Latest in Real Estate Highlight
Latest in Real Estate
Banks compete for board membership of Egyptian Federation for Mortgage Finance
First general assembly will be held, board of directors elected Thursday
Egyptian Arab Land Bank considers establishing real estate investment fund
Bank plans to establish company with an initial capital of EGP 5m
Ministry of Housing to allocate 5,000 land parcels in 10 new cities.
Draw entry fees are EGP 25,000 as down payment in cash or with accredited banking cheques in any Housing and Development Bank branch
Misr Italia announces new project in Ain Sokhna
Company announced plant expands with projects in other areas in Egypt
Arab Development and Real Estate Company buys New Cairo land for EGP 3.5m
Company says it will establish real estate projects on 1,000 sqm of land
Rich people’s real estate is a way for hiding money: Sabbour
Low-income housing is witnessing a low turnout due to the inability of Egypt’s youth to pay as well as high interest rates.
Arabtec project to be implemented within 2 weeks: Housing Minister Assistant
The Housing Ministry will implement the project with other developers if it is not completed, says Abbas
Ministry of Housing to reserve part of World Bank loan to fund housing unit tenants: Ministry official
The most prominent obstacle real estate investors complain of is the current scarcity of lands, which is the reason for price hikes.
Real estate developers seek low cost funds from EGX
Listing real estate companies allows them to increase capital to compete with foreign companies
More social housing units for youth in 6th of October City
Officials from the 6th of October City council have been assigned to map empty land spaces in the city and choose suitable locations for new constructions
Emaar sets share price at EGP 3.5-EGP 4.25
Around 15% will be offered publicly, remaining 85% will be offered privately for qualified institutions
Real estate tax crisis ongoing between banks, finance ministry
Mediation fails between the banking sector and the government over obliging banks to pay tax on defaulters’ real estate
NUCA offers 7 bids in 4 cities
Bids include developmental projects in New Cairo, Beni Suef and New Aswan
Negotiations on major real estate contracts postponed until completing Economic Summit plans
Establishing a global equipment rental company to hire equipments for the Arab constructors, Prime Minister Mehleb suggests
Sudanese Constructors Association negotiates MoUs with Arab Constructors: Chairman
Size of Sudanese investments in Sudanese real estate sector amounted to $30bn, says Dongula
Government builds 200,000 social housing units annually: Executive body head
Cost of social housing units does not exceed EGP 135,000, according to Salah Hassan
Egypt-based 300 Years History to develop Safari Park for $1.1bn
22.36% housing ministry share to be recovered within 10 years, project implementation will take five years
FEB holds workshops with small companies to study financing processes: EUC member
The financing process has great importance for survival of small and medium-sized construction companies, says Daker Abdellah
NUCA, housing ministry meet to resolve ‘Beit al-Watan’ land parcels issue
Rage among “Beit al-Watan” applicants due to government’s evasiveness
UAE grants Egypt 50,000 social housing units
Housing units set to serve 350,000 low-income citizens in 17 governorates
EGP 1.2bn loan to develop sewage networks in 32 Giza’s villages: Housing Ministry
Project implementation will start next year and will be completed in 2017, says Madbouly
Current real estate executive law formulation under scrutiny: El-Sebaey
Housing Ministry took all remarks and additions by real estate developers into account to ensure executive law’s efficiency, says ministry adviser
World Bank to present mortgage system plans in Egypt
Bank participates in social housing programme providing $500m towards 1m housing units for low-income citizens
Arabia Group showcases Galleria Moon Valley at Cityscape
New luxury community to display works of art by famous artists
Kuwadico signs Grand Heights agreement with OCI and Amer group
CEO calls real Egyptian estate market ‘the most attractive in the whole region’
Real estate market struggling
Cash flow problems as clients default on payments
‘Foreign investors like ambassodors’
Managing director ofAl- Futtaim Real Estate says that government must protect their interests
A number of real estate companies extend deadlines for payment periods in order to attract new buyers and investors
The new campaigns came as attempts by a number of real estate companies to address problems related to funding
Commercial centres investment plans
KAD Chairman: EGP 8bn to open six branches of commercial centre Megabyte
DAMAC to launch new real estate development plan in Dubai
Project will be located at the Port of Dubai and comprise of full service hotel and apartment complexes