Latest in Real Estate Highlight
Latest in Real Estate

MNHD achieves pre-sales of EGP 5.5bn in 2018
Company delivered 788 units, keeping its promise to deliver units on time: El Hitamy

Real Estate Development Law to be issued within five months
Real Estate Tax Law has been approved, will be issued within 1 month

Akam Developments achieves EGP 1.7bn in sales from Scenario project
Company plans to develop 2 ventures in New Administrative Capital, says sales director

Dubai Land Department participates in IPS
The Dubai Land Department (DLD) will participate in the upcoming International Property Show (IPS) in Cairo, in the period from 10 to 13 January, under the auspices and presence of Prime Minister Mostafa Madbouly. Also, the DLD will participate in IPS Jeddah, Saudi Arabia, which will kick off on 17 January and will last for …

Ammar launches ‘Beit Ward’ residential project in West Cairo
Second phase will be launched for sale in the second half of 2019

ACUD confirms continuity of negotiations with Emaar to acquire 1,500 feddan
Development in 1st phase of Capital being swiftly finalised compared to available time

Elite completes EGP 300m sales for developers in 2018
Expected increase in demand for commercial, administrative units in 2019, says Eltabakh

Sorouh earns ministerial consent for Entrada project in New Administrative Capital
Project will include residential buildings on areas ranging from 120 sqm to 220 sqm at prices starting from EGP 8,800 per sqm, with payment installations over periods of up to 10 years

City Edge achieves EGP 11bn sales in 2018
Company concluded EGP 8bn in sales of New Alamein’s skyscrapers

Real estate developers, experts pose more mergers, acquisitions in market in 2019
Entity solider stronger than sole entity; cost of project’s building in ensemble remains cheaper

Property developers calls for state mechanism to provide mortgage finance with interest rate commensurate with citizens’ income
Contractors call for fund with 2% interest rate; critical of state’s entry into luxury housing market

First real estate exhibition held in Egyptian embassy in Oman
Initiative achieved positive results, sped up process of promoting Egyptian real estate export: Hegazy

200 companies acquire lands at New Administrative Capital: Abdeen
ACUD is considering offering land in partnership system with developers

First Group plans to achieve EGP 1bn sales in 2019
Company will launch two projects in Ain Sokhna, North Coast next year

Cityscape Egypt holds business breakfast to discuss investment future in Egypt
Event will be on 14 January for debate, discourse, information exchange to address 2019’s most pressing real estate issues

Amlak Property Show starts on Friday
Amlak Marketing Consultant is organising the Amlak Property Show on 21-22 December in the Sixth of October City.

ACUD in talks with Korean companies on developing Administrative Capital’s CBD
Company confirms suspending negotiations with CFLD, but Chinese embassy says negotiations are progressing smoothly

Hyde Park injects EGP 4bn investments in 2018/19
Company has delivered 480 units in 2018, says Serag

First Group directs EGP 300m in Kazan Plaza mall
Company targets achieving EGP 800m in sales of Kenz compound, says Mostafa

Diarna targets EGP 1bn sales for developers by year-end
Company to establish a new branch office in Dubai next year, says head of projects

Aqar Misr launches its first project in New Administrative Capital on 20 feddans
Project’s target revenues estimated at EGP 2bn, says general manager

Egypt is first Arab country to hold IPS after UAE
Egypt comes at top of countries with highest return on investment in real estate market, says Farghal

Real estate companies target new customers, support property exports by participating in foreign exhibitions
Sorouh, La Mirada, MBG, Sky Bridge, Valori Real Estate, most prominent participants

Al Sedek Real Estate studies business launch in New Administrative Capital
Current company’s investments exceed EGP 600m

Yafa Mac delivers 600 units of Emirates Heights in current year
Company plans to complete delivery of project’s remaining units during 2019, says Haggar

Sky Bridge launches second phase of Jebel El Sokhna Resort in TREXX exhibition
Company aims to further its sales abroad, open new markets by attending foreign exhibitions

EGP 140bn in budget for sanitation, water, electricity services in New Administrative Capital
By end of 2020, New Capital will be ready to receive 34 ministries, 50,000 employees, presidency, parliament

Living Yards launches second phase of ‘The Loft’ with expected sales of EGP 700m
Company completed first phase with EGP 600m in sales, says commercial sector head

Cairo Capital to launch EGP 500m worth Infinity project
Company to launch first phase of project next month with target sales of EGP 300m

Pyramids Developments invested EGP 450m in La Capitale project so far
Company sold approximately 450 units of total 685 units, 10% to foreigners