Latest in Real Estate Highlight
Latest in Real Estate
CBE studies initiating real estate investment fund: Mountain View chairperson
“We must increase the issuance of an integrated plan for property export and coordination between all parties to promote this industry,” he explained.
Real estate, tourism contribute 40% of GDP
Development of New El-Alamein taking place at unprecedented rates
Coastal cities require integrated services to achieve sustainability: Developers
Promoting Egypt as a destination prerequisite for property exports
Egypt’s government issues 100 approvals for real estate projects annually
State focuses on overcoming any obstacles facing investors working in New Alamein city
Al Ahly Sabbour negotiates with Minya governorate to acquire 3 land plots
Company plans to start delivery of GAIA during 2Q 2023, says Sabbour
Ora Developers allocates EGP 1bn investments to ZED project in Sheikh Zayed in 2019, EGP 50bn expected sales
Company has applied for acquisition of an 850-feddan land plot in North Coast, says CEO
Hyde Park hosts Cirque du Soleil for first time in Egypt
Described as a ‘breathtaking, colourful homage to Cirque du Soleil’s legacy’, “BAZZAR” will feature signature Cirque style, an artistic combination of creative entertainment where the culture meets the musical and dancing shows taking audiences to a whole new world full of fantasy, colours, and life.
Emaar Misr confirms its ownership of Marassi’s land after lawsuit claiming possession
The land of Marassi development is registered and notarized by Emaar Misr in Egypt’s Real Estate Register and Documentation, after examining all the documents related to the land, according to a press statement.
Inertia, Banque du Caire sign EGP 575m loan to develop company’s projects
Company eyes EGP 5.5bn sales of Jefaira project, says CEO
ALDAU to complete its Hurghada Heights’ 2nd phase by 1Q 2020: commercial director
ALDAU Village Mall to be completed next year
Housing Ministry’s investments in New Aswan reach EGP 1.2bn over 6 years
The ministry has built 3,120 social housing units in the city, besides other 3,600 units under construction, El Gazzar said in a Wednesday press statement.
SODIC reports EGP 2bn revenues in 1H19, a 92% growth
Gross profit grew 23% to hit EGP 630m during the period, reflecting a gross profit margin of 31%.
MNHD revenues record EGP 1.089bn in 1H 2019
Despite the strategic postponement of new launches in Taj City to the third quarter of 2019 ( already launched), MNHD recorded consolidated net profit of EGP 511m in 1H 2019 compared to EGP 588m a year earlier.
El Shams Housing to start construction of Solana project in NAC end-August
Project will be self-financed by EGP 3.4bn from the company’s liquidity and sales of residential units
Palm Hills debuts Mazeej Hotel on 4,000sqm in North Coast
The hotel is a collaboration with Palm Hills Developments and G’nK Hospitality to comply with the national strategy to promote and facilitate international tourism, according to the issued press statement.
New Plan Developments to implement 20% of Serrano’s construction year-end
Company has marketed 90% of Serrano within eight months, says chairperson
CCR invests EGP 500m in Frontegate Mall
Company’s investments reach EGP 5bn, says chairperson
OUD eyes EGP 4bn sales by year-end
Delivery of OIC’s first phase is set to begin within nine months, says OUD owner
El Attal unveils 3rd phase of Park Lane Compoundhood in NAC
Company aims to expand in New Capital by launching two projects
ACUD negotiates with Emirati investor to develop EGP 18bn project in New Capital
Ten companies paid only 2% of land cost
IWAN to deliver 3 projects in 1Q20
“I expect demand to continue to grow at historical high rate of 12%,” says IWAN CEO
Pyramids to start offering units of NAC’s Paris Mall soon: chairperson
Company’s investments in NAC reached approximately EGP 6bn, says El Kholy
35% of Tower Bay’s first phase to be completed year-end
Company develops EGP 700m commercial administrative project in New Cairo
Beta allocates EGP 250m for construction works in 2H19
Company mulls new development project in September
Al-Wadi unveils new project in North Coast
Company launched 4th phase of Agora Sidi Abdel Rahman project in mid-July, says Commercial Director
MBG records EGP 300m in sales during Aqari exhibition
Company targets EGP 1bn sales in 3 months
Major S. Korean companies, embassy officials visit New Capital
Korean investors keen to participate in Egypt’s megaprojects, says ambassador
Castle launches EGP 450m Springfield in Castle Landmark
New phase offers 238 unfinished units
GV Developments unveils EGP 9bn White Sand project in North Coast
Project to include largest commercial complex serving the entire area, says GV Commercial Director
Next Home achieves EGP 1.3bn in sales of Next Point project
Mountain Plaza’s investment amounted to EGP 500m, says sales manager