Latest in Real Estate Highlight
Latest in Real Estate
Egypt’s housing ownership sets world record high, as 67% of population own apartments
On the rent system, Hawk said that according to a survey conducted on 10,300 Egyptian families, of whom 25% live in housing units with old rent contracts, and 12% live in housing units with new rent contracts. About 12% of the participants in the survey are outside Cairo.
ACUD to complete lands sales in NAC’s first phase by July 2020
Shoura council building is being designed to be ready after elections, says ACUD chairperson
Infrastructure development of NAC’s Green River to cost EGP 7bn
Abbas added that the contracted company has been working in the Green River area for the past six months.
Karma launches INIZIO mall in NAC with EGP 500m investment
Company to build another project in the NAC in 2020, says chairperson
Arkan launches ‘Connection Cairo’ exhibition to explore the beauty of Cairo
Arkan believes in the importance of promoting and sponsoring art and photography projects in Egypt, and the positive impact the art can have on society.
Golden House launches 3rd phase of Roses project in NAC
The project is located in R8 neighbourhood in the NAC, near to the service area in the new capital. Its built-up area is 20% and the rest is allocated for green spaces and artificial lakes.
MBG aims to establish 100-feddan villa project in NAC
Company plans to deliver Pukka project in New Capital in 2022 and 2023, says chairperson
NUCA, Emaar agree to develop EGP 50bn integrated residential projects
The NUCA has handed over a 500-feddan plot of land to Emaar in Sheikh Zayed Extension City for another full-service residential project with investments worth approximately EGP 37.8bn and will create more than 70,000 direct and indirect jobs.
Construction and Housing Cooperatives’ investment budget to reach EGP 3.5bn in FY 2020/21: Chairperson
The authority aims to implement co-operative housing projects in New Obour, New Sixth of October, and Upper Egypt cities, says Hossam El Din Rizk
MNHD achieves EGP 4.6bn sales in 10M 2019
Company targets 20%increase in sales 2020, says general manager
Insight Real Estate debuts third phase of its projects in west Cairo
The company has sold its first and second phases with total sales approaching EGP 350m, according to Amr Assaf, chairperson of Insight Real Estate.
200 international brands to participate in 5th Cairo WoodShow
Total exports of Egypt’s furniture sector are estimated at EGP 30bn, says WoodShow director
Real estate sales rate increased 40% in 2019: study
Ain Sokhna is the most attractive area for tourism and industrial investment in 2019, says Inland Properties
Egyptian Resorts Company to develop Sahl Hasheesh project worth EGP 15bn
ERC’s Chief Executive Officer Wael El Hatow stated that the company has completed the required various permits for the project and will be implemented within seven years. Part of the funding is secured through the company’s own resources, along with additional financing from investors.
Misr Italia Properties invests EGP 3.4bn in 2019
Misr Italia Properties’ 41-feddan project, La Nuova Vista, in New Cairo has set new standards for the real estate market, he added. The project is fully implemented and already inhabited by residents featuring vast landscape areas for nature lovers, covering 90% of the project area.
Pyramids Developments to launch administrative units in Paris mall
Company offers 60,000 sqm- administrative area for sale in Paris malls
All sectors of the Cairo real estate market have seen improvements in Q3, says JLL
Hotel sector in Cairo reached highest performance levels in over 11 years: JLL
Elite Home delivers five projects in New Cairo
Company develops 20 different projects in New Cairo
Concept targets completing sale of Siela North Coast before next June
Company has marketed about 70% of the project, says chairperson
OUD launches Azadir’s second phase in New Cairo
Company sold out the first phase in a short time, says Khamis
Mountain View debuts first business park in Egypt
Chairperson and Founder of Mountain View – DMG, Amr Soliman, said, “the partnership came after our visit to Silicon Valley and headquarters of Google and Facebook to benefit from their experience in this field.”
Lack of cooperation between real estate developers and state caused failure of first, second generation cities: NUCA
During a Sunday press conference, Emara stressed that without establishing cooperation between real estate developers and the state, there will be no new cities, noting that the state builds infrastructure of new areas, which facilitates developers’ work later.
IPS Riyadh to start in December with 16 Egyptian real estate firms
City Edge Developments is the event’s strategic sponsor, and AAIB is the platinum sponsor
El Mansour Development opens new branch in Cairo’s Mokattam
Company targets EGP 1.2bn contractual sales next year
Introducing sustainable development in Egypt’s real estate promotes property export
Sustainability is a big and comprehensive concept, including green architecture, which preserves the environment, says MHDH co-founder
Orouba Misr launches Orouba Mall in Damanhour with EGP 5bn investments
CEO of Orouba Misr Development Hazem El-Deeb said that the new commercial centre is the fourth, following Alexandria and Tanta Malls and El-Sharkia Skyline Project, and will be considered the seventh amongst the company’s total projects.
Ajna Developments invests EGP 3bn in Ain Sokhna’s Carnelia project
Ajna to invest EGP 15bn over next 5 years in projects in Ain Sokhna, North Coast
Grand Plaza completes 55% of La Mirada El Mostakbal’s concretes
Company directs EGP 200m in construction works in current year, says chairperson
Master Group launches Ibiza chillout project in Ain Sokhna
Company launched the project in NextMove exhibition with 15% discount
New Jersey Developments debuts EGP 1.5bn project in Ain Sokhna
Company has sold two phases of Green Avenue New Capital