MNHD Profits Jump 494% in Q1

• Tuesday, 16th May 2017
• by Nayrouz Talaat

Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) is posting consolidated net profits of EGP 407.2 mn in the first quarter of 2017, a surge of 493.6% y-o-y from EGP 68.6 mn in the same period a year earlier, Invest-Gate reports.

Misr Italia and SECON Purchase Lands at New Administrative Capital

• Tuesday, 16th May 2017
• by Nayrouz Talaat

Egypt’s property developer, Misr Italia Group, and the Saudi Egyptian Construction Company (SECON) have purchased land plots at the New Administrative Capital spanning an area of 200 and 70 feddans respectively, Invest-Gate reports.

Amer Group Q1 Profit Decreases 6% y-o-y

• Monday, 15th May 2017
• by Nayrouz Talaat

Egypt’s real estate developer Amer Group Holding Company posts consolidated net profit of EGP 63.95 mn in the first quarter of 2017, down by 6% compared with EGP 68.07 mn in the same period last year, Invest-Gate reports.

TMG Posts Net Profit of EGP 288.5 mn in Q1

• Monday, 15th May 2017
• by Nayrouz Talaat

Egypt’s real estate developer Talaat Mostafa Group (TMG) Holding Co. posts consolidated net profit after tax of EGP 288.5 mn in the first quarter of 2017, compared to EGP 207.8 mn in the same period a year earlier, Invest-Gate reports.

OLX Launches Storia New Section to Focus on Top 9 Premium Locations in Egypt

• Thursday, 11th May 2017
• by Nayrouz Talaat

Global online marketplace OLX announces the official launch of a new premium property section “Storia” as a platform to list properties in premium areas in Egypt, Invest-Gate reports.

Egyptians Make Up Majority of Second Home Market

• Thursday, 11th May 2017
• by Fatma Khaled

Egyptians are taking up the lion’s share of the country’s second home market with foreign investors only accounting for 2%, Invest-Gate reports.

Misr Italia to Offer Waterfront Chalets with Feasible Payment Plans in Mousa Coast

• Wednesday, 10th May 2017
• by Fatma Khaled

Egypt’s real estate developer Misr Italia is offering waterfront chalets in Mousa Coast with feasible payment methods, Invest-Gate reports.

TMG Holding Purchases 500 feddans in New Administrative Capital

• Tuesday, 9th May 2017
• by Nayrouz Talaat

Egyptian real estate developer Talaat Moustafa Group Holding (TMG Holding) is purchasing 500 feddans for development in the country’s New Administrative Capital, Invest-Gate reports.

HHD to Renovate Merryland Garden in Cairo

• Tuesday, 9th May 2017
• by Fatma Khaled

Heliopolis for Housing & Development (HHD) will be renovating and developing one of the renowned gardens in the capital, Merryland Garden, in efforts to preserve heritage, Invest-Gate reports.

Egypt Property Show Hosts Several Egyptian Developments in Dubai

• Tuesday, 9th May 2017
• by Fatma Khaled

Several major real estate projects have been showcased in Egypt Property Show that is organized by state-owned Al Ahram newspaper, Invest-Gate reports.