Cairo – Mubasher: Sakan Developments has launched its flagship project, Park-U, in El-Shorouk City, with investments exceeding EGP 4.80 billion, according to a press release.The launch is part of the group’s expansion plan aimed at creating integrate
Cairo – Mubasher: Secure Assets for Fixed Earnings(SAFE), the real estate investment platform of Madinet Masr Housing and Development, has handled transactions totaling EGP 300 million in inventory value.SAFE facilitated the sale of more than 5,600 p
Cairo – Mubasher: Paragon Developments, Egypt’s leading regenerative mixed-use developer, has inaugurated its first regional office in Saudi Arabia, according to a press release.Located in Riyadh, the development scheme aligns with the company’s comm
Cairo – Mubasher: Madinet Masr Housing and Development penned a memorandum of understanding (MoU) with Waheej for Real Estate to expand its presence in the Saudi real estate market. Madinet Masr and the licensed Saudi real estate developer will …
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) aims to generate total sales of EGP 120 billion from the Sharm Bay project over its lifespan, according to a bourse disclosure. Located near the group-owned Four Seasons Resort …
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), a unit of the UAE-listed FAB, has led a syndicated loan worth EGP 4.20 billion for Redcon Properties, according to a press release. The loan will be used to finance the execution of the …
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) signed a deal with the Omani Ministry of Housing and Urban Planning to develop two projects in Oman, according to a press release. Hisham Talaat Moustafa, Chairman of Talaat …
Mubasher: Global hotels and resorts group Hilton signed two new properties in Cairo’s New Administrative Capital (NAC) in partnership with Panax Company, part of Selim Holding Group, according to a press release. Expected to open in 2028, Hilton …
Mubasher: Majid Al Futtaim has launched its Junction project, its first-ever business park in Egypt, with investments of EGP 15 billion, according to a press release. Located next to the Mall of Egypt in West Cairo, the launch supports the …
UAE – Mubasher: The UAE Ministry of Finance has announced a new decision that specifies the cases in which a non-resident juridical investor in a Qualifying Investment Fund (QIF) or Real Estate Investment Trust (REIT) is considered to have a nexus …
Cairo – Mubasher: Middle East for Real Estate and Tourism Investment LLC, a subsidiary of Palm Hills Developments Company, is set to secure a long-term syndicated loan facility with a maximum EGP 1.30 billion from Banque Misr. The unit will …
Cairo – Mubasher: Pioneers Properties for Urban Development achieved consolidated net profits after tax worth EGP 1.26 billion at the end of December 2024, up year-on-year (YoY) from EGP 556.97 million. Earnings per share (EPS) for the holding …
Abu Dhabi – Mubasher: The UAE’s Modon Holding has teamed up with Elsewedy Industrial Development to build and operate a new industrial zone for the Ras El-Hekma city megaproject in Egypt, according to a press release. The two companies signed a …
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) entered into a strategic partnership with Alameda Group to develop premium-quality medical and healthcare services in several of the group's projects. Alameda will manage and …
Cairo – Mubasher: Orascom Construction recorded a consolidated backlog of $7.60 billion and a pro forma backlog including a 50% share in BESIX of $11.90 billion as of 31 December 2024. Revenues hit $3.25 billion in 2024, while the adjusted EBITDA …
Mubasher: The Abu Dhabi Fund for Development (ADFD) has launched the Sofitel Legend Pyramids Giza project in Egypt, with investments of AED 440 million ($120 million), Emirates News Agency (WAM) reported. The launch is a part of the fund’s efforts …
Cairo – Mubasher: Madinet Masr Housing and Development logged consolidated net profits after tax worth EGP 2.91 billion in 2024, an annual leap of 36.94% from EGP 2.12 billion. The real estate developer generated sales worth EGP 8.46 billion in …
Cairo – Mubasher: Palm Hills Developments Company registered 106% higher consolidated net profits after tax and minority interest at EGP 3.25 billion in 2024, compared to EGP 1.58 billion. Earnings per share (EPS) increased to EGP 1.12 last year …
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has teamed up with DAMAC Properties to introduce a home financing solution enabling UAE residents to secure financing for off-plan properties once construction reaches 35% completion. This makes …
Cairo – Mubasher: Emaar Misr for Development generated consolidated net profits after tax valued at EGP 15.40 billion in 2024, an annual hike from EGP 6.81 billion. Basic and diluted earnings per share (EPS) recorded EGP 3.31 last year, up from …
Cairo – Mubasher: Palm Hills Developments Company is set to establish a fully owned limited liability company in the Abu Dhabi Global Market (ADGM). The board members approved the plan during their meeting that was held on 25 February, according …
Cairo – Mubasher: Misr Italia Properties recorded gross contracted sales amounting to EGP 4 billion in January 2025, representing a 200% growth compared to the same month last year. Mohamed Khaled El-Assal, CEO and Managing Director of Misr …
Cairo – Mubasher: Six of October Development and Investment (SODIC) logged net profit after tax and non-controlling interests valued at EGP 2.53 billion in 2024, marking an 84% year-on-year (YoY) leap. The company sold 1,270 units sold last, …
Riyadh – Mubasher: The Real Estate General Authority (REGA) has partnered with the public as well as private sectors to develop the real estate sector in a way that boosts efficiency and transparency. REGA seeks to provide the best model for the …
