Latest in Tag: Real Estate Highlight
Latest in Tag: Real Estate
Elite aims for sales worth EGP 1bn in 2018, up by EGP 400m
The company will market administrative and medical projects in New Cairo and Maadi, says Eltabakh
Uninhabited units deprive state economy of EGP 3tr: EFCBC member
There are at least 10 million unused and uninhabited real estate units, says Abdellah
Real estate prices is a mirror for the inflation: Colliers International
Real estate prices will still go up due to the inflation that came as a result of the currency devaluation, according to Regional Director at Colliers International Middle East and North Africa Ian Albert. Colliers International is a global commercial real estate company. In an interview with Daily News Egypt, Albert said that the there …
Concept to complete selling Siela North Coast second phase in 2018
The second phase of Siela North Coast sales reached 65%, says Concept chairperson
Egypt’s real estate sector undergoing transformation: SODIC managing director
Higher land prices create more partnerships among developers
The New Administrative Capital—a real estate project and seat of government
The new administrative capital is one of the most prominent projects of the current regime. And it is one that sees continuous oversight by the presidency since it was announced at the economic summit in Sharm el-Sheikh in March 2015. The project witnessed several changes, which were supposed to be developed by the government in …
Housing Ministry supports the real estate sector within a comprehensive plan for economic reform: Madbouly
Ministry provides units and land for all income segments and meet the demands of developers according to various investment models
Al Dau to inaugurate its first residential project in Giza in coming months: marketing director
Real estate developer Al Dau Development, a member of Sami Saad Holding, has continued its implementation of its two projects in real estate development, Al Dau Heights and Al Dau Strand, both located in Hurghada with investments exceeding EGP 2bn. In late August, Al Dau celebrated delivering the first phase of Al Dau Heights by …
TREEX targets 1.7 million clients in 2017: chairperson
TREEX 2017 expects more than 20,000 visitors to attend the four-day event, says chairperson
KENZ Compound to be delivered in 2019: First Group chairperson
First Group has agreed with the Housing and Development Bank to finance the units that have been completed for the customers, says chairperson
Al-Ahly Real Estate Development invests EGP 2.5bn in its projects during the current year
The total volume of the company’s land bank is about 5 million sqm the company hasn’t develop yet, says Sabbour
Live in El Mostakbal City starts in 2020: Nasif
EGP 3bn is the total value of the facilities and contracts until the end of the current year in El Mostakbal city project, says the chairperson of El Mostakbal for Urban Development
Fuel prices increase construction costs by 15%
Recent economic reform decisions raised administrative expenses and profits of contracting companies by 30%, says Abdellah
Real Estate Development Chamber, Administrative Control Authority to end problems of real estate developers
MoUs were signed at the economic conference in Sharm El-Sheikh have been converted into contracts, says minister
54% of Egyptian households already found housing unaffordable before the recent economic reforms: 10Tooba
Speculative buying of real estate market estimated at 25% to 30% of transactions according to CI Capital, says the report
Finance Ministry extends real estate tax payment period to end of month
The decision aims to facilitate payment for tax payers and to collect the public treasury’s dues
Real estate prices may increase 80% by year end: Mena for Development Consultancy chairperson
After issuing the law that grants temporary residence for foreigners in return for buying property, it is anticipated that there will be a 20% to 30% export of real estate, says Fawzy
Propertyfinder receives demand requests for property worth EGP 4.6bn in Q1
12% growth in hotel industry in Egypt, says Propertyfinder’s executive manager
Banks and real estate shares among “Top Picks” after CBE move
Investors likely to inject cash in these stocks to maximise profits
Lack of maintenance, low facility management skills wastes EGP 20bn
The higher maintenance deposit value, the higher value of the property in case of resale, says Diaa
Egypt’s spending in built environment increases by 62%
The real per capita spending in new cities dropped to EGP 16,916 per person, compared to the nominal EGP 19,855 per person, according to the report
Egyptians invest their dollars into real estate, pushing prices up 40% since flotation
Demand keeps growing despite unjustified price hikes, says head of Building Materials Division
10 years tax exemption, transfer of profits abroad revive Egypt’s real estate sector
It is important that the executive regulation of the Investment Law includes items related to luxury housing, says ARDIC CEO
Tenants negotiate to decrease rent cost after flotation: JLL country director
Residential supply grows at a high rate of 11%, says Sami
Bedouin protection money raises average cost of real estate projects by 15-20%
Bedouins impose protection rackets on projects that are implemented at the New Administrative Capital, says EFCBC member
Expectations differ about expected real estate fund investments
Saudi Arabia launches three real estate funds in six months, while Egypt launches its third fund in Q3
Property Finder conference analyses latest trends of Egypt’s real estate sector
The website received bids to sell property of a value of EGP 3.37bn, says Hamad
“Build it at its cost”—an initiative to build housing units at half price
Construction companies obtain 100% profits, says founder of the initiative
ARDIC negotiates with SCZone to develop 2,000 acres
EGP 1.7bn is the volume of contracts of ARDIC’s projects, says managing director
Iwan Developments works on expanding projects
“The plan we’re working on is to expand to new areas yet maintain expansion in Sheikh Zayed and 6th of October City,” says Ashraf