Latest in Tag: Real Estate Highlight
Latest in Tag: Real Estate

Unregulated market, high prices are Egyptian real estate’s main challenges: Wadi Degla Chairman
I expect the real estate market to achieve high growth rates in the next period, says Helmy

Cityscape Egypt 2015 will be largest edition yet: Director
We are currently exploring the launch of an additional Cityscape exhibition in Egypt, says Molman

Dorra targets 10,000 residential units project
The company seeks to build 3,000 units per year

Cairo suburbs are most promising areas for real estate projects
Total existing residential supply in 2014 exceeded 5.2m units, with prices increasing by average of 27% since 2013, says Colliers International

Al-Fahad Holding to establish real estate development company in Egypt with EGP 50m capital
Company’s business in UAE amounts to AED 1bn, Egypt has strong growth opportunities, says Samir Abdul Hamid

Promoting partnership with private sector refreshes real estate market: Developers
Egypt comes 142nd among world countries in the period of issuing licences, says Redcon chairman

Palm Hills still negotiating on 500 acre New Cairo project
MOU for project was signed during Economic Summit in March

Cairo suffers shortage of middle-income housing: JLL
Government and developers need to cooperate in fixing the shortfall, JLL suggested

Real estate sector to experience boom that may double prices in 3 years: El-Assal
Proposing new El-Alamein lands through auction threatens development operations

Tatweer Misr launches first phase ‘IL Monte Galala’
The project is on 2.2m sq metres over five levels of the Galala Mountain, and will be developed in 5 phases

Blackstone to acquire Strategic Hotels
Blackstone has agreed to buy real estate investment trust Strategic Hotels & Resorts in a multi-billion-dollar deal. The deal is the latest move by the US private equity firm to expand its massive real estate portfolio. Strategic Hotels & Resorts said on Tuesday that Blackstone’s real estate fund is set to buy the US luxury …

Elsaeed Contracting’s H1 net profit jumps 122.9%
Company’s gross profits recorded EGP 125m in same period

SODIC’s 1H net profit hikes 25%
SODIC delivered 274 units across 8 projects in the first half of 2015, compared to 223 units in the same period last year

MNHD’s gross profit reached EGP 102m
Company says it’s on track with its Tag Sultan project

Palm Hills records highest H1 net profit in company’s history
Net profits in Q2 of 2015 register EGP 431.2m

National Real Estate Bank to develop government projects worth EGP 150m
Company is expected to soon deliver housing project for armed forces worth EGP 43m in Cairo’s Hikestep district

New Suez Canal signals many new real estate opportunities
Optimism is high amongst real estate developers set to take part in fifth and largest ever edition of Cityscape Egypt

Emaar Misr net profit increases 283% in 1H of 2015
1H revenues records EGP 1.56bn
30,000 units issued for Social Housing Programme
Represents first time for programme’s units to be issued in Giza governorate, says Madbouly

Emaar Misr boosts net sales by 20% in H1 of 2015
Real estate developer scored net sales of EGP 3.91bn in first half of current year
Amer Group establishes company in Dubai to handle projects: Investor relations manager
Company’s capital stands at AED 1,000, divided into 10 shares with a value of AED 100 per share

Metawee Group invests EGP 750m in new ‘Blue Blue’ project
Project is located in Ain Sokhna and covers 121,000 sqm

PACT to invest EGP 1.7bn in Egyptian real estate over 10 years
EGP 65m for financing White Bay project in Ain El-Sokhna, to be financed in cooperation with NBE

Trading on Emaar stocks begins Sunday, EGX-30 registers 1.16% decline
Emaar’s shares coverage is record breaking, EGX head highlighted
El-Hekma sells 140 residential units in Green Paradise project: Sales Manager
Price rise in real estate expected after government announced giant projects’ implementation, including new administrative capital, and 1m units project

Emaar Misr Board approve capital rise by EGP 600m
Firm’s current issued capital evaluated at EGP 4.019bn, set to reach EGP 4.619bn with increase

52 million subscriptions in Emaar Misr’s IPO
Subscriptions phase started on 16 June, will last until 25 June

Mountain View studies listing on EGX in 2017: CEO
By the end of the year, the company will deliver two real estate projects in the Fifth Settlement and in 6th of October City, says Soliman

SODIC expects EGP 4.5-5bn in contracted sales in 2016
Company hopes to start sales in North Coast project by end of this summer

Arab Development and Real Estate Company buys New Cairo land for EGP 3.5m
Company says it will establish real estate projects on 1,000 sqm of land