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Real estate

The emirate registered 1,457 mortgage transactions
12:06 PM Sharjah sees 40.5% higher real estate transactions in 6M
UAE - Mubasher: Sharjah has registered 40,346 real estate transactions worth AED 12.2 billion during the first half (H1) of 2021, up 40.5% from the same period of 2020, according to the Emirates News Agency (WAM). The total area covered in sales …
The contracts include the establishment of two service-administrative buildings
11:33 AM Elsaeed Contracting awarded EGP 168.4m contracts
Cairo - Mubasher: Elsaeed Contracting and Real Estate Investment Company has been awarded two new contracting projects with a combined value of EGP 168.4 million.  The contracts include the establishment of a service-administrative building in …
Akam has achieved EGP 5 billion in sales from its projects in the new capital
26 July 05:18 PM Akam Developments plans EGP 1.22bn investments in new capital in 2021
By: Abdullah Bedeir  Cairo - Mubasher: Akam Developments plans to invest EGP 1.22 billion in two projects in the New Administrative Capital by the end of 2021.  So far, the property developer has achieved EGP 5 billion in sales from its projects …
Mortgage funding grew to EGP 3.4 billion in 2020
26 July 12:43 PM Egypt's FRA approves amendments to mortgage finance law
Cairo – Mubasher: The board of directors of the Egyptian Financial Regulatory Authority (FRA) approved the draft amendments to some provisions of the mortgage finance law no. 148 of 2001.  These amendments are aimed at addressing some challenges …
The total number of sales transactions in Dubai reached 15,638 in Q2-21
25 July 01:44 PM Dubai's real estate sales transactions hit AED 14.79bn in June
UAE – Mubasher: Dubai has registered 6,388 sales transactions valued at AED 14.79 billion in its real estate sector during June 2021, marking the highest in value since December 2013. Dubai's sales transactions are 44.33% higher in terms of volume …
Aldar Properties submitted a preliminary non-binding offer in mid-March
25 July 01:32 PM UAE’s Aldar Properties gets another deadline extension to bid for SODIC
Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved a request by the UAE’s Aldar Properties to extend the deadline for submitting a mandatory tender offer (MTO) to fully acquire Six of October Development and Investment …
The company achieved net profits of EGP 22.29 million in three months
18 July 01:52 PM Giza Contracting preliminarily awarded EGP 500m contract
Cairo - Mubasher: Giza General Contracting and Real Estate Investment Company has received a preliminary award letter for its alliance with a contracting firm to implement infrastructure works in Sheikh Zayed City.  The initial value of the …
The project will be established over over an area of 1,695 feddans in New Cairo
18 July 01:23 PM Heliopolis Housing postpones date for submitting offers for Heliopark project
Cairo - Mubasher: Heliopolis Company for Housing and Development has postponed the date for submitting technical and financial offers for the development of Heliopark project to 10 August instead of 27 July, according to a bourse disclosure on …
The new location will be presented to NUCA's board of directors.
18 July 11:53 AM SODIC to change location of 500-acre project in New Zayed
Cairo - Mubasher: Sixth of October Development and Investment Company (SODIC) has received a letter from the Ministry of Housing, Utilities, and Urban Communities regarding the 500-acre land plot in New Zayed. The land plot, currently being …
Saudi Ceramic will partially fund the transaction through a Murabaha loan
15 July 01:04 PM Saudi Ceramic buys asset for SAR 56m
Riyadh – Mubasher: Saudi Ceramic Company has signed an agreement on 14 July to purchase a land plot for SAR 55.9 million, excluding real estate tax. The asset spans an area of 111,827 square metres and is located in the new industrial area in …
Social housing project
14 July 04:55 PM Egypt makes EGP 10bn available for developing governorate capitals
By: Abdullah Bedeir Cairo - Mubasher: Egypt has made EGP 10 billion available for developing governorate capitals and major cities as part of the EGP 300 billion allocated for the "Housing for all Egyptians" initiative, the Executive Director of …
The new project is scheduled for completion in four years
14 July 02:02 PM Nile Developments targets EGP 1.5bn investments in new project in NAC
By: Abdullah Bedeir Cairo - Mubasher: Nile Developments aims to invest EGP 1.5 billion in a new project in the New Administration Capital's (NAC) Downtown area. The project, scheduled for completion in four years, will feature 1,000 hospitality …
iCity Project is developed by Mountain View and NUCA
14 July 10:46 AM Egypt partners with private property developers in EGP 965bn projects
