Egypt - Dubleuse, a leading real estate development firm, has proudly announced the sell-out of the first phase of its latest venture, District People. This project, which is a blend of commercial and administrative spaces, is strategically situated in New Cairo’s premier administrative district.   Spanning an area of 5,000 sqm, District People is on track for completion within a three-year timeframe from the onset of construction, boasting total investments of approximately EGP 1.5 billion. This marks a significant milestone in Dubleuse’s ambitious expansion strategy across its diverse project portfolio.   Moaz Mohamed Wissam Al-Din, the esteemed Chairperson of Dubleuse, remarked, “With a total built-up area of around 20,000 sqm, our company is set to…

Egypt - Mazaya Developments has unveiled its fourth venture in the MU23 zone of the New Administrative Capital (NAC), marking an investment milestone of EGP 5bn.   Mohamed Allam, Chairperson of Mazaya Developments, highlighted the strategic location of MU23, noting its early development and proximity to key transportation hubs, including the monorail, electric train, and central bus stations, as well as direct access from Suez Road.   The new project boasts a modest built-up area, occupying only 30% of the total land, with buildings spanning 106 sqm in width.   Mohamed Mostafa, CEO of Mazaya Developments, detailed the mixed-use nature of the building, which encompasses commercial, administrative, and medical facilities. The structure features a ground floor, nine…

Madinet Masr Housing and Development has launched the Sheya project in Sarai, its mega mixed-use development. Located on 228,212 sqm near the New Administrative Capital, Sheya includes 744 mixed-use residential units, comprising 420 S-Villas and 324 apartments, studios, and duplexes, according to a press release. Additionally, the project boasts a clubhouse, water lagoons, and green landscape areas. Abdallah Sallam, President and CEO of Madinet Masr, said: “At Madinet Masr, we follow an ambitious strategy to develop our land portfolio that encompasses over 9 million sqm through providing innovative projects, integrated and diverse real estate concepts that meet the needs of the customers.” Mohamed Lashien, Senior Vice President of Products at Madinet Masr, stated:…

Egypt - Madinet Masr (stock code MASR.CA), one of Egypt’s leading urban community developers, announced the launch of “Sheya”, the latest project in the company’s flagship project “Sarai”, spanning an area of 228,212 sqm and strategically located near the New Administrative Capital. The project is distinguished by its unique designs and variety of services in order to meet the needs and aspirations of Madinet Masr’s clients. This launch comes in line with the company’s growing performance and expansion plan as well as achieving record-breaking sales in 2023. “Sheya” offers a total of 744 mix residential units, including 420 S-Villas and 324 mix of apartments, studios and duplex. The project boasts a wide range of unique…

Arab Developers Holding is targeting contracted sales amounting to EGP 7 billion in 2024. The company plans to deliver 2,000 housing units in all of its development projects during this year, according to a bourse disclosure. In 2023, the EGX-listed firm shifted to consolidated net profits valued at EGP 100 million, against net losses worth EGP 18 million a year earlier. As for the standalone business, the net profit dropped year-on-year (YoY) to EGP 87.32 million in the January-December 2023 period from EGP 92.87 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (Syndigate.info).

Egypt - The Arabian Kuwaiti Group is set to bolster its presence in the Egyptian market with a significant increase in investments, targeting the attraction of over 100,000 tourists annually to its flourishing tourism ventures. Previously, the group strategically acquired a $20m hotel in Sharm El Sheikh, which is undergoing development to emerge as a top-tier luxury hotel brand. Moreover, the group is poised to establish a vibrant commercial district poised to become a key draw in Sharm El Sheikh’s prime locales. Ongoing negotiations for acquiring additional hotels in the region are underway, aiming to solidify the group’s influence in Egypt’s tourism industry. In the realm of agriculture, the Arabian Kuwaiti Group has successfully reclaimed 800 feddan in Al-Ayat,…

