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Real Estate
El Shams To Develop Gardenia Compound Project’s Final Phase With LE 300 M: CEO
El Shams Housing (ELSH) will inject EGP 300m investments throughout 2015 to develop the fourth and final phase…
Dubai’s Majid Al Futtaim rules out IPO, but plans Egypt, Saudi Expansion
Dubai-based conglomerate Majid Al Futtaim is not planning on listing in the market anytime soon, the CEO Alain…
Amer Group starts construction of Jordan’s Dead Sea Resort
Egypt-based real estate company Amer Group said on Thursday it had begun the construction of a 150 million dinar…
Laws Regulating Real Estate Sector Need More Clarity: Capstone’s Sherif Raafat
Egypt’s real estate sector has room yet for more clarity, according to Sherif Raafat, former head of Egypt’s…
Housing Ministry Requests Construction Companies Build 60,000 Residential Units
The Ministry of Housing, represented by the New Urban Communities Authority (NUCA), has requested that construction…
Dubai’s Arabtec Swings To Q4 Loss, Blames High Expenses
Dubai's largest construction firm, Arabtec, swung to a net loss of 94.4 million dirhams ($25.7 million) in the…
Rooya Group seeks Egypt Bourse Listing in Q4
Rooya Group, one of Egypt’s fast-growing real estate developers, is planning to float its shares on the country’s…
World Bank approves $500million-loan for Egypt Social Housing Scheme
World Bank Group has approved a five-year loan worth $500 million to finance Egypt's comprehensive social housing…
Egypt, Arabtec near Agreement on One Million Homes Project: govt
Egypt's housing ministry and Dubai's Arabtec have agreed some of the terms for a $40 billion project to build one…
Palm Hills, Aabar form Largest JV in Egypt-UAE History
Egypt’s Palm Hills Developments and UAE’s Aabar Investments announced Tuesday the formation of the largest Private…