Latest in Real Estate Highlight
Latest in Real Estate
Capital Group launches first real estate project in Egypt
The total project investments amount to EGP 40bn, on an area of 1212 acres
Tabarak Holding will not be listed in EGX before end of 2016
Tabarak expected 60% growth in 2016 compared to 2015, says El Shorbany
Ministry of Housing presents social housing bids to cabinet
The list of potential construction companies includes 50 public and private companies, in accord with the ministerial cabinet’s direct order
Housing Ministry invests EGP 1.5bn for facilities in New El Alamein lands
The Arab Contractors Company and Mokhtar Ibrahim will install the facilities in the New El Alamein lands
SODIC and Heliopolis Housing sign Contract for Co-development of 655 acres in New Heliopolis
Minimum guaranteed revenues are estimated at approximately EGP 5.01bn to be paid over unequal annual instalments
First residential neighbourhood in New Administrative Capital will be implemented before April: Madbouly
A total of EGP 760bn is expected to be invested in the transport sector through 2030, says Al-Geioushy
Housing Ministry, Cairo governorate to draw up plan to develop areas of informal housing
Ministry of Housing auctioned off 1,500 acres of land in 20 new cities to be allocated to developers
NUCA assigns new units to contractors for Tahya Masr housing project
The project, which will construct 200,000 units, will be finalised within a year
El Mostakbal for Urban Development issues tender for sale of 600 acres in Mostakbal City
The land will be offered in a sealed-bid auction, said chairman Nassif
Housing Minister, Real Estate Investment Division of FEDCOC to discuss real estate developers’ union draft law within days
Businessmen and real estate sector’s representatives unanimously approve the initial draft
RTVC to invest EGP 4bn in its Stella Di Mare II project
Sales of the projects are estimated to amount to EGP 5bn
Dar Misr first units to be handed in July
Forces Engineering Corps received lands from NUCA for second and third phases
Real estate prices will increase with continuous pound devaluation: JLL
The new administrative capital is the natural extension of the city and it will develop anyways, says JLL Egypt Director
Palm Hills Development records profits of EGP 1.06bn in 2015
The company registered EGP 3.6bn in revenues
Metawee Group launches La Vida Compound’s second phase
The company implemented 60% of the project, costing approximately EGP140m
Ministry of Housing secures loans of EGP 3bn for Social Housing Fund
Approximately 150,000 residential units will be built by the end of this year, according to Minister of Housing
New fund to compensate victims of real estate fraud
Ministry of Housing awaits upcoming law to send to parliament for approval
Bureaucracy biggest challenge in real estate sector: Expert
It is necessary to overcome all obstacles facing construction companies to support the Egyptian construction revolution, says Daker Abdallah
Themar for Real Estate lists Montazah Elegance in Alexandria for sale
The project is being developed in cooperation with the Egyptian Emirates group, which has overseen construction, while Themar manages development and marketing for the project
Housing Ministry to set schedule for delayed sanitation projects
10% of implemented units in Social Housing Project are dedicated to work as shelters in emergencies
Plan to develop 6th of October Gardens with EGP 1bn
Annual budget of EGP 2.5bn for 6th of October City Council
1,000 excluded from low-income housing for ‘insufficient wages’
Those in the lowest income bracket have been prohibited from applying to the Mortgage Finance Fund because their income does not meet the minimum limit
Real estate prices and production costs at a disjoint as state reaps benefits
NUCA’s generated EGP 61bn last year for the state because of how it allocated lands
Committee formed to establish 500,000 units of middle-class social housing
The project would be important in restoring balance to the real estate sector, referring to the real estate gap for middle-income housing.
First phase of developing Al-Robeky city for leather costs EGP 840m
The consolidation of leather manufacturing will include the transfer of leather tanneries, workshops, and factories that are currently located in Old Cairo
Construction of 99,000 units completed in Social Housing Project, 145,000 additional units under construction
The ministry has made seven calls for citizens to apply for residential units throughout 2014 and 2015
Investments in Palm Hills’ New Cairo project at EGP 35bn: Minister of Housing
NUCA’s share of revenues is 42% of the total project revenue, according to cabinet statement
Egypt proposes Sinai development projects to Arab institutions
International Cooperation Minister says projects cost $1.5bn
FEDCOC investors focus on low to median housing and Real Estate Developer’s Union Law
The FEDCOC seeks to add 500,000 housing units and prompt action on the union’s law by year’s end
Will launching World Day to Combat Housing Crisis solve Egypt’s deficit?
Launching such a day will not address real estate sector’s problems unless government takes real steps to address mortgage problems, says member of Real Estate Investment Division