Latest in Real Estate Highlight
Latest in Real Estate

Rescheduled Cityscape Egypt aims to boost real estate sales after COVID-19 fallout
Mega property exhibition will take place at Egypt International Exhibition Centre, hosting 65 organisations from 4 to 7 November

ACUD offers new facilities to attract developers to NAC
AWWC retracts interest to develop Diamond City project inside NAC, in partnership with ACUD

Ajna Developments records EGP 700m in sales during 9M 2020
The development, worth EGP 3bn in investments, is the first project for the company in the Egyptian property market, and spans over 100 feddan in Ain Sokhna.

Celebrations, buses provided to transport voters in elections in Al Rehab, Madinaty
Residents’ comfort comes first, according to developer of Madinaty and Al Rehab Talaat Moustafa Group (TMG)

Lifestyles offered in TMG’s Al Rehab, Madinaty cities attract buyers
Madinaty and Al Rehab developer TMG is headed by Hisham Talaat Mostafa, the most famous real estate developer in Egypt.

El Attal introduces EGP 1.5bn Bayside Ras Sudr development
Company offers long-term payment plan of up to four years at Bayside project, says Chairperson Ahmed El Attal

NUCA to offer 23 land plots under partnership system at New Alamein
Authority received 1,496 requests to acquire land in new cities through market-oriented mechanism

Madaar, Benoy sign partnership to design Downtown Azha Ain Sokhna
Madaar’s investments in Azha Ain Sokhna project to exceed EGP 15bn, says CEO Gasser Bahgat

The Waterway Developments launches EGP 5bn residential project in New Cairo
Company achieves 50% increase in sales compared to 2019, exceeding target by 30%

Capital Link introduces Verona project at NAC
The company’s Chairperson Ashraf Badea said that Verona is located on an area of 2,085 sqm. It is a nine-storey mixed-use building, comprised of medical, commercial and administrative units, with areas starting from 26 sqm per unit, and prices ranging between EGP 18,000-EGP 22,000 per square metre.

Egyptian property developers discuss CPA’s potential scope for intervention
CPA has received consumer complaints related to arbitrary, monopolistic practices of many real estate development companies

Upturn Developments invests EGP 300m in New Cairo residential projects
NAC is one of most promising national projects due to its clear and specific vision

Capital Link debuts three new projects in New Capital
Company intends to begin sales for its Spot project this month

Cornerstone Development obtains approval for ‘The Curve’ project
Company plans project delivery by 2023 end, with unit areas ranging from 80 sqm to 320 sqm

Better House achieves EGP 1.2bn in sales at Sky Capital project
Andraus said that the company has succeeded in selling all the residential units at the project, which exceed 600, in a short time.

Emaar Misr launches 2nd phase of Cairo Gate project in Sheikh Zayed
Cairo Gate is Emaar Misr’s first project in west Cairo, spanning an area of 133 feddans in the heart of Sheikh Zayed, with investments amounting to EGP 11.5bn.

Future Homes records EGP 30m in sales during AQARI Exhibition
The compound, worth investments of EGP 260m, is built on an area of 5,500 sqm, and includes 100 commercial and administrative units alongside 370 serviced-apartments of various areas.

EG Master completes 20% of construction at The City Valley in NAC
Salib said that the company is developing The City Valley compound, which is worth EGP 4bn in investments, on 63 feddans in the NAC’s R7 district, with the project comprised of 57 villas and 51 buildings.

Next Home to invest EGP 2bn in new real estate projects
Company directs investments of EGP 500m in Mokattam’s Business Arena commercial project

Afaaq celebrates delivery of Amorada New Cairo ahead of schedule
Amorada, which was constructed with total investments amounted to EGP 600m, boasts a built-up area of 22.5%, and includes 272 units of varying areas, in addition to a commercial mall.

La Verde anticipates EGP 3bn in sales at New Capital’s Casette
Company records EGP 1bn in sales since launch of its project in NAC

Strategic Holding eyes expansion of online exhibitions in 2020
IPS GCC promotes Egyptian real estate in Gulf region

Cityscape exhibition space sells out as leading Egyptian developers prepare for November event
EIEC event highlights ‘back to business’ attitude in Egypt’s real estate sector

Aqar Masr to introduce Gusco project at NAC in November
Company intends for all units to be sold within 18 months, with expected sales of between EGP 500m-EGP 600m within year

SODIC’s Eastown District New Cairo remains on schedule for 2021 delivery
Since breaking ground, SODIC has awarded over EGP 1.7bn worth construction contracts in Eastown

Property developers present appealing offers at Egypt’s first post-COVID-19 expo
The exhibition provided companies with the platform to attract a large base of customers, particularly following the almost total halt of sales in the past six months due to the pandemic.

Real estate companies’ flexibility helps market recover from COVID-19
Pandemic provides real estate developers with new experiences to deal with any crisis in market, says Tarek Shoukry

ARDIC launches new phase of Zizinia El Mostakbal
Company eyes EGP 3bn in sales at Zizinia El Mostakbal project over next two years, says Mahmoud Hegazy

La Verde launches 2nd NAC project with EGP 2.5bn investments
The exhibition, which is scheduled for 1 to 4 October, will be inaugurated by Minister of Housing Assem El Gazzar.

New Alamein establishes reputation as diamond of investments in Egypt: City Edge
Private real estate developers have made recognised efforts in the sector, becoming a catalyst for rapid growth of fourth generation cities.