Latest in Real Estate Highlight
Latest in Real Estate
Arkan launches Jessy Hills in Sixth of October with EGP 250m investments
Company preparing to implement 10 schools with EGP 2bn investments
Aristo signs exclusive agency contract to market its real estate projects in Egypt
Company handed over 265 projects with investments over $6bn
Hotels, administrative, residential projects most active in current year: JLL
Real estate prices expected to hike between 5%-10%, says Ayman Sami
Egypt’s real estate market expected to attract foreign direct investment for 2019/21
The real estate market in Egypt continues to present positive growth indicators for the upcoming 2019 to 2021 period, according to Ayman Sami, the JLL country head-Egypt. Sami noted that the market is expected to attract foreign direct investment in order to restore the international position of Cairo as a competitive and a leading real …
Housing Ministry targets construction of 40,000 housing units at NAC end-June 2020
The Minister of Housing, Utilities and Urban Communities, Assem El Gazzar, said that the ministry aims to complete the implementation of more than 40,000 housing units as well as, completing a number of utilities and services projects in the New Administrative Capital (NAC) by the end of June 2020. The projects, due to be completed …
Video: Hisham Talaat among the 50 most influential figures in the Egyptian economy, why?
Hisham Talaat Moustafa, is one of the most influential figures in the Egyptian Economy and “Talaat Moustafa Group” is the “Pioneering Real Estate Developer – 2018”
Palm Hills increases its sales by 18% in FY 18
Palm Hills Developments has achieved EGP 12.5bn sales in its project with an increase of 18% Y-o-Y, according to consolidated financial statements for the last quarter (Q4) of 2018. The statement said that the company has succeeded in selling 3,102 units in fiscal year (FY) 2018, compared to 2,136 units in FY 2017. The company …
Road development continues to be GCC’s top priority with projects worth over $122bn: report
The total value of active infrastructural projects in the Gulf Cooperation Countries (GCC) has reached to $1.14tn with roads, highways, and bridges with the highest number of projects, according to the latest report released by Orient Planet Research, an Orient Planet Group venture. The report titled ‘Fast Tracking Development: Road Infrastructure in GCC’ cited a …
El Attal’s Park Lane project achieves EGP 122m sales in first day of offering
Housing units for medium-income individuals should be offered through partnership between state, private sector
First Group showcases two projects in Everest Real estate Exhibition in Kuwait
Diversity of real estate sector in Egyptian market adds to its regional competitive advantages
AURD launches first Arab conference for investment in Egypt
Event aspires for Arab common market, economic integration, trade exchange, economic unity
ALMF.CA considers increasing real estate investments to EGP 500m
Government’s IPOs on EGX considered one of most important investment aspects, says El Kherbawy
Egypt’s National Strategic plan 2052 aims to increase urban areas to 14%
Total of 709,000 low-income housing units are being implemented, says Assem El Gazzar
City Edge launches first phase of Al Maqsad in NAC
Project spans over 211 feddan in R3 region at NAC
El Attal Holding launches Park Lane Compoundhood with EGP 4bn investment
Company plans to fund tourism projects worth EGP 8bn in North Coast, Ain Sokhna
Honeywell signs New Administrative Capital security systems agreement
NAC to see creation of modern technology centres; to receive new foreign investments
Parliament Housing Committee accepts AIIB’s loan to mend sanitation services
Programme co-financed by World Bank
Developers call for replacing imprisonment with fines in real estate violation cases
Final draft of law scheduled to be submitted to cabinet within two months, says Sabbour
Alassema Construction targets EGP 6bn sales from its new project in NAC
Company’s first project in NAC is MCC with EGP 750m in target sales
Think Commercial: Egypt’s 1st round-table talks on future of non-residential real estate
The first roundtable in Egypt on non-residential real estate, including commercial, medical, and administrative real estate, will be held on 20 March under the title “Think Commercial” at Nile Ritz Carlton hotel. The meeting will be organised by Window and Media Avenue companies which are specialised in organising conferences. The round-table talks will see the …
Beta Egypt delivers Beta Greens project in Hadayek October
Company targets achieving EGP 1.2bn sales in 2019
MNHD achieves 14.6% Y-o-Y growth in consolidated revenues in 2018
Madinet Nasr Housing and Development (MNHD), an urban developer in Egypt, has achieved consolidated revenues of EGP 2.78bn, representing year-over-year (Y-o-Y) growth of 14.6% in 2018, compared to EGP 2.43bn at the end of 2017, according to the company’s press statement regarding financial results for the year ending 31 December 2018. The statement said that …
TSM launches 1st phase of Zagazig New City Mall in Sharqeya worth EGP 60m
Company managed several outstanding projects since its inception in 2009
ERA-Egypt aims for EGP 1.5bn in sales in developers’ commercial projects for 2019
Company achieved sales worth EGP 500m last year in commercial sector
Cityscape Egypt focuses on energising real estate market, re-instating confidence
Event will take place across Egypt, Saudi Arabia, UAE between March 24-18
MREC, Amaco agree to export real estate, promote Egypt-Saudi cooperation
MREC for Integrated Real Estate Services and Saudi Amaco has signed a strategic agreement to promote and organise conferences and exhibitions. The agreement stipulated promoting WAFIEX 2019 exhibition for selling off-plan real estate projects, which will kick off in Saudi Arabia from 9 to 11 March. WAFIEX will be held under the patronage of the …
Wadi Degla embarks on Promenade Maadi with investments of EGP 350m
Wadi Degla Developments has commenced work on new luxury residential compound, Promenade Maadi, in a prime uphill location in Zahraa El Maadi in front of Wadi Degla SC. Maged Helmy, chairperson and CEO of Wadi Degla Holding, said in press statement that Promenade Maadi, to be built on an area of 34,000 sqm, will have 300 …
Cairo Capital to launch new project in Sheikh Zayed with target sales of EGP 750m
Project offers 120 villas with various sizes, says chairperson
Tameer plans to complete marketing of Azad New Cairo in H1 of 2019
Tameer plans to complete marketing of its Azad project by the end of the first half (H1) of 2019 with targeted sales of EGP 1.7bn, according to Tameer’s Managing Director, Antoine El Khoury. El Khoury told Daily News Egypt that the company has managed to complete the marketing of about 65% of the total project. …
Egypt enters era of skyscrapers
Egypt hosts first Egypt’s Skyscrapers Forum in June