Latest in Real Estate Highlight
Latest in Real Estate
The New Administrative Capital—a real estate project and seat of government
The new administrative capital is one of the most prominent projects of the current regime. And it is one that sees continuous oversight by the presidency since it was announced at the economic summit in Sharm el-Sheikh in March 2015. The project witnessed several changes, which were supposed to be developed by the government in …
Housing Ministry supports the real estate sector within a comprehensive plan for economic reform: Madbouly
Ministry provides units and land for all income segments and meet the demands of developers according to various investment models
Cabinet approves a supplementary phase of Beit AlWatan project to attract more remittances: Housing Minister
Minister of Housing Mostafa Madbouly announced the approval of the Cabinet in its meeting on Wednesday on the ministry’s request to extend the Beit AlWatan project, in New Cairo, through an additional phase in new cities to attract and receive more remittances from Egyptian expats. Further, Madbouly noted that the cabinet approved also providing a …
EGP stabilisation aids in raw material prices’: OMSI CEO
Rates of increase in the prices of raw materials after the flotation are less than the period before the flotation, says Akkary
TREEX organises 3 real estate exhibitions in Upper Egypt
Real estate exhibitions are limited to the governorates of Cairo and Alexandria, says TREEX chairperson
Al Dau to inaugurate its first residential project in Giza in coming months: marketing director
Real estate developer Al Dau Development, a member of Sami Saad Holding, has continued its implementation of its two projects in real estate development, Al Dau Heights and Al Dau Strand, both located in Hurghada with investments exceeding EGP 2bn. In late August, Al Dau celebrated delivering the first phase of Al Dau Heights by …
NUCA receives offers to pay for distinct lands in New Cairo and Sheikh Zayed in cash
Plot price registers EGP 6m
Memaar Al Morshedy to launch new university in New Cairo
Memaar Al Morshedy Group started the construction works of an Egyptian university on 27 feddans in Fifth Settlement, New Cairom which includes seven different colleges using the latest technological means, according to a press statement on Saturday. The statement noted that the university is interested in the future of architecture in Egypt. The Memaar Al …
MCR applies to purchase 110 feddans in New Administrative Capital
Modern Company for Construction and Real Estate (MCR) is seeking an area of 110 feddans in the New Administrative Capital and applied for acquiring lands, according to Mohamed Abdel Mohsen, chairperson of MCR. Abdel Mohsen told Daily News Egypt that MCR plans to pump EGP 1bn in the construction of its projects during the coming …
Oscar Misr to hand over new project in Beit Al Watan by 2020
The company targets acquiring separate land plots in Beit Al Watan to launch the new project, says Beheiry
Can Sakan Misr projects succeed in resolving housing price hikes?
The delivery of housing units to citizens will be within two years: official
The state is crucial competitor to real estate developers: Sabbour
There is a challenge with the low purchasing power of citizens, says MP Abdel Ghany
Orientals for Urban Development launches tourist resort in North Coast
The project offers units with areas that are less than 80 sqm in area, says OUD’s managing owner
Third Millennium studies launching real estate project in 6th of October City
Third Millennium is interested in developing projects in partnership with the Ministry of Housing, says chairperson
Sakan Misr procedures prove easier than those of social housing project: applicants
The project includes 40,000 units with areas of 115 sqm per unit
TREEX targets 1.7 million clients in 2017: chairperson
TREEX 2017 expects more than 20,000 visitors to attend the four-day event, says chairperson
KENZ Compound to be delivered in 2019: First Group chairperson
First Group has agreed with the Housing and Development Bank to finance the units that have been completed for the customers, says chairperson
ARDIC achieves 45% sales of Zizinia El Mostakbal
The company plans to invest in New Cairo and Upper Egypt and to develop a partnership with NUCA in developing other areas, says CEO
Madinet Nasr for Housing & Development posts 246% hike in H1 net profit
Delivered units totalled 146 units in H1 2017, EGP 2.5bn in contracted sales
Concept Real Estate sells 90% of Siela North Coast first phase
The sales of the second phase of the Siela North Coast registered 70%, says Concept chairperson
Live in El Mostakbal City starts in 2020: Nasif
EGP 3bn is the total value of the facilities and contracts until the end of the current year in El Mostakbal city project, says the chairperson of El Mostakbal for Urban Development
109% increase in demand on North Coast within 7 months
The demand on the North Coast is roughly more than the demand on Fifth Settlement in New Cairo, says Hammad
North Coast, Ain Sokhna property to become first home in long run
By the end of this year, Abraj Misr expects an increase in market prices ranging about 35%, says CEO
Investments of Hyde Park’s Coast 82 in North Coast worth EGP12.5bn
Hyde Park has pumped EGP 15bn worth of investments in 2017 alone, says CEO
10%-25% discounts at Akari-Al-Ahram Real Estate Exhibition on residential, commercial units
The exhibition was held under the patronage of the Ministries of Housing and Local Development, with the participation of major developers and real estate companies
Al Oula to finance 250 clients to buy social, middle class housing units
Al Oula to pump EGP 350m in Q1 2018, says chairperson
Delivering fourth phase of Wahat El Ryhan in 2018
Real estate market prices will increase 10% to 20% by the end of the year, says Egyptian Engineering for Development chairperson
State displaced Warraq tenants not for land recovery, but for selling land to investors: residents
We are not squatters, but we pay the government in return of utilities and services, says tenant
Compensation Law rescues 5,000 construction companies from bankruptcy: Egyptian Federation for Construction
Sahl Al Damrawi, member of the Egyptian Federation for Construction and Building Contractors, said that the issuance of the Compensation Law saved more than 5,000 construction companies from bankruptcy and the laying off thousands of workers. Al Damrawi said that these companies were challenged with the rise of all prices of building materials, which have …
Cost of Al Dau Development projects jump 50% after flotation: Hefz Allah
Al Dau Development expects initiating Al Dau Strand project by the end of 2017, says Hefz Allah