Real Estate News
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Emaar Misr’s $353m IPO in Egypt to run June 16-25
The shares will be priced at 4.49 Egyptian pounds each, meaning the offer is expected to raise 2.69 billion pounds.
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Egypt's SODIC doubles first-quarter profit
The revenues doubled from the same period last year.
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Egypt's Madinet Nasr Q1 net profit falls 51 pct y-o-y
The company reported net profit of 50.8 million pounds in the first quarter of 2014.
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14 GCC, Egyptian investors request North Coast land for tourist resorts: Ministry official
TDA aims to offer North Coast land tender in second half of 2015 as part of country’s intention to develop region.
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UAE provides EGP11bn to finance 50,000 residential properties
Project to be finalised by July, according to head of Executive Body for Social Housing
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Egypt's Amer Group posts jump in Q1 profit
Amer has diversified businesses in the primary and secondary homes market, as well as hotels, shopping malls and restaurants.
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World Bank to present mortgage system plans in Egypt
Bank participates in social housing programme providing $500m towards 1m housing units for low-income citizens.
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World Bank lends Egypt $500 mln for social housing project
Madbouly said 170,000 units would be completed by the end of the year, bringing the total number of finished units to 250,000.
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Emaar Misr's Egypt unit aims to raise $367 mln -statement
The board had recommended to shareholders that the developer offer 600 million shares on the Cairo bourse to raise EGP2.8 billion.
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Intelligent Cities Exhibition & Conference (ICEC) Gathers Global Industry Leaders Together
The not to miss event brings global industry leaders together under one roof to deliver sustainable intelligent cities
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Palm Hills, MNHD sign MoU establishing residential project
Project’s revenues will range between EGP 4.6bn to EGP 5.5bn.
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Arabtec Profit On Egypt Project Won’t Exceed 7.5%
The company agreed terms last week with Egypt for the first phase of a $36.7 billion plan to construct one million homes across the country.
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Arabtec, Egypt agrees terms on first phase of 1 mln homes project
Arabtec did not provide any details on how many phases were in the project or when it might conclude terms on building the remaining 900,000 units.
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Egypt's Amer begins construction of Jordan resort
The $221m project is due to be completed in 6 months.
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Egypt's urban authority approves Madinaty settlement
The government last year approved an amendment to the investment law that prevents third parties from challenging contracts signed between the government and investors.
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Dubai’s Emaar Says Not Part Of Egypt’s Capital City Project
The company said in a Dubai bourse statement on Monday that it was not involved in developing the planned new capital to the east of Cairo.
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Egypt, Arabtec to resume talks on housing project
Dubai-listed Arabtec announced last March it will build the homes at 13 locations around the country.
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Urgent phase implementation in Toshka City to end 30 June: Housing minister
New Toshka project will be added to urban community plan for fiscal year (FY) 2014/2015 with investments at EGP 287m.
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NBE to grant credit for 640 housing units
CBE launched mortgage initiative last April worth EGP 10bn for real estate financing involving funding housing for low-middle income classes at concessional terms.
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Eagle Hills Said Building $80 Billion New City in Egypt
The project will be formally announced by Egypt’s government at an international investors conference next month, they said.