Latest in Tag: Real Estate Highlight
Latest in Tag: Real Estate
El Mostakbal to meet real estate developers to answer inquiries on upcoming bid
The meeting will be held for the purpose of responding to the companies’ inquiries for the development of competitive investment plans and strategies with more stability and accuracy, company chairperson Essam Nassif said
Al-Futtaim real estate plans to sign EGP 1bn in contracts in 2016
The company will not participate in the New Administrative Capital or any tourism projects
EBA, Housing Ministry plan meeting to discuss real estate investment in Egypt
Partnerships between the government and private sector developers remains inadequate, says EBA member
Egypt, UAE discuss cooperation in real estate projects
Sheikh Hamed Bin Zayed Al Nahyan assured the UAE’s interest in participating in the Sinai Development Project
Real estate marketing companies expect 25% to 30% increase in prices
Prices cannot be brought down; it is possible they could stabilise but they will likely continue to increase, says 8 Gates CEO
Property tax: Will it reach government’s expectations?
FY 2016/2017 property tax is estimated at EGP 2.4bn and expected to collect EGP 1.1bn
Cityscape Group to conduct trade exhibition after Ramadan
The real estate company introduced between 20 and 30 new company booths at its recent Cityscape Egypt 2016 trade exhibition, including booths from Maddar Development and Pact, says director of Cityscape Group
Al-Futtaim expects diminished growth in real estate market
Al Futtaim seeks to increase investment in Egypt despite poor economic circumstances
The Egyptian real estate leaders: how well are they doing?
The business of the Egyptian real estate market has been flourishing despite political turmoil. In this feature, Daily News Egypt compared the relative performances of the real estate companies in the past year with attention to their net profits. TMG Talaat Mostafa Group’s consolidated net profits during the first nine months of the year totaled …
New urban communities mark prime hub for developer attention
Approximately 52% of Cairo residents can only afford residential units priced between $26,000 and $35,000
Wadi Degla targets capital increase to EGP 800m, sales to EGP 6bn in 2016
Daily News Egypt interviewed Wadi Degla Developments CEO Maged Helmy to discuss the company’s projects, business expansion, and future projects
Tatweer Misr to inject investments worth EGP 500m in 2016: managing director
Company to submit offer to Housing Ministry to develop 1,000 acres in the Administrative Capital, participate in the Investment Division’s initiative
Ministry of Housing approaches new projects tentatively, tries to build experience, says Housing Minister Madbouly
Government plans to offer lands to investors, individuals for real estate investment in upcoming period
EGX profit multiplier of large real estate companies shows marked variance
The profit multiplier is a financial indicator that gauges a share’s trading price in the stock exchange compared to the profits achieved
State not sufficiently concerned about real estate sector: EALB deputy chairman
115 other industries are linked to sector, it is the locomotive of economy, says El-Sharqawi
Prof Estate: e-marketing pushes buying, selling in real estate market
During his speech on the second day of the CityScape Egypt conference, Olejnik said that the dependence of many countries on electronic marketing in the real estate industry helped in the activation of buying and selling
YouGov expects domestic stabilised growth in real estate over the next 12 months
The study revealed that 69% of workers and consumers in the real estate market believe that investment growth in real estate will proceed according to normal growth rates over the next 12 months
Talaat Moustafa maintains top position in land portfolio ranking at 43.2m sqm
Almost all the rest of Talaat Moustafa’s land portfolio is acquired by the Rehab project
PACT has pumped EGP 325m into its White Bay project so far: company president
In negotiations with banks to offer financing, expect to settle within five or six months, says company official
UAE real estate firms shift focus to Egypt
Abu Dhabi-based Capital Group Properties (CGP) has implemented several large-scale projects in many countries worldwide, including the UAE, the United Kingdom, the Seychelles, Montenegro, and Sri Lanka
Real estate investors criticise government’s land-offering procedure
State monopoly’s on land offerings is behind price increase, says EBA chairman at CityScape conference
69% of real estate professionals confident in market growth
Investors and real estate professionals have much to be optimistic about
Real estate developers demand increase of joint projects
Chairman of Jones Lang LaSalle-Egypt (JLL-Egypt) Ayman Sami said the employment of the public-private partnership (PPP) system in the implementation of housing projects would help mitigate the housing crisis, especially in projects allocated for low-income citizens
Real estate search engine looks to expand in region
Aqarmap to target three locations in Morocco
Capital Group launches first real estate project in Egypt
The total project investments amount to EGP 40bn, on an area of 1212 acres
New measures to attract applicants for Mortgage Finance fund
Interest rates reduced to 5% from 7%
Economic uncertainty negatively affects real estate deliveries: JLL
Some 7,500 residential units were delivered, compared to 30,000 units forecasted by developers
RTVC to invest EGP 4bn in its Stella Di Mare II project
Sales of the projects are estimated to amount to EGP 5bn
EHDR to launch real estate investment fund with EGP 60m capital
Fund will be establish in three months and will present EGP 3bn in securities
Real estate investment growth dependent on launch of funds
We expect the launch of more than one real estate investment fund through 2016, says assistant minister of housing