SODIC Revenues Grow 84% in Q1 2019

Sixth of October Development and Investment (SODIC) reported on May 19 a sharp rise of 84% YoY in its Q1 2019 revenues, logging EGP 941 mn, compared to EGP 512 mn in the year-ago period, on the back of early hando ...

Royal Eyes EGP 250 mn Sales of Egyptian Projects in 2019

Egypt-based Royal for Real Estate Development aims to achieve sales worth EGP 250 mn from its array of projects across the country in 2019.

ODE’s Net Real Estate Sales Spikes 282.8% in Q1 2019

Orascom Development Egypt (ODE) has reported that its net real estate sales soared by 282.8% to EGP 1.5 bn in Q1 2019 versus EGP 397.6 mn in the prior-year period, driven by a rise in unit sales at O West, its fir ...

Heliopolis Housing to Sell 32 Plots in Sheraton

Heliopolis Company for Housing and Development (HHD) has announced offering 32 land plots in Sheraton, Heliopolis, for sale for two weeks, starting May 12.

Carrefour Hypermarket Opens at World 1st Nature-Inspired Mall

UAE-based Cityland Group partnered with Majid Al Futtaim on May 13 to kick off a 109,000-square-feet Carrefour Hypermarket at Cityland Mall, which is touted as the world's first nature-inspired shopping center in ...

Heliopolis Housing Gets Approval for Additional Heights at Shorouk Land

Heliopolis Company for Housing and Development (HHD) unveiled on May 8 that it received the approval for additional heights of buildings at its land in El Shorouk City, permitting the developer to build up to seve ...

Bayut Uncovers New Floor Plan Tool for UAE Properties

UAE’s largest online property portal Bayut has launched a new game-changing feature on its website, providing users with detailed 2D and 3D floor plans for over 40,000 property types in the UAE, in an effort to ra ...

TMG to Set Up Mortgage Finance JV With GB Capital, EFG Hermes

Talaat Moustafa Group (TMG) Holding has agreed to establish a mortgage finance joint venture (JV) with GB Capital, financing subsidiary of GB Auto, and EFG Hermes, in a bid to serve Egypt’s growing population of h ...

MG Developments to Implement HQ Project in New Cairo

MG Developments started the construction of its HQ project in the first sector on 90 Road in New Cairo's Fifth Settlement, east Cairo.

Delegation of Egyptian Businessmen Discuss Bilateral Investment Ties with KSA

A delegation of Egyptian businessmen met on April 8 with the Saudi Housing Minister Majed bin Abdullah Al-Hogail to discuss future investments in real estate.

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