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Dubai Properties Lays the Foundation Stone for “Lumia Residence” in R7 Area of the New Administrative Capital

Dubai Properties has officially inaugurated the foundation-laying ceremony for the "Lumia Residence" project in the R7 area of the New Administrative Capital. This grand event also marked the signing of a contract with the consulting firm "Moharram Bakhom" to oversee the project, alongside the commencement of concrete pouring for six residential buildings within the development.

Reportage Properties Reports AED 5.65 Bn in Sales with 50% Growth in 2024

Reportage Properties, the leading UAE real estate developer, announced record sales estimated at approximately AED 5.65 bn ($1.5 bn) from January until the end of 2024, representing a growth of more than 50% compared to the same period last year, Invest-Gate reports.

Prime Minister Follows Up with Housing Minister on Implementation Status of Several Projects

The Prime Minister, Dr. Mostafa Madbouly, met with Eng. Sherif El Sherbini, Minister of Housing, Utilities and Urban Communities, to follow up on the implementation status of several projects, Invest-Gate reports.

Rock Developments has officially begun construction on the Rock White project in New Heliopolis.

Eng. Emad Doss, founder of El Batal for Investment and Rock Developments, emphasized that this initiative aligns with the company's goal of timely project execution, fostering client confidence. He noted that Rock White will enhance New Heliopolis as a prime destination in East Cairo, reflecting the aspirations of its clients. Located just one minute from Suez Road and near Cairo International Airport, the compound offers essential services, including healthcare and education, Invest-Gate reports.

IL Cazar Developments Begins Delivering “Creek Town” Units in Early 2025

IL Cazar Developments, the leading company in the Egyptian real estate sector, has announced the start of delivering units for the “Creek Town” project, one of the most prominent urban developments in the New Cairo area, in the first quarter of 2025, Invest-Gate reports.

Housing Minister Inspects Projects: Azbakeya Garden Renovation, Maspero Triangle Area Development, and Imbaba Airport Area Development

Eng. Sherif El Sherbini, Minister of Housing, Utilities and Urban Communities, concluded his inspection tour by reviewing the progress of the Azbakeya Garden Renovation Project, Invest-Gate reports.

West Capital Exclusively Markets Nudra Developments’ First Project with EGP 500 Mn Targeted Sales

West Capital, a real estate marketing company, announced the signing of a contract with Nudra Developments, under which it will handle the exclusive marketing for Nudra Developments' first project, Pace Mall, with targeted sales reaching EGP 500 mn, Invest-Gate reports.

Savills Egypt: A Year of Innovation and Growth in 2024

As 2024 draws to a close, Savills Egypt has marked a remarkable year, reinforcing its status as a transformative entity within the nation's real estate sector. The company's commitment to innovative approaches, strategic partnerships, and a relentless focus on value creation has enabled it to overcome challenges and implement significant changes across various market segments,Invest-Gate reports.

Archist Design Studio announced its collaboration on 25 diverse projects.

Archist Design Studio, announced its success in cooperating with strong entities in the real estate market and cooperating with them to work on distinctive projects in 2024, bringing the total number of projects added to its list of successes in 2024 to 25 projects, varies between architectural and interior design and implementation, Invest-Gate reports.

Somabay Golf Course Achieves GEO International Sustainability Certification: A First for Egypt

 In a historic milestone, Somabay Golf Course, designed by the legendary Gary Player, has received the esteemed GEO International Sustainability Certificate from the GEO Foundation. This makes it the first golf course in Egypt to attain this certification and places it among only four in Africa to achieve the GEO Certified® status. This recognition underscores Somabay's unwavering commitment to sustainability and enhances its reputation as a premier sports destination in the region/ Invest Gate Reports.

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