News / Investment

European Central Bank Warns of Investing in Real Estate Funds

The European Central Bank (ECB) warns of funds that invest in commercial real estate, considering it a threat to financial stability after it has grown significantly over the past decade.

MARAKEZ to Add New Brands in Mall of Arabia in Q1 2023

Marakez, the developer of mall of Arabia, one of Egypt’s largest shopping malls with over 154,000 sqm, announces that it will be adding new famous brands to the mall.

Orascom Development to Deliver 1000 Residential Units in 2023

O West continues to accelerate construction, with 444 villas already built and the construction of 1,015 apartments and 236 townhouses currently underway.

Schneider Electric Showcases Unique Expertise in Egypt’s Real Estate Market at MIPIM 2023

MIPIM’s sessions addressed the pressing issues of sustainability in the new fourth-generation cities, the need for smart buildings to combat climate change, and accelerating the transition to net zero emissions.

XLand Developments Launches Lake View; Expecting EGP 500 mn in Sales

Lake View includes a social club, a gym, swimming pools, and cafes, and the units' areas range between 63 sqm and 230 sqm, and the engineering consultant for the project is Eng. Muhammad Arafa, and the architectural consultant is Eng. Muhammad Ezzat.

Eight Developments, Gaballah Group Sign Deal with Mission 235 to Manage Revolve Mall

The step falls in line with the country’s plan in exporting real estate file, which contributes approximately with 20% out of the Egyptian national income.

MNHD Kicks Off Phase I of Rai in Sarai project

The first phase of Rai offers a wide range of unit types, introducing S Villas that range in size from 212 to 239 sqm, in addition to 160-sqm townhouses.

Winvestor Developments Opens 2 Sales Branches in Saudi Arabia

For his part, Hisham Ibrahim, Managing Director of Winvestor Developments, says that the external expansion of real estate development companies has become a necessity imposed by the urban expansion that Egypt is currently witnessing.

Hassan Allam Utilities, Kuwait’s Agility Launches JV in Egypt

The new project, YANMU East Logistics Park, is set to open in 2023.

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