The Housing and Urban Communities Ministry will hold tomorrow an expanded conference in order to discuss everything related to developing Suez Canal Axis establishment project. It is scheduled for the Ministerial Committee to offer their perceptions through it as well as the proposed draft law for the establishment of Suez Canal Development Authority. The conference will comprise a large number of experts and specialists in this project to bring their visions and ideas so as to reach a road map for the project’s executive steps ,achieve the highest benefit and will make a popular hinterland project along with protect ,support and push the implementation of this national project as well as the supervision of the implementation phases. Dr. Tarek Wafiq, Egypt’s Housing and Urban Communities Minister, said Developing of Suez Canal Axis Project is the dreaming of Egypt and all Egyptians, it is the future project for new Egypt thus it won’t be accounted by other party or it won’t be monopolized by any opinion, the Ministerial Committee will continue to coordinate with everyone for the project’s success. Moreover, the Minster has asserted that the draft law which has finalized is currently exist by Cabinet, it won’t be sent to Shura Council, many various ministries and sovereign authorities and a number of experts law have participated  in the project. More»

Egypt government will be resolving its long-running disputes with the largest private developer of luxury real estate in the Middle East Damac Properties within days, said the country’s housing minister on Sunday. Tarek Wafiq, Egypt's Minister of Housing and Urban Communities, announced that his ministry has signed an agreement with UAE-based Damac so as to end the disputes with one of the most prominent real estate developers. Damac’s settlement file is now being reviewed by the Egyptian cabinet, he added. Exclusive to ‘Amwal Al Ghad’,  the minister further noted that the cabinet is expected to sign the agreement to end disputes with Damac within days. He explained that it comes after both parties had agreed on all the terms of the settlement agreement, refuting the presence of having political confrontations that would hinder the settlement process. Meanwhile, Dr. Hani Sarie Eldin, the former Chairman of the Egyptian Capital Market Authority (ECMA), stressed that the Egyptian government has to hasten the settlement process with investors, noting that investments in the country as well as multiple projects were disrupted by the unsettled disputes with businessmen and firms. More»

Emirates Heights announced today the unveiling of its not to miss ‘Summer of Surprises’, including a full calendar of exciting activities as the company continues to witness strong sales from buyers wishing to be part of an exceptional community.   The company’s highly anticipated summer plans highlight Emirates Heights’ ongoing dedication of providing current and future home owners distinctive services and experiences while remaining committed to timely unit delivery. Emirates Heights’ ‘Summer of Surprises’ includes the soft opening of its new full service luxury beach resort, The Capital Beach, which is sure to become the ultimate summer destination for fun and relaxation.  The secluded white sand beach resort offers guests private cabanas, water sports activities, and outstanding personalized assistance such as concierge services to cater to visitors’ every whim.  To refresh and restore your well being, The Capital Beach provides an onsite spa offering a range of European treatments as well as a state of the art fitness center.  Unique on site pet facilities will also be on hand to pamper your furry friends. More»

Dr. Tarek Wafiq, Egypt’s Housing and Urban Communities Minister and Dr. Ali Abdel Rahman, Giza Governor, are opening Today Ahmed Orabi new axis in Mohandessin district which is considered to be one of the most important axes which has been implemented by Central Agency for Reconstruction with cost EGP 500 million. It is worth mentioning that the axis’s project will contribute to link Agouza and Mohandessin areas with Dairy Cairo in a few minutes through Imbaba Airport Land and it will ease traffic and especially within Arab League street which located in the central of Mohandessin district. More»

