Latest in Real Estate Highlight
Latest in Real Estate
GAIA, adding value to a comprehensive seaside experience: Sabbour
60% of Egyptians enjoy the North Coast for an entire month a season, says Sabbour
Fouka Bay’s design accommodates a variety of housing options: Tatweer Misr
51% of vacationers consider the North Coast a more attractive spot than any other beach zone in Egypt, Ahmed Shalaby, CEO and managing director at Tatweer Misr told Daily News Egypt.
Developers urge government to announce comprehensive development plan for North Coast
Developers are waiting to turn the North Coast area into a permanent residence to begin developing service projects, whether commercial, medical, or educational, which require a high population density to ensure their operation throughout the year instead of just the summer months. Despite the long extension of the North Coast, the largest proportion of its …
Egypt’s real estate projects in coast areas have potential to be exported
Coastal areas such as Ain Sokhna, North Coast meet needs of European customers
Turing New El Alamein into primary home in full swing
The New El Alamein project is characterised by a unique location, as the government pays great attention to the project’s development and its infrastructure. The New El Alamein City project is one of the “fourth generation” of new cities that Egypt is building. Its infrastructure will be eco-oriented. It will stretch over an area of …
Marseilia Group launches mini-stadium on beach for first time in northern coast
We wanted to change North Coast Map with unique projects with Egyptian hands,international expertise
Your guide to most glamorous summer destinations in Egypt’s North Coast
The North Coast of Egypt has become one of the hottest spots for domestic and international tourism development in Egypt. Therefore, Egyptian real estate developers compete to launch new luxury projects in that area with more services and facilitates to attract clients who would like to enjoy the warm and sunny weather and prefer crystalline …
Egypt’s support for real estate export enriches foreign exhibitions: Event Gate chairperson
Plan to organise group of external exhibitions in partnership between Thiqa, Event Gate
Rofaida negotiates acquiring 30 feddans in North Coast
Rofaida Real Estate Group plans to develop a new seaside project in North Coast on 30 feddans during next year, according to Ramy Abdel Aziz, assistant to the chairperson. Abdel Aziz said that the project will be developed in a partnership and the company is preparing the project’s feasibility study for it. He noted that …
GEC launches Ramla North Coast project with EGP 12bn investments
Project will be implemented over six years, says chairperson
ROI negotiates with developers to manage multi-activity projects with investments of EGP 2.5bn
Company working on income property activity through managing investment portfolios for customers
Al-Hayah to develop 200-feddan project in Matrouh
Company begins marketing Al-Hayah Gardens in North Coast this month, to be delivered by end of 2019
ETF discusses submitting memorandum to Finance Ministry to reconsider real estate tax calculation
Law subjects workers, service establishments to tax, says Rady
Issuing executive regulations law for residency in return for property purchase within a month
Head of the Real Estate Development Chamber in the Federation of Egyptian Industries, Tarek Shoukry, said that the executive regulations for law regarding granting residency for foreigners in return for property purchase, is being developed and will be issued within a month. Shoukry added that the law provides for foreign clients the right to stay …
Brickzey exclusively markets Perla project in Sixth of October
Project includes 100 units, expected to be sold out within months
Upturn Real Estate Development to deliver Upmood project next year
Company sold 30% of its units for Egyptian expatriates, Arab clients
Atraba Holding to launch medical city in Egypt with $1bn investment
City will be built on an area of 500,000 sqm, planned to be biggest medical city in world, says chairperson
Government’s middle-class housing met needs of 50% of local market
Saudi Arabia is a promising, attractive investment market, say developers
Madinet Nasr Housing and Development achieves 165% in y-o-y net income in Q2 2018
Madinet Nasr Housing and Development (MNHD), a leading urban developer in Egypt, achieved a significant increase of consolidated net profit year-over-year (y-o-y) by 165% to reach EGP 274.5m in the second quarter (Q2) of 2018, up from EGP 103.5m in Q2 2017, the company announced on Saturday. MNHD’s revenues witnessed a 61.2% increase y-o-y to …
More than 100 residential units, retail stores delivered in Porto New Cairo
Project stretches over an area of 55,000 sqm, features lakes, water fountains
ACUD launches competition for engineering consulting offices to design government, financial districts
The Administrative Capital Company for Urban Development (ACUD) has announced on Thursday the launch of a competition for engineering consulting offices to participate in the development of proposals and new ideas for the designs of squares and streets in the government and financial districts of the New Administrative Capital. ACUD aims to create a distinctive …
Housing Ministry to establish social housing units with green building technology with EGP 2.5bn investments
The Ministry of Housing signed an ongoing cooperation protocol with the Arab-Italian coalition for green building, Spark Concord for trading and construction and Master Com Holding Group, for establishing social housing units with the highest standards of quality and efficiency of green buildings in alliance and in cooperation with the Italian Schnell company with investments …
150 real estate companies produce only 25,000 units annually, profit margins do not exceed 20%: EBA vice president
High land prices constitute 40-50% of project’s cost, says Fawzi
Real estate prices in North Coast hike between 15-35% in second half of this year
Rent prices in North Coast increased to reach EGP 6,000 per night
Real estate taxes stir controversy among property owners, industrialists
The topic of real estate taxes is one of the topics that have witnessed great controversy during the last period due to the refusal of the manufacturers and owners of the units to pay the taxes, calling on the government to cancel or postpone them. Hence, the Federation of Egyptian Industries and the chairperson of …
New Administrative Capital, Ain Sokhna highest in demand growth: Propertyfinder
The New Administrative Capital is on the list of the real estate areas in largest demand for the first time, according to Propertyfinder’s report on the first half (H1) of 2018. The report said that the demand for the New Administrative Capital’s projects has registered a strong demand among other real estate projects, which is …
Third Millennium studies developing residential project with $170m investments
Project will be developed in partnership with local investors and financed by Egyptian, Saudi banks
Egypt’s residential market sees shift from secondary to primary sales in Cairo: JLL
Investor confidence boosted by strong performance across most sectors of real estate market in Q2
ECB supervises implementation of sanitation projects in Giza, cost exceeds EGP 6bn
ECB is designing, supervising implementation of a number of infrastructure projects in Madinaty, New Cairo, Giza, 6th of October City
City Edge Developments completes 40% of commercial area of North Edge Towers in New Alamein City
City of New Alamein is projected to attract an estimated 3 million Egyptians following delivery of its first phase by year 2030