Report: Dubai Property Prices Going Down

Dubai property sale prices in several places in the city is said to have fallen by as much as AED 25,000 ($6,800) over the past year, according to a new report by Core, the UAE associate of real estate firm Savills.

Government Recovers 130 Acres in 10th of Ramadan

130 acres behind Al Ghaba Al Sadsa area in 10th of Ramadan have been reclaimed after the removal of all infringements and transgressions, Adel Saeed Al Naggar, Head of the 10th of Ramadan City Development Authority t ...

NUCA to Collaborate with Mountain View to Develop iCity Project

The New Urban Communities Authority (NUCA) Board will issue within days a ministerial order to develop the iCity project with investments worth EGP 31.97 billion ($ 3.6 billion), in collaboration with the Saudi-Egyp ...

NBE Allocates EGP 700M to Mortgage Finance

The National Bank of Egypt (NBE) has allocated an amount of EGP 700 million, for the purchasing of 8,600 apartments within the Central Bank’s mortgage finance initiative, to provide housing for low and medium-income ...

Abu Dhabi’s Aldar Sells 75% of Mayan Development

Aldar Properties, Abu Dhabi-based real estate developer, sold over 75% of its golf and waterfront development on Yas Islan, Mayan.

Disputes Value up 7% in Region Construction

Dispute values in the Middle East Region rose to nearly 7% , their highest value since 2011, according to a report by Arcadis, a design and consultancy firm.

UDH Launches its First Project With EGP 4B Investments

Upscale Development Holding (UDH), an emerging real estate company, launched its first project worth EGP 4 billion ($ 450 million) in Borg El Arab, said Chairman Mohamed Khairy

iCity Reservation Witness Remarkable Turnout

Egypt’s largest real estate project to date, iCity, has witnessed a remarkably high turnout during its 2 day reservation period.

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