Egypt: Madinet Masr launches Talala project with $1.8bln investments
The launch aligns with the company's expansion strategy to meet its customers' evolving needs and improve living standards by offering a high-quality living experience.
Meanwhile, the development scheme is expected to achieve an estimated sales value of EGP 202 billion. This supports Madinet Masr's commitment to boosting the Egyptian economy by establishing sustainable and integrated communities with added value.
Located in the heart of New Heliopolis City, the project spans two land plots covering a combined area of 491.41 feddans, divided into two phases.
The first phase of the project has 4,174 fully finished units, including standalone villas with areas ranging from 180 square meters to 287 square meters.
Townhouses of 175 square meters and double-loaded townhouses of approximately 170 square meters are also included. This is in addition to S-Villa units ranging from 215 to 245 square meters, and residential apartments ranging from 35 to 170 square meters.
The delivery of the units is expected to take place within four and five years.
Abdallah Sallam, President and CEO of Madinet Masr, stated: "Talala is a new step in our journey towards creating a positive and sustainable impact, contributing to strengthening our position in the Egyptian real estate development sector and reaffirming our ambitious plan based on innovation, calculated expansion, and continued development of the Egyptian real estate market."
© 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
15 minutes ago
- Zawya
Imtiaz Developments appoints Otis for 41 projects in Dubailand and Dubai Islands
Dubai, UAE – Imtiaz Developments, a Dubai-based developer, has officially appointed Otis, the world's leading elevator and escalator manufacturing, installation and service company, across its 41 residential and mixed-use projects located in Dubailand and Dubai Islands. This strategic collaboration brings together two pioneers to deliver premium quality, efficiency, and innovation across all touchpoints of the Imtiaz resident experience, enhancing the long-term sustainability and value of the developer's portfolio. Masih Imtiaz, CEO of Imtiaz Developments, commented: 'After a comprehensive evaluation process, we selected Otis as the trusted partner for vertical transportation across our projects. We are confident that integrating Otis systems will elevate the quality and reliability of our developments, delivering long-term value for our investors and enhancing the living experience for our residents. With customer satisfaction at the core of this collaboration, we are not just building spaces — we are shaping the future of real estate in the UAE and beyond.' The selected projects encompass a mix of residential buildings, waterfront developments, and urban community complexes. Otis will deploy advanced vertical transport technologies tailored to each project's specifications, focusing on performance, energy efficiency, and long-term service reliability. Recognised globally for powering mobility in some of the world's most iconic skyscrapers, busiest transport hubs, and premier retail centres, Otis represents the gold standard in vertical transportation. The decision to appoint such a world-class partner reinforces Imtiaz Developments' commitment to quality, innovation, and delivering elevated living experiences to its residents. This release has been issued by the Media Office of Imtiaz Developments.
Zawya
15 minutes ago
- Zawya
Visa cardholders get first shot at applying for FIFA World Cup 26 tickets
Cairo, Egypt – It's official: the road to the FIFA World Cup 26™ starts with Visa. As the Official Payment Technology Partner of FIFA and a global leader in digital payments, Visa cardholders with a Visa Debit, Credit or reloadable Visa prepaid cards globally will receive exclusive early access to apply for tickets to the most anticipated sporting event in the world. The first-ever Visa Presale Draw was announced at the Visa Payments Vault in Washington, D.C., where government officials from Canada, Mexico and the United States gathered to celebrate trilateral collaboration and the unifying power of sport at the Visa FIFA World Cup 26™ Reception. 'The FIFA World Cup 26™ is a moment of pride and possibility for our region. From Pakistan, where the official match ball is being crafted with world-class precision, to Jordan, celebrating its historic first qualification, the North Africa, Levant & Pakistan region is deeply woven into the fabric of this tournament. At Visa, we're not just connecting fans to football — we're empowering communities, entrepreneurs, and small businesses to thrive on the global stage. This is our time to shine,' commented Leila Serhan, Senior Vice President and Group Country Manager for North Africa, Levant and Pakistan at Visa. Empowering Fans From September 10-19, fans with a Visa card, including Visa Credit, Visa Debit and reloadable Visa prepaid cards, can apply to enter the Visa Presale Draw – a randomized selection process that gives selected entrants the chance to purchase tickets before general ticket sales open. Interested cardholders will need a FIFA ID to participate in the Visa Presale Draw and are encouraged to visit today to create their ID, if they don't already have one. Those chosen to purchase tickets through the Visa Presale Draw will be notified by email starting no earlier than September 30 and given a dedicated time slot in October to purchase available tickets on a first come, first served basis. As the official payment method for FIFA ticketing, Visa will be the exclusive payment method accepted during the presale purchase window. Learn more about the Visa Presale Draw here. 'Excitement for the FIFA World Cup 26 is building fast, and 10 September is a date every football fan should have marked in their calendar,' said FIFA Chief Business Officer Romy Gai. 'We're delighted to once again partner with Visa to give fans the very first opportunity to apply for a place at the greatest show on earth. A ticket to the FIFA World Cup™ isn't just a ticket—it's a gateway to the most inclusive and spectacular tournament in our history. Everyone will want to be part of this moment, so make sure you've created your FIFA ID and have your Visa card ready.' Uplifting Communities and Small Businesses As Visa cardholders from around the world apply to secure exclusive ticket access for the FIFA World Cup 2026TM, Visa also wants to help businesses get ready to make the most of the moment. By sharing trends and expertise, Visa will help empower local businesses, especially in host cities – from street vendors in Mexico City to boutiques in Kansas City, or a local bakery in Vancouver– so they can capitalize on World Cup tourism and turn tournament fanfare into lasting economic growth. More details on these programs will be shared as the match draw approaches. A Tournament Like No Other The FIFA World Cup 2026™ promises to be record-breaking: 48 teams, 104 matches over 39 days in 16 iconic host cities and will be the first ever tri-country hosted games across North America. With nearly 20 years of partnership with FIFA, Visa and FIFA continue to innovate and expand access for fans, business owners and communities alike. About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Media Contact Allee McDermott amcdermo@
Khaleej Times
15 minutes ago
- Khaleej Times
Dubai-listed Amanat Holding sells school real estate asset for Dh435 million
A leading healthcare and education listed investment company on Monday said it has sold real estate assets of North London Collegiate School for Dh435 million. The Dubai-listed company Amanat Holding said that it sold the asset to an undisclosed third-party buyer who shall bear the value-added tax (VAT) and Dubai Land Department (DLD) fee. It expects the transfer of the property and receipt of funds will take place in the third quarter of 2025. Amanat Holding expects the sale to generate a gain for the company. 'The sale is in line with the company's strategic objective to create shareholder value and focus on core investments," it said in a statement, adding that the focus is on healthcare and education. As the population of Dubai continues to grow exponentially, demand is growing for real estate assets related to education. 'Amanat remains focused on delivering value to shareholders, continuing with our monetisation plan for education,' Dr. Shamsheer Vayalil, chairman, Amanat, said after the first quarter results. Amanat Holdings' revenues in the first quarter of 2025 grew by 13 per cent year-on-year to Dh240.7 million, driven by strong performance at education, which grew 23 per cent year-on-year.
