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Real estate

FRA raised the limit of mortgage finance granted to each investor
01:38 PM FRA reveals EGP 2.38bn mortgage finance companies operating in Egypt
Cairo – Mubasher: The number of mortgage finance and refinance companies in Egypt reached 14 firms with a total issued capital of EGP 2.384 billion at the end of the second quarter (Q2) of 2020, the Chairman of the Financial Regulatory Authority …
The company's sales reached AED 586 million in 9M
12:53 PM Reportage Properties' sales exceed AED 237m in Q3-20
UAE – Mubasher: The UAE developer Reportage Properties saw more than AED 237 million sales during the third quarter (Q3) of 2020, according to the latest data by the company. During the first nine months of 2020, the company's sales reached …
About 1.4 million people have submitted reconciliation requests
24 September 04:23 PM Egypt extends payment period of building violation reconciliation fees
Cairo – Mubasher: The Egyptian Prime Minister, Mostafa Madbouly, announced an extension of the period for paying building violation reconciliation fees for a month until the end of October.  About 1.4 million people have submitted requests for …
Bo Islands project is located at the heart of Sidi Abdelrahman Bay
24 September 01:41 PM NBE approves EGP 300m bridge loan for Maxim Real Estate Investment
Cairo – Mubaser: The National Bank of Egypt (NBE) approved the provision of a bridge loan worth EGP 300 million to Maxim Real Estate Investment (MREI) to finance Bo Islands project on the North Coast. The syndicated loan has been arranged by a …
Haitham Abdel Azeem, CEO of Ora Developers
23 September 03:37 PM Ora Developers in talks with banks over EGP 2bn loan
By: Abdullah Bedeir Cairo – Mubasher: Ora Developers is currently in negotiations with three to four banks over a EGP 2 billion loan, the CEO, Haitham Abdel Azeem, said. After the completion of negotiations, the company will inject EGP 1.5 billion …
The first phase is expected generate sales of EGP 6 billion.
22 September 03:58 PM Ora Developers awards EGP 5bn contracts to develop ZED East
By: Abdullah Bedeir Cairo – Mubasher: Ora Developers has awarded EGP 5 billion worth of contracts for the development of the first phase of ZED East in New Cairo, the Chairman and CEO, Naguib Sawiris, said. Orascom, Alrowad Group, and Redcon …
Amer Group Holding Co achieved net profits of EGP 27.608 million in six months
22 September 01:58 PM Amer Group cancels plan to build project in New Sohag City
Cairo – Mubasher: Amer Group Holding Co cancelled a plan to purchase a land plot in New Sohag City for building an urban project. The company took its decision after conducting financial and marketing studies to consider the feasibility of the …
Al Thuraya Tower 1 represents 20% of ENBD REIT’s total portfolio
22 September 10:34 AM ENBD REIT appoints Savills, Bluehaus to upgrade portfolio's largest asset
UAE – Mubasher: ENBD REIT, a Shari’a compliant real estate investment trust, has appointed Savills and Bluehaus Group to upgrade its largest asset Al Thuraya Tower 1, located in Dubai Media City. In the refurbishment programme for the building, …
Rukan Tower provides 488 residential units
21 September 01:10 PM Reportage Properties launches Rukan Tower in Dubailand
UAE - Mubasher: Reportage Properties, Abu Dhabi-based real estate development company, has launched 'Rukan Tower', which is the second phase of the Rukan loft project in the Dubailand area. The Rukan loft project is being implemented in …
Musharaka Capital is the representative of the Fund
21 September 10:36 AM DMCC completes AED 46m real estate transaction with Saudi Musharaka Capital
UAE – Mubasher: Dubai Multi Commodities Centre (DMCC) has completed a real estate transaction for Saudi Arabia-based Musharaka REIT Fund at a total value of AED 46 million ($12.6 million). As a fund Manager for Musharaka REIT, Musharaka Capital is …
SODIC sold 1,500 units in the Villette Project
20 September 05:13 PM SODIC's unit inks EGP 2.57bn facility deal with AAIB
Cairo - Mubasher: Six of October Development and Investment (SODIC) announced that its subsidiary SOREAL For Real Estate Investment signed a medium-term facility package worth EGP 2.57 billion with the Arab African International Bank (AAIB). The …
The project is located on an area of nearly 128 acres
20 September 03:56 PM City Edge Developments launches Mazarine Islands Phase II
Cairo – Mubasher: City Edge Developments has launched the second phase of Mazarine Islands in New Alamein after the first phase was sold out completely. The project, developed by the New Urban Communities Authority (NUCA) and marketed by City Edge …
The project is being implemented in collaboration with ADHA
20 September 12:37 PM Musanada completes 50% of infrastructure project in Al Ain
