Latest in Real Estate Highlight
Latest in Real Estate
Mariout Hills invests EGP 162m in first city for sports medicine
City will receive about 18,000 athletes annually
Real estate council submits proposal to meet challenges of real estate investment
The proposals would help to coordinate between the four entities in order to find innovative solutions to some of the problems affecting the growth of real estate investment in Egypt.
New Avenue achieves EGP 5bn in sales for developers in 3 years
El-Dessouky further noted that the company achieved sales exceeding EGP 2bn for developers in 2018.
Master Group launches largest water park in Ain Sokhna with EGP 3bn investment
Lasheen noted that the two projects’ investments amounted to EGP 12bn.
Jdar Group launches second phase of Sea View North Coast
Fakhry added that the company offers its customers discounts for a limited period up to 20% when contracting on the second phase of the project, noting that the second phase is scheduled to be delivered in 2021.
SODIC revenues grow 84% to EGP 941 in 1Q19
According to the press statement, the strong growth in revenues was driven mainly by Villette which contributed to circa 50% of the delivered value.
Talaat Mostafa Group achieves EGP 4.4bn sales, EGP 476.7m net profit in Q1 2019
TMG Holding announced an increase of its property revenue to EGP 1.2bn by end March
Talaat Mostafa Group: Egypt’s leading real estate developer
In 2018 TMG achieved EGP 1.7bn in profits, followed by MNHD with EGP 1.08bn, Palm Hills EGP 811.7m
Intelli-Cities exhibition to be held in December with participation of 15 real estate developers
New Administrative Capital expected to participate in Intelli-Cities: Kamal
MG Developments launches first permanent Kitesurfing centre in Blue Blue Sokhna Resort
Company completed pilot operation, started actual operation of centre: Centre Manager
The Address purposes achieved EGP 3bn in sales for developers in 2019
Company recorded EGP 1.4bn in sales for developers during 2018: Chairperson
Al-Wadi invests EGP 2bn in Agora Sidi Abdel Rahman project
Company plans to launch 400 new housing units in Agora Sidi Abdel Rahman in North Coast this year
MNHD records EGP 634.2m in consolidated revenues in Q1
Madinet Nasr Housing and Development (MNHD), an urban developer in Egypt, recorded consolidated revenues of EGP 634.2m in the first quarter (Q1) of 2019, up 3.8% year-over-year (y-o-y) from the EGP 610.8m recorded during Q1 of 2018. MNHD announced on Thursday its results for Q1 ending 31 March 2019, reporting that consolidated net profits for …
Real Estate Council submits proposal to provide social housing in partnership with state
Chairperson of the Egyptian Real Estate Council, Adel Lotfy, said that the council has completed a draft of the proposal for developing social housing for youth in partnership with the state. Lotfy added that the council has submitted the proposal to New Urban Communities Authority (NUCA), which focused on setting a price ceiling for the …
Better Home decides to abolish expenses of unit’s ownership transfer
The board of directors of the Better Home Group company issued a decision to abolish expenses of transferring units’ ownership in the company’s projects, estimated at about 6% of the total value of the residential unit, as a facilitation for customers. The company pointed out that the board of directors decided to abolish these expenses …
Mariout Hills launches first sustainable city in North Coast
The investment cost for the first phase of the first sustainable “eco-city” in Egypt is EGP 2.4bn, Ahmed Hassan, chairperson of Mariout Hills Developments, a specialist in sustainable cities, said. Hassan noted that the eco-city will be located in the North Coast, explaining that it will comprise of residential units which comply with all globally …
Trulia for Real Estate to contract with 30 developers to market their projects
Trulia for Real Estate has started contracting with a group of leading real estate developers in Egypt to market their residential, commercial, and coastal projects, and is negotiating to include more projects in its marketing portfolio. Ahmed Abdel Naeem, chairperson of Trulia, said his company has started contracting with 30 real estate companies to market …
Al Riyadh Misr to deliver 100 units by year-end in Shorouk City
Company achieved 30% of targeted sales by end of Q1 of 2019
Al Marasem launches ‘Partners Not Only Clients’ real estate investment system
Partnership system: investor owns 50% of unit value, Al Marasem owns other 50%
Yafa Mac to launch third phase of Emirates Heights project in North Coast by 2020
Company plans to launch new residential tourism project in Borg El Arab
Egypt’s real estate prices have hiked by 75% since pound flotation
Real estate prices in the Egyptian market have hiked by an average of 75% since the floatation of the Egyptian pound till now, according to Mahmoud Abdel Halim, chairperson of MREC for Integrated Real Estate Services. Abdel Halim noted in a press statement on Thursday that the price spikes in some projects and regions reached …
Misr Italia begins VINCI project construction works with EGP 500m investments
Misr Italia Properties begins the construction work of VINCI boutique residential project with investments worth EGP500m in 2019. Misr Italia Properties announced finalising a deal with three contracting companies to implement the construction works of VINCI project. With construction of the project starting in 2019, the company plans to accelerate the delivery of units in 2022. Mohamed Hany …
Cairo’s real estate market performance remains strong in Q1of 2019: JLL
According to the Jones Lang LaSalle (JLL) report, performance remained strong across all sectors of the Cairo real estate market in the first quarter (Q1) of 2019. JLL added that the residential sector registered mixed performance, with sale prices slowing over the quarter, while rental rates increased on the back of limited supply of rental …
Marakez awards Hassan Allam construction of AEON Towers
Project’s total investment worth EGP 2.2bn
HHD offers 44 plots of land at Airport Sheraton by public auction in May
The Heliopolis Company for Housing and Development (HHD), one of subsidiaries of the Holding Company for Construction and Development affiliated to the ministry of public enterprise sector, intends to sell 44 plots of land on the main streets of the Sheraton area, in east Cairo. The HHD’s Managing Director, Sahar Al Damati, said in press …
Emaar Misr donates $50m to develop informal housing areas, national projects in Egypt
The board of directors of Emaar Misr announced on Tuesday a donation of EGP 878m ($50m) to develop informal housing areas in Egypt. Emaar Misr said that this donation is due to its belief in the developmental role that private sector companies must play toward contributing to community initiatives and social projects, as well as improving …
El Attal launches second phase of Park Lane compoundhood in EPS Dubai
El Attal Holding will showcase the Park Lane Compoundhood in the Egypt Property Show (EPS) in Dubai, which is being held at Dubai World Trade Center between the period from 18 to 20 April under the patronage of Prime Minister Mustafa Madbouly, and the Ministry of Housing and the Dubai Land Department. The Park Lane …
Namaa launches Capital One project in NAC
Namaa Development and Real Estate Investment has announced the launch of its latest project in the New Administrative Capital (NAC) called Capital One, to become the largest private sector management complex in the central business district (CDB) in the NAC. During the celebration of the 20th anniversary of its presence in Egyptian market as a …
Sabbour Consulting, Hometown contract to design Zaha Park New Capital
Sabbour Consulting and Hometown Real Estate Development contracted to design and supervise the implementation of Zaha Park New Capital, a commercial administrative project, in the New Administrative Capital (NAC). Founder of Sabbour Consulting, Hussein Sabbour said, “According to the contract, our office will provide all engineering consultations for the design works, and supervise the implementation …
ACUD, Petroleum Ministry ink deal to provide government district with natural gas
Deal worth EGP 31.5m, says ACUD’s spokesperson