Latest in Real Estate Highlight
Latest in Real Estate
OUD launches first phase of J’noub project, achieves EGP 600m
Company obtained project’s ministerial approval
Palm Hills, Asten College Schools collaborate to develop international school for EGP 435m
The school is set to be launched by 2020 and accommodating approximately 2,800 students.
Elsewedy Development intends to acquire land in New El Alamein
Company close to receiving lands in Sadat, 10th of Ramadan cities, with a total area of 5.4m sqm
Subletting social housing units still incessant
Daily News Egypt received some complaints from unit’s owners, noting that the subletting of the units is still incessant. Some owners are offering up their properties to workers and families at prices ranging from EGP 700-1,000 a month.
International construction companies express optimism about Egyptian market, eye partnership opportunities
Exhibitors from 24 countries showcased the latest technologies for the country’s $335bn worth
Exhibitors from 24 countries showcased the latest technologies for the country’s $335bn worth construction market market
Real estate developers discuss sector development, attracting foreign investment funds
Government holds discussions with some foreign investment funds, but fears exist of decline in price of local currency, says housing minister advisor
Deceleration anticipated in real estate sector by developers
Dynamic changes happening in market, says Abla Abdel Latif
Upturn to launch service project in Fifth Settlement in Q1 2019
Project’s expected sales reaches EGP 800m, says vice chairperson
Thiqa markets 60% of TREEX exhibition in Sharjah
Meanwhile, he added that the exhibition targets the participation of 50 Egyptian investment, marketing, and finance companies, as well as banks, noting that contractual sales exceeding EGP 1bn are expected during the exhibition’s events.
PACT obtains EGP 120m loan from Arab Investment Bank
Loan targeted towards financing PACT’s White Bay
‘The Big 5’ exhibition boosts flow of FDI into Egypt’s construction sector
The Daily News Egypt sat down for an interview with Heijmans, the transcript for which is below, lightly edited for clarity
We have nothing to do with Muslim Brotherhood companies: Tatweer Misr
Tatweer Misr for Touristic Investments and Land Reclamation Company said that it has nothing to do with Tatweer Masr Real Estate Company whose funds are seized by the Inventory, Seizure and Management Committee of Muslim Brotherhood Funds.
We have positive outlook for Egypt’s real estate sector: Alabbar
Opportunities available because Egypt considered promising country to invest in, says Emaar chairperson
Emaar, Misr El-Kheir sign protocol to develop ‘Boyout El Kheir’ project
The cooperation is under the supervision of Ministry of Solidarity and the first phase includes developing 1000 units and providing 500 projects for low-income families.
EGP 2bn sales of Pukka project in New Administrative Capital
Project being built over four phases with investments of EGP 4bn
No withdrawals from New Administrative Capital project: ACUD spokesperson
No new real estate developers asked to withdraw from the New Administrative Capital project, according to Administrative Capital for Urban Development (ACUD) spokesperson Khaled El Hosseini. El Hosseini told Daily News Egypt that the ACUD did not receive any requests to withdraw from developing the land in the capital except for Novus Stanza Properties. El …
New Cairo City Authority to offer land for investors: Saad El-Din
Budget for New Cairo City includes EGP 8bn for housing projects for all community segments
Cairo Capital to launch first phase of Infinity project next month
Brickzey exclusively markets IL Mondo project for El Eman Construction company
IPS exhibition to kick off in its first debut in Egypt next month
The exhibition includes 35 exhibitors, whereby Egyptian companies will constitute 80%, besides
EGP 2.5bn expected sales of Nile Property Expo 2018
Expo being strongly promoted with advertising campaign worth AED 2M, Says Chairperson
Tatweer Misr plans to develop 500 feddans in Sheikh Zayed
EGP16BN IL Monte Galala’s investments, 2,700 units sold out thus far, Says Managing Director
PACT studies developing residential, commercial projects at New Administrative Capital, West Cairo
Company marketed 40% of project, Says President
Projects studies developing two real estate projects in New Cairo, Sixth of October
EGP 10BN investments of Blues Tiffany North Coast Project, Eg 2BN expected sales by Year-End
Al Ahly directs EGP 1bn in projects’ construction works
Daily News Egypt sat down for an interview with Sabbour, whereby he said that his company aims to achieve EGP 6bn sales in the current year
27 companies receive lands in MU23 at New Administrative Capital
16 banks receives plots of land in business district out of 30 banks
New Cairo City Authority allocates EGP 34m to raise efficiency of 187 residential buildings in Fifth Settlement
Saad El-Din said board set priorities for its plans to preserve splendour, beauty of New Cairo
EGP 16bn for services’ development of New Cairo City in FY 201/2019
Budget includes EGP 8bn for housing projects, EGP 4bn for development of road networks
Tatweer Misr signs MOU with Kerten Hospitality to bring boutique hotels to Egypt
Agreement will launch two hotel brands catering to diverse set of travellers across IL Monte Galala in Ain Sokhna, Fouka Bay in North Coast
Housing ministry launches New Garden City as administrative capital on 1,000 feddans
Architectural style to be followed in implementation is old French style
Real estate tax participates in improving services provided to citizens: Real Estate Investment Division member
Alaa Fekry, member of the Board of Directors of the Real Estate Investment Division at the Federation of Egyptian Chambers of Commerce (FEDCOC) said that applying the real estate tax on units exceeding EGP 2m under specific conditions is a good and balanced tool to increase state resources without harming low and middle-income citizens. Fekry …