Latest in Real Estate Highlight
Latest in Real Estate
EGP 6.9bn, total investments in 6th of October development projects in FY 2017-2018
The Prime Minister, Mostafa Madbouly and acting minister of housing announced in a press statement on Wednesday, that the 6th Of October City Authority invested EGP 6.9 bn to implement the development project plan in the fiscal year (FY) 2017/2018, which represents 120% of the approved scheme for the city for the FY 2017/2018, amounting …
OUD to launch J’noub project in New Administrative Capital with EGP 3.9bn
Company began implementation of Heliopolis Hills project with investments of EGP 350m
Concept launches third phase of Siela North Coast project for booking
Concept Egypt for real estate has opened the booking for the third phase of Siela North Coast project, according to Chairperson Ehab Abou El Magd. Abou El Magd expects to complete the phase marketing within a year. The third phase of Siela North Coast project includes 250 units out of 600 units of total units …
No new taxes on real estate’s transactions: Moeit
Egypt has no intention to return to imposing death, inheritance taxes, according to Finance Ministry
Dubai tops Egypt to become world’s first global real estate investment destination
Total real estate transactions in Dubai rose by 15% compared to last year, says UAE’s central bank
First offering of New El Alamein towers project’s sales to exceed 65% in short period, says MREC chairperson
35% increase in North Coast real estate prices compared to 2017
Amlak directs EGP 350m to mortgage financing during current year
Company has provided EGP 83m in financing as part of CBE’s initiative for real estate finance in four months
Egypt’s government turns into investing in luxury housing
State decides to retreat from Dar Misr project, unlike Sakan Misr, says report
Hyde Park targets achieving EGP 4bn sales by end of year
Company begins marketing 11 administrative buildings within Hyde Park project with EGP 3bn expected sales
ECA spots construction, land transport violations
The Egyptian Competition Authority (ECA) directed several judicial control missions to the various governorates of the republic, after monitoring a number of violations. Some manufacturers in the construction materials’ sector raised their prices to an extent not justified by market elements, and this may constitute a violation of the provisions of the competition law. The …
Thiqa, UAE’s Event Gate organise TREEX exhibition in Sharjah with EGP 1bn expected sales
Event Gate plans to launch investments in Egyptian market in general, real estate market in particular
Housing Ministry to offer 120,000 social housing units in five cities
Egypt’s Prime Minister and Minister of Housing, Utilities, and Urban Communities Moustafa Madbouly announced on Tuesday offering 120,000 units in five cities within the 10th national social housing project
Marseilia Group to launch commercial residential project in Alexandria with EGP 1.3bn initial investments
Company planning to complete Marseilia Beach 4 project in North Coast by 2021
EGYGAB completes marketing first phase of Granda Life project with EGP 140m sales
Company intends to complete marketing of Granda Life project in Shorouk City next year, expects revenues of EGP 1.2bn
CFLD to launch industrial city in second phase of New Administrative Capital
Negotiations currently underway with Chinese company on price per sqm, percentage of profits
After fuel price hikes, real estate stakeholders demand gradual price increases on unit costs
Experts, stakeholders of market expect increase will reach 25-30%
Second phase of Sakan Misr project sells 6,650 conditions booklets in 17 days: NUCA deputy chairperson
The deputy chairperson of the New Urban Communities Authority for Real Estate and Commercial Affairs (NUCA), Tarek Al-Sibai announced n a press statement on Wednesday that the sales of the second phase of “Sakan Misr” conditions booklets reached 6,650 for 22,244 units, in eight new cities in 17 days, since the reservation opened on 3 …
25-30% increase in real estate prices after fuel price hikes
Member of the board of directors of the Egyptian Federation for Construction and Building Contractors (EFCBC), Daker Abdellah, predicted that the real estate market will witness an increase of 25-30% in prices, following the government’s decision to increase fuel prices. Abdellah noted that unrealistic price increases are expected and are not in line with the …
Marseilia Group to invest EGP 20bn in five years
Company applies for 100 feddans in New Administrative Capital
Hometown launches first project in New Administrative Capital with EGP 1bn initial investment
Project planned to be completed within three years, Hometown managing director says
HCCD businesses to have EGP 15bn value by end-current FY
Company aims to increase business value to EGP 20bn by end-next FY, says chairperson
MNHD to complete marketing Shalya Taj City project by end-2019
Company developed 1.2m sqm of its total land bank, says El Hitamy
Real estate developers use famous faces to compete for Ramadan ads market share
Real estate companies have followed the example of telecommunications companies to use Egyptian and Arab artists to promote their products this Ramadan. The companies competed by featuring stars, including singers and actors. During this time of year, especially in the holy month of Ramadan, real estate companies are often keen to intensify advertisements for their …
New Urban Communities Authority approves allocation of 124 feddans in New Alamein for education sector
University to be established, including academic buildings, student dorms, scientific research city
Orascom Development expects to launch partnership with Housing Ministry in Q1 2019
Company’s undeveloped land bank in Egypt reaches about 25m sqm, says CEO
MNHD studies obtaining EGP 1bn loan to fund Sarai project
Company aims to achieve sales from EGP 5.5-6bn in 2018, says CEO
dmg events to hold The Big 5 exhibition in Egypt’s $335bn construction market
dmg events, an international exhibitions company based in Dubai, said that it will hold The Big 5 exhibition in Egypt from 18-21 September, at the Egypt International Exhibition Centre (EIEC) in 2018. dmg added that The Big 5 Construct Egypt will be the second largest construction show after The Big 5 Dubai. The show’s first …
ACUD completes allocation of second offering of capital’s lands
The Administrative Capital for Urban Development (ACUD) announced that it has completed the allocation of all lands of the neighbourhood known as R7, the second offering in the capital, according to spokesperson Khaled El Hosseini. El Hosseini explained that R7 is on 2,500 feddans and was offered on 17 December 2017, with an average price …
Al-Futtaim expects EGP 3bn in sales from three projects
Company injected EGP 16bn in Cairo Festival City project thus far out of total planned EGP 35bn through 2022, says managing director
DM Developments launches The Groove in Ain Sokhna with investments of EGP 4bn
Company will launch mixed-use project in Fifth Settlement, developing projects in Sheikh Zayed, North Coast