Latest in Tag: Real Estate Highlight
Latest in Tag: Real Estate
Real estate, tourism contribute 40% of GDP
Development of New El-Alamein taking place at unprecedented rates
Coastal cities require integrated services to achieve sustainability: Developers
Promoting Egypt as a destination prerequisite for property exports
Egypt’s government issues 100 approvals for real estate projects annually
State focuses on overcoming any obstacles facing investors working in New Alamein city
EGP 200bn total investments of state, private companies in Egypt’s real estate sector annually
The Big 5 Construct Egypt 2019 exhibition will be held in September, with a total area of 20,000 sqm
ALDAU to complete its Hurghada Heights’ 2nd phase by 1Q 2020: commercial director
ALDAU Village Mall to be completed next year
Al-Wadi unveils new project in North Coast
Company launched 4th phase of Agora Sidi Abdel Rahman project in mid-July, says Commercial Director
Next Home achieves EGP 1.3bn in sales of Next Point project
Mountain Plaza’s investment amounted to EGP 500m, says sales manager
BTL House designs, establishes 4 companies’ pavilions in Aqari Exhibition
The contracts included the implementation of pavilions for First Group on 184 sqm; Edge Holding for Urban Development on 180 sqm: Residence Development on 162 sqm, and Style Home on 128 sqm.Â
DarHub contracts with valU to finance real estate units finishing
Maximum fund for every unit EGP 2.5m, instalments over 5 years
Al Sedek Real Estate intends not to increase projects’ prices
Company invests EGP 600m in real estate sector
EFG Hermes plans to establish fund for investing in real estate sector by 2020
Hermes’ expected share in education fund investments in 2019 amounts to $40m: Moussa
Think Commercial roundtable to tackle boosting tourist real estate sales
The roundtable will tackle new mechanisms of developing tourist real estate projects, international standards of this kind of projects, marketing of tourism projects, increasing tourist arrivals in Egypt.
Egypt’s real estate developers aim to benefit from AFCON to export properties
Egypt has achieved great success in organising the AFCON and dazzled the world by organising the opening ceremony
Real estate developers deny withdrawal of their lands in New Capital
In this context, it should be noted that in no case may the land be withdrawn from any of the developers contracting with the ACUD on various activities without obtaining a final judicial decision.
Real estate developers to start collecting instalments through banks over the next five years: Property Finder
Developers, brokers are to continue focusing on digital platforms to reach largest segment of future buyers
RE/MAX achieves EGP 6bn sales in H1 of 2019
Director of Business Development at RE/MAX Egypt, Sherif Mahmoud, said the company’s sales increased by 80% in the first half (H1) of 2019 to EGP 6bn, compared to EGP 3.250bn last year
MBG completes marketing 50% of Pukka Capital Walk in NAC
Al Adl pointed out that the company has achieved a 70% sales volume in the Pukka project, which includes more than 1,680 housing units on an area of 40 feddan
Saudi delegation’s visit to mega real estate projects promotes Egypt globally
Egypt needs to organise similar events, visits to encourage Arab, foreign investments, says developer
Misr Italia’s investments in Egypt to record EGP 50bn in 10 years
Company signed cooperation protocol to fund establishing an official school in New Capital
Parliament’s housing committee approves draft law cancelling old rent for non-housing units
Law contravenes ruling of Supreme Constitutional Court, says housing committee member
Amending real estate appraisal comes in favour of state projects: source
Parliament’s economic committee approves new Egyptian criteria for real estate appraisal
Palm Hills reports sales growth of 5% y-o-y
“We intend to engage in further securitisation and discounting transactions in FY 2019,” says Mansour
Egypt’s financial leasing companies direct EGP 2.4bn into market end-April
Mortgage finance companies offered loans worth EGP 392.7m during April 2019
Egypt to launch EGP 20bn worth medical tourism city in Badr
The medical tourism city to be built over 109 feddan within five years
DETGD calls for communications unit within each new city
Egypt is making strong strides in the field of digital transformation, Internet of Things (IoT), and artificial intelligence (AI) through the creation of smart cities and communities, which will put it in the ranks of technologically advanced countries in the coming period, he noted
CBE’s mortgage finance interest rate projected to reach 8-12%
The Egyptian Real Estate Council proposed to set an interest rate of 8-12% on mortgage finance for middle-income housing units
Real estate developers aim to participate in Egypt’s social, middle-income housing
The minister explained that the partnership reflects the mutual trust between the government and the private sector
Inertia’s real estate inventory reaches EGP100bn
Company’s land bank worth more than 7.5m sqm
Misr Italia achieves EGP 2bn in sales of its projects in 5 months
Company paying land instalments worth EGP 900m to ACUD during 2019, says Co-CEO
Better Home completes concrete works of Midtown Villa in NAC
Company intends to expand in NAC with more residential, commercial projects, says general manager