The Dubai Real Estate Court recently issued a unique judgment, establishing the developer’s right to combine the stipulated compensation stated under the contract, along with loss of profits due to a decrease in the price stemming from the volatility of the real estate market. The Judgment The court decided that the purchaser is obliged to […]
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
TSFE and Tanweer Unite for Cosmic Village School Development
Under the legal guidance of ADSERO, The Sovereign Fund of Egypt (TSFE) has entered into a strategic partnership with Tanweer for Educational Services, marking a significant step in the development of the fifth school in
Banking & Finance
Egypt
Real Estate, Construction & Infrastructure
MBH: Hassan Allam secures USD 200M Afreximbank Facility
Matouk Bassiouny & Hennawy (‘MBH’) has provided legal counsel to Hassan Allam Construction and its affiliated entities within the Hassan Allam Group on a USD 200 million facility extended by the African Export-Import Bank (Afreximbank). This
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Baker McKenzie on Nuran Marina’s AED 133 mil Acquisition
Global legal powerhouse Baker McKenzie has successfully advised FIM Prime Marina Holding Ltd on the Sharia-compliant financing for its acquisition of the prestigious Nuran Marina serviced residences in Dubai Marina. The transaction, valued at AED 133
Education
Egypt
News
Real Estate, Construction & Infrastructure
Hafez & Partners on Inauguration of TSFE Cosmic Village Schools
The Sovereign Fund of Egypt (TSFE), a client of Hafez & Partners, celebrated a significant milestone with the inauguration of four schools in the first phase of the Cosmic Village land development. Hafez & Partners
Deal & transactions
Egypt
Energy & Trading
Real Estate, Construction & Infrastructure
Sodic and EME Collaborate on VYE Solar Project in Cairo
Sodic, an Egypt-based real estate developer, has joined forces with Electro-Mechanical for Energy (EME) solar company, to initiate the installation of 400 rooftop solar panels at VYE, Sodic’s mixed-use development in West Cairo. Overseeing
Egypt
Real Estate, Construction & Infrastructure
Egyptian Cabinet Tightens Rules for Foreign Real Estate Ownership
The Egyptian Cabinet has finalized drafting an amendment to law no.230/1996 regulating the ownership of real estate and lands by foreigners. The amendment will require foreigners to transfer the payment for real estate purchases to
News
Real Estate, Construction & Infrastructure
United Arab Emirates
Dubai’s Historic Hassyan Seawater Project Closes with AG Support
International law firm Addleshaw Goddard (‘AG’) has provided legal counsel to the Dubai Electricity and Water Authority (DEWA) in successfully achieving commercial close on the groundbreaking 180MIGD Hassyan Seawater Reverse Osmosis Project. This significant milestone
Deal & transactions
Other
Real Estate, Construction & Infrastructure
TMT
White & Case Advises Africa50 on East2West Fiber Optic Project
Global law firm White & Case has provided legal counsel to Africa50 in its partnership with Bayobab to advance Project East2West. This ambitious initiative aims to establish a terrestrial fiber optic cable network connecting
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
New Cairo’s Mostaqbal City Welcomes Mountain View’s “ALIVA”
Mountain View Real Estate Development and Investment Company Announces “ALIVA” Project in Mostaqbal City, NEW CAIRO Mountain View Real Estate Development and Investment Company has announced its latest and most ambitious project to date, “
