City Edge Awards Construction Deals to ASGC, Redcon for 2 Projects

City Edge Developments (CED) signed on May 29 contracts with Dubai-based ASGC and general contracting company Redcon Spain to carry out the construction works of ETAPA and ETAPA Square, west Cairo.

El Wadi Eyes EGP 400 mn in Sales of Agora Sidi Abdel Rahman

El Wadi for Tourism and Real Estate Investment aims to record nearly EGP 400 mn in sales of its flagship resort in the North Coast, Agora Sidi Abdel Rahman, in 2019, while planning to launch 400 residential units ...

MNHD Signs Deal to Finance Nasr Gardens Compound in West Cairo

Madinet Nasr for Housing and Development's (MNHD)'s board of directors has mandated the company's managing director to ink a protocol with a real estate finance company to fund housing units of Nasr Gardens compou ...

New Tiba Sees 6,912 Social Housing Units Completed

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said a total of 6,912 social housing units, situated within 288 buildings, have been completed at New Tiba

Nshama to Deliver 5,000 Units in Town Square Dubai This Year

UAE-based real estate developer Nashma has announced plans to hand over 5,000 additional residential units in Town Square Dubai by the end of 2019, raising the total number of delivered units to over 6,600.

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 ...

Gov’t Implements 2,946 Units in New Aswan: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has revealed that a total of 66 fully-finished villas and 2,880 social housing units are being developed in New Aswan's 1,050-acre tourist stri ...

Palm Hills, Sarwa Capital Seal Securitization Bond Issue

Egypt's Palm Hills Developments uncovered on March 6 closing its latest securitization bond issue with Sarwa Capital Holding for Financial Investments, backed by receivables portfolio of EGP 760 mn in some of the ...

Gov’t Plans to Establish 400,000 Units in NAC by Mid-2020

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced plans to finalize the construction and operational works of more than 40,000 residential units in the New Administrative Capital ...

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 ...

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