{"id":596218,"date":"2019-08-21T04:00:55","date_gmt":"2019-08-21T04:00:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/lawsuit-filed-against-emaar-misr-over-marassi-land-plot\/"},"modified":"2019-08-21T04:00:55","modified_gmt":"2019-08-21T04:00:55","slug":"lawsuit-filed-against-emaar-misr-over-marassi-land-plot","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/lawsuit-filed-against-emaar-misr-over-marassi-land-plot\/","title":{"rendered":"Lawsuit filed against Emaar Misr over Marassi land plot"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a><b> DISPUTE WATCH- Emaar Misr sued over Marassi land plot:<\/b> Businessman Waheed Raafat has filed a legal case against Emaar Misr claiming to own 400 feddans of the land plot on which real estate developer Emaar Misr has built its Marassi compound in Sahel, <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKCN1VA0V2?fbclid=IwAR2_-l_oFYSgcsDS0YyGo2F2zFeUzecwKPVMaggWkTcDYF4OZW6Ebg9H4K0\">Reuters reports<\/a>. The first court hearing for the case has been scheduled for 2 September, according to Raafat\u2019s lawyer. Emaar <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%d8%a7%d8%b9%d9%85%d8%a7%d8%b1%20%d8%a8%d9%8a%d8%a7%d9%86%2020-08-2019.pdf\">said in a statement to the bourse (pdf)<\/a> that Raafat\u2019s legal challenge over the status of the land is \u201cbaseless,\u201d maintaining it purchased the land from the government through an auction. The company also said the land plot has been legally registered, a process that involved reviewing any claims to the land.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DISPUTE WATCH- Emaar Misr sued over Marassi land plot: Businessman Waheed Raafat has filed a legal case against Emaar Misr claiming to own 400 feddans of the land plot on which real estate developer Emaar Misr has built its Marassi compound in Sahel, Reuters reports. The first court hearing for the case has been scheduled [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[957,1527,72,9377,3399,2074,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596218","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-dispute-watch","tag-emaar-misr","tag-enterpriseam","tag-legal-challenge","tag-marassi","tag-north-coast","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d402aaea-306c-46cb-a466-1725eba97a2a","is_powered_by":true,"section_story_id":"beefd6b6-5e5a-4847-8159-8476542d0d40","story_type":"1","photo_url":"","photo_position":"above","related_issue":[596207],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lawsuit filed against Emaar Misr over Marassi land plot - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/lawsuit-filed-against-emaar-misr-over-marassi-land-plot\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lawsuit filed against Emaar Misr over Marassi land plot\" \/>\n<meta property=\"og:description\" content=\"DISPUTE WATCH- Emaar Misr sued over Marassi land plot: Businessman Waheed Raafat has filed a legal case against Emaar Misr claiming to own 400 feddans of the land plot on which real estate developer Emaar Misr has built its Marassi compound in Sahel, Reuters reports. The first court hearing for the case has been scheduled [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/lawsuit-filed-against-emaar-misr-over-marassi-land-plot\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-21T04:00:55+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/lawsuit-filed-against-emaar-misr-over-marassi-land-plot\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/lawsuit-filed-against-emaar-misr-over-marassi-land-plot\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Lawsuit filed against Emaar Misr over Marassi land plot\",\"datePublished\":\"2019-08-21T04:00:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/lawsuit-filed-against-emaar-misr-over-marassi-land-plot\/\"},\"wordCount\":124,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"dispute watch\",\"Emaar Misr\",\"EnterpriseAM\",\"Legal Challenge\",\"Marassi\",\"north coast\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/lawsuit-filed-against-emaar-misr-over-marassi-land-plot\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/lawsuit-filed-against-emaar-misr-over-marassi-land-plot\/\",\"name\":\"Lawsuit filed against Emaar Misr over Marassi land plot - 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Construction is scheduled to take 36 months to complete.","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594825,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/09\/emaar-misr-nears-resolution-on-el-nasr-dispute\/","url_meta":{"origin":596218,"position":1},"title":"Emaar Misr nears resolution on El Nasr dispute","author":"enterpriseam admin","date":"9 September 2019","format":false,"excerpt":"DISPUTE WATCH- Egypt and UAE\u2019s Emaar sign preliminary settlement agreement on El Nasr dispute: Property developer Emaar Misr has signed a preliminary agreement with the Egyptian government on a proposed settlement to resolve a dispute with state-owned El Nasr Housing over the Emirati company\u2019s alleged failure to develop 3 mn\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593624,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/legal-proceedings-between-emaar-and-el-nasr-suspended-for-another-4-weeks\/","url_meta":{"origin":596218,"position":2},"title":"Legal proceedings between Emaar and El Nasr suspended for another 4 weeks","author":"enterpriseam admin","date":"3 October 2019","format":false,"excerpt":"DISPUTE WATCH- Emaar-El Nasr legal proceedings suspended for another four weeks: A freeze on legal proceedings between property developer Emaar Misr and state-owned El Nasr Housing has been suspended for another four weeks \u201cwith the purpose of reaching a settlement,\u201d Emaar said in an EGX disclosure (pdf). The two sides\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573561,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/earnings-watch-emaar-misr-turns-a-profit-in-2q2020\/","url_meta":{"origin":596218,"position":3},"title":"Earnings watch: Emaar Misr turns a profit in 2Q2020","author":"enterpriseam admin","date":"10 August 2020","format":false,"excerpt":"EARNINGS WATCH- Emaar Misr recorded a net profit of EGP 366 mn 2Q2020, up from a net loss of EGP 324 mn in the same period last year, according to the company\u2019s quarterly financial statements (pdf). This came despite revenue falling 13% to EGP 771 mn during the quarter. Net\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596825,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/emaar-to-pay-el-nasr-egp-100-mn-to-settle-dispute\/","url_meta":{"origin":596218,"position":4},"title":"Emaar to pay El Nasr EGP 100 mn to settle dispute","author":"enterpriseam admin","date":"9 July 2019","format":false,"excerpt":"DISPUTE WATCH- Emaar to pay El Nasr EGP 100 mn to settle dispute: Property developer Emaar Misr has agreed to pay state-owned El Nasr Housing EGP 100 mn to settle their dispute, Public Enterprises Minister Hisham Tawfik told Al Mal. 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