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Real Estate

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29 September 04:32 PM Madinet Masr fuels expansion plans via $5m investments
Cairo – Mubasher: Madinet Masr Housing and Development announced plans to establish real estate development projects outside Egypt, according to a bourse disclosure. The group’s board approved injecting investments of nearly $5 million to boost …
Real estate
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29 September 03:09 PM ONE Development enters Egyptian market to expand regional expansion
Cairo - Mubasher: UAE-based ONE Development has officially entered Egypt's real estate market with the launch of DO New Cairo, according to a press release. In partnership with global music icon Amr Diab, the flagship hospitality project’s …
Global Economy
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29 September 01:17 PM The Marq boosts Egypt’s development projects with EGP 4bn investment
Cairo - Mubasher: The Marq is accelerating construction and delivery across its residential communities, backed by an additional EGP 4 billion investment, bringing its total investment in 2025 to EGP 12 billion. The company aims to deliver over …
Companies Investments
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29 June 04:00 AM Sakan Developments launches EGP 4.8bn Park-U project in El Shorouk City
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
Real estate
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29 June 04:00 AM Madinet Masr’s investment platform SAFE attracts EGP 300m since launch
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
Companies Investments
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23 June 04:00 AM Paragon Developments launches office in Riyadh to expand regional footprint across MENA
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
Real estate
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15 June 05:21 PM Madinet Masr, Waheej mull developing JV in Saudi Arabia
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 …
Real estate
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11 June 12:51 PM TMG Holding eyes EGP 120bn sales from Sharm Bay project
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 …
Companies Investments
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3 June 09:48 AM FABMISR arranges EGP 4.2bn loan for Redcon Properties
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 …
Companies Investments
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20 May 10:11 AM TMG Holding boosts regional expansion via development deal with Oman
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 …
Companies Investments
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23 April 07:52 PM Global group Hilton pens 2 development deals in Egypt
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 …
Global Economy
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15 April 06:45 PM Majid Al Futtaim launches EGP 15bn project in West Cairo
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 …
Real estate
UAE Ministry of Finance
11 April 01:53 AM UAE Cabinet issues decision on non-residence’s nexus linked to corporate tax law
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 …
Real estate
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10 April 07:31 AM Palm Hills’ subsidiary to secure EGP 1.3bn loan from Banque Misr
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 …
Companies Investments
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6 April 01:18 PM Pioneers Properties generates higher consolidated profits at EGP 1.2bn in 2024
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 …
Financial Results
Ras El-Hekma
1 April 06:09 PM Modon collaborates with Elsewedy Industrial Development for Egypt’s Ras El-Hekma
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 …
Global Economy
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27 March 11:06 AM TMG Holding, Alameda Group partner for EGP 5bn hospital in Madinaty
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 …
Real estate
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26 March 06:18 PM Orascom Construction logs $7.6bn backlog in 2024
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 …
Financial Results
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16 March 10:33 AM ADFD rolls out AED 440m Sofitel project in Egypt
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 …
Companies Investments
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11 March 12:11 PM Madinet Masr reports higher consolidated profits at EGP 2.9bn in 2024
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 …
Financial Results
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9 March 10:49 AM Palm Hills unveils EGP 3.2bn consolidated profits in 2024, regional expansion plans
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 …
Global Economy
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4 March 06:21 PM DAMAC Properties joins ADIB to facilitate home ownership for UAE residents
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 …
Real estate
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2 March 10:50 AM Emaar Misr records EGP 15.4bn consolidated profits in 2024
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 …
Financial Results
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27 February 08:14 AM Palm Hills to develop wholly owned firm in UAE
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 …
Companies Investments