Tuesday 28 June 2016
 
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Housing

Dubai Investments to manage DIP housing project

Dubai Investments, a leading diversified investments conglomerate listed on the Dubai Financial Market, has signed an agreement to manage and market the 'The Palisades' project within Dubai Investments Park (DIP). The Pali

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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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Saudi government working on $16bn housing plan

The Saudi government is working on an ambitious plan to provide housing to 52 per cent of its citizens under the National Transformation Programme 2020 (NTP) within the next four years, said a report. The ministry has set aside SR

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Aabar to build 6,000 housing units in Abu Dhabi

Aabar Properties, a subsidiary of International Petroleum Investment Company (Ipic), is constructing 6,000 units across Abu Dhabi, UAE, said a report. Of these, some have been completed, while others are in various stages of const

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Saudi to provide housing to 100,000 low-income families

Saudi Arabia's government will provide housing for 100,000 low-income families over the next year as part of a reform programme designed to strengthen the economy and reduce its dependence on oil, the Housing Ministry said on Sunday.

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Dubai Properties releases Arabella 2 housing units

Dubai Properties (DP), a leading real estate master developer and asset manager of renowned destinations across the emirate, released the additional units of Arabella 2 at the ongoing International Property Show (IPS) in Dubai, UAE.

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Cairo housing thrives on booming youth population

Despite the ongoing economic challenges across the globe, the residential sector in Cairo, Egypt, continues to thrive, underpinned by a young population base, said a report. The composition of Egypt’s population continues to

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Egypt to hand over 1,560 new homes

A total of 1,560 new residential units have been constructed in the New Tiba city in Egypt and are due for handover to the beneficiaries, said a report. Another set of housing units, totalling 5,352, are being built in the city, r

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Hanwha, Daewoo win $20bn Saudi residential project

A consortium including Korean group Hanwha Engineering & Construction has won a $20-billion project to build 100,000 homes in Saudi Arabia, said a report. The housing development plan will mark the largest ever project that a

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Egyptian developer MNHD posts $31m profit

Madinet Nasr for Housing and Development (MNHD), one of the oldest and largest companies in Egypt, said its net profit for 2015 soared to E£240 million ($30.6 million) from E£213 million ($27 million) the year earlier.

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