Friday 9 December 2016
 
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residential units

Egypt on track to complete 7,690 residential units

The Egyptian government is all set to complete work on 7,690 social housing units in Beheira governorate in the Nile Delta, said a report. These projects include a number of housing units and projects of drinking water, sewage, an

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Maalem to deliver Egyptian housing projects in 2017

Egypt-based Maalem Group for real estate development is set to hand over a range of residential projects by the beginning of next year, said a report. The projects include 12 residential towers in New Cairo, three of which would b

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Egypt in deal to develop 370 new residential units

The Egyptian government has signed a co-operation protocol to develop 370 homes in the Minya and Sohag region at an estimated cost of E£20 million ($2.2 million), said a report. It is part of a development project for famili

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Kinan unveils new residential units at Jeddah

Saudi-based Kinan for Real Estate Development has launched its new residential units at Masharef Hills, a major villa project to be developed on a one million sq m area in the North of Jeddah city. These novel units create a new k

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Egypt’s Ashgar City to start deliveries in Q2

Egypt’s Ashgar City, a gated residential compound located in 6th of October City, will start handing out units from the first phase of the development in the second quarter of the current fiscal year, a report said. A third

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Abu Dhabi to see 10pc surge in new homes

Around 22,000 residential units are expected to be delivered in Abu Dhabi this year, marking a 10 per cent increase year-on-year, bringing the total number of units in the emirate to 240,000, a report said. Delivery of office and

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Saudi mulls hiking prices of residential units

Saudi Arabia’s real estate sector is considering raising the prices of residential units in the light of soaring labour costs, a report said. Depending on location and area of the unit, prices start at SR900,000 ($240,000),

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Sorouh unveils new 'Rent to Own' offer

Abu Dhabi developer Sorouh has announced a innovative plan for its key Sun Tower project in Al Reem Island under which the tenants will have the right to own apartments after three years of leasing and convert 90 per cent of the rent pai

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DPG plans new city for skilled workers

Dubai Properties Group (DPG), a member of Dubai Holding, has announced the launch of Nuzul, a dedicated community for skilled labour focused on providing an enhanced lifestyle to the emirate’s labour workforce. The developers behind Jumeir

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Gulf property outlook remains negative

The outlook for the real estate market in the Gulf region is negative as oversupply and funding issues weigh on the sector, ratings agency Moody's said on Monday. "The supply-demand imbalance in commercial property and to some degree in re

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