News / Developers

Misr Italia Properties Targets EGP 4.5 bn Sales in 2019: Co-CEO

Misr Italia Properties announced it targets achieving EGP 4.5 bn of sales in 2019, compared to EGP 3.5 bn sales achieved during the period from January to September 2018

Misr Italia Properties Unveils Details on 2nd Project in New Capital

Egypt’s real estate developer Misr Italia Properties has held a roundtable in the presence of its officials to reveal all details related to its second premium residential compound in the New Administrative Capital, Vinci, in the diplomatic district of the new capital's first phase, following the "massive success" of its first project in the new smart city - IL BOSCO

Emaar Properties Posts 30% Growth in Revenues in 9M

Dubai-based Emaar Properties posted revenues of AED 17.4 bn in the first nine months of 2018, which is 30% higher than the revenue of AED 13.4 bn logged in the year-ago period

MG Developments Launches its 1st Commercial Project in New Cairo

Egypt's property developer MG Developments has announced launching the first phase of its first administrative and commercial project "Headquarter Business" in New Cairo, on 90th Street, with investments worth up to EGP 1 bn

Palm Hills’ Profits Rise 37% to EGP 640.2 mn in 9M

Egypt's property developer Palm Hills Developments has posted a 37% hike in net profits, which reached EGP 640.2 mn in the first nine months of 2018 versus net profits of EGP 466.6 mn during the corresponding period last year, taking into account minority interests

Al Ahly to Launch New Integrated Compound in 6th of October City

Cairo-based Al Ahly for Real Estate Development seeks to launch a new integrated residential compound in 6th of October City by year-end, in partnership with the Egyptian government, at an estimated cost of EGP 7 bn

SODIC Receives Letter from NUCA for Change of Al Yosr’s Land Use

Egypt’s Sixth of October Development and Investment (SODIC) has announced that Al Yosr for Projects and Agricultural Development, a subsidiary of SODIC, has received a letter from the New Urban Communities Authority (NUCA) regarding the change of use of a land plot owned by Al Yosr in Sheikh Zayed city, west Cairo

Omran, Majid Al Futtaim Lays Foundation Stone for Muscat’s “City for the Future”

Oman Tourism Development Company (Omran), the tourism arm of Oman's government, and UAE's retail giant Majid Al Futtaim hosted a ceremony on November 14 to lay the foundation stone for Madinat Al Irfan, Muscat’s new "City for the Future"

TMG Holding’s Profits Rise 12.5% to EGP 1.25 bn in 9M

Egypt-based property developer Talaat Moustafa Group Holding (TMG Holding) has recorded a 12.5% surge in its net profit to EGP 1.25 bn in the first nine months of 2018, up from EGP 1.1 bn in the year-ago period

Rofaida Begins Initial Delivery of Row Marina’s 1st Phase

Egypt’s property investment company Rofaida Real Estate has started the initial delivery of the first phase of Row Marina Resort project in North Coast, aiming for the project to commence operations by next summer

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