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

Cityscape Egypt holds business breakfast to discuss investment future in Egypt
Event will be on 14 January for debate, discourse, information exchange to address 2019’s most pressing real estate issues

First Group directs EGP 300m in Kazan Plaza mall
Company targets achieving EGP 800m in sales of Kenz compound, says Mostafa

Real estate companies target new customers, support property exports by participating in foreign exhibitions
Sorouh, La Mirada, MBG, Sky Bridge, Valori Real Estate, most prominent participants

Real estate market is in correction process, filtrating companies: developers
Egypt’s real estate sector directly contributes 18% to total GDP, 24% indirectly

Emirati real estate companies believe in strength of Egypt market
Companies plan to infuse further investments in promising Egyptian market in near future

Egypt real estate goes global: first stop London
Government keen to advance plans to export real estate to promote Egypt’s already surging property market, attract foreign investment into vital sector of country’s growing economy

Real estate exhibitions excellent opportunity for developers to gather in one place: RIPE Investment Adviser
Taking care of Egypt’s tourism sector will significantly boost real estate industry, says Darwish

Mortgage finance fund, best answer to overcome deceleration in real estate market: developers
Next year will witness major changes in real estate market, focused primarily on categorising serious, committed developers, capable of managing variables imposed upon them during next stage

EGYPT GATE EXPO opens Wednesday, includes 25 real estate developers
Realty fairs increase real estate projects sales, rejuvenate market, identify client needs

Real estate developers demand infrastructure, airports, launching body to export real estate
Government must form national committee to study foreign client’s needs, says Badr ElDin

ARCO acquires 410-feddan project in Sheikh Zayed with EGP 9bn investment
Company constructing hotel in New El Alamein, two hotels in CityStars Al Sahel, says CEO

State should focus on providing social housing not luxury ones: real estate developers
Government should provide incentives for developers to complete of country’s development strategy

Premium Assets to organise exhibition of real estate projects in Red Sea
All Red Sea cities experiencing high demand, particularly Ain Sokhna, following launch of New Administrative Capital, says managing director

For very first-time, government, real estate developers, exhibit in same pavilion
Egypt, country of honour, gathered over 15 companies from major real estate companies, to review most prominent projects, New Administrative Capital, New El Alamein, New Mansoura

Sorouh reveals three real estate projects at Cityscape Global 2018
Company is offering Capital Club project, with total investment of EGP 4bn

Lack of appropriate legislation, data, main challenges of real estate sector: Nozol CEO
‘70% of those looking for property do not find product that suits them’, says Ezzat

Real estate developers discuss sector development, attracting foreign investment funds
Government holds discussions with some foreign investment funds, but fears exist of decline in price of local currency, says housing minister advisor

Deceleration anticipated in real estate sector by developers
Dynamic changes happening in market, says Abla Abdel Latif

Thiqa markets 60% of TREEX exhibition in Sharjah
Meanwhile, he added that the exhibition targets the participation of 50 Egyptian investment, marketing, and finance companies, as well as banks, noting that contractual sales exceeding EGP 1bn are expected during the exhibition’s events.

PACT obtains EGP 120m loan from Arab Investment Bank
Loan targeted towards financing PACT’s White Bay

We have positive outlook for Egypt’s real estate sector: Alabbar
Opportunities available because Egypt considered promising country to invest in, says Emaar chairperson

Real estate tax participates in improving services provided to citizens: Real Estate Investment Division member
Alaa Fekry, member of the Board of Directors of the Real Estate Investment Division at the Federation of Egyptian Chambers of Commerce (FEDCOC) said that applying the real estate tax on units exceeding EGP 2m under specific conditions is a good and balanced tool to increase state resources without harming low and middle-income citizens. Fekry …

Egypt’s real estate projects in coast areas have potential to be exported
Coastal areas such as Ain Sokhna, North Coast meet needs of European customers

Op-ed review: Turkish crisis, Egypt’s real estate tax
Several writers commented on real estate taxes, which government is aiming to collect soon

Egypt’s support for real estate export enriches foreign exhibitions: Event Gate chairperson
Plan to organise group of external exhibitions in partnership between Thiqa, Event Gate

Extend time of real estate tax collecting without a fine until 15October: Finance Ministry
With the approval of Prime Minister Mustafa Madbouli, , Mohamed Maait Minister of Finance issued a decision to extend the deadline for the collection of real estate tax without penalty delay until 15 October 2018, according to press statement on Thursday. The statement said that this decision is considered to facilitate the taxpayers and to …

ETF discusses submitting memorandum to Finance Ministry to reconsider real estate tax calculation
Law subjects workers, service establishments to tax, says Rady

Issuing executive regulations law for residency in return for property purchase within a month
Head of the Real Estate Development Chamber in the Federation of Egyptian Industries, Tarek Shoukry, said that the executive regulations for law regarding granting residency for foreigners in return for property purchase, is being developed and will be issued within a month. Shoukry added that the law provides for foreign clients the right to stay …

Upturn Real Estate Development to deliver Upmood project next year
Company sold 30% of its units for Egyptian expatriates, Arab clients

150 real estate companies produce only 25,000 units annually, profit margins do not exceed 20%: EBA vice president
High land prices constitute 40-50% of project’s cost, says Fawzi