Latest in Real Estate Highlight
Latest in Real Estate
Real estate companies exposed to failure within 10 years: Esmaar CEO
The real estate companies are exposed to failure within 10 years without keeping pace with technology in the sector, said Mohamed El Husseiny, CEO of Esmaar Company. Recently, there are various different real estate technology tools that will achieve a boom in the sector. Real estate marketing companies have managed to be more than just …
New Administrative Capital Company raises land prices for real estate companies
Price expected to reach EGP 4,000 per sqm
Redcon set to establish 100 clinics, hospitals in 3 years
Revenues from selling clinics complex unit expected to reach EGP 300m: Ashry
“Urban communities” increase investments in “administrative capital” to EGP 10bn
Madbouly is offering foreign companies to participate in developing projects in new cities
Hill International provides technical support for third line of metro
The company is seeking to manage projects in the New Administrative Capital, says Hill International regional manager
Memaar Al Morshedy main sponsor for TREEX exhibition in Assiut
Memaar Al Morshedy plans to establish a residential city in Assiut, says Assiut branch director
Oscar Misr to launch mini compound in New Cairo with investments of EGP 40m
The company will hand over its first projects in Shorouk City within two months, says Beheiry
A consortium to finance Zizinia El Mostakbal with EGP 500m
The Suez Canal Authority approved providing 6m sqm for the development of an industrial project in the Suez Canal area, says Dowidar
On World Cities Day, 26m Egyptians live in informal areas: urban activist
There are 252 unsafe slums in Egypt, which include one million people, says Amin
Flotation led to 40% price hike in real estate units’ prices
Projects’ implementation cost rose by 50% since November 2016
ECETA to operate commercial mall in New Cairo in April with investments of EGP 600m
The company aims to contract with 10 new customers next year, says ECETA head
Al Ahly to implement villa project on 144 acres in Sheikh Zayed
Al Ahly’s project in El Mostakbal City will include a medical part, entertainment activities, and dolphin lakes for the first time, says Sabbour
City Line to launch new 25-feddan residential project in North Coast
The company will launch a project in the 6th of October City with investments of EGP 1.881bn, says CEO
Real estate sales fall by 40% in Q1
32% discount on the paying unit’s price in cash, says Salama
SECON signs 6 new contracts for its first projects in the administrative capital, Al Riyadh SECON
SECON will pump about EGP 4bn as initial investments in its project in Administrative Capital
Adding new floors decision represents an additional income for companies
The decision regulates the process and limits the violations in buildings, says consultant
Karma Developments launches two projects with investment of EGP 160m
EGP 60m in expected sales during Q4 of the current year, says Karma’s general manager
The New Administrative Capital: from far-fetched idea to reality
Since the Egyptian government announced in the Egypt Economic Development Conference (EEDC) its intention to launch a new capital city (called: New Administrative Capital) in Sharm El-Sheikh on 13 March 2015, the has been a public outcry that accused the government of launching a media crackdown and building imaginary success based on a far-fetched idea …
Elite aims for sales worth EGP 1bn in 2018, up by EGP 400m
The company will market administrative and medical projects in New Cairo and Maadi, says Eltabakh
Real Estate Development Chamber receives complaints on applying VAT on administrative, commercial projects in violation of law
Applying VAT on rented administrative and commercial units violates the law that exempted these units from tax, says Shoukry
Uninhabited units deprive state economy of EGP 3tr: EFCBC member
There are at least 10 million unused and uninhabited real estate units, says Abdellah
ARDIC injects EGP 1bn in Ziznia El Mostakbal in 2018
The cost of carrying out the Ziznia El Mostakbal project increased to EGP 3bn after the flotation of the pound, says Dowidar
First Group to launch project in North Coast next year with investments of EGP 4bn
Completion of the first phase of the North Coast Project in 2021 with a total of 800 housing units
Real estate prices is a mirror for the inflation: Colliers International
Real estate prices will still go up due to the inflation that came as a result of the currency devaluation, according to Regional Director at Colliers International Middle East and North Africa Ian Albert. Colliers International is a global commercial real estate company. In an interview with Daily News Egypt, Albert said that the there …
NUCA offered 12,000 feddans within a year: Housing Minister
The increase in land prices and interest rates are the main challenges facing the sector, says developers
Housing Ministry completes draft amendments for non-falling building demolition, heritage building preservation law
The Ministry of Housing announced completing the draft amendments for Law No. 144 of 2006 regarding the regulation of demolition of non-falling buildings and preservation of heritage buildings. Minister of Housing Mostafa Madbouly said that the draft law will be sent to the cabinet within days for discussion and approval, and then sent to Parliament. …
Barons Court launches new hotel in Alex West project with investments EGP 300m
Barons Court achieved profits of EGP 59m last year, says managing director
Concept to complete selling Siela North Coast second phase in 2018
The second phase of Siela North Coast sales reached 65%, says Concept chairperson
Construction prices increased by 35-40% after devaluation of EGP: developers
The supply of real estate units in only 6 months is equal to the supply in previous10 years, says Ismail
Egypt’s real estate sector undergoing transformation: SODIC managing director
Higher land prices create more partnerships among developers