MNHD Launches New Phases of Taj City, Sarai

Managing Director and CEO of Madinet Nasr Housing and Development (MNHD) Ahmed Al Hitamy has uncovered the launch of three new phases of New Cairo's Taj City and Sarai.

Marakez Gets EGP 395 mn Loan for Mall of Arabia Expansion

Marakez for Real Estate Investment, a subsidiary of Saudi Arabia's Fawaz Alhokair Group, has signed a long-term loan agreement with Emirates NBD Egypt to provide EGP 395 mn worth of funds for Mall of Arabia's new ...

JLL Shares Positive Outlook for Egypt’s Real Estate

US-based commercial real estate services firm JLL has highlighted that Cairo’s real estate market saw a positive performance across all subsectors, including hotel, residential, retail, and administrative developm ...

MNHD Posts Lower Profits in 9 M

Egypt's property developer Madinet Nasr Housing and Development (MNHD) reported a consolidated net profit of EGP 631 mn during the first nine months of 2019, a decline from EGP 869.1 mn during the same period last ...

City Edge Secures EGP 20 bn Revenues in 20 M

CEO of City Edge Developments (CED) Amr El Kady has revealed that his company's revenues touched EGP 20 bn over the course of 20 months

IPS Riyadh to Host 16 Egyptian Developers Next December

The International Property Show (IPS) Riyadh, KSA, will host 16 Egypt-based property developers, meeting the government's plans to export Egyptian real estate abroad and convening from December 12 to 14, under the ...

UAE Banks Weighing Proposed Caps to Property Lending

United Arab Emirates' bank lobby is proposing limits on bank lending to the real estate sector to protect them from being overexposed to sector.

Kuwait to Fund Phase II of Sinai Development With USD 1 bn

Egypt and Kuwait signed two financing deals worth over USD 1 bn to finance the second phase of the Sinai development program

A 20-Day-Offer in Celebration of PHD 20-Year-Achievement

In celebration of its 20-year-achievement, Palm Hills Developments (PHD) provides a special offer to its potential clients for 20 days from October 20.

Bahrain’s RERA Launches New Real Estate Valuation System

Bahrain's Real Estate Regulatory Authority (RERA) launched on October 21 a new real estate valuation system to ensure greater protection to investors and other sectors including that of banking

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