Latest in Real Estate Highlight
Latest in Real Estate
TMG, Mori International sign agreement to open new restaurants in Madinaty -Open Air Mall
Madinaty Open Air Mall is one of the largest in the Middle East and is the only super-regional open-air shopping centre in Egypt
Marakez opens Town Center retail destination
The on-the-go retail destination stretches over approximately 64,000 sqm, and boasts over 25,000 sqm of Gross Leasable Area. It is expected to serve more than 2 million people who live and work in the area.
Doja debuts 3rd project at NAC
Doja is currently developing two commercial projects in the NAC, namely Aurora and the X-Business Complex.
ACUD receives French delegation to discuss NAC investment opportunities
The meeting took place with the aim of acquainting the French delegation with the New Administrative Capital (NAC), and discussing investment opportunities in the national project.
Upturn targets EGP 800m in sales at Centric Business District development
Al Shenhab told Daily News Egypt that the company is currently completing the third phase of the project, in which it is targeting sales of EGP 250m. This phase includes about 40 units in a variety of areas from 59 sqm to 2,000 sqm.
Egypt should turn NAC into international city through tourism projects: Mamoun
Mamoun noted that this would work well with the state’s search for global real estate marketing and consultancy companies to develop a marketing and management plan for the NAC city, at both the local and global levels.
Real estate developers, experts disagree on cash back rewards system
Meanwhile, Rekaz Developments CEO Tamer Bakeer said that Egypt’s real estate development companies have resorted to this method for selling and making profits. Consequently, if companies offer the cash-back mechanism, then money placement is the only way to provide a return to the customer.
Royal One, CEMEX Egypt, KEM Consultant partner in developing NAC’s Capital Prime
The collaboration will accelerate the project’s construction rates and ensure its development to a high standard, according to Sherif Shaalan, Chairperson of Royal One Developments.
Arkan to invest EGP 600m in real estate projects during 2021
Essa also said that the company has directed a total of EGP 500m into its projects in the Egyptian real estate market over 2020, which has been distributed over residential and educational projects.
Pyramids Developments to put up NAC’s Grand Square Mall for lease in January 2021
The company said it introduces a new investment vision through which it seeks to replace traditional rental contracts with operating lease agreements, in which the lessee can rent the property to other parties.
Social infrastructure availability in mixed-use developments increases real estate demand: Colliers
Colliers International has conducted a comprehensive research in Cairo regarding which factors determine price premium. The results for a well-designed mixed-use project could range from a premium of 25% to 45%.
Ora Developers eyes 15%-20% sales increase in 2021
The 165-feddan ZED El-Sheikh Zayed development interweaves mixed-use, residential, commercial, retail, and entertainment facilities into its master plan.
Expo Republic to launch ‘Manazel’ property exhibition in Mansoura, Alexandria
Manazel exhibition will be launched in Alexandria from 19 to 21 November at City Center, on an area of 2,500 sqm, targeting 2,000 visitors. Manazel exhibition in Mansoura will be held from 3 to 5 December, on an area of 2,500 sqm.
MNHD to introduce new development project in Assiut by H1 of 2021
Company plans to complete constructing of 3,000 units by end of 2021, says CEO
EGP 44bn sales expected in New Heliopolis’ SODIC East development
SODIC is currently studying the best offers provided by contracting companies to begin construction works in the project.
Why do competitors see Hisham Talaat Mostafa as best real estate developer?
Hussein Sabour, one of Egypt’s pioneer architects and head of Sabbour Consulting, was at the forefront of the real estate developers who nominated Hisham Talaat Mustafa for the title.
DM Developments reveals EGP 1bn in sales during Q3 of 2020
Company is eyeing EGP 400m in sales during last quarter of year
Seldar Misr launches JW Marriott Residences New Cairo, Al Jazi Gardens
All ALJAZI Egypt projects are fully built with residential units available at JW Marriott Residences New Cairo, Al Jazi Gardens open for in-person viewing by interested buyers.
Mardev Developments begins construction on Menorca Residence construction
Zahran added that 40% of the project has been marketed, with 50% of the compound’s sales expected by the end of this year.
Cornerstone introduces The Curve project at Cityscape exhibition
Company’s project, located at NAC, comes with nine-year payment plan
Misr Italia Properties to invest EGP 68bn in Egypt over next 15 years: CEO
Company eyes EGP 2.5bn in sales by current year-end, says CEO Mohamed Hany El-Assal
Coldwell Banker Egypt launches CB star Club programme for 1st time in Egypt
These will be offered through exclusive interest rates, distinct discounts, and multiple instalment services that suit all customer segments. The programme’s philosophy aims to serve customers from the moment of purchasing their unit until they occupy it.
City Edge to launch three 20-storey towers in New Cairo: Chairperson
Company eyes sales of EGP 11bn by 2020-end, says CEO Mohamed El-Mikawi
AlTameer Arabian unveils NAC’s Rivan Square with EGP 1bn investments
Project marketed in two phases, with first one introducing 60% of total project units during Cityscape exhibition, says CCO Ahmed Osama
Rekaz Developments eyes EGP 600m in sales at New Capital’s Opal Mall
Company pumps EGP 400 in investments into project, says CEO Tamer Bakeer
Al Ahly Sabbour to deliver 1st phase of Mostakbal City’s Green Square in December
Real Estate Developers Union needed to organise market and classify companies, says Ahmed Sabbour
First Group sells 85% of KENZ Compound in 6th of October: CEO
Company intends to deliver whole project by mid-2021, says Bashir Mostafa
Master Group to launch 3,800 sqm tower at NAC in 2021
Company establishes new real estate company in UK through Egyptian-UK partnership, says CEO Mohamed Lashin
Hyde Park showcases competitively priced Tawny project at Cityscape exhibition
Company intends to operate first phase of Hyde Out at Hyde Park New Cairo in Q4 of 2020 , says CEO Amin Serag
Cityscape Egypt 2020 sees highest number of exhibitors ever: Exhibition Director
Developers still view exhibitions as genuine opportunity to connect directly with potential buyers, says Faariss Khalil