Cairo - Mubasher: The Egyptian government has partnered with private-sector real estate developers in 18 projects over a total area of about 19,250 feddans and with investments of EGP 965 billion in the last six years, Minister of Housing Assem …
Asmarat social housing
13 July 05:48 PM Egypt allocates EGP 300bn for developing governorate capitals, major cities
By: Abdullah Bedeir Cairo - Mubasher: Egypt has raised the allocated amount for developing governorate capitals and major cities to EGP 300 billion from EGP 250 billion as part of the "Housing for all Egyptians" initiative, the Executive Director …
Etmam granted the certificate to Deer Real Estate
13 July 05:24 PM Al Naqool’s subsidiary receives qualification certificate from Etmam
Riyadh – Mubasher: Deer Real Estate Company, a subsidiary of Mohammed Hassan Al Naqool Sons Company, has obtained a certificate from the Developers Services Center (Etmam), affiliated to the Ministry of Municipal and Rural Affairs and Housing. The …
Banks and mortgage finance companies will offer loans at a declining interest of 3%
13 July 12:21 PM CBE launches EGP 100bn mortgage initiative for low, middle income people
Cairo - Mubasher: The Central Bank of Egypt (CBE) has launched a mortgage finance initiative, allocating EGP 100 billion for financing housing units for low- and middle-income earners.   Under the initiative, banks and mortgage finance companies …
The company incurred net losses of EGP 6.5 million in three months
12 July 03:51 PM Egyptian Resorts responds to news about withdrawing Marsa Alam land plot
Cairo - Mubasher: The Egyptian Resorts Co responded to news reports about the government's withdrawal of 2 million square metres (sqm) of land from non-serious tourism companies in the city of Marsa Alam. The company said that it has not received …
The property developer will launch two projects in New Cairo and North Coast
8 July 05:43 PM UAE's Al Qamzi Developments plans EGP 14bn investment in Egypt
Cairo - Mubasher: The UAE's Al Qamzi Developments plans to inject EGP 14 billion worth of investments in the Egyptian market over a period of four years. The property developer will launch two projects in New Cairo and North Coast as part of …
The project is scheduled for completion within two years
7 July 04:18 PM The MarQ Developments acquires land from TAMEER to build EGP 2bn project
By: Abdullah Bedeir  Cairo - Mubasher: The MarQ Developments purchased a 20-feddan land plot in New Cairo from Development and Engineering Consultants Co (TAMEER) to build its latest project named The WaterMarQ with investments of EGP 2 billion. …
City Edge customers will get payment facilities through three mortgage plans
6 July 05:12 PM City Edge inks mortgage financing protocol with Credit Agricole
Cairo - Mubasher: City Edge Developments signed a cooperation protocol with Credit Agricole-Egypt as part of the mortgage finance initiative launched by the Central Bank of Egypt (CBE).  Under the protocol, the bank will finance real estate units …
The project will feature 732 units, an international hotel, and a commercial centre
6 July 10:44 AM Jumeirah Egypt plans EGP 7bn investment in North Coast's project
By: Abdullah Bedeir  Cairo - Mubasher: Jumeirah Egypt aims to invest EGP 7 billion in a new project in the North Coast over an area of 112 feddans (470,000 square metres). The project will feature 732 units, an international hotel, and a …
The asset is located in Riyadh and spans an area of 3,990 square metres
5 July 05:33 PM Al Naqool buys land plot for SAR 16m
Riyadh – Mubasher: Mohammed Hasan Al Naqool Sons Company has purchased a land plot for a total value of SAR 15.87 million in Al Malqa district, according to a bourse filing on Monday. The asset, which is located in Riyadh and spans an area of …
The company contracted with a number of major consulting companies
5 July 03:19 PM Zodiac Development invests EGP 5bn in real estate market
Cairo - Mubasher: Zodiac Development revealed that its investments in the market reached EGP 5 billion, with plans to be increased in the first quarter (Q1) of 2022.  The company is investing EGP 400 million in a new project in the New …
TMG Holding achieved sales of EGP 21 billion in H1-21
5 July 11:04 AM Talaat Moustafa Group's Noor City records EGP 15bn sales in three weeks
Cairo - Mubasher: Talaat Moustafa Group Holding (TMG Holding) has generated record sales of EGP 15 billion from its recently-launched Noor City project in east Cairo in three weeks.  During the first half (H1) of 2021, TMG Holding achieved sales …
Aldar will also invest a fixed amount in qualifying ESG projects
4 July 01:18 PM Aldar signs AED 300m sustainability-linked loan with HSBC
Abu Dhabi – Mubasher: Aldar Properties has inked an agreement with HSBC to secure an innovative five-year term sustainability-linked loan worth AED 300 million. The property developer becomes the first real estate company in the Middle East and …