Egypt - The Arabian Kuwaiti Group is set to bolster its presence in the Egyptian market with a significant increase in investments, targeting the attraction of over 100,000 tourists annually to its flourishing tourism ventures.   Previously, the group strategically acquired a $20m hotel in Sharm El Sheikh, which is undergoing development to emerge as a top-tier luxury hotel brand.   Moreover, the group is poised to establish a vibrant commercial district poised to become a key draw in Sharm El Sheikh’s prime locales. Ongoing negotiations for acquiring additional hotels in the region are underway, aiming to solidify the group’s influence in Egypt’s tourism industry.   In the realm of agriculture, the Arabian Kuwaiti Group has successfully reclaimed…

Cairo – The Urban Communities Authority (NUCA) has received technical and financial proposals from Hyde Park, Madinet Masr Housing and Development, and Mountain View to participate in the New Heliopolis City project. Heliopolis Company for Housing and Development announced the completion of the technical evaluation of the proposals and that the financial evaluation is expected to be concluded by the end of April 2024. The value of New Heliopolis City’s land exceeds EGP 10 billion. In March 2024, Heliopolis Company received a technical and financial offer from Madinet Masr for the development of three plots of land in New Heliopolis City. Heliopolis Company’s net profit registered EGP 7.80 billion in 2023, a surge from EGP 603 million a year earlier.

Cairo – The Urban Communities Authority (NUCA) has received technical and financial proposals from Hyde Park, Madinet Masr Housing and Development, and Mountain View to participate in the New Heliopolis City project.   Heliopolis Company for Housing and Development announced the completion of the technical evaluation of the proposals and that the financial evaluation is expected to be concluded by the end of April 2024.   The value of New Heliopolis City’s land exceeds EGP 10 billion.   In March 2024, Heliopolis Company received a technical and financial offer from Madinet Masr for the development of three plots of land in New Heliopolis City.   Heliopolis Company’s net profit registered EGP 7.80 billion in 2023, a surge from EGP 603 million a…

Egypt - Al Ahly Sabbour Developments, a premier real estate developer in Egypt, has unveiled its bold business plan for the year, which entails the addition of approximately 2,000 new feddan by year’s end, as stated by Chairperson Ahmed Sabbour. Sabbour conveyed to Daily News Egypt the company’s robust expansion strategy, which has already seen a 36% increase in land assets in this year’s first quarter, amounting to 1,045 feddan. This growth includes 181 feddan in Mostakbal City’s initial phase, solidifying Al Ahly Sabbour’s role as a leading developer in the region. Moreover, the acquisition of 864 feddan in Ras Al Hekma on the North Coast bolsters the company’s footprint in this coveted area, complementing its North Coast endeavors. These projects…

Arab Contractors and El Attal Holding, two of Egypt’s leading real estate developers, have formed strategic partnership agreements to advance a range of property projects across the country. El Attal Holding’s chairman, Ahmed El Attal, highlighted the importance of this partnership by referencing the company’s distinguished past and extensive knowledge base, which encompasses over 76 years in the Egyptian real estate industry. Ahmed El Assar, Chairperson and CEO of Arab Contractors, remarked: “This partnership marks a pivotal evolution in our trajectory, marrying the seasoned experience, technical prowess, and strategic foresight of both parties.” “We are thrilled to delve into the myriad prospects this alliance presents,” El Assar…

Egypt - Prime Hospitality Management Group, a leader in managing serviced apartments and holiday homes, has entered into a partnership with Sharm El Sheikh Real Estate to oversee properties owned by investors at the Sharm el Sheikh resort in South Sinai.   As the first and largest entity of its kind in Egypt—and now extending services to Saudi Arabia—Prime Hospitality Management Group offers an innovative alternative for tourists, foreign residents, Arabs, and Egyptians. They provide a new style of accommodation that includes serviced apartments, villas, and holiday homes, which are gaining popularity in the Egyptian tourism sector.   The Group’s services are proliferating across Egypt’s most significant locations, resorts, and cities, with a growing…