Maxim Developments Uncovers Bo Islands and Bo Sands this Summer

Cairo-based developer Maxim Developments is introducing new projects in North Coast’s Sidi Abdel Rahman this summer, Invest-Gate reports.

RTA Extends Real Estate Tax Payment Period to End-June

The Real Estate Tax Authority (RTA) decides to extend the payment period of the real estate tax, Invest-Gate reports.

Marseilia Egyptian Gulf Real Estate Investment Seeks Investment in Upper Egypt

Marseilia Egyptian Gulf Real Estate Investment is seeking to invest in three tourist projects in Egypt by the end of 2017, Invest-Gate reports.

Vincitore Real Estate Launches 2nd Residential Project in Dubai

Dubai’s developer Vincitore Real Estate Development unveils its second project, Vincitore Boulevard, in Dubai, Invest-Gate reports.  

Egypt’s Amlak Eyes Sales of USD 2.7 mn From Two Housing Projects This Year

Egypt’s Amlak Real Estate Investment and Marketing targets achieving sales of EGP 50 mn (USD 2.7 mn) from the first phase of Tala and Eshraka projects within 2017, local media reports.

Emaar to Offer 30% of Real Estate Development Business in IPO

Dubai-based Emaar Properties is offering up to 30% of its United Arab Emirates real estate development business in an initial public offering, Reuters reports.

El-Saeed Contracting Shareholders Approve Capital Hike

Egypt’s El-Saeed Contracting and Real Estate Investment Company is to raise the issued and paid-up capital to EGP 709.65 mn from EGP 665.297 mn, Invest-Gate reports.

GII to Launch GCC’s Shariah-compliant Real Estate Investment Trust

Gulf Islamic Investments (GII) announces the upcoming formation and launch of a Shariah-compliant real estate investment trust (REIT), under the name of “GII Islamic REIT Ltd”, Reuters reports.

Egypt’s Commercial Property to See Higher Demand in 2017

The float of the EGP has lured foreign investments back to the economy as capital inflow ups demand for commercial real estate with investors seeking income-producing assets, according to a BMI research report.

UAE Commercial Property to See Modest Demand In 2017

The UAE commercial real estate industry will continue to witness “soft” demand in 2017, Invest-Gate reports.

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