Latest in Real Estate Highlight
Latest in Real Estate
HHD expected to announce its development plan within days: sources
The plan aims to maximize the value of the company, and make good use of the HHD land portfolio. The new plan includes clear mechanisms to develop the company using self-resources, in addition to partnership agreements with some developers, similar to the recent agreement with SODIC to develop 650 feddan in New Heliopolis.
‘Think Commercial’ to organise 4th roundtable on Egypt real estate future
Think Commercial online session will take place, with participation of real estate developers, on dealing with coronavirus crisis
SODIC focuses on keeping operations on schedule, timely market launches
Daily News Egypt sat down with Sherif to learn more on the company’s plans and vision regarding Egypt’s real estate market.
Mortgage finance companies likely to provide EGP 3.5bn loans in 2021
Mortgage finance is safe haven for real estate investments in current period, says Abdel Hamid
Dolmen receives 6 offers to develop The Pier Mall at NAC
The offers come as part of a limited tender to choose a contractor for the project’s construction. The tender’s envelopes are scheduled to be opened early next week, Khalil said.
Emaar Misr, Emaar Hospitality Group inaugurate Address Marassi Golf Resort
Egypt is embarking upon massive projects and will transform North Coast into global tourism centre, says Emaar’s Alabbar
Egypt faces up to its informal housing crisis
Al-Asmarat comprises a total of 7,440 fully-furnished units with basic amenities, including educational, health, social, religious, and recreational facilities.
Cairo’s real estate market remains stable despite pandemic in Q2 of 2020
Egyptian government continues to support sectors most impacted by pandemic, with initiatives such as allowing corporates to pay income tax in three instalments
ACUD cuts land down-payments to 10% to boost NAC businesses
Company has received 25 requests to obtain land in NAC, which are currently being considered, says ACUD official
El Mostakbal donates EGP 5m to Tahya Misr Fund
El Mostakbal Chairperson Essam Nassef said the Tahya Misr Fund plays a pivotal role in mitigating the pandemic’s repercussions. He also praised the Egyptian government’s efforts in alleviating the impacts of the virus whilst also preserving the health and safety of the country’s citizens.
ODE to launch 2 NIS international schools in O West
NIS Schools will apply blended learning system featuring online, traditional face-to-face learning
SED achieves EGP 2.6bn sales at Sawari New Alexandria in H1 of 2020
A total of 197 villas were sold in the first phase of the project through the company’s in-house Sales Division team, without the use of broker shares, he elaborated.
Minka Development to deliver New Cairo Kensington project in 2020
Built as a complex of stacked townhouses, the Kensington project offers five exclusive units, replicating the English living experience with private backyards and rooftops. The project is located in the West Gold Extension neighbourhood of New Cairo.
FDA authorises IQOS marketing as modified risk tobacco product
Decision ensures users can make informed switch to IQOS as better choice to smoking
Aqarmap marketplace to hold its 4th Online Expo on 24 July
The company, which has been an innovating force in online real estate exhibitions since 2018, said that in previous exhibitions, 100% of participants succeeded in achieving online reservations.
Elite Home to deliver EGP 50m worth New Cairo projects in 2020
Of the projects that are set to be delivered, about 30 units are located in the Fifth Settlement in New Cairo, including Andalusia, Bait Al Watan, Lotus and Al Narges.
Altameer achieves EGP 500m sales at Rivan compound in H1 2020
Company eyes EGP 700m in sales by year-end
Inertia expects local property market recovery in H2 of 2020
Considering mortgage finance option is important to boost sales, says Inertia CEO
Real estate customers adopt ‘wait-and-see’ strategy amid COVID-19 fallout
Despite economic implications of current crisis, Egypt’s real estate sector anticipates strong return once crisis is over, says Sigma Capital
ACUD, Alliance Worldwide Consortium partner in 600-feddan development project
Project will see ACUD take 55% stake, against 45% for AWWC, says Abdeen
Hometown Developments debuts second commercial mall at NAC
During a tour for journalists of the project site on Sunday, Farag added that the Lafayette Mall is the first commercial project to be launched inside the downtown area. It includes six floors with built-up areas ranging between 35-40% of the total project space.
Obour City Authority invests EGP 1.2bn in development during FY 2019/20
Upcoming fiscal year will see EGP 700m invested in residential projects, in addition to developing safer living conditions
New Cairo investment plan stands at EGP 4bn in FY 2020/21: city authority
All precautionary measures undertaken at project sites to preserve health and safety of employees and to ensure continuity of construction
Standalone villas at SODIC’s VYE project sell out in 48 hours
The all-new 4-in-1 villa delivers on four main criteria usually only available in mansion living but which have been made available in attainably sized homes.
Palm Hills borrows EGP 365m from AAIB, Banque Misr to finance Hacienda Bay
The syndicated credit facility will partially finance the investment cost of Hacienda Bay, one of the real estate developer’s major projects in the North Coast, according to a statement to the Egyptian Exchange on Thursday.
Afaaq invests EGP 600m to complete Amorada New Cairo development
Company plans to develop new Amorada project in New Administrative Capital, says Chairperson
VOW Developments launches new phase in SOLAS project
The new phase, close to the Central Bank of Egypt (CBE) headquarters, includes 38 units covering 3,000 sqm in selling area, with selling areas starting from 48 sqm.
El Mostakbal launches international tender for management of Mostakbal City’s first phase
Awarding and contracting will take place by 2020 end, says Nassef
FEI, Banque Misr cooperate to revitalise CBE mortgage finance initiative
Real Estate Development Chamber’s cooperation with Banque Misr will overcome global health crisis, says chamber chairperson
SODIC postpones launch of EGP 2bn real estate projects
Company has EGP 7.7bn liquidity sources, of which EGP 2.7bn is in cash and equivalents