Latest in Real Estate Highlight
Latest in Real Estate

Majid Al Futtaim, Mountain View, MNHD obtain tender booklet for Heliopark project
Heliopolis Housing and Development Company negotiates with three banks to obtain financing amounting to EGP 671m

City Edge aspires to accomplish EGP 16bn worth sales this year
Company records highest profit in 2020, with 36% growth compared to 2019

AlTameer Arabian to increase its real estate investment in Egypt to EGP 10bn over 3 years
Company plans to purchase 50 feddan in New Alamein to establish tourism project in 2021, says CCO Ahmed Osama

Misr Italia Properties seeks to achieve EGP 4bn in sales during 2021
Company plans to direct investments valued at EGP 3.5bn in current year, to speed up construction work for its projects

Edge Holding to begin EGX debut procedures in 2022: Chairperson
OIA New Capital is 80% completed, with delivery beginning in 2021

Al Ahly Sabbour launches residential project ‘RARE’ in Mostakbal City
Company starts delivering Green Square as first operational residential compound in Mostakbal City

Handover of 1st phase of Mostakbal City’s Green Square residential project kicks off
El Mostakbal for Urban Development has completed 90% of first phase’s utility network, infrastructure: Chairperson

Akam Developments targets EGP 2.2bn in sales during 2021
SCENE7 is first residential, sports project that includes group of world’s largest sports academies, says Managing Director

El Attal set to debut 2nd project at New Administrative Capital
Company currently investing in North Coast, says Chairperson Ahmed El Attal

Al-Borouj Misr launches Sixty Iconic Tower with EGP 1.7bn investments
Company eyes EGP 3bn in sales of Sixty Iconic Tower project, says Vice-Chairperson

Nile Developments invests EGP 5bn in 1st Festival Tower project at New Capital
Contract signed with Orascom Group subsidiary, CFM, to provide facility management solutions for first Festival Tower

The MarQ Developments to introduce its first project in New Cairo during 2021
Company eyes EGP 8bn in sales at new project, says Chairperson Amr Badr

The Land Developers, B.TECH cooperate to provide services to their clients
Cooperation protocol costs EGP 150m

Real Gate: Egypt’s biggest property exhibition featuring leading developers
The exhibition, organised by ACG-CBE, will provide exceptional investment opportunities, as the Egyptian real estate industry continues to grow exponentially amid the increasing demand for the sector’s products.

MARAKEZ continues success of District Five project, expands residential land bank
Basil Ramzy, CEO of MARAKEZ, said, “Our flagship project in East Cairo, District Five, is an ambitious integrated development with the key elements we believe are required to craft a vibrant and thriving community.”

Akam contracts with Moharram.Bakhoum to supervise SCENE7 project at New Capital
About 16% of the construction work at SCENE7 project already completed, said Akam Developments’ Hisham Kandil

Arqa begins construction work at I-Business Park project
Ahmed Gamal, the company’s CEO, said the company recorded EGP 1bn in sales in the first five months since the project’s launch in August 2020.

Saudi-Egyptian Developers launches latest New Cairo project
Company increased sales during 2019 and 2020 to reach total of EGP 7.4bn

Sky Abu Dhabi inaugurates Residence Eight project in New Capital
Company aims to achieve sales of EGP 1.5bn at project in 2021

Engineering Consultancy market needs grading: Ldp+Partners
Real estate sector success boosted by Egyptian Government, who continued to provide significant support during COVID-19 pandemic

Better Home offers discounts on its New Capital project
The discounts and offers apply on all units developed by the company, including apartments, villas, administrative, and commercial units, with various sizes and prices available that suit all customers.

Nawa Pro launches 1st interactive electronic database to serve Egypt real estate market
Company aims to register one million customers by 2022

Real Gate presents unmatched offers on over 150 real estate projects in Egypt
ACG-CBE, the conference’s organiser, outlined further details of the event, Egypt’s biggest real estate event which will be held under the patronage of President Abdel Fattah Al-Sisi, at a press conference.

El-Attal Holding launches new Bayside project in Ras Sudr at Real Gate Exhibition
Company launches fourth and final phase of PARKLANE at the New Administrative Capital

Akadia Developments to launch Pagoda Complex at New Administrative Capital
Moemen Hassan, the company’s CEO, said that the 10-storey project includes commercial, administrative, and medical activities. The ground, the first, and the second storeys are commercial with an innovative system, whilst the rest of the area is devoted to administrative and medical facilities.

Porto Group invests EGP 20bn in 3 property projects
Company intends to deliver 3,500 units in 2021

Real Gate Investment Club discusses Egypt’s shift into international real estate market
As Egypt’s largest real estate exhibition and conference held under the patronage of President Abdel Fattah Al-Sisi, Real Gate will take place from 25-27 March at the Egyptian International Exhibition Center (EIEC) in New Cairo.

JD Holding to increase investments at New Capital to EGP 12bn in 2021
The company will undertake this increase through developing a group of projects in the city, and increasing its plot portfolio.

V Estate Expo to launch 2nd round on 21 March
Expo expected to attract over 100,000 online visitors in second round

CBE to announce details of new presidential mortgage finance initiative soon
Proposed mortgage finance initiative to boost real estate sales