News / Government

Nile Developments Launches Tycoon Tower in NAC

Nile Developments enters into a contract with Millennium Hotels to operate the new hotel.

RTM Exhibition Forum Kicks Off on Sunday

The event aims to identify key challenges facing the Egyptian real estate sector and identify solutions and recommendations to overcome them to maintain operations in the sector.

France’s NGE to Build 330-Km Rail Line in Egypt

This new rail project in Egypt is set to link 60 cities across the country, increase freight traffic, and ensure approximately 500 mn journeys per year.

Bait Al Watan’s 8th Supplementary Phase Garners $142 Mn

The minister notes that 1,477 applicants transferred reservation fees and paid 25% of plots’ values in USD.

Abu Dhabi Office Rent Rebound After Covid Slump

This turnaround is attributed to the rebound in economic growth and the increase in employment levels.

Hassan Allam, Bloom Development Award Golden Licenses

Bloom Real Estate is planning a number of developments in New Zayed.

Transportation Ministry to Operate from NAC in March

Kamel El Wazir, Transport Minister, uncovers that the ministry’s employees will work from the new headquarters located in the NAC, starting from March 2023.

Saudi Arabia Allows Government Agencies to Rent Properties Abroad

The regulations stipulate that the lease contract shall be for a period not exceeding five years, with the possibility to renew that contract for a maximum period of 10 years.

Office Rent Soars 12% in Abu Dhabi in 2022

Office leasing rates in three out of the submarkets in Abu Dhabi rise from 3.5% to 12% in 2022.

NUCA Allocates 4.7k Land in 1 Year

Among the discussed topics are approval of the authority’s final account for the year 2022/23, the approval of the budget for the fiscal year 2020/21, granting a deadline to companies and entities in the Northwest Coast region, and increasing the number of units beyond what is permitted by the requirements for plots of land for small housing, and approving some incentives and facilitations to increase the demand for allocating investment lands in some new cities, the minister reveals.

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