Latest in Real Estate Highlight
Latest in Real Estate
Palm Hills wins ‘best residential project award’ in Egypt Cityscape Awards ceremony 2015
Real estate company Palm Hills Developments have been awarded the coveted ‘Residential Project of the Year’ at this year’s Cityscape Awards for Real Estate in Egypt. Palm Hills won the award for its ‘Golf Views Neighbourhood’ project. The company is carrying out the extension of its winning project “Golf Extension” in 6th of October City, …
60% of real estate demand is in low-income tranche: AqarMap CEO
In 2014, approximately 10,200 units worth EGP 5.5bn were sold through AqarMap’s website, says Almsaodi
45,000 homes built every year: Colliers Regional Director
Cairo is most promising in visitor market, alongside business tourism which continues to grow, says Albert
The real estate sector awaits new acquisitions
Several investment funds announced it is moving forward in the acquisition of real estate companies negotiating to take advantage of the sector’s recovery and high margins of profitability
Naeem Holding preparing several real estate investment trusts during 2016: Wahdan
Government is required to review dividend tax to ensure popularity of real estate funds
Misr Italia to invest EGP 20bn in North Coast mega project
In an interview with Daily News Egypt, Mohamed Hany Al-Assal, board member of Misr Italia Holding Company, explained the details behind the company’s investments in the real estate sector. What are your upcoming projects? We are preparing, until the end of 2015, our stock market issuance that will act as a source of funds for …
Dealing with government is risky, scope of cooperation is minimal: Sabbour
Government fleeces investors in the name of settling disputes
Commercial, administrative building rental prices increase by 20%
60% of population who cannot spend more than 30% of their income have no products suitable for their needs in the market, says JLL head in Cairo
Tabarak Holding launches ‘Ninety Avenue’ at Cityscape
Daily News Egypt interviewed Tabarak Holding’s Chairman Ali El Shorbany to discuss the company’s latest projects and its participation in Cityscape Exhibition. What is the value of Tabark Holding’s targeted investments by the end of 2015? The company is planning to pump investments of EGP 2bn over the next year (2016), as we are willing …
Tatweer Misr invests EGP 8bn in tourist housing hotel project
Daily News Egypt interviewed Ahmed Shalaby, Managing Director and Board Member of Tatweer Misr.
EGP 1.5-EGP 1.6bn in expected revenues from White Bay project: PACT CEO
EGP 700m will be pumped into project, with approximately EGP 200m in the coming two years
Hill International’s business volume in Egypt reaches $12bn
Hill International is a project management firm that manages mega public, private, infrastructure and industrial projects in Egypt. Daily News Egypt interviewed Hill International North Africa Regional Director, Walid Abdel Fattah,to discuss their projects. What is the total business value managed by Hill International in Africa and in Egypt? Hill International manages 48 projects in …
Unregulated market, high prices are Egyptian real estate’s main challenges: Wadi Degla Chairman
I expect the real estate market to achieve high growth rates in the next period, says Helmy
Palm Hills expects over EGP4bn in sales during 2015
The company is developing 12 projects on an area of 10m sqm to be delivered by end of 2018
Cityscape Egypt 2015 will be largest edition yet: Director
We are currently exploring the launch of an additional Cityscape exhibition in Egypt, says Molman
Amer Group obtains establishment licence for Porto Group
Under Holding Companies Law, licensing is based on being a company operating in securities
Dorra targets 10,000 residential units project
The company seeks to build 3,000 units per year
Cairo suburbs are most promising areas for real estate projects
Total existing residential supply in 2014 exceeded 5.2m units, with prices increasing by average of 27% since 2013, says Colliers International
Al-Fahad Holding to establish real estate development company in Egypt with EGP 50m capital
Company’s business in UAE amounts to AED 1bn, Egypt has strong growth opportunities, says Samir Abdul Hamid
58% of Egyptians prefer to live in compounds for security: AqarMap
We are launching mobile app to measure evolution of property’s financial value depending on data analysis, says Al-Masoudi
Al-Ahram Markets to establish consumer compound in Helwan for EGP 5m
Compound will be the largest in size, to meet the needs of the area’s residents
Ministry of Housing to reveal details of real estate regulations at Cityscape conference
NUCA and Ministry of Investment to sign MoU to apply on- stop-shop system, says Madbouly
Real estate sector to experience boom that may double prices in 3 years: El-Assal
Proposing new El-Alamein lands through auction threatens development operations
Graviton negotiating to acquire agricultural, real estate companies for EGP 300m
Company’s direct investment fund targets 30% of the agricultural company for EGP 100m and 20% of the real estate company for EGP 200m
Implementation of 3 roads in national plan progresses
Total cost of the national plan for developing the road network is EGP 34bn
Cement price stable for 9th month, steel price stable for 8th month
Production of cement increased during August 2015 by approximately 87,922 tonnes compared to July
Sinai Cement registers EGP 28.7m net losses in H1 of 2015
In 2014, the company registered EGP 93.5m in net profits
Elsaeed Contracting’s H1 net profit jumps 122.9%
Company’s gross profits recorded EGP 125m in same period
Samih Sawiris’ OHD turns to profitability in H1 of 2015
OHD recorded net profits worth EGP 154.7m in H1 of 2015, up from losses of EGP 34.35m in H1 of 2014
New 30 June extension to connect East Port Said, Sinai, Delta governorates: Housing ministry
The extension will reduce travelling time between Sinai and Delta by about 60 minutes