Latest news with #EmaarMisr
Zawya
7 days ago
- Business
- Zawya
Egypt: Emaar launches $185mln Palace Beach Resort Marassi in North Coast
Arab Finance: Emaar Misr has inaugurated a Palace Beach Resort Marassi in the North Coast's Marassi development scheme, with investments estimated at EGP 9 billion, according to a statement. Prime Minister Mostafa Madbouly and Emaar's Founder Mohamed Ali Alabbar witnessed the opening ceremony, which aligns with the group's strategy to redefine luxury tourism. This move comes amid the rapid recovery of Egypt's tourism sector, backed by the country's vision to enhance its position on the global tourism map. Spanning 140,000 square meters, the resort features 87 rooms and 31 luxury villas, offering a range of facilities, including a spa, beachfront restaurant, and gym. The project, which marks Marassi's 11th hotel, extends over a vast area of 6.5 million square meters, of which 4.1 million square meters are open green spaces, representing 63% of the total area. It also features a 6.5-kilometer beach and a 16-kilometer waterfront promenade. The development project includes 1,600 Keys hotel units, a golf course, and integrated recreational and sports facilities, making it a fully integrated tourist destination that caters to visitors of all interests. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
19-05-2025
- Business
- Zawya
Emaar Misr's consolidated net profits retreat to $65mln in Q1-25
Cairo: Emaar Misr for Development recorded an annual drop in consolidated net profit after tax to EGP 3.32 billion during the first quarter (Q1) of 2025, compared to EGP 5.73 billion in Q1-24. Basic and diluted earnings per share (EPS) plummeted to EGP 0.59 in Q1-25 from EGP 1.25 a year earlier, according to the financial results. The revenues hit EGP 5.84 billion as of 31 March 2025, marking a plunge from EGP 1.57 billion in Q1-24. Standalone Business In the first three months (3M) of 2025, Emaar Misr witnessed year-on-year (YoY) lower standalone net profits after tax at EGP 3.17 billion, compared to EGP 5.61 billion. Non-consolidated EPS amounted to EGP 0.56 in Q1-25, down from EGP 1.22 at the end of March 2024. In 2024, Emaar Misr's consolidated net profits after tax hit EGP 15.40 billion, while the standalone net profits reached EGP 12.37 billion.
Zawya
16-05-2025
- Business
- Zawya
Emaar Misr's consolidated profits drop 41.96% YoY in Q1 2025
Egypt - Emaar Misr for Development (EMFD) reported a 41.96% year-on-year (YoY) drop in consolidated net profits attributable to the parent company for the first quarter (Q1) of 2025, logging EGP 3.327 billion, compared to EGP 5.732 billion, as per the company's financial statements. Meanwhile, revenues went up to EGP 5.844 billion in the January-March period of this year from EGP 1.576 billion in Q1 2024. Respecting the firm's standalone results, net profits after tax dropped to EGP 3.172 billion in Q1 2025 from EGP 5.616 billion in Q1 2024. Established in 2007, Emaar Misr is engaged in real estate development operations. It undertakes commercial and residential development projects such as residential villages and communities, business centers, malls, and shopping complexes, villas, townhouses, and apartments. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
CairoScene
12-05-2025
- Business
- CairoScene
How KADesigns Blends Aesthetics & Function Across the Middle East
How KADesigns Blends Aesthetics & Function Across the Middle East At the heart of Egypt's evolving urban fabric, a number of landmark projects share one thing in common: KADesigns. From Emaar Misr's Mivida to the dynamic District 5 by Marakez and the coastal elegance of Orascom's Abu Tig Hill, the firm's signature lies in its holistic coordination and deeply considered user experiences. These aren't just large-scale developments - they're living, functional ecosystems shaped by a design team that prioritises seamless collaboration across disciplines. Founded by architect Dr. Mohamed Abdel-Kader in 2002, KADesigns has grown from a focused architectural studio into a multidisciplinary design consultancy firm with services that span architecture, interior design, urban planning, landscape, MEP, site supervision, and more. 'After my Ph.D. at UC Berkeley, I returned to an Egypt that was transforming,' Dr. Abdel-Kader tells SceneHome. 