Latest in Real Estate Highlight
Latest in Real Estate
Acrow Misr profits doubled in 2015
The majority of these units are located in 6th of October City.
Real estate division requests amendment of Article 34 of executive regulations
Companies that implemented 85% or more of projects should be exempted from additional payment for any delays
3 companies acquire approval for Mostakbal City lands
Mostakbal City obtains permit to increase building heights to 21 metres
Government offers real-estate for investment in 2016
New developments will include administrative capital, East Port Said and New Alamein, says investment minister
7 new real estate developers participate in Amar Ya Masr Exhibition in Kuwait
3maer-Egypt debuts Nasr City project in Amar Ya Masr Exhibition
Initiative to help youth own low cost properties gains momentum
Real estate buyers unite and combine their savings to buy apartments at their actual cost, says campaign founder
SODIC registers EGP 224m profits
The company delivered 425 units across eight projects during the first nine month of 2015
Amer Group, Porto Group sign agreement to develop 4 projects
Amer Group will acquire a share of revenues ranging between 20%-40% of the four projects
Amer Group’s net profits in 9 months decline to EGP 111m
Splitting up the group, paying back securitisation deal main/temporary reasons behind decline in profits, says Investor Relations Manager
Talaat Mostafa Group’s net profits up by 8.9% in 9 months
Group sales reached approximately EGP 5.177bn, exceeding group’s objective of EGP 4.68bn
1,000 Acres Project launched to establish industrial clusters with expected fund of $1bn: FEI head
The project is expected to provide 470 job opportunities in each governorate, says FEI head
NUCA activates real estate executive rule
Lands granted to investors in Upper Egypt cities at fixed prices with facilitated procedures
Construction sector anticipates solutions with new CBE governor
The construction sector is anticipating the arrival of vital solutions with the appointment of Tarek Amer as the governor of Central Bank of Egypt (CBE), according to Daker Abdellah, member of Egyptian Businessmen’s Association and Egyptian Federation for Construction and Building Contractors (EFCBC). Amer’s experience and knowledge of all problems facing the economy in various …
34,491 units implemented in Social Housing Programme
Every unit consists of three rooms; one hall, one bathroom and one kitchen, an area of 90 sqm
Rental market performance better in New Cairo than 6th of October City: JLL
The financial performance of Cairo hotels improved slower than the occupancy rate, says Sami
145,800 housing units were constructed during FY 2013/2014: CAPMAS
70.8% of the units were implemented through private sector investments of EGP 15.5bn
Real Estate sector achieved good growth: Metawee Group’s Chairman
The group’s investments exceeded EGP 1bn during the current year
Obour City Development Authority to construct 2,111 units in first phase of Dar Misr project
Minister of Housing Mostafa Madbouly had toured Obour City and checked medium-income housing units implemented through the Dar Misr project.
Lift Slab board approves capital increase, new activity
The EGP 43m increase will be distributed in 4.3m shares with a nominal value of EGP 10 per share
€13m from GIZ to develop unsafe slums: Madbouly
All unsafe slums will be fully developed in three years according to the ministry’s timetable
Contracts for Saudi investments worth EGP 360bn to be signed soon
Saudi Arabia remains strong supporter of Egyptian economy
New facilities to be launched in New Aswan city
“A 175-bed hospital, fire station, police station and university are among the new facilities implements by the NUCA,” say Ministry of Housing officials
NUCA assigns 550 projects to develop new cities
The total cost of the projects totals EGP 9bn
New free zone in Minya attracts $750m in investments
Zone’s cost of development will exceed EGP 450m, will be implemented in three phases over 10 years
Jordan’s Masaken Capital to acquire Cairo-based firm
Masaken Capital targets stock markets listing, projects for limited-income individuals
Housing Ministry offers 25,656 units in middle-income housing project
The size of each unit exceeds 100 metres
Sale of high-end real estate projects in Egypt slowing down: Pharos
The purchasing power of consumers is no longer able to absorb new projects
Abu Soma expected to inject EGP 2bn-3bn in Egypt, next 5 years: CEO
The company behind its namesake peninsula is planning to open three new hotels in the next three years
SODIC wins 31 feddans land plot in 6th of October City
Total cost of land amounts to EGP 211m, to be paid over four years, says PR Director
Misr Italia to establish 500 acre residential project in 6th of October City
Project will include administrative and commercial projects