Dubai / Emirates Business Nine Elms Property Development Ltd, a subsidiary of DAMAC International Limited, has announced a re-branding of its premier residential project in London. AYKON Nine Elms, the 50-storey tower with interiors by Italian fashion house Versace, has been renamed AYKON London One, in a tribute to the skyscraper tower being the only ‘One’ in central London with …

CAIRO / EMIRATES BUSINESS Egypt’s real estate developer SODIC signed sales contracts worth 4.4 billion Egyptian pounds (US$ 495.5million) during the financial year ended in December 2015, according to a source. SODIC , or Sixth of October Development and Investment Company revenues for the period reached 1.47 billion Egyptian pounds, while its net profit registered 321.331 million Egyptian pounds from …

Bloomberg When Ethiopian farmer Mulugeta Mezemir ceded his land three years ago to property developers on the fringes of the expanding capital, Addis Ababa, he felt he had no choice. A gated community with white picket fences and mock Roman pillars built by Country Club Developers now occupies the fields he tilled in Legetafo, Oromia region, after the 60-year-old said …