Latest in Real Estate Highlight
Latest in Real Estate

Real estate market is in correction process, filtrating companies: developers
Egypt’s real estate sector directly contributes 18% to total GDP, 24% indirectly

NUCA to launch third phase of partnership projects early next year
EGP 7.8bn of sales achieved from offering 5 skyscrapers in New Alamein city, says Abbas

Emirati real estate companies believe in strength of Egypt market
Companies plan to infuse further investments in promising Egyptian market in near future

MBG to complete marketing of Pukka project in New Capital by end of 2019
The company plans to participate in several foreign real estate exhibitions to promote sales for foreigners

Akam Developments targets EGP 1.2bn in sales from Scenario project
Company plans to invest EGP 4bn in Scenario project, New Administrative Capital

Misr Italia directs EGP 9bn in Vinci project New Capital
The projects are Kai Sokhna, Kai Sahel, La Nuova Vista, Cairo Business Park, IL Bosco and Vinci.

Egypt real estate goes global: first stop London
Government keen to advance plans to export real estate to promote Egypt’s already surging property market, attract foreign investment into vital sector of country’s growing economy

ECB supervises implementation, management of projects with EGP 28bn investments
Bureau plans to have businesses in very promising African market, with high growth rates, huge business volumes

Second edition of GeoMEast 2018 to kick off on Saturday with participation of 650 experts
Forum will maximise output of national projects implemented by Egyptian state, including Suez Canal axis area, New Administrative Capital, New El Alamein, national roads, says CEO of SSIGE

Wadi Degla to deliver Tijan Maadi project within a year
Company developing 19 projects, implementing 32,000 residential, tourist units

MG Developments launches 1st phase of HQ project worth EGP 1bn in New Cairo
Company began construction on its first commercial, administrative project, says Metawee’

Real estate exhibitions excellent opportunity for developers to gather in one place: RIPE Investment Adviser
Taking care of Egypt’s tourism sector will significantly boost real estate industry, says Darwish

Marseilia Group achieves EGP 1bn in sales end-October
Company targets sales of EGP 3bn in 2019, says chairperson

El Mostakbal to offer 1000-feddan mixed use project in city beginning 2019
Company intends to complete contracting on three phases, one, three, four by mid-2019, says chairperson

EGP 1.5bn of Zahya project’s sales in just three days
First phase sold out, reservations will be opened for sales in second phase as soon as possible, says CEO

1.8m cases of encroachment on agricultural lands: MP
45% of real estate units in Egypt are not registered, says Watany

Elite to launch two projects in Administrative Capital, New Cairo in 2019
Company marketed 70% of ‘Core’ project, says CEO

Equity to develop new residential project in New Capital on 53 feddan
Company building modern commercial project in New Cairo, with 60 commercial, administrative units

New Aswan city authority spends EGP 3.5bn in developing district
Entire city to be completely developed by 2050, says city authority head

ARDIC showcases Leeway in Zizinia El Mostakbal during Egypt Gate Expo
During exhibition, company provided several offers, payment plans lasting for 7-8 years

PACT earns EGP 1bn in sales of North Coast’s White Bay
Company plans to launch projects in Red Sea, New Cairo soon, PACT’s chairperson said

Al Ahly achieves EGP 5bn in sales end-October
Company launched The RIDGE project with EGP 2.5bn investments

Mortgage finance fund, best answer to overcome deceleration in real estate market: developers
Next year will witness major changes in real estate market, focused primarily on categorising serious, committed developers, capable of managing variables imposed upon them during next stage

Inertia Holding earns EGP 4bn in Jefaira North Coast project sales since launch
Company developing another enterprise in Sahl Hasheesh, bay located in Egypt’s Red Sea coast

Master Group invests EGP 3.5bn New Capital’s ‘The City’ project
Company completed project marketing by end of October, says sales manager

New Mansoura Marina to be opened in 2020 with 1000-yacht capacity
Implementing first phase of New Mansoura City costs EGP 45bn

City Edge targets EGP 1bn in sales from Zahya project in 3 months
Company showcased project’s first 2 towers in Cityscape Global, received several positive comments

MNHD revenues increase by 20.4% to record EGP 2.05bn for 9 months of 2018
Company’s solid top-line growth is result of number of encouraging forces coming together, says CEO

EGYPT GATE EXPO opens Wednesday, includes 25 real estate developers
Realty fairs increase real estate projects sales, rejuvenate market, identify client needs

Real estate developers demand infrastructure, airports, launching body to export real estate
Government must form national committee to study foreign client’s needs, says Badr ElDin