Latest in Real Estate Highlight
Latest in Real Estate
112,000 acres of 1.5m-acre project to be offered next month: CEO of NECD
Prime Minister Sherif Ismail confirmed that Egypt is willing to offer all kinds of support to put the NECD into action
MNHD to establish housing projects in the Delta in 2018: El Hitamy
First phase of Sarai project to be launched in the last quarter of 2016
Madinet Nasr Housing and Development profits continue with no end in sight
New developments and increased contracted sales drive profitability into 2019
SODIC records net profit of EGP 97m in Q2 2016
New phases in both SODIC East and West projects to be launched in H2
Metropolitan Egypt negotiates with Egyptian Gulf Bank, Banque Misr to provide financing for Enmaa projects
Enmaa needs financing worth EGP10m in the form of letters of guarantee for tenders
Abraj Misr launches new phase of The Shore project in North Coast
The new phase, View 46, is located on 60,000 sqm and includes 500 housing units in a variety of styles, says commercial director
New Avenue, Premier sign protocol for 2-year real estate partnership
The protocol aims for coordination between the two companies in managing real estate investment, says New Avenue chairperson
Upscale supports 4 winning teams in Techne Summit 2016
Upscale launches its project in Egypt with EGP 4bn in investments at Borg Al-Arab
Social housing unit owners protest against interest rate on maintenance deposit
Maintenance deposit is EGP 6,750, reaching EGP 12,000 after interest
ARCO Egypt launches 1st phase of Citystars Al Sahel at EGP 2bn cost
CityStars Al Sahel’s total investments to reach EGP 11bn, to be completed 2019
New Avenue makes EGP 1.71bn deals for real estate investment in recent months
These transactions reflect the return of demand for real estate services, especially administrative buildings, says New Avenue chairperson
EGP 60m in investments allocated for road development projects in Giza
Total investment cost for road projects in Minya governorate amounts to EGP 17.705m
Residents should not expect raw materials for low-cost social housing units to be of best quality: Armed Forces Engineering Authority
Problems or defects should be referred to the contractor, says head of technical office of Engineering Authority
Apartments, villas rented out at faster rate in New Cairo than 6th of October City: JLL
Property owners are forced to accept their payments in Egyptian pounds following the currency devaluation, says the report
Abraj Misr pays EGP 600m out of total EGP 800m for The Gate’s land
A number of bank financing offers for the project are being studied; all details to be announced by late 2016
Burj Global develops New Cairo residential project, invests $70m
The project is situated on an area of 35 acres, says chairperson
Georgia offers 5 real estate, tourist projects to Egypt investors
Georgia calls for housing investments in luxury, middle, and low-income housing, says embassy economic adviser
United for Real Estate Development sales projected to increase by 10% this weekend: sales manager
Sales will hopefully increase to 80% of the available housing units, says sales manager Ahmed Ghamry
EGP 1.2bn in estimated sales of Emtelak’s Garawla Islands since 2014
There are plans to expand investments in Ain Sokhna, New Cairo, and Sheikh Zayed in the future, says El-Emam
ARDIC Real Estate Development aims to invest in national projects: Dwidar
The company presents the first joint programme with AUC to graduate competent individuals for facility management
Parliament to discuss ASA report on land issues next week: MP
Housing Committee to expand control mechanisms on violating buildings, says Abdel Ghani
Azmeel Real Estate investments reach EGP 600m
Selena Bay and Fifth Settlement housing units remain the only projects Azmeel works on, but plans for expansion in the coming years are under development
Egyptian real estate market is the largest in terms of revenues: Housing Minister
Investment revenues are estimated at 25%, no other country has such high returns, says Madbouly
Strong dollar increases chances for real estate stocks to rise supported by strong financial performance
Most real estate stocks have been on the rise over the past four months, recording various high rates. This rise came as a result of the recent economic developments that affected investors and their savings instruments, especially real estate, after the Central Bank of Egypt (CBE) devalued the Egyptian pound from EGP 7.73 to EGP …
Wadi Degla Developments increases total sales worth to EGP 5bn in 2016
Wadi Degla has its sights set on the New Administrative Capital while it continues to focus on developing 17 real estate projects to boost Egypt’s economy
Phase 1 of the ‘Life View’ compound complete, bookings available
IC Group’s under-construction villas in the ‘Life View’ compound are available for booking
Plans to expand investments to EGP 1bn: Ibn Sina sales manager
Personal investments amount to EGP 500m at a time when the real estate sector is flourishing, says Khairy
New flats to be offered at Elite Real Estate exhibition: Shams sales manager
Shams for Real Estate development offers 115sqm to 190sqm flats with hopes that sales will increase in second half of 2016
Amaer promotes Nasr City 2 project in Elite Real Estate exhibition
The project’s 1,600 units are situated on an area of 21,000 sqm, says Soliman
EGP 600m investments in Cassia North Coast project: chairperson
Cassia North Coast compound and 5-star hotel are set to be completed by 2022; Cassia Avenue Mall is accepting requests for renting and contracting