Dubai-based leading real estate developer Nakheel today closed land sales worth more than Dh419 million ($114 million) in its Palm Jumeirah and Jumeirah Village Circle developments.
On The Palm, the company sold a 72,000 sq ft res
An Egyptian court on Tuesday cleared the chairman of real estate developer Palm Hills and the former housing minister Ahmed el-Maghrabi of corruption charges in a state land sale.
Palm Hills, Egypt's second-biggest listed developer,
Dubai-based developer Damac Properties has rejected an Egyptian court’s judgement regarding the company’s purchase of lands in the Red Sea resort area stating there was no evidence of wrongdoing.
Hussain Sajwani, chairman of Damac Properti
Real estate firm Egyptian Resorts said the tourism development authority had retracted its approval for selling a land plot allocated for the firm's Sahl Hasheesh resort on the Red Sea.
Egyptian Resorts said it would send a complaint to th