Preatoni Completes Stalled Dubai JLT Tower

Italy-based Preatoni Real Estate, a subsidiary of Preatoni Group, has completed the project formerly known as Dubai Star, four years after its initial developer renounced the planned 45-story skyscraper in Dubai’s Jumeirah Lake Towers (JLT) following the 2009/10 economic crisis.

Living Yards Eyes EGP 2.5 bn Sales from The Loft

Egyptian real estate developer Living Yards Developments plans to achieve EGP 2.5 bn in sales of its first flagship project in the New Administrative Capital (NAC), The Loft, during 2019.

Emaar Launches New Waterfront Homes at Dubai Creek Harbour

UAE's property developer Emaar has launched Palace Residences, a five-star waterfront branded residence development, within its 6-square-kilometer mega-development, Dubai Creek Harbor, describing it as "The World of Tomorrow."

Cleopatra Hospital to Sign New Lease Agreement in East Cairo

Cleopatra Hospital Group is planning to sign a long-term lease agreement for a 50-bed hospital in East Cairo by February.

TMG Holding’s Sales Hike 62% in 2018

TMG Holding reported on January 2 that its overall sales jumped 62% YoY to EGP 21.3 bn at the end of December 2018 from EGP 13.1 bn in 2017.

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