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Newsweek: Rapid Development in Construction at NAC

The American magazine Newsweek lauded the swift progress in the New Administrative Capital (NAC) as depicted in new photos captured by NASA, showcasing the substantial evolution of the NAC from a nascent construction site into a sprawling urban hub, Invest-Gate reports.

Binghatti Introduces Binghatti Royale with AED 600 mn Investment

Dubai-based property brand Binghatti has unveiled Binghatti Royale in Jumeirah Village Circle (JVC), Invest-Gate reports.

Dubai Real Estate Sales Surge to AED330 bn in First Eight Months of 2024

Dubai's real estate market has experienced a significant surge in 2024, with sales reaching AED 330 bn across 112,630 transactions by the end of August, Invest-Gate reports.

IMKAN Misr Inks Deal with Forward Construction for 3 Residential Areas in “Alburouj” Project and Global Energy for Third Phase Infrastructure

IMKAN Misr, a prominent real estate development company, has announced the signing of an agreement with Forward Construction for the construction of three new residential zones within the "Alburouj" project, a premier integrated residential community in New Heliopolis, with a total investment estimated at around EGP 1.6 bn, Invest-Gate reports.

Savills Egypt Records Robust North Coast Real Estate Sales Performance in 2024

Savills Egypt, the local office of the prominent global real estate advisor, has reported a notable surge in real estate sales rates along the North Coast, particularly in Ras El Hekma, which has emerged as a standout location, Invest-Gate reports.

Orascom Construction, Colas Rail, Hitachi Rail Secure Contract to Upgrade Cairo Metro Line 1 Systems

Orascom Construction PLC has announced that its consortium with Colas Rail and Hitachi Rail has inked a contract with the National Authority for Tunnels (NAT) to modernize Cairo Metro Line 1, Invest-Gate reports.

Reportage Properties Completes Handover of “Rukan Tower” in Dubai

Reportage Properties, the prominent UAE real estate developer, has finalized construction in the "Rukan Tower" project located in Wadi Al Safa - Dubai Land, Invest-Gate reports.

DEN Real Estate Consultancy Hits EGP 5 Bn in Developer Sales Since Start of 2024

Mohamed Abdallah, the CEO of DEN Real Estate Consultancy, announced that the company has facilitated real estate sales for developers amounting to EGP 5 bn since the year's onset, as a key component of its strategic expansion within the real estate marketing realm, Invest-Gate reports.

SODIC Launches Matcha, Good Days in CAESAR, Expanding Hospitality, Retail Offerings in Egypt’s North Coast

SODIC, Egypt's premier real estate developer, has unveiled Matcha, its latest commercial hub situated at the core of CAESAR in Ras El Hekma, alongside Good Days, a boutique concept featuring luxurious serviced apartments within the Matcha complex, Invest-Gate reports.

Somabay Records 155% Surge in Profits in H1 2024

Somabay, a leading company in tourism investment and the developer behind the renowned Somabay peninsula, disclosed profits of EGP 102 mn in the first half of 2024, denoting a remarkable 155% surge compared to the corresponding period last year, Invest-Gate reports.

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