DAMAC Properties, a privately held developer, said on Sunday it would work with American real-estate mogul Donald Trump to build a new golf course in Dubai, adding to a growing list of project announcements in the emirate. Developers in Dubai are reviving stalled projects and announcing new ones as the emirate's property market recovers gradually after prices tumbled by 50 percent in 2008. The Trump International Golf Club Dubai will be at the centre of DAMAC's 28 million square foot development called 'Akoya by DAMAC', it said. Construction is already underway and the course will be ready next year. DAMAC said it will be the owner and developer of the property and will use the "Trump" name under the terms of a management agreement. Donald Trump cancelled a previous foray into Dubai's real estate market, a project to build an international hotel tower on Dubai's Palm Jumeirah, after the emirate's property downturn. DAMAC, formed in 2002, has completed 37 buildings and has another 66 buildings under construction across the Middle East and North Africa region. Sources told Reuters in April that the developer had submitted requests to leading international banks for a possible listing of its shares. More»

Dubai-based Deyaar Development (Deyaar), a leading real estate developer and real estate services company, has registered a strong performance that has translated into an operating profit of AED 25 million. The achievement is the result of Deyaar achieving a gross profit of AED 49 million for first quarter of 2013. Deyaar has achieved an increase in consolidated net profit in the first quarter of 2013 to AED 19.4 million from AED 9.4 million in the prior-year period. Deyaar registered consolidated revenues of AED 204 million in the first quarter of 2013, up 36 per cent from AED 150 million in the prior-year period. Deyaar’s total shareholders’ equity stood at AED 3.9 billion with total assets at AED 6.4 billion. Deyaar’s performance comes on the back of improving real estate market conditions in Dubai and sets the tone for furthering the company’s aspirations through the rest of the year. More»

Chairman of Emaar Properties Mohamed Alabbar hinted at building another skyscraper taller than Burj Khalifa and said his company will continue to launch new projects on a regular basis.  Alabbar made these comments during a plenary session titled ‘Breaking Barriers and Connecting Business’ at the Africa Global Business Forum on Wednesday.  “We may try to build something a little taller,” he said while referring to 828-metre Burj Khalifa built by Emaar Properties (EMAAR) in 2010.  “The emirate needs another tall building. Dubai is only about 30-year old, so we have a lot of time and lot of investment left,” Alabbar told journalists at a conference. More»

Civil Protection forces have managed to control the fire broke out in Al-Zahoor compound residential area in Kom Ombo Aswan without incurring deaths.  Brigade Hassan Abdel Al-Hai - director of security Aswan - has received notification of the incident from  the General Administration of Civil Protection outbreak of fire in a house area in Aswan, and immediately moved forces, civil protection found flames spreading into homes nearby. Therefore, the protection forces have successively controlled the fire preventing it from moving to the neighboring houses.   The initial inspection showed that the fire broke out from a shop to sell scooters, The fire did not result in any deaths, the fire destroyed the furniture inside the houses and the preview suggested the initial outbreak of fire as a result of a short circuit. More»

Nakheel is participating in Careers UAE 2013 from the 30th of April till the 2nd of May at World Trade Centre, Hall No. 6. Careers UAE provides a unique opportunity for all applicants to get in touch with Nakheel recruitment team and discuss the various positions available. Whereby, a number of available positions are presented for fresh graduates and UAE nationals. The openings available are under different fields such as, engineering, retail, customer services, community management, and project development. The applicants have the opportunity to apply directly on stand or register online through iCareer under Nakheel website. The successful applicants can be asked for interviews on stand during the period of Carees UAE. More»

DAMAC Properties , the largest private developer of luxury real estate in the Middle East, announces the launch of "Akoya by DAMAC", a 28-million-square-feet master development off Umm Sequim Road in Dubai. "Akoya by DAMAC" will be the most luxurious Golf community in Asia, with premium branded mansions, villas, townhouses and luxurious apartment units. The project will include an 18-hole PGA Championship Golf Course at the heart of the development, in addition to a sumptuous spa, boutique hotels and international schools from kindergarten to secondary level. The fully-integrated community will also include globally-recognized retail brands, leisure and entertainment offerings, a sports complex and beautifully manicured landscaping throughout. "Akoya by DAMAC", which takes its name from one of the most exclusive pearls in the world, will create a thriving living environment aimed at meeting the demand of those living and working in Dubai and the region, as well as those holidaying there. More»