News / Developers

PACT to Highlight White Bay North Coast

PACT Real Estate Group, a prominent Egyptian developer, to promote its North Coast project, White Bay

Al Futtaim Group to Pump EGP 4 bn in Cairo Festival City in 2017

Al Futtaim Group is to invest EGP 4 bn in Cairo Festival City in 2017 to develop two hotels and several apartment buildings

Amer Group to Develop Santorini Project in Ain El Sokhna

Prominent Egyptian developer, Amer Group, will partner with Porto Group to develop Santorini Project in Ain El Sokhna

PHD to develop newly acquired land, 6 October

Palm Hills Development PHD acquired 190 acres of land from the Egyptian Ministry of Housing located adjacent to the Company's existing developments in West Cairo, including Palm Hills Golf Views and Golf Extension

Porto Dead Sea to launch in September

Amer Group heads east to launch its first project, Porto Dead Sea, in Jordan, Invest-Gate reports. Amer Group is to inaugurate the first phase of Porto Dead Sea in September, the Group’s Brand Manager Alaa ElBarbary told Invest-Gate.

REDCON Sells 50% of its Blue Capital Project to Swiss Company

REDCON for Real Estate has sold 50% of its Blue Capital office project located in New Cairo to ABB for Green Technology to a Swiss company, according to a press release.

Bedaya Opens Reservation of Units in New Cairo’s Premiere Project

Bedaya for Real Estate Development has opened reservation for the first phase of its new Premiere residential project located in Lotus, New Cairo, Invest-Gate reports.

SODIC Denies Delaying Plan to Develop Project with HELI to September

SODIC corrected rumors concerning delaying the submission of the general plan for project development with Heliopolis Company for Housing & Development (HELI) to September, stating that they only pushed the deadline 10 weeks to March 2017.

Demand on Real Estate Increases Despite Economic Challenges Following Flotation

The real estate sector has witnessed heightened demand during the past few months following the flotation of the pound of the pound, with most companies have recording an estimated growth in sales volume ranging from 30% to 40%, according to VP of Coldwell Banker Mohamed Banany.

Buyers Hold to their Purchasing Power Despite Economic Challenges

Several buyers have not asked to retrieve their payments for their property during the past period, reflecting that buyers continue to demonstrate an interest in purchasing real estate despite economic challenges, according Al Mal

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