MNHD Records Revenues of EGP 1.4 bn in November

Egyptian real estate company, Madinet Nasr Housing & Development (MNHD) has registered revenues of EGP 1.4 bn during the past 11 months, ending by November 30, reported Daily News Egypt

New Land Prices to be Set in New Administrative Capital

The Administrative Capital for Urban Development Company will be holding a meeting within days to discuss the final pricing for the first land offering within the New Administrative Capital project, in efforts to att ...

Shapoorji Pallonji’s Imperial Avenue Underway

Indian engineering and construction company Shapoorji Pallonji (SP) stated it has begun the construction of Imperial Avenue, a residential tower project in Downtown Dubai, according to a press release on Monday

Bloom Completes Phase Three of Bloom Gardens

UAE developer Bloom Properties announced the completion of the third phase of its Bloom Gardens project in Abu Dhabi on Sunday, reported The National

Sharjah Rents Continue To Drop

The continued drop in rents in the emirate of Sharjah puts tenants in a comfortable position, suggested a recent report by consultancy Cluttons from Wednesday

Ardic Sells 600 Units in Zizinia New Cairo

Ardic for Real Estate Development has sold a total of 600 out of 1,800 units in its Zizinia project in New Cairo, and is studying increasing the EGP 8,000 price per meter square as a result of the recent economic dec ...

Coldwell Banker to Promote Projects Worth EGP 7 bn in 2017

Coldwell Banker expects to promote projects worth EGP 7 bn during 2017, compared to EGP 5.5 bn during 2016, reported Al Borsa

Real Estate Appraisal Association Demands Increase in Assessment Fees

The Real Estate Appraisal Association has requested that banks increase real estate assessment fees by 100% following the flotation of the Egyptian pound, reported Al Mal

Mortgage Companies Provide EGP 783 mn by October 2016

Total real estate funding activity amounted to EGP 783 mn in the first 10 months of 2016, compared to last year’s EGP 732 mn, marking a 7% increase, according to Sherif Samy, head of the Egyptian Financial Supervisor ...

Capital Group to Invest $250 mn by Q1 2017

Capital Group Properties (CGP) will be increasing its investments to a total of $ 250 mn by the first quarter of 2017, according to the company’s CEO Amgad Hassanein, reported Al Borsa

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