Real Estate News
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UAE’s Emaar to float in Egypt’s stock market at 3.8 pounds per share
The company is due to list and trade on the Egyptian stock market on July 2, but the date is subject to change.
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Egypt's Palm Hills agrees $98 million loan through subsidiary
The company arranged the loan with Banque Misr, the National Bank of Egypt , and the Arab African International bank.
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Egypt responsible for Cairo Capital project should negotiations with partners fail: Assistant Housing Minister
Negotiations with Emirati investors facing huge challenges, but ministry insists on establishing the project even if negotiations fail, says Abbas.
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Egypt signs $4.6 bln construction deal with Arabia Group -statement
The agreement was made at the Economic Summit that was held in March.
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Real estate developers seek low cost funds from EGX
Listing real estate companies allows them to increase capital to compete with foreign companies.
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Egyptian developer Palm Hills in three deals worth $63 mn
Last month Palm Hills said it had completed a 1.62 billion Egyptian pound share sale to fund growth.
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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.