amwalalghad :: Real Estate

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AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        

Business - Real Estate

Kareem Saeed - 2012-06-24 11:30:28
Eng. Khaled Mahmoud, minister of housing assistant for technical affairs, said the ministry succeeded in marketing 2000 plots of lands in the project of "Bayeet Al Watan", which aims to market 7600 special plots of lands for expatriates. The number of those who registered on the ministry's website reached 7000 investors; aiming to achieve $ 2 billion, before the specified period for the project in August 31. He emphasized on the continuity of presenting, as it is an international project has no relation with the changes of the government, citing the ministry's commitment to implement the national housing project even erupting the revolution of Jan 25. He mentioned that he doesn't know the volume of the project's sales, because it is in the lists of Housing and Development Bank. Mahmoud elaborated that the project targets to achieve $ 2 billion sales so far, instead of $ 3,5 billion. This is due to decreasing the number of presented lands from 8000 to 7600 plots. He expected expanding the period of presenting lands, because of the state of alertness that all the investors have amid the current political turmoil. The space of the projects' plots range from 700 to 800 meters in special regions of the new cities; New cairo, Al Sheikh Zayed, Badr, New Demietta and New Menia, with prices start from $ 200 to 675 per meter. More»
Maha Essam - 2012-06-23 12:57:03
New Urban Community Authority, subordinated to the ministry of housing, called on the real estate companies to send their suggestions over amending the real estate regulation; aiming at involving all the dealers with the authority in paraphrasing the regulation. Maj. Gen. Kamal El-Din Hussein, Senior Deputy to the authority, said it is not necessary to rapidly paraphrase the regulation; as it is not regularly amended. On the other hand, Hussein elaborated that there is an available plan the authority is studying now. The study is about connecting the new city with the new transportation means, the ground is the most import which will go to Oct. 6 City, and the another one will go to New Cairo city. He mentioned that delaying the discussion of the budget between the authority and housing ministry, due to the dissolution of the Lower House of Parliament, doesn’t worry the authority; particularly it is subordinated to the state. He added that finishing the units of “Ebne Baytek” (Build your House) project will be finished within 2 months. Hussein said working in the project in Oct. 6 city is continuing pursuant to the settled plan. The seventh district will be finished next July. More»
Amwal Al Ghad - 2012-06-20 12:41:01
The New Urban Communities Authority warned of dealing or selling the agricultural lands in the new Damietta apparatus; explaining that some people set aside some agricultural lands and build on them. The authority in its statement said some people had sold lately some agricultural lands by violating the cabinet’s decision no. 546/1980 of constructing a port and the new Damietta city, and others set aside the state’s lands.  In order to protest and save the citizens’ money and interests and to avoid facing legal problems, the authority assured that it is the only authority which has control on the lands of the decision. More»
Islam Salah - 2012-06-20 11:43:30
Amer Group Holding (AMER.CA) has completed all the necessary procedures regarding licenses and layouts for its new project – Porto Matrouh in which the costs range between EGP 180 million and EGP 200 million. Riad Refaat, Investor Relations Director, said Amer Group has started the implementation of Porto Matrouh project which is made on a land of 839 thousand meters as the company has completed most of the layouts and licenses. “Porto Matrouh is one of Amer Group’s series of projects planned to carry out within this year. The outcome is to be flourished within the coming years.” Refaat added More»
Amwal Al Ghad - 2012-06-20 09:20:06
Nakheel Properties, the Dubai developer bailed out by the government in 2009, will start selling 500 sq ft studio apartments on the Palm Jumeirah, its second residential project since the real estate market crashed in 2008, arabianbusiness quoted chairman. Palm Views East and West, which will feature 192 pied-à-terre style studios priced at AED1m (US$272,250), went on sale Sunday, said Ali Rashid Lootah. “It is targeted at the young and trendy population of Dubai. We have seen there is demand for young people who want to be living on the Palm [Jumeirah] and sharing accommodation so we are bringing a unique product that brings privacy for….those that want to live on the Palm,” he told reporters at a press conference Sunday. More»
Amwal Al Ghad - 2012-06-20 08:42:43
Debt-ridden Dubai developer Nakheel has drained all six swimming pools at its prestigious Marina Residences towers on the Palm Jumeirah in the latest escalation of its service fees row. The pools are understood to have been drained in the last week with Nakheel said to be claiming it is owed AED15m (US$4.1m) in service charges from property owners. Most of those affected by the move are tenants, who are not responsible for paying service charges. There is also speculation that Nakheel will shut down the development’s other facilities including gyms and lifts, if the monies are not recouped. More»
Amwal Al Ghad - 2012-06-19 08:22:53
A 919-square feet apartment in Dubai Marina's Al Sahab Tower 1 fetched 45 per cent higher than the bid price at Monday's public auction at the Dubai Land Department , 'Emirates24|7' can reveal. The apartment, leased for Dh85,000 per year, was sold for Dh1.02 million against a reserve price was Dh700,000. The second apartment that was sold was a 1381.6 square feet, non-leased apartment, in Amwaj Tower 4 in Dubai Marina, for Dh1.37million, nearly 20 per cent more than the bid price of Dh1.15 million. Two apartments in Baher Tower 1 and Zain Tower, respectively, in Dubai Marina, remained unsold.according to zawya. More»
Amwal Al Ghad - 2012-06-19 08:19:59
Emboldened by the success of its Panorama project in the Greens area, Emaar Properties is poised to announce its second development this year - a townhouse project in upscale Arabian Ranches community, Emirates 24|7 has learnt. The project will have two and three-bed townhouses, with the likelihood of the current owners of Arabian Ranches being given the first option to buy these properties, market sources said. Emaar had not yet responded to questions at the time of publication of this article. Data from reveals that the average price of townhouses in Al Reem cluster is Dh2.28 million with average price per square feet being Dh807, while the average price for Alma Townhouses is Dh2.59 million and per square feet is Dh935. More»
Amwal Al Ghad - 2012-06-16 14:18:43
Al Mazaya CEO, Eng Nayef Al Awadi, announced that one of the most prominent achievements in 2011 was Mazaya's settlement with Tamweel which have enhanced cash generated from sales in the Villa residential project. He added that agreements were signed with contractors to reduce value of contracts and financial obligations. The company has, also, finalized settlements with 5000 clients. The announceent was made during Al Mazaya Holding regular general assembly meeting for 2011 at Clover Centre at Al Mazaya Tower in Al Jabriyah, which was held with a presence rate of 78.8%. The meeting was opened by Mr Rashid Yaqoub Al Nafisi, Chairman of Al Mazaya Holding in presence of Eng. Naif Al Awadi, CEO of the company, representative of the Ministry of Commerce and Industry, representative of Audit firm, boards members Mr Fahed Al Ibrahim, Vice Chairman, Mr Abdul Aziz Al Lougani, Mr Mohammed Al Atiqi and Mr Mohammed Al Othman, in addition to executive directors of the company and a number shareholders, investors, and media representatives. More»
Amwal Al Ghad - 2012-06-16 14:06:47
Oman's Public Authority for Electricity and Water (PAEW) has awarded UK-based construction firm Driver Group two contracts worth £2.2m ($3.4m). The first contract will see the firm provide consultancy and project management services to PAEW over the next five years. Under the terms of the second contract, Driver will provide project management services for the 21-month road works between Al Hadshah and Al Hamra. The deals follow a six-month contract with Oman's government to help in the development of Muscat International and Salalah airports in April. More»