Real Estate News
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New partnership arises between Misr El Kheir, Al-Futtaim Group Real Estate
Educational, service projects inaugurated at Manshaal Al-Dahab Al-Qibliyya village in Minya.
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Valuation dispute halts SODIC’s acquisition of Orascom for Real Estate
The company said in a statement that, after consultation, Orascom Development and SODIC decided not to proceed with that deal.
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El Obour Real Estate’s profits surge 55% YoY in 2022
Revenues grew 14.8% to EGP 114.22 million last year from EGP 99.45 million in the previous year.
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Strong presence of Egypt’s real estate developers in MIPIM in Cannes
Egypt’s participation in MIPIM, the world’s leading real estate market event, is an important marketing opportunity for its urban renaissance.
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Raaed Developments launches ROOTS compound in New Sohag with EGP 1.8bn investment
Raaed Developments has announced the launch of its flagship project, ROOTS, in New Sohag, with a total investment of EGP 1.8bn.
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Tatweer Misr signs MoU with Saudi Arabia to facilitate investment opportunities in Kingdom
The collaboration comes in light of Tatweer Misr’s expansion strategy, which aims to diversify its portfolio of projects.
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Madaar to invest EGP 5bn in its projects in 2023
He added that the company continues to carry out Azha Sokhna’s construction, after investing billions of Egyptian pounds.
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Egypt's West Way Developments to launch new projects in 2023
The first project, a 5-acre, 36-villa development, involves an investment of EGP250 million ($8 million).
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China's home appliance giant Haier builds 1st plant in Egypt
China's home appliance giant Haier held a groundbreaking ceremony on Wednesday for its first Egyptian factory.
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NUCA approves EGP 145.5bn budget for FY 2024
The New Urban Communities Authority (NUCA) is working on the development of 56 new urban communities, including 8 cities in the first generation.
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Misr Italia Properties participates for the first time in MIPIM
The world's leading real estate market event takes place in the period between March 14th - 17th in Cannes, France.
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Amer Group shifts to $6.30mln consolidated losses in 2022
The revenues plummeted to EGP 870.48 million in 2022 from EGP 1.37 billion in 2021, whereas the total assets enlarged to EGP 9.97 billion.
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Mountain View participates in MIPIM exhibition the world's leading real estate market event
Mountain View’s participation for the second year in a row affirms the company’s eagerness to partake in the most renowned international exhibitions.
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Egypt seeks to issue title deed insurance policy to motivate foreigners to buy real estate
Farid affirmed, during a press conference held, Thursday, that this document will help motivate non-Egyptians to buy Egyptian real estate.
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Billboards for market research launches its activities in Egypt
The company works to provide all analytical data that is concerned with the smallest details of the real estate system.
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Emaar Misr establishes new company
Emaar Misr for Development recorded a net profit of LE 6.56 billion in 2022, compared to profits of LE 4.11 billion in 2021.
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Al-Futtaim Group Real Estate and VeryNile join forces to intercept plastic pollution in the Nile river
On the sidelines of the cleanup initiative, the group’s participants also had the chance to attend a workshop which primarily focused on recycling.
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Mountain View directs $195mln to construction works in 2023
Mountain View plans to direct its new investments to develop new phases within its projects, and expand its services through new launches.
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China-built CBD project promotes sustainable development in Egypt's new capital
The CBD project has employed 16,000 workers and engineers,12,000 Egyptians and 4,000 Chinese, who have cooperated well despite language hurdles.
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Saudi Egyptian Developers signs contract with Kuwait’s Al-Kharafi Group
Al-Taher noted that Al-Kharafi starts work on the project and completes 10% of the infrastructure work.