Latest in Real Estate Highlight
Latest in Real Estate
Themar to put Mohandiseen medical centre project up for sale after Ramadan
Blue Pearl El-Alamein’s marketing phase will be launched within two weeks
Housing Ministry agrees to extend money collection period for Dar Misr project until October
NUCA board has approved granting sports clubs a two-year deadline for completion of extraction of remaining licences, says minister
Size of reclaimed land contracts at 14,500 feddans in 2014/2015: CAPMAS
The agency stated in its annual bulletin issued on Sunday that the decline in reclaimed land is caused by the reduction of cooperative societies provisions of reclaimed land
Orascom Construction achieves net income of $23m during Q1
Orascom Construction witnessed a growth of 296%
MNHD registers 176% increase in revenues with 7,600 units under development
Revenue growth continues to be driven by unit sales in MNHD’s various projects as well as unit deliveries at the company’s Tag Sultan development, with a deliveries target of 450 units for 2016
Wadi Degla begins construction work on Neopolis project with investments of EGP 14m
Neopolis project is a housing compound with commercial and entertainment services, says CEO
Housing Ministry launches rent system within social housing projects
Financial support will be also provided to the beneficiaries of the rent system, says MFF head
ERA Commercial Egypt achieves EGP 250m in Q1 2016
The total investment of logistic projects amounts to EGP 2.4bn in 2016, says ERA Commercial Egypt CEO
Al-Juwisry in negotiating with Housing Ministry to launch real estate projects
The group will invest $800m into different projects through self-financing
High demand for high-quality commercial real estate in Egypt
Pyramids Heights, Smart City and Cairo Festival City (CFC) are successful schemes in Egypt, says CBRE Middle East managing director
El Mostakbal to meet real estate developers to answer inquiries on upcoming bid
The meeting will be held for the purpose of responding to the companies’ inquiries for the development of competitive investment plans and strategies with more stability and accuracy, company chairperson Essam Nassif said
242 private companies participate in first phase of social housing project
If companies refrain from buying lands in the NUCA’s auctions, the ministry will reconsider the prices, says Housing Ministry employee
Al-Futtaim real estate plans to sign EGP 1bn in contracts in 2016
The company will not participate in the New Administrative Capital or any tourism projects
Stella Di Mare 2 project achieves 20% sales in two months
Remco targets a net profit of EGP 1bn for the Stella Di Mare 2 project, says CEO
EBA, Housing Ministry plan meeting to discuss real estate investment in Egypt
Partnerships between the government and private sector developers remains inadequate, says EBA member
Egypt, UAE discuss cooperation in real estate projects
Sheikh Hamed Bin Zayed Al Nahyan assured the UAE’s interest in participating in the Sinai Development Project
Real estate marketing companies expect 25% to 30% increase in prices
Prices cannot be brought down; it is possible they could stabilise but they will likely continue to increase, says 8 Gates CEO
Cityscape Group to conduct trade exhibition after Ramadan
The real estate company introduced between 20 and 30 new company booths at its recent Cityscape Egypt 2016 trade exhibition, including booths from Maddar Development and Pact, says director of Cityscape Group
ERA launches real estate education programme
The SkillBuild/Bena programme aims to promote awareness and knowledge of the real estate industry, says founder
Real estate company partnerships to overcome high land prices, construction costs
Partnership with other companies to develop projects is the best solution until finding alternatives to the fund development on expensive land, says SODIC CEO
Arab Union for New Urban Communities to build 30,000 residential units
Egyptian and Saudi companies will invest EGP 30bn to construct the housing units
The Egyptian real estate leaders: how well are they doing?
The business of the Egyptian real estate market has been flourishing despite political turmoil. In this feature, Daily News Egypt compared the relative performances of the real estate companies in the past year with attention to their net profits. TMG Talaat Mostafa Group’s consolidated net profits during the first nine months of the year totaled …
Rise in land prices constitutes 40% of construction cost: Al-Assal
Misr Italia recorded a growth rate of 25% in 2015
Companies compete with prizes, offers to attract clients at Cityscape
More than 60 large companies presented their real estate products on the first day of the Cityscape exhibition.
Egypt to press for new Saudi investments during sixth Saudi-Egyptian Coordination Council meeting
Egypt hopes for the establishment of new Saudi companies in Cairo to inject investments in US dollars to increase foreign exchange reserves
New urban communities mark prime hub for developer attention
Approximately 52% of Cairo residents can only afford residential units priced between $26,000 and $35,000
Wadi Degla targets capital increase to EGP 800m, sales to EGP 6bn in 2016
Daily News Egypt interviewed Wadi Degla Developments CEO Maged Helmy to discuss the company’s projects, business expansion, and future projects
Tatweer Misr to inject investments worth EGP 500m in 2016: managing director
Company to submit offer to Housing Ministry to develop 1,000 acres in the Administrative Capital, participate in the Investment Division’s initiative
Ministry of Housing approaches new projects tentatively, tries to build experience, says Housing Minister Madbouly
Government plans to offer lands to investors, individuals for real estate investment in upcoming period
EGX profit multiplier of large real estate companies shows marked variance
The profit multiplier is a financial indicator that gauges a share’s trading price in the stock exchange compared to the profits achieved