Latest in Real Estate Highlight
Latest in Real Estate

Madar Development invests EGP 22bn in Egypt’s real estate market
Azha project’s total investment cost reaches EGP 6bn

El Asreya Developments rebranded as Atric Developments
Egypt witnesses unprecedented qualitative leap in real estate sector: Chairperson Ashraf Naguib

Hisham Talaat Mostafa receives Egypt’s Housing Minister, high-level delegation headed by Saudi Housing Minister in Madinaty
Hisham Talaat Mostafa, CEO and Managing Director of Talat Mostafa Group (TMG), has received on Friday afternoon in Madinaty, Egypt’s Minister of Housing, Utilities, and Urban Communities Assem El Gazzar, Saudi Minister of Housing Majid bin Abdullah Al-Hogail, and Saudi Arabia’s ambassador to Cairo Osama Naqli. In addition to a high-level Saudi delegation that included …

TBK debut in Egyptian real estate market through Cityscape 2021, with huge investments, ambitious expansion plan
Cityscape Exhibition will witness a new start for TBK real estate development. The company announced the start of its business in Egypt with an ambitious expansion plan, a portfolio of diversified projects and huge investments through its various projects. TBK currently owns several different projects, including 90 Avenue and other projects in East and West …

Akam Developments invests in human capital to deliver better customer satisfaction: Managing Director
Company has ‘happiness management’ team to provide exceptional service to our customers, says Edrees Mohamed

Ora Developers Egypt aims to triple its capital to EGP 2.1bn
EGP 160bn targeted sales from its three projects

El-Attal invests EGP 150m to boost construction of PARKLANE during 2021
90% of PARKLANE Phase I units sold, 50% of construction completed, to be delivered in 2023

Sorouh Developments offers three different payment plans for the first time
Sorouh launches new fully finished units in “Entrada”, offered with installments up to 15 years

Saudi Egyptian Developers reports sales increase of 275% in Q1 2021: CEO El-Taher
Company’s total investments in its under-construction projects amount to about EGP 19bn

Misr Italia Properties considers obtaining loan for projects of Il Bosco, Vinci: CEO
Company to enter into strategic alliance with EFG Hermes Holding in coming period, Mohamed El-Assal

El Mostakbal Urban Development launches its service project in Mostakbal City in the heart of New Cairo
The Boulevard extends over 60 feddan, with EGP 450m allocated to its development, says Engineer Essam Nassef

Radix Development plans to invest total EGP 5bn in Egyptian market by 2025-end: Executive VP
Company intends to develop 30-feddan project in New Administrative Capital, two projects in New Alamein and El-Galala

O West launches 700 fully finished residential units at Cityscape 2021 exhibition
O West seeks to enrich real estate sector with modern residential units

Palm Hills Developments extends its North Coast legacy by launching Hacienda West
Hacienda West marks Palm Hills Developments’ expansion to the strategic location on the west side, only 10 km away from Ras El Hekma.

Capital Group delivers 817 units in Alburouj project, further 670 units ready by 2021-end
IMKAN – Misr starts developing 167 feddan in New Cairo

Demands to extend payment contracts for New Capital lands, categorise developers
ACUD advises customers to check on project’s ministerial approval, building licenses, and schedule compliance, and also follow up on development process

Akadia Developments aims to sell out last phase of Pagoda Business Complex within 2 months
Project records EGP 380m in sales since its launch in March, says Chairperson

Ebny Real Estate introduces 36-feddan project in New Sohag
Company directs EGP 250m in constructions this year, says chairperson

Cairo Capital to launch residential project in New Sheikh Zayed as Lake West extension
Company studies launching new serviced apartments, says Chairperson Yasser Khalaf

Reportage Properties debuts Montenapoleone project in Mostakbal City
The UAE company, Reportage Properties, intends to launch its Montenapoleone real estate project in Mostakbal City, east Cairo, in partnership with Al Ahly – Sabbour Developments in the coming period. Hanna Karam, Regional Head at Reportage Properties, said that the company has signed a development agreement with Al Ahly – Sabbour Developments. The project’s expected …

El Mansour Development revamps Sarayat El Kattameya project with EGP 800m investments
El Mansour Development has announced that it has redeveloped the 30-feddan Sarayat El Kattameya project with investments exceeding EGP 800m. Mohamed Mansour, the company’s chairperson, said the project is comprised of 3,800 housing units, and that the company is currently developing it to restore its splendour and aesthetic features, and to maintain its investment value. …

TMG’s Noor city boasts strongest advertising campaign in Egypt
Noor city campaign succeeded in expanding the Hisham Talaat Moustafa Group’s market share of sales by 30-40% of the market

New Administrative Capital is Egypt’s gate for property export: Developers
Egypt’s real estate developers agreed that Egypt has a great potential to export property through its new and fourth generation cities, namely New Administrative Capital (NAC), New Alamein, and others. In the fifth edition of the Think Commercial roundtable held on Wednesday, Chairperson of The Land Developers Ahmed El Tayebi said that Egypt is an …

Launching New Capital reflects new vision for Egypt
Major national project has produced new generation of developers leading to increased competition

Youth Ministry constructs branch of The Club in New Capital with EGP 4.5bn investments
The new club received EGP 4.5bn in investments, and is part of an integrated network of The Club in several new cities and governorates. It covers an area of 72 feddan in the R3 district of the NAC.

Opinion| Egypt’s New Administrative Capital and support for real estate developers
There are developers that are racing against time, and others that do not have a presence in reality. Many are lost, without a clue on how to do anything.

Egypt’s National Expo sees EGP 750m contractual sales on 1st day
The National Exhibition Company, which organised the event, said that the turnout witnessed on the first day reflects the importance of having strong national exhibitions combining different real estate projects that suit the target customers.

MarQ Developments launches The WaterMarQ project in New Cairo
Company intends to complete the project within 2 years, says company chairperson Amr Badr

Egypt’s Al-Qubba Palace will host 4th National Expo 2021 on 9-11 July
Egypt’s Al-Qubba Presidential Palace will host the fourth edition of the a major real estate event, The National Expo 2021, for the first time in Egypt from 9-11 July. The event has been organised by a consortium of three leading real estate marketing and exhibitions companies, including: the National Exhibition Company, headed by Moataz Askar …

SDR Group, Location Investments contract to exclusively market Cascada Mall in New Cairo
SDR Group has contracted with the Location Investments and Project Management Company to exclusively market the Cascada Mall project in the Fifth Settlement area of New Cairo. The company plans to offer the project for sales next month, as part of the marketing plan put in place for Cascada Mall. SDR Group Chairperson Hesham Abdul …