SODIC Sees 25% Rise in Home Sales Albeit Fewer Releases

Sixth of October Development and Investment Company (SODIC) logged a 25% uptick in residential contractual sales in Q1 2020, registering EGP 842 mn versus EGP 672 mn in the year-ago period, driven mainly by its we ...

Smart Assets Eyes EGP 600 mn Contractual Sales in 2020

Egypt-based Smart Assets Real Estate Company is targeting the generation of EGP 600 mn in contractual sales for the various private projects across the country during the current year, compared to EGP 460 mn in 20 ...

DM Development Posts 60% of Target Sales Despite Coronavirus Woes

Egypt-based DM Development has managed to log 60% (or EGP 150 mn) of its targeted sales for “The Groove” project in Ain Sokhna in Q1 2020, aiming to seal deals worth EGP 1 bn by year-end.

Al Fanar Agrees on EGP 5.5 mn Finishing Works in New Alamein

Al Fanar Contracting, Construction, Trade, Import, and Export Company has contracted with the consortium of the Consolidated Contractors Group (CCC) and HA Construction Company (HAC) for the execution of some fini ...

Cabinet Reallots 707,000-Acre Coastal Lands for New Urban Project

Egypt's Cabinet has passed on the reallocation of four 707,000-acre land plots on the North Coast for the establishment of a new integrated urban community.

New Alamein Coastal Towers 82% Done: Minister

Egypt's housing ministry has finalized 82% of the 15 coastal towers, or 4,500 residences, being undertaken in New Alamein, finishing 34 out of 41 floors at some of them.

Arabtec to Build EGP 1.60 bn Residences at Emaar Misr’s Marassi

Emaar Misr for Development, Cairo-based unit of UAE’s Emaar Properties, has awarded an AED 366 mn (EGP 1.61 bn) contract to Arabtec Construction to build the first of Marassi‘s six phases in the Greek Village on t ...

New Alamein’s Lausanne University Sees Initial Designs Completed

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced that the initial designs for Swiss-based University of Lausanne (UNIL) have been implemented by one of the global consultancy off ...

Ajna Developments Makes Debut with EGP 3 bn Ain Sokhna Project

Ajna Developments made its debut in the Egyptian real estate market with its flagship project in Ain Sokhna, "Carnelia," which will see investments worth EGP 3 bn

Inertia’s The Cribs Among Final Candidates for Cityscape Awards

Egypt's property developer Inertia announced that its The Cribs Neighborhood project in Jefaira, located on the North Coast, has been a finalist at the Cityscape Awards for the Emerging Markets for future resident ...

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