Latest in Tag: Real Estate Highlight
Latest in Tag: Real Estate
Government moves to tackle real estate sector challenges
Ministry of Housing sponsors Your Estate conference to discuss the latest developments in real estate projects and finances
Major Gulf investments in Egyptian real estate market
Market analysts assert that the influx of Arabian capital into the Egyptian real estate market will assist in providing liquidity for small companies and subcontractors.
New agreement to facilitate Egypt’s mortgage finance signed
The agreement applies to mortgage companies that fund individuals who are willing to purchase or construct properties in new cities affiliated with the New Urban Communities Authority.
Ziad Bahaa El Din discusses new laws to develop real estate sector
Laws aim at facilitating property registration and mortgage financing
Strategic partnership between Saudi Dar Al-Ma’ali and Al-Ahly for Real Estate Development
The two companies are looking at a number of new investment opportunities in real estate and tourism in Cairo and satellite cities.
Hyde Park, New Urban Communities Authority forms strategic partnership
New venture pledges commitment to Deliver Units on Schedule According to Highest Standards
Finance Ministry to reassess taxes on hotels and resorts
Egypt’s Finance Ministry rules that real estate taxes for hotels will now be determined by their “market replacement value”
New real estate construction in 6th of October City
Wadi El Nile Company for Agricultural Development to begin real estate project on 922 acres of land
Tax on tourist facilities to apply from July
Government killing tourism industry, says vice chairman of hotels division at Cairo Chamber of Commerce
Arabia Group showcases Galleria Moon Valley at Cityscape
New luxury community to display works of art by famous artists
Bruce Haswell: Risk is a matter of perception
Regional manager of global management and construction consultancy Gleeds says: “The political and economic conditions in Europe as a whole can be as fragile as they are… in Egypt”
SODIC books EGP 1.8bn in sales during 2012
CEO announces profits at Cityscape real estate exhibition, states that SODIC will deliver seven projects in 2013
Real estate market struggling
Cash flow problems as clients default on payments
A number of real estate companies extend deadlines for payment periods in order to attract new buyers and investors
The new campaigns came as attempts by a number of real estate companies to address problems related to funding
Commercial centres investment plans
KAD Chairman: EGP 8bn to open six branches of commercial centre Megabyte
DAMAC to launch new real estate development plan in Dubai
Project will be located at the Port of Dubai and comprise of full service hotel and apartment complexes
Cityscape exhibition hoped to raise profile of real estate sector
Participation of real estate development companies to demonstrate the durability of Egypt’s economy
‘No development without security and no security without development’
Interview with Hany El-Assal, chairman of Misr Italia Holding
Egyptians invest EGP 1.4bn in Dubai real estate last year
Demand for real estate projects in the Emirate is set to increase at a faster rate than supply during the coming year, say experts
Cityscape: Real-estate leads Egypt’s growth in the coming period
Governor of Cairo outlined the city’s investment potential in tourism and industry, highlighting a number of projects available with land secured for use under Build Operate Transfer (BOT) and Public Private Partnership (PPP) models
Lower income, higher prices
Tax reforms signal the instigation of skyrocketing inflation
Potential new tax on mobile phone calls
Mobile tax, a new burden on the average citizen!?
Real estate tax expected to raise EGP three billion
Half of real estate tax revenues will be directed to bridging the budget defici
Negotiations to streamline Qatari investment obstacles underway
By Ehab El-Dobaby and Mohamed Ayyad Within the coming days, a number of officials and executive directors of Qatari companies operating in Egypt will engage in negotiations with the Egyptian government. The negotiations will hopefully streamline several conflicts pertaining to the investment contracts that were signed by these companies before the 25 January revolution. During …
B2B Marketing signs the country’s largest real-estate developers
Increase of real estate prices shows market gradual improvement, says Chairman of B2B
Amer Group’s profits slump in first half
Amer Group made EGP 126.79 million net profits during the first half of 2012, a 37.1 percent decline compared to EGP 201.435 million in the same period last year. Riad Refaat, Investors Relations Manager at the company, explained that the decline in profits is understandable given the current economic circumstances, particularly in the real estate …
Real estate developers invest EGP 500m in New Cairo
The Council Director of the New Cairo District, Kamal Fahmi, revealed that 13 real estate development companies have benefitted from the financing leeway put in place during Prime Minister Ganzouri’s tenure, the facilitation for settling the outstanding debts for the lands acquired by the city. Fahmi stated that 13 companies paid EGP 500 million, which …
Experts advocate real estate companies to partner up
By Ahmed Samir Political disturbances in Egypt affected investment in a number of sectors, particularly the real estate sector, which has suffered from a lack of liquidity and capital flow. Developers have begun to search for greater liquidity, either through joint ventures and partnerships or merging with other companies in order to increase companies’ capital. …
Misr Real Estate Assets buys land worth EGP 300m from NBE and Banque Misr
By Asmaa Nabil Misr Real Estate Assets (MREA) has purchased 27.3 thousand metres of land from the National Bank of Egypt (NBE) and Banque Misr, valued at EGP 300 million. An official at Banque Misr said that MREA won the auction held last month for the two plots of land as part of plan to …
Real estate companies on involuntary Ramadan hiatus
By Hamada Ismail With Ramadan falling during the summer this year, real estate companies are on hiatus, reorganising their plans and evaluating their accomplishments. Before Ramadan, 5 real estate expos were held, extending over 24 days. However, results disappointed companies and didn’t satisfy participants, given decreased client participation and weakened sales. Sales were expected to …