Latest in Real Estate Highlight
Latest in Real Estate
MNHD’s gross profit reached EGP 102m
Company says it’s on track with its Tag Sultan project
Egyptian Resorts Co achieves $ 21.4m net profits in H1 of 2015
The Egyptian Resorts Co achieved a profit in the first half (H1) of 2015, reporting net profits of EGP 167.5m ($21.4m) compared to EGP 21.3m ($2.7m) in losses in H1 of 2014. However, over the first quarter (Q1) of 2015, the company’s net profits reached EGP 3.2m, marking a 73.4% decline compared to the same …
Arabian Cement studies selling frozen shares
Company held an IPO in May 2014
New Suez Canal signals many new real estate opportunities
Optimism is high amongst real estate developers set to take part in fifth and largest ever edition of Cityscape Egypt
Government plans housing units for Batn Al-Bakara slum citizens: Mehleb
Egypt has 1,300 slums, including 340 high-risk areas, we look to remove them and move their inhabitants into safe houses, says prime minister
Marseilia Egyptian Gulf Real Estate Investment shifts from loss to profit in H1 of 2015
In first half of 2015, the company’s net profits reached EGP 10.3m
Banks, individuals can fund Capital Cairo project: EFCBC head
Egyptian real estate development companies can fund the other four stages of Capital Cairo by facilitating and selling lands, says Abdel Aziz
East Cairo real estate prices expected to continue increasing in 2015: Report
As government announces new projects, including new capital, Al-Mostakbal City, Palm Hills, and MHND joint project, there is growth in real estate activity types
Facilities for 1,000 factories project are being finalised: Housing minister
Industrial zone is located on 1,046 acres; one-third of the area is dedicated for 1,000 factories, says Abdel Aziz
Egyptian construction companies can build Cairo Capital in 1 year: EFCBC
Implementation of Administrative Capital requested to commence after New Suez Canal inauguration
EGP 500m to construct solar powered compound
MCR will run global tender to choose company that will be responsible for implementing 1 MW solar power plant
20% growth in residential unit rental prices during last month: Real estate brokers
Basic goods in Egypt witness wave of rising prices over past three months, affect rent prices of residential units
EGP 300m to construct Assiut road: Housing Ministry
Project’s first phase to begin during FY 2015/2016 with investments of EGP 50m, says Madbouly
30,000 units issued for Social Housing Programme
Represents first time for programme’s units to be issued in Giza governorate, says Madbouly
Emaar Misr boosts net sales by 20% in H1 of 2015
Real estate developer scored net sales of EGP 3.91bn in first half of current year
Amer Group establishes company in Dubai to handle projects: Investor relations manager
Company’s capital stands at AED 1,000, divided into 10 shares with a value of AED 100 per share
Al-Abbar requests reduction in administrative capital project share to 20%
Sources say Housing Ministry may approve request on condition investors commit to project’s financing from abroad
Metawee Group invests EGP 750m in new ‘Blue Blue’ project
Project is located in Ain Sokhna and covers 121,000 sqm
EGP 15.7bn for urgent national project implementing village sewage system: Madbouly
Legislative amendments to severely punish factories that dump untreated wastes in drains and canals, says cabinet spokesperson
Delivery begins for Shorouk Springs project with investment at EGP 1.7bn
Shorouk Springs includes residential units, townhouses and independent villas in a variety of sizes, says Khairy
NUCA implements Housing Ministry’s FY 2014/2015 plan
Authority continues to connect facilities to around 50,000 acres of land parcels allocated in previous FY
PHD, MNHD to co-develop East Cairo residential community
Project’s revenue will range between EGP 4.6bn and EGP 5.5bn
5,000 land parcels offered in 10 new cities
The lands range between 209 and 276 metres, and booking starts from 26 July to 27 August
Trading on Emaar stocks begins Sunday, EGX-30 registers 1.16% decline
Emaar’s shares coverage is record breaking, EGX head highlighted
El-Hekma sells 140 residential units in Green Paradise project: Sales Manager
Price rise in real estate expected after government announced giant projects’ implementation, including new administrative capital, and 1m units project
High interest rates, lack of facilitated lands weaken mortgage finance initiative
Interest rates on financing units ranging from 14 to 17%, says Fikri
Misr Italia launches Italian Square New Cairo in June
Italian Square New Cairo is built over 44,480 sqm, providing all basic needs and services
Government raises allocations of low-income housing by 19%: Finance Minister
Ministry of Housing plans to allocate 20% of the loan to fund housing unit rents
Ministry of Housing may provide lands in exchange for housing units: Badr El-Din
The Union of Real Estate Developers Law, and a fund for protecting consumers from commercial risks will be discussed, says the Real Estate Investment Division head
52 million subscriptions in Emaar Misr’s IPO
Subscriptions phase started on 16 June, will last until 25 June