Latest in Real Estate Highlight
Latest in Real Estate
Real estate developers deny withdrawal of their lands in New Capital
In this context, it should be noted that in no case may the land be withdrawn from any of the developers contracting with the ACUD on various activities without obtaining a final judicial decision.
Real estate developers to start collecting instalments through banks over the next five years: Property Finder
Developers, brokers are to continue focusing on digital platforms to reach largest segment of future buyers
RE/MAX achieves EGP 6bn sales in H1 of 2019
Director of Business Development at RE/MAX Egypt, Sherif Mahmoud, said the company’s sales increased by 80% in the first half (H1) of 2019 to EGP 6bn, compared to EGP 3.250bn last year
Organising AFCON in Egypt promotes real estate investment
Better Home Group’s General Manager Ashraf Adel said that organising the Africa Cup of Nations (AFCON) in Egypt supports the country’s tourism and investment promotion initiatives and confirms its restored political and security stability
MBG completes marketing 50% of Pukka Capital Walk in NAC
Al Adl pointed out that the company has achieved a 70% sales volume in the Pukka project, which includes more than 1,680 housing units on an area of 40 feddan
Jadeer Real Estate launches 2nd phase of Swara
Company invests EGP 250m during current year
Saudi delegation’s visit to mega real estate projects promotes Egypt globally
Egypt needs to organise similar events, visits to encourage Arab, foreign investments, says developer
Misr Italia’s investments in Egypt to record EGP 50bn in 10 years
Company signed cooperation protocol to fund establishing an official school in New Capital
Parliament’s housing committee approves draft law cancelling old rent for non-housing units
Law contravenes ruling of Supreme Constitutional Court, says housing committee member
Amending real estate appraisal comes in favour of state projects: source
Parliament’s economic committee approves new Egyptian criteria for real estate appraisal
Palm Hills reports sales growth of 5% y-o-y
“We intend to engage in further securitisation and discounting transactions in FY 2019,” says Mansour
Egypt’s financial leasing companies direct EGP 2.4bn into market end-April
Mortgage finance companies offered loans worth EGP 392.7m during April 2019
Egypt to launch EGP 20bn worth medical tourism city in Badr
The medical tourism city to be built over 109 feddan within five years
DETGD calls for communications unit within each new city
Egypt is making strong strides in the field of digital transformation, Internet of Things (IoT), and artificial intelligence (AI) through the creation of smart cities and communities, which will put it in the ranks of technologically advanced countries in the coming period, he noted
CBE’s mortgage finance interest rate projected to reach 8-12%
The Egyptian Real Estate Council proposed to set an interest rate of 8-12% on mortgage finance for middle-income housing units
Real estate developers aim to participate in Egypt’s social, middle-income housing
The minister explained that the partnership reflects the mutual trust between the government and the private sector
Progate, Memar El Fouad inks EGP 2.5bn contract to develop Zavani project in NAC
The project is located in the R7 diplomatic area overlooking the main road, and will offer 1,376 housing units varied between luxury apartments, duplexes, and penthouses with areas ranging from 122 sqm to 366 sqm. Fahmy noted that the company plans to begin project delivery in 2023.
Inertia’s real estate inventory reaches EGP100bn
Company’s land bank worth more than 7.5m sqm
City Edge signs EGP 1.6bn worth of construction contracts for 2 projects
During the company’s press conference on Wednesday, Amr El Kady, CEO of City Edge said that the first contract was signed with ASGC Group for EGP1.4bn for the Etapa Square project except for the hotel part of the project, which is being implemented until 2022.
Edge Holding achieved EGP 500m in sales of OIA project H1 2019
The OIA project is spread over 30 feddan in the NAC, composed of only 20% of building areas, which include 1,300 units.
Misr Italia achieves EGP 2bn in sales of its projects in 5 months
Company paying land instalments worth EGP 900m to ACUD during 2019, says Co-CEO
Better Home completes concrete works of Midtown Villa in NAC
Company intends to expand in NAC with more residential, commercial projects, says general manager
IWAN launches 2 projects in Ain Sokhna, New Cairo
Company has achieved EGP 4bn in sales during 2018, says CEO
Arkan Palm contracts with Gensler to develop 205-feddan project’s masterplan
Project’s investments worth EGP 59bn, says Badr El-Din
Akam launches 3rd phase of Scenario compound
Amer revealed that the company plans to inject EGP 300m in investments in the third phase of ClubView that will comprise of units with sizes ranging between 132-452 sqm.
Albostany markets 50% of medical centre with EGP 250m investments
Launching residential, administrative project in Degla Maadi area soon
DOJA markets 50% of Aurora project within nine months
Company plans to deliver project in May 2022, says sales manager
SODIC to pay EGP 1.2bn of outstanding land dues in 2019
Company plans to offer second phase of Malaaz North Coast project in July, says managing director
SODIC’s advance cheques for real estate projects reach EGP 11.4bn
Company disburses EGP 1.8bn out of EGP 3.2bn worth credit facilities
Royal aims to achieve EGP 250m in sales of its projects during 2019
Company will deliver 8 residential buildings during current year