01 Sep 2014

Egypt's Palm Hills Q2 net profit down 8.3%

Egyptian real estate developer Palm Hills (PHDC) posted an 8.3 percent fall in second-quarter net profit, the firm said in a statement on Sunday.

It recorded a net profit of 84.7 million Egyptian pounds($11.85 million) in the three months ended June 30 compared with 92.4 million pounds"......

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05 Aug 2014

Danube Group Enters Real Estate by Launching Danube Properties with Dh500 Million Project

Danube Group, a Dh2 billion annual turnover conglomerate, announces its much-awaited foray in to the UAE’s real estate sector with the launch of Danube Properties – a wholly-owned subsidiary of the country’s biggest building materials supplier.


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03 Aug 2014

New confidence in real estate with increased stability: JLL

The improved political and economic stability in Egypt has created new confidence in the real estate market, said Aymen Samy, head of Jones Lang LaSalle (JLL) in Egypt.

In a report published 22 July, JLL evaluated the performance of Cairo’s real estate in the second quarter (Q2) of 2014.


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