Damac Issues Contracts for Several Projects

• Wednesday, 14th December 2016
• by Farah Montasser

Property developer, Damac Properties, announced that it has awarded contracts worth AED 1.26 bn over the past four months, reported The National on Tuesday

Abu Dhabi Reintroduces 5% Rent Cap

• Wednesday, 14th December 2016
• by Farah Montasser

The emirate of Abu Dhabi reintroduced a 5% cap on the annual rent increase, stated the Department of Municipal Affairs and Transport on Tuesday

Egypt’s New Capital Completes 30% of its Infrastructure

• Wednesday, 14th December 2016
• by Farah Montasser

Approximately 30% of the first phase of Egypt’s Administrative Capital infrastructure has been completed, Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly informed President Abdel Fattah Al Sisi ...

MNHD Records Revenues of EGP 1.4 bn in November

• Wednesday, 14th December 2016
• by Farah Montasser

Egyptian real estate company, Madinet Nasr Housing & Development (MNHD) has registered revenues of EGP 1.4 bn during the past 11 months, ending by November 30, reported Daily News Egypt

New Land Prices to be Set in New Administrative Capital

• Tuesday, 13th December 2016
• by Farah Montasser

The Administrative Capital for Urban Development Company will be holding a meeting within days to discuss the final pricing for the first land offering within the New Administrative Capital project, in efforts to att ...

Government Offers Lands for Cooperative Housing in 15 Cities

• Tuesday, 13th December 2016
• by Farah Montasser

A total of 2,000 acres of lands will be allocated for cooperative housing projects in 15 cities, announced Head of the General Authority for Construction & Housing Cooperatives Hossam Rezk

Deyaar Launching Year-End Promotions Campaign

• Tuesday, 13th December 2016
• by Farah Montasser

Property developer, Deyaar, launched a year's end promotional campaign for some of its residential projects, according to a press release on Monday

UAE to Issue New Fire Code Following Recent Events

• Tuesday, 13th December 2016
• by Farah Montasser

UAE plans to issue a new fire code in early 2017, following the recent accident that took place at an upscale apartment block on the Palm Jumeirah Island on Monday evening calling for more safety measures, reported ...

Al Hajiry Trading to Develop Mazaya Residences, Oman

• Tuesday, 13th December 2016
• by Farah Montasser

Al Mazaya Group Holding, an Omani developer, has awarded a - OMR 5.7mn- contract (AED 54.38mn) to Al Hajiry Trading for building and maintaining its upcoming project Mazaya Residences, reported Gulf News on Tuesday

34,800 Land Plots to be Allocated Across 8 New Cities

• Monday, 12th December 2016
• by Farah Montasser

A public lottery will be held next week to allocate a total of 34,800 land plots within the social housing program located across eight new cities, according to a statement from the Ministry of Housing, Utilities, an ...