Latest in Real Estate Highlight
Latest in Real Estate
People & Places awards EGP1.6bn construction contracts for its North Coast development in Ras El Hekma; THE MED
People & Places, next-generation community maker, has announced the signing of contracts with Solid and ASASS Construction companies for a total investment value of EGP 1.6bn to begin the construction of its first development, “THE MED” in Ras El Hekma on the North Coast. The signing took place after the completion of the Ministerial Decree …
Reportage Properties records EGP 2.2bn in sales on its Montenapoleone project during 2022
The company sold 60% of the second phase of the project in only three months: CCO
Dolmen Developments to launch new 3,400-sqm project in NAC
Abdel Azim Khalil — Chairperson of Dolmen Developments — said that the project comprises a ground floor and three storeys.
Wadi Degla Developments reveals its turnaround strategy
The strategy — which was quietly launched in 2018 — aims to ensure WDD’s performance and sustainability, allowing it to deliver upon its mandate by strengthening its governance controls, ensuring its financial viability, and allowing it to meet its customers’ expectations through a value driven offering.
Demand for mortgage financing increased by 94% in just 8 months: New Cairo Developers Association
Mortgage financing is the main solution to overcome the hikes in real estate prices: Chairperson
Banque Misr, Banque du Caire, Misr Insurance Holding Group, Allianz Egypt launch Real Estate Investment Fund 1
Real Estate Investment Fund 1 signed a deal to purchase commercial real estate assets from Talaat Moustafa Group in Al-Rehab City and Madinaty
White Eagle Development launches EGP 2bn projects at NAC with Egyptian-Emirati partnership
Chairperson of White Eagle Development Ahmed Gebili said the Emirati partnership is the first among a group of local and international partnerships, adding that the company is starting the partnership by launching its real estate project Darvell in the New Administrative Capital (NAC) with investments close to EGP 800m.
Egypt’s Real Estate Development Chamber to propose new financing mechanisms in coordination with CBE
These successes were based on the continuous follow-up of market developments, cooperation with the Housing Committee in the House of Representatives, and government support to discuss the most important challenges facing real estate market.
Dubai International Chamber opens new Cairo office, boosting bilateral trade between Egypt, UAE
The Cairo office will provide Egyptian MNCs and SMEs access to trustworthy partners required to unlock Dubai’s global hub opportunities
El-Batal Developments to open Rock Gold in December 2023
El-Batal Developments is the first real estate development company to participate in the International Nebu Exhibition for Gold & Jewellery, which is being held from 10 to 12 December under the auspices of President Abdel Fattah Al-Sisi at the Egypt International Exhibition Centre in New Cairo.
Zodiac Development acquires CGD as part of its expansion plans in Egyptian market
Chairperson of Zodiac Development Hassan Hassanein said that the company is very confident in the strength of Egypt’s real estate sector, especially the New Administrative Capital (NAC).
Hometown Developments executes 50% of La Fayette Mall constructions at NAC
Hometown Developments announced that the construction rate in the La Fayette Mall project in the New Administrative Capital (NAC) has reached 50%.
Egypt’s Urban Development Fund opens reservations for Darah project through HDB
Darah achieves the presidential initiative objectives to improve the level of housing services in governorates’ capitals and major cities: UDF Chairperson
Reducing subsidisation of financing initiative for middle-income segment places burden on property developers: Experts
The decision, however, stipulates that the Ministry of Housing, Utilities, and Urban Communities would support the interest difference in the initiative and compensate banks for this difference instead of the Central Bank of Egypt (CBE).
Lozan Urban Development Group launches Methaq Development an Egyptian-Saudi partnership new entity with investments exceeding EGP 5bn
Abdullah Al-Amoudi, Regional President of Methaq Development, expressed his happiness at his presence in his second homeland Egypt, and his new partnership with the Lozan Development Group, stressing that as Saudi businessmen they are happy to be present as investors in the land of Mahrousa, especially since Egypt is one of the most important countries that have strong economic relations with the Kingdom of Saudi Arabia.
Naia Developments intends to invest EGP 30bn in Egypt’s property market over 3 years
Company invests EGP 19bn in Naia Bay, Naia West projects
After COP27, property developers seek to incorporate green building standards in their projects
Several property developers join ‘Sustainable Communities Initiative: Building for Better Lives’
COP27: TMG, Schneider partner to provide latest smart solutions, sustainability standards in Noor City
This came on the sidelines of the participation of TMG in the Conference of the Parties to the United Nations Convention on Climate Change COP27, in Sharm El-Sheikh
TMG, Baraka Group sign agreement to launch 7 new locations at All Seasons Park in Madinaty
Upon opening, All Seasons Park will welcome well-known brands including the likes of Beverly Hills Polo Club, Inglot, Mellow, People and New Balance, while C&Co
Real estate stakeholders discuss sector’s challenges at Egyptian Economic Conference 2022
Real Estate Development Chamber will organize exhibition on sidelines of Economic Conference to promote sector’s investment opportunities in Egypt
Talaat Moustafa Group and Majid Al Futtaim Retail announce opening of Carrefour’s second store in Madinaty at All Seasons Park
Talaat Moustafa Group (TMG), the leading real estate developer in Egypt, is expanding its partnership with Majid Al Futtaim Retail to provide more convenient and seamless shopping experiences for the community. As a result of the growing collaboration between the two entities, Carrefour has opened its second store in the fully integrated city of Madinaty …
Egypt’s commercial real estate stock maintains its position as a cost-effective investment: Fitch
It added that government efforts to increase foreign investment and boost private sector activity in the economy should prove positive for the commercial real estate market.
O West launches competitive payment plans for Hillside and Club Residences Phases
O West’s new flexible payment plans complement the company’s desire to constantly support the Egyptian real estate sector by creating marketing and export prospects and attracting new investments. They also underline the Egyptian economy’s strength, adaptability, and stability.
MNHD intends to deliver 1,500 units by year-end
Company plans to direct EGP 3bn to construction works in 2022, says CEO Abdallah Sallam
Misr Italia eyes EGP 7.5bn in sales during 2022
Company records EGP 1.5bn worth sales in IL Bosco City, says CEO
Hyde Park Developments showcases projects in east and west Cairo, North Coast at Cityscape Egypt exhibition
The company said that it continued the process of developing integrated urban projects at the highest level that provides its customers with a distinguished level of housing units with modern designs to suit different tastes with a variety of services. This came in response to increasing demand for Hyde Park’s unique projects and in light of the company’s role in supporting the state’s urban development plan.
Sky AD. Developments showcases its Investment opportunities in Capital Avenue during Cityscape Egypt 2022
The company will introduce special offers in the four days of the exhibition on its project Capital Avenue, with only a 10% down payment and instalments over 12 years, in addition to offering various investment opportunities, to attract the largest number of local and international investors.
Tatweer Misr invests EGP 4.5bn in smart solutions within its projects
Since its inception, company achieves EGP 30bn worth sales
GV Developments has EGP 30bn worth construction contracts until 2024: Chairperson
GV Group owns 14 companies operating in 3 different sectors
11th Edition of Cityscape officially launched
The 11th edition of Cityscape, Egypt’s most trusted and exclusive property show in the MENA Region has officially launched on Wednesday. It is organized by Informa Markets, the leading exhibition organizer worldwide. On the first day, the expo was honored by the visit of Khaled Abbas, Chairperson of the New Administrative Capital, and the Ambassador …