Latest in Tag: Real Estate Highlight
Latest in Tag: Real Estate
Impact of Egypt’s mega projects revealed at Cityscape Business Breakfast
Implementing Egypt’s strategic plan requires government-private sector cooperation, says Abbas
Real estate stakeholders affected by Egyptian pound flotation: JLL
The rapid devaluation of the Egyptian pound has led to uncertainty and delayed decisions by both investors and occupants
Pound flotation was mandatory, sector faces difficulty in marketing new units: real estate investors
The flotation of the Egyptian pound has increased the cost of construction
Real estate marketers demand that Beit Al-Watan prices be decreased by 30%
The New Urban Communities Authority considers reducing the price per metre over fears that the price could reach as high as EGP 11,000 in New Cairo
MFF aims to spend EGP 10bn from CBE’s initiative by end of June: Abdel Hameed
The volume of the initiative’s financing increased from EGP 154m in 2014 to EGP 3.5bn in 2016
Absence of maintenance, chaos of licensing, and old rent are wasting real estate wealth
Real Estate Development Chamber coordinates with parliament’s Housing Committee to impose periodic maintenance on owners and buyers, says Shoukry
Nozol targets contracting 200 real estate developers, 500 brokers by mid-2017
A new application that aims to connect real estate developers and brokers to clients was launched in May by Nozol. Daily News Egypt sat down with the company’s executive manager, Ahmed Ezzat, to talk about the new innovative application and its aim to develop real estate property marketing. What is the business of Nozol? Nozol …
Heliopolis Co records highest net asset value among real estate companies: Pharos Holding
Pharos released a research on the net asset value of six real estate companies in an attempt to examine the conditions of companies in the sector after recent economic reform decisions
Newly formed Real Estate Development Chamber promises to create attractive investment climate
The chamber signed a cooperation protocol with the Ministry of Housing to form a committee to solve investors’ problems
Currency devaluation to spur foreign purchase of property
20% of CGP’s sales in 2017 to be directed to clients abroad, says chief projects officer
Egypt’s real estate market approaching bubble: Sawiris
Tax equality between real estate and tourism investors provides fairness
Pound flotation, signing of IMF loan agreement to contribute to reviving real estate investment: Coldwell Banker
Real estate sector nominated to grow by 30% annually
Upper Egypt Mills Co. allocates EGP 50m for real estate investments
Upper Egypt Mills Company allocated EGP 50m to utilise two plots of land for residential buildings in Sohag early next year, said chairperson Rabie Kulaiay. He added that construction will begin in January and is expected to be completed in two years; the buildings will include 130 apartments, as well as stores. The company is …
ARCO launches 5 projects, new sales centre in Citystars Cairo
ARCO’s new showroom is located in Citystars Cairo and will feature interactive tables and an interactive screen where you can view all the projects
ARCO targets sales worth EGP 38bn over 8 years: executive manager
The prices of real estate units are expected to increase by 20-30%, says ARCO’s managing director
Exchange rate liberalisation contributes to attracting foreign investment to real estate sector: Palm Hills
Middle-income housing accounts for 25% of market needs, says Palm Hills CEO
New mortgage finance law would double size of Egypt’s real estate market in less than a year: developer
Head of parliament’s Housing Committee calls on minister of investment to sign protocol with banks to facilitate mortgage finance for companies
MNHD consolidated revenues reach EGP 578.7m, EGP 310.1m net profits in Q3 2016
Taj City and SARAI projects will help company sustain strong growth rates in Q3 of 2016, says report
Samcrete Development invests EGP 3.2bn in real estate sector
Tourism projects are not within the company’s plans for the next phase, says CEO
Real estate developers await stability in prices of construction material following pound’s flotation
The CBE’s decision to float the Egyptian pound is viewed as a positive step for the real estate sector and is expected to promote market stability, say developers
Tabarak Holding markets 12 projects in its first real estate exhibition in Mansoura
The real estate company sold 30% of two medical clinic tower projects in Maadi and 6th of October City
Egypt invests EGP 43bn in real estate sector over 30 months: Housing Minister
NUCA started building 9 new cities at once, says minister
Egypt’s shift to green technology is slow due to high costs
Most real estate companies find that clients are not particularly interested in whether a house is constructed with environmentally friendly systems
Looking for investment safe havens, Egyptians turn away from the US dollar
For more than five years, Egyptians have been looking for a safe and profitable haven for their savings and for a long time the US dollar was seen as the safest bet. However, as Egypt currently faces huge shortages in foreign currencies, the price of the US dollar, which did not record more than EGP …
Madinet Nasr Housing & Development reports 787% growth in sales for September
Inflation, devaluation, and lack of alternative options make real estate in Egypt one of the bright spots for growth
Banque Du Caire finances purchase of 7,317 residential units within CBE real estate financing initiative
Banque Du Caire purchased 7,317 residential units for low and middle-income segments as part an initiative by the Central Bank of Egypt (CBE) launched between February 2014 and September 2016, according to Mounir El-Zahid, chairperson of the bank. El-Zahid explained that there are nearly 4,326 loans already being implemented worth EGP 320m, in addition to …
Sawiris and Cypriot partner to develop touristic real estate project
Sawiris is contributing 80% through Gemini Holding and Makronisos with 20%
Samcrete plans to expand in west, east Cairo, and the North Coast
Pyramids Heights Residences sales reach approximately EGP 800m as of September
Alkan Group invests $600m into Citadel Plaza project over 5-year period
The group recently launched the construction of the administrative building in phase two, says chairperson
Ministry seeking to overcome slow growth in real estate sector in past years: Mostafa Madbouly
We are taking market developments into account and are planning for projects that attract new investments, says Housing Minister