'New developers, large-scale ambitions - there was a gap for quality-driven designs that truly serve the user.' This realisation became the cornerstone of KADesigns' philosophy. Today, their portfolio spans a diverse range of projects, from residential compounds and resorts to commercial hubs and educational institutions across Egypt, Saudi Arabia, and the broader Middle East. Over the past two decades, KADesigns has built enduring relationships with the region's most prominent developers—names like Hassan Allam, Madinet Masr, and Al Rajhi Saudi Group. Their continued trust in the firm is a direct result of KADesigns' ability to consistently deliver comprehensive, well-coordinated designs that translate vision into value. In a real estate climate where time and cost overruns can derail entire projects, this level of reliability has proven invaluable, streamlining construction phases and enhancing profitability for clients. That level of consistency stems from the team itself. At the heart of KADesigns is a multidisciplinary team of architects, engineers, and specialists who approach each project as an integrated ecosystem. 'Our team is the first player we should thank for the firm's growth, both in Egypt and regionally,' says Dr. Mohamed Abdel-Kader. This tightly coordinated structure enables the firm to design not only for aesthetics and functionality, but also for the lived experience of end users—ensuring that what is promised on paper fully materializes in real life. 'We don't see coordination as a constraint,' Dr. Abdel-Kader emphasises. 'We see it as an opportunity for deeper integration between form and function.' At the heart of KADesigns' success is their commitment to multidisciplinary collaboration. By housing architecture, interior design, urban planning, landscape, MEP engineering, and project management under one roof, the firm ensures a cohesive vision from concept to completion. 'A project isn't successful just because it looks good in renderings,' notes Dr. Abdel-Kader. 'It has to deliver on that promise when someone lives, works, or visits that space. Our job is to make that transition invisible.' This user-centric approach is evident in their meticulous attention to detail, ensuring that every design element serves a purpose and enhances the overall experience. 'Our clients know that when we design something, it's not just aesthetic—it's coordinated, cost-efficient, and executable,' Dr. Abdel-Kader states. Embracing technology, KADesigns integrates advanced drafting systems and AI-powered tools into their workflow, enhancing both creativity and precision. 'We're always looking to improve our process without losing the human side of design,' he adds. Beyond their technical expertise, KADesigns places immense value on client relationships management. Their collaborations with their clients often extend beyond a single project, evolving into long-term partnerships built on trust and mutual respect. 'Design is about trust,' Dr. Abdel-Kader reflects. 'When a client gives you their vision, when a family buys into that dream, or a visitor walks into your space—you have to honour that trust.' As KADesigns continues to grow its presence across the Middle East, its work reflects more than technical execution or aesthetic decisions. At its core, the firm's approach suggests a mission: to design spaces that endure beyond handovers, serving not only the visions of developers but the everyday needs of the end users.
Zawya
03-03-2025
- Business
- Zawya
Emaar Misr records $304mln consolidated profits in 2024
Cairo – Emaar Misr for Development generated consolidated net profits after tax valued at EGP 15.40 billion in 2024, an annual hike from EGP 6.81 billion. Basic and diluted earnings per share (EPS) recorded EGP 3.31 last year, up from EGP 1.44 in 2023, according to the financial results. The EGX-listed firm achieved revenues worth EGP 19 billion as of 31 December 2024, higher year-on-year (YoY) than EGP 15.09 billion. Standalone Business Emaar Misr registered EGP 12.37 billion in net profit after income tax during the January-December 2024 period, compared to EGP 6.78 billion in 2023. Non-consolidated EPS climbed to EGP 2.64 in 2024 from EGP 1.43 at the end of December 2023. In the first nine months (9M) of 2024, the development company witnessed higher consolidated net profits at EGP 10.34 billion, compared to EGP 4.98 billion in 9M-23. Source: Mubasher