UAE – Mubasher: Abu Dhabi General Services Company, Musanada, has completed around 50% of the AED 97.5 million infrastructure project in Ghanima, east of Al Ain city, according to the Emirates News Agency (WAM). To be delivered in the second …
The takeover will expand the fund’s asset base and diversify its income sources
15 September 04:12 PM Alkhabeer REIT Fund takes over Elegance Tower
Riyadh – Mubasher: Alkhabeer REIT Fund that is managed by Alkhabeer Capital has completed the acquisition of Elegance Tower, an office tower located in King Fahd Road in Riyadh city. The takeover will expand the fund’s asset base and diversify its …
The findings focus on the COVID-19 impact on the real estate sector
15 September 01:09 PM UAE's real estate industry expected to grow 3.8% in 2021
UAE - Mubasher: The UAE construction sector is forecast to witness a 3.8% growth in 2021, as shown by the latest Middle East construction industry findings by Linesight, an international construction consultancy. The findings focus on the COVID-19 …
Sakany is featured with leisure facilities
13 September 04:22 PM Dubai South invests AED 500m in Sakany staff accommodation
UAE - Mubasher: Dubai South Properties has invested AED 500 million in its first leasehold staff accommodation development (Sakany), according to the Emirates News Agency (WAM). Sakany is featured with leisure facilities and well-equipped medical …
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13 September 09:50 AM Arabian Centres sells entire shares in Al Bawarij for SAR 40m
Riyadh – Mubasher: Arabian Centres Company sold on 10 September its entire remaining shares in Al Bawarij International Development and Real Estate Investment for SAR 40.398 million. The transaction’s impact will reflect on Arabian Centres’ …
The real estate company has recently launched "MAG City" projec
10 September 03:26 PM MAG Development to concentrate 95% of investments in Dubai
UAE - Mubasher: MAG Development has decided to focus 95% of its investments in Dubai, expressing optimism about the future of investments in Dubai's real estate sector. The real estate development arm of MAG Holding Group will benefit from …
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8 September 04:19 PM Etqaan to auction Sheikh Saleh Al Rajhi real estate assets soon
Riyadh – Mubasher: Etqaan Real Estate Company said it will auction real estate properties in Riyadh soon in cooperation with the Liquidation Council of the estate of late Sheikh Saleh bin Abdulaziz Al Rajhi. The properties include Azizia Mall …
Ejar is a system that aims to develop the housing and real estate sector in KSA
8 September 11:51 AM Ejar notarizes 110K lease contracts in August
Riyadh – Mubasher: Ejar programme, which is affiliated to Saudi Arabia’s Ministry of Housing, on Tuesday said a total of 110,000 residential and commercial lease contracts were notarized during August 2020. The percentage of residential lease …
The facility will enable the company to promote the sale of its “ready to move” units
7 September 05:31 PM Palm Hills signs EGP 1bn facility deal with NBE
Cairo – Mubasher: Palm Hills Developments (PHD) signed a facility agreement worth EGP 1 billion with the National Bank of Egypt (NBE) through utilising receivables from the sale of “ready to move” units. The facility will enable the company to …
Jura El-Galala
7 September 04:56 PM New Jersey Developments launches EGP 1bn Jura El-Galala project
By: Abdullah Bedeir Cairo – Mubasher: New Jersey Developments has launched Jura El-Galala project in Ain Sokhna with investments of EGP 1 billion.  Spanning over an area of 10 feddans, the project is comprised of a ground floor and four storeys …
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7 September 09:52 AM Alkhabeer REIT joins FTSE EPRA Nareit Global Real Estate Index
Riyadh – Mubasher: Alkhabeer Capital announced that Alkhabeer REIT Fund joined the FTSE EPRA Nareit Global Real Estate Index specialising in Real Estate Investment Traded Funds (REITs) and real estate companies. The joining will allow the fund to …
The Egyptian President Abdel Fattah El-Sisi
3 September 03:50 PM El-Sisi allocates land in Matrouh for wastewater project
Cairo – Mubasher: The Egyptian President Abdel Fattah El-Sisi issued a decree for the allocation of a state-owned land plot in Matrouh for building a wastewater plant and an administrative building, the Middle East News Agency (MENA) reported on …
The partnership will enable ADNOC to benefit from the assets' rental income
2 September 09:55 AM ADNOC attracts AED 10bn foreign investments to UAE
UAE - Mubasher: The Abu Dhabi National Oil Company (ADNOC) has reached a long-term strategic agreement with entities owned and/or advised by New York-headquartered Apollo Global Management and its subsidiaries. Under the agreement, a consortium of …