Latest in Tag: Real Estate Highlight
Latest in Tag: Real Estate
Will the government partner small, medium real estate companies?
As the government has recently held partnerships with some developers, such as Mountain View, Arabia Group For Real Estate Investment, and Palm Hills, many small- and medium-sized real estate companies are asking the government to participate in implementing a number of small projects by offering small plots of land to diversify investment opportunities and support …
Your Home Engineer targets investing EGP 200m in several real estate projects
Your Home Engineer company, which began as an initiative, aims to launch a series of projects during the current year in a number of cities near Cairo and cities of Upper Egypt at prices lower by 35% than similar projects, with the projects’ total cost at up to EGP 200m. Mayer Gerges Malak, founder of …
Oscar Misr targets EGP 300m contractual sales in the current year
Company to launch new housing project by end-February
Lower interest rate, expiry of higher certificates to revive real estate sector in H2 2018
Most cash flow available after expiration will be pumped as investment in sector
Al Thiqa organises 11 real estate exhibitions during 2018 with expected sales of EGP 2bn
Al Thiqa Real Estate is organising 11 real estate exhibitions during the current year and expects 30,000 visitors to its exhibitions, which are distributed across a number of governorates on an area of 25,000 sqm. The company targets the participation of a large number of real estate companies in order to stimulate sales. Al Thiqa …
Almarasem Development targets EGP 32bn sales from two real estate projects
Company launches Capital Gate project in New Cairo
11m real estate units in Egypt vacant: MENA for Development Consultancy
Fathallah Fawzy, chairperson of Mena for Development Consultancy, said that vacant real estate units in Egyptreached 11m, 40% of them within the old rental system, while the percentage in cities close to Cairo does not exceed 15-20%. Meanwhile, 10 Tooba for Applied Research on the Built Environment said that there are 6.409m total vacant units …
Financial gaps pushes real estate developers to seek new finance channels
Financing gaps have not decreased with all the payment facilitations offered by real estate companies, but they have increased because of companies’ decline in sales.
Emirates NBD provides real estate funding up to EGP 5m
Emirates NBD-Egypt offers real estate loans worth up to EGP 5m.
Egypt real estate sector remains hotbed of economy, with great demand for New Administrative Capital
Current year will witness great foreign investment flows into Egypt’s real estate industry, say developers
Real estate sector contributed 15% of GDP in 9 months
Egypt has no legislation organising launch of international universities, says Redcon chairperson
3 real estate laws to be issued during current legislative session
Reconciliation on Building Violations Law will save government about EGP 150bn, says Abdel Ghani
Dispute over period of committing real estate developers to fix unit faults
New law article to protect customer rights stirs debate among developers
Real estate companies’ offers attract high turnout at Next MoveÂ
Reduction of down payments, extension of payment periods up to 10 years
Real estate business results reflect strong growth in first 9 months of 2017
Business results from most real estate companies for the first nine months of 2017 reflect strong growth. Some even reached new record highs in sales, including Talaat Mostafa Group, Palm Hills, Emaar Misr, and Sodic. Yet, the real estate indicator was less responsive to the profit growth, showing only a 20% increase since the beginning …
Next Move exhibit looks to entice middle-income market
Developers at the inaugural edition of Next Move Egypt exhibition, which runs from Thursday through Saturday at the Cairo International Convention Centre, will look to entice potential buyers with a range of cutting-edge apartment units, townhouses and community villas with attractive, flexible payment plans. The first edition of Next Move Egypt, powered by Cityscape, will …
Real estate exhibitions contributed 75% of OUD sales: chairperson
Company aims to acquire plots of land in New Administrative Capital, El Mostakbal City, Upper Egypt, Delta, says Khamis
Government not competitor to real estate private sector: minister
Minister of Housing and Acting Prime Minister Mostafa Madbouly said the government is not a competitor to the private sector in real estate, but it seeks to play a complementary role to meet the needs of the market. Madbouly added during “Egypt’s Real Estate Industry: Investing in the Future” conference held Tuesday, by the American …
Despite mostly recessive winter season, real estate prices continue to rise
Owing to a relative recession that takes over the property market throughout the season, real estate prices usually drop during the winter season. However, this winter has shown a completely different face for business and residential properties. This is not only because prices have not fallen yet, but they are expected to rise during the …
Imposing new steel, cement fees will not affect real estate prices
The new health insurance law, due to go into effect after parliament approved it last week, is set to see new fees imposed on certain commodities to finance the program. The Health Affairs Committee of Parliament approved on Tuesday the draft of comprehensive health insurance law, in which it authorised the article on additional sources …
Administrative capital allocates 3,500 acres for real estate companies
Land prices will rise as developers continue purchasing, says Abdeen
Real estate sector supports CBE decisions, complains about interest rate increases
Liberalisation of exchange rate was required and took too long, says Hassanein
Real estate tax revenues mark 56.7% deficit from target in FY 2015/2016
Parliament’s Planning and Budget Committee meets RTA mid-December
Top 10 real estate projects in New Cairo
DNE sheds light on prices of real estate units in New Cairo, according to B2B for Real Estate Marketing
Real estate companies exposed to failure within 10 years: Esmaar CEO
The real estate companies are exposed to failure within 10 years without keeping pace with technology in the sector, said Mohamed El Husseiny, CEO of Esmaar Company. Recently, there are various different real estate technology tools that will achieve a boom in the sector. Real estate marketing companies have managed to be more than just …
IDBE-Egypt expands real estate finance
Chairperson of the Board of Directors of the Industrial Development Bank and Egyptian Workers (IDBE-Egypt) Maged Fahmy, and Mai Abdel Hamid, head of the Mortgage Finance Fund (MFF), signed a cooperation protocol to increase the former’s stake in the Central Bank of Egypt (CBE)’s initiative to finance housing for low and medium-income persons. The bank …
Suez Canal Bank plans to break into retail banking, real estate finance, SME financing in its new strategy: chairperson
The bank has established 3 new departments specialised in these activities and is currently preparing its own cadres: Refaei
Flotation led to 40% price hike in real estate units’ prices
Projects’ implementation cost rose by 50% since November 2016
Real estate sales fall by 40% in Q1
32% discount on the paying unit’s price in cash, says Salama
Karma Developments launches two projects with investment of EGP 160m
EGP 60m in expected sales during Q4 of the current year, says Karma’s general manager