Latest in Real Estate Highlight
Latest in Real Estate
Tatweer Misr Targets EGP 6bn in Sales Across its Projects in 2019
Company achieved EGP 2.5bn in sales at Bloomfields, says Dr. Shalaby, CEO and Managing Director
Al Ahly Sabbour eyes investments in New Alamein, NAC
Company aims to record EGP 10bn in total sales of GAIA project, says CEO
Madaar to begin implementation of Azha project’s second phase in six months with investments worth EGP 6bn
Company is directing EGP 13bn in Azha Ain Sokhna, says CEO
US-Saudi-UAE consortium negotiates with ACUD to develop 500 feddan entertainment area in NAC
Company launches lands in partnership system with 100-feddan size, says spokesperson
MNHD approves selling non-residential land plot for EGP 55,000 per sqm
Madinet Nasr for Housing and Development (MNHD) announced on Tuesday its approval to sell a 3,360 sqm land plot for a total of EGP 184,800,000, for EGP 55,000 per sqm to Minka Investment (MI). MNHD, one of Egypt’s leading urban developers, said that the board of directors of the company, during their meeting held on …
EGP 4.1bn in sales of Talaat Moustafa Group since January
Market does not face real estate bubble, says Moustafa
Private sector’s participation in implementation of Egypt’s Vision 2030 should be increased: Cityscape
Egypt is implementing several new cities and urban communities to double the state’s urban area and absorb the continuous population increase, which reflects the size of development and investment opportunities currently available in Egypt, according to Fathallah Fawzi, the general manager of the Cityscape Egypt conference. During the opening session of Cityscape Egypt on Sunday, …
Real estate sales see no deceleration, more services required in new cities: developers
Co-Founder, chairperson and CEO of DMG-Mountain View, Ayman Ismail, said that real estate sector represents about 16% of Egypt’s GDP and is considered an influential market and locomotive for economic growth. Ismail refuted reports about deceleration in the performance of the real estate market during the recent period, referring to the financial results of real …
Activation of mortgage finance basis for urban development, property export
CBE’s initiative has financed 230,000 clients, says MFF chairperson
Palm Hills, NUCA sign 205 feddan mixed-use development agreement
Palm Hills Developments announced, on Sunday, that that its subsidiary, Arkan Palm for Real Estate Investment Company, of which Palm Hills owns 40% stake, signed a mixed-use co-development agreement with the New Urban Communities Authority (NUCA) on a revenue sharing basis. The project will be built over 205 feddan in Sheikh Zayed City. It will …
El Gazzar to outline government’s real estate vision at Cityscape Egypt 2019
Real estate leaders meet to discuss sector’s future
‘Think Commercial’ roundtable: developers demand legislations to forbid changing activity of residential units
The Deputy Minister of Housing for National Projects, Khaled Abbas, said that the state is trying to remove obstacles facing developers. For example, the ministry of housing insisted that the Reconciliation Law in building violations should not include any reconciliation in the irregularities of changing residential activity. During the ‘Think Commercial’ roundtable discussions held by …
Implemented commercial, residential units not commensurate with market needs: Chairperson of Mountain View
During the ‘Think Commercial’ roundtable discussions held by Media Avenue and Window companies on Wednesday, developers agreed that the Egyptian market is attractive for investment in different sectors, but it is necessary to provide clear information on the size of commercial and administrative units and retail supply, as well as implement legislation prohibiting the change …
Tatweer Misr signs MoU with NJIT, OCC to start first American IBC in Bloomfields at Mostakbal City
Tatweer Misr, an Egyptian real estate developer, signed a memorandum of understanding (MoU) with the New Jersey Institute of Technology (NJIT) and the Ocean County College (OCC) in order to establish Egypt’s first American International Branch Campus (IBC) in Egypt at Bloomfields’ project in Mostakbal City, east Cairo. During a press conference held on Tuesday, …
Pyramids Developments records EGP 600m in sales of Grand Square mall
Company intends to begin construction works in 2 new projects in H2 of 2019, says chairperson
Metallurgical Holding Company, NUCA sign cooperation protocol to develop 1m sqm land plot in New Cairo
The Minister of Housing, Utilities and Urban Communities, Assem El Gazzar, and the Minister of Public Enterprise Sector, Hesham Tawfik, witnessed the signing of a cooperation protocol between the Metallurgical Holding Company, affiliated to the ministry of public enterprise sector, and the New Urban Communities Authority (NUCA), affiliated to the ministry of housing, in order …
