Latest in Tag: Real Estate Highlight
Latest in Tag: Real Estate
Rich people’s real estate is a way for hiding money: Sabbour
Low-income housing is witnessing a low turnout due to the inability of Egypt’s youth to pay as well as high interest rates.
Healthcare, pharmaceuticals and chemical sector remain under radar
Earning increases drive demand on telecommunications, whilst stable pharmaceuticals prices make it less appealing
Real estate developers seek low cost funds from EGX
Listing real estate companies allows them to increase capital to compete with foreign companies
Real estate tax crisis ongoing between banks, finance ministry
Mediation fails between the banking sector and the government over obliging banks to pay tax on defaulters’ real estate
REACAP sells 13,452 sqm land for EGP 332m
EGP 120m of Alexandria land sale went to REACAP
European tourists drive hotel room profit during Ramadan: Colliers International
Demand maintained in Cairo, while Luxor sees lowest revenues and occupancy rates
ABK acquires Piraeus-Egypt for $150m
Al Ahli Bank of Kuwait acquires 98.5% of Piraeus Bank – Egypt shares
Emaar Misr yet to receive approvals on listing 13% of stakes
UAE-based parent firm Emaar will keep 87% of shares in Emaar Misr after listing
Luxor governor, mayors allowed judicial seizure
“Decision aims at counter fighting illegal construction,” says governorate
UAE grants Egypt 50,000 social housing units
Housing units set to serve 350,000 low-income citizens in 17 governorates
Procedures for 1st mortgage union to be finalised before Ramadan: EFSA Head
CBE allocates EGP 10bn to revive mortgage initiative, expected to be spent within 12 months, says Deputy Governor
Amer Group net profits jump to EGP 16m in Q1 2015
82% of group’s revenues were from real estate sector
Current real estate executive law formulation under scrutiny: El-Sebaey
Housing Ministry took all remarks and additions by real estate developers into account to ensure executive law’s efficiency, says ministry adviser
World Bank to present mortgage system plans in Egypt
Bank participates in social housing programme providing $500m towards 1m housing units for low-income citizens
Tabarak Holding to start North Coast project early 2016: Company’s chairman
Increase of land usufruct in Ras Sedr and airport constructed to be discussed in June conference
Arab capital movement in Egyptian tourism, real estate still slow: TIA Chairman
Competition to attract Arab capital is stronger, Dubai competes in tourism and Saudi Arabia in industrial sector, says EBA Tourism Committee Chairman
Tabarak Holding targets 2015 profits of EGP 100m
Company will have an EGP 600m IPO on the Egyptian stock market
Tabarak Holding to launch EGP600m residential project with 1,300 units
“Capital East” expected to launch next month and be completed in three years, to serve middle-class youths
Real estate companies’ EGX listing offers cheap funds, expansion: Developers
While situation is stabilising in Egypt, real estate developers believe market has greater growth potential
Emaar Misr registers EGP 172.7m in Q1 net profits
Company will discuss amending the chairman’s position in a 20 April meeting
Orascom Development Holding records $37.01m net profits in 2014
The group had accumulated losses worth $171.3m in 2013
Heliopolis Company targets EGP 200m profits for FY 2015/2016
Company is studying issuing two tenders for four real estate projects
Palm Hills, MNHD sign MoU establishing residential project
Project’s revenues will range between EGP 4.6bn to EGP 5.5bn
NUCA budget doubled to EGP 28bn in FY 2015/2016
New Upper Egypt cities will have a share in Authority’s development plans
PPP mechanisms main focus of Government & Developer Summit
The summit, entitled “The new Egyptian experience for reconstruction”, is set to raise the issue of the private sector participating in government mega projects
Arabtec approval to be applied on NUCA partner projects
New Cairo, 6th of October, Sheikh Zayed and Al-Shorouk cities excluded from list of new cities in which both entities work together, says Housing Minister
Legal restrictions behind absence of Egyptian developers in Saudi Arabia
Despite growing market, countless opportunities and housing shortage, Egyptian firms unable to break ground in Gulf state
Fluctuations in oil markets affect real estate sector significantly
Cityscape Egypt to take place September 2015, says Sabbour
Delta Construction increases capital by EGP 25.7m
Company earned net profits worth EGP 4.3m in 2014, compared to EGP 7.6m in 2013, marking year-on-year decrease of 43.4%
17% of Middle East wealth builders invest in real estate: Citi
Households with financial assets of $100,000-$2m comprise world’s fastest growing wealth segment