Latest in Real Estate Highlight
Latest in Real Estate
Beta Egypt to invest EGP 400m in projects this year
Company targets achieving sales of EGP 2bn in 2018, says chairperson
Wadi Degla City targets EGP 100m rent revenue from The District project
Company plans to expand project through launching two new branches near Wadi Degla clubs in Alexandria, New Cairo
Cairo Capital Development Company to launch EGP 1.5bn Infinity project in April
Company seeks acquiring 30 feddans in New Administrative Capital to establish luxury hotel apartments
CPC negotiating with SCZone to acquire 2.5m sqm in Ain Sokhna
About EGP 700m of investments to construct on 1.1m sqm in Sadat City
Misr El Kheir, Emaar Misr to sign agreement on housing construction, small projects
Misr El Kheir Foundation is expected to sign a cooperation agreement with Emaar Misr on housing construction and small projects, the foundation’s head of resources development, Amal Mobdy, said on Sunday. Mobdy added that the foundation will also be signing an agreement with Al-Ahly Sports Club, but she did not disclose the objective of the …
Momentum builds behind Egyptian developers at 2018 Cityscape exhibition
Egypt’s prominent developers expected to offer wave of attractive, flexible plans at 7th edition of Cityscape Egypt
Sabbour partners with 3 companies to develop City of Odysia in Mostakbal City
The mixed-use development City of Odysia will be built at an estimated cost of EGP 32bn
Elite to launch project in New Administrative Capital worth EGP 1bn
Elite Real Estate Consultancy is launching a new project in the New Administrative Capital on an area of 14 feddans with initial investments of EGP 1bn, according to Managing Director Ali Gaber. Gaber said the project is scheduled to be contracted with the New Administrative Capital Company during 2018. He added that the project will …
Royal Gate directs EGP 150m to real estate projects in 2018
Royal Gate for Housing Development targets pumping EGP 150m worth of investments in 2018 to develop separate real estate projects in the cities of Shorouk, Madinaty, and New Cairo. The company aims to acquire plots of land in the New Administrative Capital in 2018 to start implementing the first integrated residential compound as well as …
Ammar for building pumps EGP 800m in Sixth of October city
Abeer Essam, chairperson of Ammar for Building, said the company began working in commercial real estate after a long period of focus only on the housing field. The company obtained two plots of land through auctions and prepared to establish commercial malls. Essam revealed that the two commercial malls’ investments reach EGP 800m. She explained …
Hassan Allam Properties acquires 600 feddans in North Coast
Hassan Allam Properties (HAP) announced the acquisition of 600 feddans in the North Coast of Egypt. HAP has previously established a second home resort, SwanLake North Coast. The development’s master plan will include a variety of residential units. Aside from the residential spaces, the resort will include a clubhouse, five-star boutique hotel, commercial hub, water …
Will the government partner small, medium real estate companies?
As the government has recently held partnerships with some developers, such as Mountain View, Arabia Group For Real Estate Investment, and Palm Hills, many small- and medium-sized real estate companies are asking the government to participate in implementing a number of small projects by offering small plots of land to diversify investment opportunities and support …
Your Home Engineer targets investing EGP 200m in several real estate projects
Your Home Engineer company, which began as an initiative, aims to launch a series of projects during the current year in a number of cities near Cairo and cities of Upper Egypt at prices lower by 35% than similar projects, with the projects’ total cost at up to EGP 200m. Mayer Gerges Malak, founder of …
Oscar Misr targets EGP 300m contractual sales in the current year
Company to launch new housing project by end-February
Jumeirah Real Estate markets Jumeirah Golf project in Egypt, expects AED 1bn sales
Company marketed about 60% of units, Egyptian clients purchased about 11% of them
Lower interest rate, expiry of higher certificates to revive real estate sector in H2 2018
Most cash flow available after expiration will be pumped as investment in sector
Al Thiqa organises 11 real estate exhibitions during 2018 with expected sales of EGP 2bn
Al Thiqa Real Estate is organising 11 real estate exhibitions during the current year and expects 30,000 visitors to its exhibitions, which are distributed across a number of governorates on an area of 25,000 sqm. The company targets the participation of a large number of real estate companies in order to stimulate sales. Al Thiqa …
Almarasem Development targets EGP 32bn sales from two real estate projects
Company launches Capital Gate project in New Cairo
Lack of information on land in Egypt leads to wasted resources
Member of the housing committee of parliament Mohamed Khalifa said that the lack of information about land in Egypt leads to the loss of resources in the process of providing services for construction, and that the creation of a land pricing law will enhance the process of funding which depends on the availability of information …
Capital Real Estate establishes new company to market administrative, commercial projects
Capital Commercial begins activities by marketing two projects in New Administrative Capital, Sixth of October
11m real estate units in Egypt vacant: MENA for Development Consultancy
Fathallah Fawzy, chairperson of Mena for Development Consultancy, said that vacant real estate units in Egyptreached 11m, 40% of them within the old rental system, while the percentage in cities close to Cairo does not exceed 15-20%. Meanwhile, 10 Tooba for Applied Research on the Built Environment said that there are 6.409m total vacant units …
New land offerings to be announced in March: minister
Over next 3 years, New Alamein will be among most important tourist destination, says Madbouly
Porto Group sales to reach EGP 3.4bn in 2018: report
Company cash dividends expected to decrease in coming years
NUCA, HDBEG join forces to introduce City Edge Developments
Mostafa Madbouly, minister of housing, utilities, and urban development, attended the launch of the newly established City Edge Developments that revealed the company’s unique and distinctive vision in penetrating the real estate market. City Edge Developments, a partnership between the New Urban Communities Authority (NUCA) with 60%, the Housing and Development Bank (HDBEG) with 38%, …
Transfer of 3.1m sqm of land in Sadat City to Industry Ministry: housing minister
Small industrial units exempted from payment of delay penalties in case of paying all dues within 4 months from date of advertising in newspapers
Financial gaps pushes real estate developers to seek new finance channels
Financing gaps have not decreased with all the payment facilitations offered by real estate companies, but they have increased because of companies’ decline in sales.
18,061 social housing units offered for workers abroad in 11 governorates
The Ministry of Housing announced offering 18,061 units, as part of its social housing project, for Egyptians working abroad in 11 governorates, at prices ranging from EGP 175,000 to EGP 250,000, to be paid in dollars. Mai Abdel Hamid, head of the Mortgage Finance Fund (MFF), said, at a press conference held by the ministry …
2018 will see end of 351 areas dangerous to lives of Egyptians: deputy housing minister
All Maspero landowners chose partnership with state except one company
Government invests EGP 58bn in housing, utilities projects: minister
The government‘s investments in Upper Egypt projects reached EGP 58bn, distributed between housing, drinking water, sanitation and utilities projects, according to Minister of Housing Mostafa Madbouly. Madbouly added that there is a strong focus on the implementation of treatment projects, and that the vast majority of the three sewage treatment plants will be implemented and …
First Group to launch two malls in Sixth of October in February
Fourth phase of KENZ Compund being developed on 120,000 sqm, says Mostafa