SAK Developments targets EGP 200m in sales of Cityscape exhibition
Company aims to achieve total sales of about EGP 500m this year, says CEO
Master Group invests EGP 12bn in projects at NAC
Master Group announced that the company plans to direct EGP 12bn in investments in its two projects, The City and The City Valley, in the New Administrative Capital (NAC), according to Muhammad Lasheen, chairperson of the company. The City project is a residential, commercial, administrative and medical project in the NAC, in the R7 H2 …
Housing Ministry surpasses real estate developers in sales of new cities
No competition exists between state, developers in new cities, says NUCA assistant housing minister
Real estate sector to prosper by 2020 following inauguration of 14 new cities
Country suffering from gap between offered, required social housing units due to high population growth
Wadi Degla to invest EGP 5.3bn in construction projects in FY 2020
Wadi Degla Holding will invest EGP 5.3bn in construction projects in the fiscal year (FY) 2019/20, Invest-Gate cited the Chairperson and CEO of Wadi Degla, Maged Helmy. During a roundtable discussion, Helmy announced 2019 as the Year of Accomplishments and Deliveries since Wadi Degla will deliver around 2,200 units in seven residential and touristic projects, in …
Private firms, government agree to issue real estate sector regulatory law
May Abdel Hamid, the CEO of the Social Housing Mortgage Finance Subsidy Fund, agreed with representatives of real estate companies on the importance of issuing a new law which will regulate the real estate sector during her speech at the fifth real estate summit which was organised by the American Chamber of Commerce in Egypt …
Opening of GEM will increase real estate demand, sales in west Cairo: SODIC
Government exerts substantial efforts to internationally promote Egypt’s real estate sector
Think Commercial’s roundtable discuss future of non-residential real estate projects
The first roundtable in Egypt on non-residential real estate projects, including commercial, medical, and administrative, on 20 March, titled ‘Think Commercial’ at the Nile Ritz Carlton hotel, under the sponsorship of the Minister of Housing and Urban Communities, Assem El Gazzar. The roundtable discussion will be attended by the Deputy Minister of Housing for National …
Minister of Housing to present government’s real estate, construction strategy at Builders of Egypt Forum in April
The Minister of Housing, Utilities and Urban Communities, Assem El Gazzar, will participate in the fifth edition of the Builders of Egypt Forum on 21 April, under the title ‘Exporting the Egyptian Contracting and Real Estate: A New Future for Investment’. The minister will present the state’s plan to export real estate property, and promote …
Land Developers launches Armonia project in NAC with total Investment of EGP 3bn
The Land Developers (TLD), a privately-owned corporate company specialising in investment, development and management of upscale residential and commercial real estate projects, made its debut in the Egyptian market by introducing its latest project, Armonia, in the New Administrative Capital (NAC). This is the first project announcement for the joint stock company that gathers …
Mountain View to launch ready-to-occupy units expecting EGP 1.5bn sales
Mountain View plans to launch ready-to-occupy units in its existing projects in 2019 with expected sales of EGP 1.5bn, according to Amr Soliman, the company’s chairperson. During a press conference held Tuesday, Soliman said that his company is keen on keeping 20% of the total of every project’s units to be offered later at higher …
Castle Development invests EGP 800m in East Side at NAC
Project offers medical, office retail spaces spread over 7,600 sqm, will be delivered by 2021
Pyramids Developments to launch two tourism projects in North Coast, New Alamein during H2 of 2019
Pyramids Developments plans to launch two tourism projects in both the North Coast and New Alamein in the second half (H2) of 2019, according to Tayeb Mohamed Tayeb, the vice chairperson of the company. Tayeb said that the company plans to launch a series of investment projects for the company in real estate, tourism and …
Tameer achieves 64% growth in sales, profits in 2018
Tameer Engineering Consultants has achieved a growth rate of 64% in its sales and profits for 2018, totalling EGP 742m, compared to EGP 453m in 2017, according to its Chairperson, Saad Al Wazzan. The company said in press statement on Thursday that it has achieved a consolidated profit of EGP 331m before cutting a minority …