SODIC Sells 776 Properties Across Cairo in 9M

Sixth of October Development and Investment Company (SODIC) sold out 776 properties during the first nine months of 2020, bringing gross contractual sales to EGP 4.1 bn and marking a YoY rise of 23% from EGP 3.34 ...

PHD, NBE Partner for EGP 1 bn Facility Deal

Palm Hills Developments (PHD) has inked an EGP 1 bn facility agreement with the National Bank of Egypt (NBE), while still aiming to meet the EGP 1.5 bn net debt target by year-end.

Master Group Plans for 5 New Projects Across Egypt: CEO

Egypt's real estate developer Master Group has announced plans to implement new projects in the New Administrative Capital (NAC), North Coast, Upper Egypt, and South Sinai by 2021.

Expo One to Launch 1st Virtual Property Show in Africa, MENA

Egypt's Expo One, in collaboration with Grand Technology, will kick off the "VEstate Expo 2020," bringing four quarterly live real estate exhibitions to present the first-of-its-kind virtual gateway in Africa and ...

Tenant Negotiations Provided in Dubai Rental Market

Dubai's rental market provides room for tenant negotiations in addition to other incentives

Egyptian Property Market Sees Roller Coaster Ride in 2019: JLL

US-based commercial real estate services firm JLL unveiled that the Egyptian market experienced a “roller coaster ride” last year, with a wide range of “booms and busts” being addressed by the government in line w ...

Cabinet to Receive Real Estate Development Draft Bill

Primer Minister Mostafa Madbouly has mandated the swift finalization of a draft law to establish the "Egyptian Federation for Real Estate Developers," which aims to regulate property development, ahead of its pres ...

Dubai Likely to Finalize Over 47,000 Units in 2019

UAE-based Property Finder has expected the number of completed residential units in Dubai to exceed 47,000 during the current year, following the finalization and delivery of around 21,014 residential units in 201 ...

Tatweer Misr Targets EGP 6 bn Sales in 2019

Managing Director and Board Member at Tatweer Misr Ahmed Shalaby has revealed that his company targets achieving EGP 6 bn worth of sales during 2019.

Savills Appoints New Country Head to Lead its Launch in Egypt

International property advisor Savills has kicked off its operations in Egypt and appointed Catesby Langer-Paget as the new head of Egypt, aiming to expand "its regional presence into Egypt at a time where an infl ...

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