Latest in Real Estate Highlight
Latest in Real Estate
Alassema Real Estate to invest EGP 1.5bn in Egypt’s real estate market in 2021
Mohamed Ibrahim, Sales Manager at Alassema Real Estate, said that the company plans to diversify its current investment portfolio, and add new real estate products in the local market.
Egypt, Kuwait launch Modon for real estate development with EGP 5bn investments
New company expected to launch mega real estate projects in New Administrative Capital, New Alamein
Egypt’s solid infrastructure likely to attract FDIs in property sector: Marakez
70% of New Urban Communities Authority’s budget will be allocated for infrastructure works in FY 2020/21
Menassat Developments launches 2 projects in NAC with EGP 6bn investments
Company contracts with former football player Ahmed Hassan to establish sports rehabilitation centre
Watan Developments invests EGP 1bn in Orient Business Complex at New Capital
Project is constructed on total area of 2,319 sqm
New Plan Developments records EGP 1.4bn in sales during 2020
Company achieves EGP 2.8bn in sales within two years
New City launches ECO West development with EGP 2.5bn investments
Company targets second phase launch of Qena Gardens soon, says CEO Rami Youssef
Tatweer Misr launches latest D-Bay project on North Coast with EGP 7bn of investments
Following success of Fouka Bay, Tatweer Misr sees need for second North Coast destination to build on unique value proposition, says Ahmed Shalaby
Emaar Misr records one of Egypt’s highest real estate sales figures in 2020
Company’s net profit in Q4 of 2020 reaches EGP 656.5m
AlTameer Arabian’s Rivan Tower sells out in 2 hours
Company intends to begin construction work at Rivan Tower in Q4 2021, with EGP 1bn worth investments
New Urban Communities Authority approves EGP 140bn budget for FY 2021/22
Authority to start building 150,000 housing units in some new cities
Misr Italia launches The Cliff, The Park phases in IL BOSCO
New launches come after successful delivery of Phase I in IL BOSCO ahead of schedule in 2020
Orange Egypt Transforms “90 Avenue” into an Integrated Smart Compound
The cooperation protocol aims to provide the luxurious real estate project “90 Avenue”, located in the Fifth Settlement
Mortgage Finance Fund approves EGP 42bn budget for FY 2021/22
Fund’s board approves guideline for complaints and suggestions which will be published on its website
Minka offers NETFLAT units at Kinda New Cairo compound
NETFLAT is a new and innovative furnished net area flat without any utilities load, stated Minka Development CEO Abdallah Sallam.
Egypt President postpones enforcement of controversial Real Estate Registry Law
2-year transitional period given for community dialogue over Real Estate Registry Law
Madinet Nasr Housing and Development records net profits of EGP 1.1bn in 2020
Company plans to distribute EGP 648m cash dividends for second consecutive year
EGYGAB Developments purchases 83k-sqm land from MNHD
MNHD continued delivery of outstanding operational performance and financial results, says CEO
ACUD keen to partner with developers on fixed partnership rate
Company denies withdrawing plots of land from any developer
Real estate likely to be Egypt’s largest source of GDP
Egypt’s real estate investment and urban development account for 16% of GDP
FDIs in Egypt’s real estate projected to robust within 15 years: Sky Abu Dhabi
New FDIs will be injected in Egypt whether through mergers or acquisitions
Manara Developments launches Bella Vento Galala with EGP 4bn investments
Bella Vento is made up of 1,100 fully-finished units subdivided into chalets, villas with spaces ranging from 100 sqm to 220 sqm
Orascom Development sees 32.3% increase in real estate sales in Q4 2020
Company announces it ended year on net sales of EGP 6.2bn
MNHD eyes medium, long-term expansion to different areas
Company is particularly interested in Egypt’s North Coast region
Egypt revokes signature validity in registering property
Only recognition of property sale operations will be through official registration at notary public offices
MAVEN Developments, AXA partner on insurance for Baymount Sokhna units owners
MAVEN Developments and AXA General Insurance, one of the world’s largest insurance companies, have signed a partnership agreement to provide insurance services to unit owners at Baymount Sokhna developments.
MG Developments launches Promark project at New Capital with EGP 1.2bn investments
MG Developments is set to launch its Promark project at the New Administrative Capital (NAC), with estimated investments of EGP 1.2bn.
Real estate developer Babylon signs strategic contracts for 2 New Capital projects
The real estate developer, Babylon Urban Development, has signed strategic partnership contracts worth EGP 1bn with a number of companies to construct, design and manage its two office projects in the New Administrative Capital (NAC).
Egypt’s Prime Minister, Parliament review construction requirements
Universities to prepare facade designs for new buildings in various governorates
Egypt to host Real Gate Exhibition from 25-27 March
The Real Gate Exhibition, Egypt’s first hybrid real estate exhibition and conference, is set to take place at the Egyptian International Exhibition Center (EIEC) in New Cairo from 25-27 March.