Latest in Real Estate Highlight
Latest in Real Estate
RE/MAX launches RE/MAX Corporate to boost real estate exports
Company plans to increase its sales by 80% in 2019, targeting EGP 6bn
Egypt, Sudan discuss enhancing cooperation in construction sector
EDA chairperson assures his determination to enable Egyptian companies export to Sudan
Alassema Construction launches MCC project in NAC with EGP 750m target sales
Company directs EGP 350m in project for three years
TSM inaugurates West Square in Beverly Hills project with investments exceeding EGP 300m
Carrefour supermarket opened last week within project on area of 1,000 sqm
Oscar Misr invests EGP 35m in three projects in New Cairo
Company self-financing its projects, committed to delivering its projects on time
MBG obtains ministerial approval of Pukka project’s construction
MBG to launch two tourism projects in Hurghada, North Coast
Marseilia, Misr for investment, urban development sign contract to develop project in NAC with EGP 5bn targeted sales
Official project launch planned in March, says Marselila chairperson
ACUD delegation to visit France, Austria to introduce NAC project
Delegation will highlight new efforts exerted by Egyptian state to establish urban communities worthy of Egyptian citizen under current political leadership, which seeks best for all Egyptians
Branded residences gain growing importance for foreign customers
Global market has 1.1m service units, says Real Estate Export Council
Investing in branded residential serviced apartments will cater to foreign clients’ needs: developers
‘Coastal areas, business districts are most attractive locations for developing service apartments,’ says El Kady
Housing Ministry studying alternative to expand mortgage finance system: Deputy Housing Minister
CBE’s mortgage finance initiative was not effective for most real estate companies, say developers
Tatweer Misr launches Waterfront Lofts by cloud 7 in Fouka Bay
Tatweer Misr launched its unique “The Waterfront Lofts” by Cloud 7 hotel in Fouka Bay project in North Coast.
RFCO launches IL Mondo project at New Administrative Capital with EGP 1.6bn investments
Company managed to sell 45% of project’s units, says chairperson
Developers expect more sales stability, mergers in real estate market in 2019
Real estate developers predicted that in 2019 the real estate sector will witness a state of relative stability in sales as a continuation of the last quarter of 2018. They stressed that if fuel prices rise, this will reflect a 15% increase in real estate prices during 2019. They also pointed out that despite the …
Egypt’s investment in real estate reached EGP 80.45bn during 2017/18:MEFMA
Increase opened up more growth prospects, not only in property industry, also in local, regional facility management sectors
2018 saw rents, sale prices improve across Cairo: JLL
The residential sector has performed strongly throughout 2018. The strong performance of the off-plan sector has however negatively impacted the secondary market, as buyers are preferring to hold off and wait to purchase off-plan units completed in 2019, according to JLL’s A year in Review 2018 report. The report noted that the strongest performing sector of the sales …
Paragon launches Capstone Cliff Residence in Sheikh Zayed
Project comprises 600 units, will be delivered mid-2021, says head of commercial sector
Castle to launch 2nd phase of New Capital’s Castle Landmark in February
Company achieved sales of EGP 860m in 2018, says CEO
Experimental transport network to connect all New Cairo’s neighbourhoods
Project comprises of 20 air-conditioned buses equipped with latest technology
Al-Sisi instructs painting all red brick buildings with unified colours
Prime Minister ordered governors to begin implementation of decision over several phases
ACUD offers tender for management of solid waste in New Capital
Company liaised with ministry of petroleum to set up first district cooling system in NAC
Palm Hills , Tatweer Misr aim to increase revenues in 2019
85% of real estate sales were for investment purposes in 2018, says Tatweer Misr’s MD
ACUD inks agreement with MasterCard to provide NAC with e-payments
Partnership includes identifying means of managing smart card service, follow-up implementation
France’s Vicat plans to invest €30m in Sinai Cement Company
“With each passing day, we were confident of the return of stability to Sinai”: CEO of Vicat Group
NUCA develops 375 projects with EGP 5tn in four years
Ministry issued 115 ministerial approvals on new real estate projects, distributed over 15 cities during past year, including 23 projects in New Administrative Capital, says Abbas
Newly-established EAMD aims to propose draft law organising real estate marketing sector
Association formed committee to resolve problems of marketing companies
SAK targets EGP 1bn in sales of Sueño project
Company managed to market 30% of project in 2 months
Edge Holding records EGP 1.2bn in sales of two phases in OIA project
Company plans to direct EGP 300m in project’s investments in 2019
Developers at IPS Egypt see real estate sector is generator of economy
Egyptian market is very unique thanks to huge demand: Abbas
Real Estate Development Chamber, DLD sign cooperation protocol to promote real estate investment
Partnership aims to exchange expertise on several levels between two countries: Tarek Shoukry