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SODIC, CIB sign EGP300m loan for Westown project

  /  July 19, 2014  /  Business  /  No Comments

Project expected to yield around EGP1.3bn, company says

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Real estate facing price jumps on rising building materials costs: Arabia Group chairman

  /  June 15, 2014  /  Business  /  1 Comment

Real estate experts expect price jumps in properties, as government price rises for petroleum push up the cost of building materials

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Real estate owners call amended real estate tax ‘defective’: Economist

  /  June 9, 2014  /  Business  /  8 Comments

Proposed property tax raises concerns over “double taxation”, Alia Al-Mahdi says

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Latest

Abraj Misr preparing to go public on EGX in 2015

  /  May 13, 2014  /  Business  /  2 Comments

Real estate company to implement new projects in New Cairo, Heliopolis and north coast region

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Ripplewood deal boosts optimistic expectations for Egyptian real estate market growth

  /  May 13, 2014  /  Business  /  2 Comments

SODIC is one of the largest real estate development companies listed on the Egyptian Stock Exchange, launching projects targeting strata that earn above-average income.

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ECES proposes a programme to encourage the integration of the informal sector in the formal economy

  /  May 13, 2014  /  Business  /  2 Comments

If implemented, ECES projects the programme could contribute to an 8% annual increase in tax revenues

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Latest

Correction: SODIC registers EGP 477m net loss in 2013

  /  April 23, 2014  /  Business  /  No Comments

The Daily News Egypt reported yesterday that real estate company Sixth of October Development and Investment (SODIC) reported a net profit of 229m, however, 2013 actually ended with a net loss of EGP 447m. “The read the rest…

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Bubble wrapped flats

  /  April 13, 2014  /  Opinion  /  1 Comment

Should investors in the east care about a potential housing bubble in the west?

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Egypt’s real estate prices expected to increase by 15% in 2014

  /  April 12, 2014  /  Business, Economy  /  6 Comments

High demand on property units is partly attributed to climb, says Executive Chairman of Coldwell Banker New Homes

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Egypt’s real estate market to recover in late 2014 and 2015: Jones Lang LaSalle

  /  April 8, 2014  /  Business  /  1 Comment

The international firm attributed the recovery to positive economic moves in Q1 2014

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Minister of Housing seeks partnerships with private companies to revitalise housing sector

  /  April 7, 2014  /  Business  /  2 Comments

Real estate summit Cityscape Egypt launched

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Minister of Housing to address real estate industry

  /  March 29, 2014  /  Business  /  7 Comments

More than 250 industry leaders and CEOs to map Egypt’s economy at third edition of Egypt Real Estate Summit

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Latest

Egypt regulator rets rules for index, real estate funds

  /  March 15, 2014  /  Business  /  1 Comment

Reuters – Egypt’s financial market regulator, seeking to attract capital back to the stock market, has released rules to facilitate the creation of index and real estate funds as well as amendments to margin trading read the rest…

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Latest

Emirates REIT to raise $135m in first Dubai IPO since 2009

  /  March 11, 2014  /  Business  /  1 Comment

Reuters – A real estate investment trust, Emirates REIT, said on Tuesday that it planned to raise at least AED 500 million dirhams ($135m) in Dubai’s first initial public offer of shares since 2009. The read the rest…

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Latest

Cabinet amends Property Tax Law

  /  March 8, 2014  /  Business  /  2 Comments

The amendments include establishing a committee in every governorate to survey and evaluate the rental value of properties.

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Pioneers Holding to buy 60% of Roaya Group: CEO

  /  February 19, 2014  /  Business  /  1 Comment

Reuters – Pioneers Holding plans to acquire a 60% stake in real estate investment firm Roaya Group by the end of the first quarter of this year, Waleed Zaki, the firm’s chief executive told Reuters read the rest…

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Latest

Emaar Misr signs protocol with Ministers of Defence, Investment and Local Development

  /  February 18, 2014  /  Business  /  3 Comments

Agreement kicks off work on a 4.5m square metre residential and commercial project in Moqattam

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Dubai’s Emaar Q4 net profit up 48%, beats estimates

  /  February 17, 2014  /  Business  /  1 Comment

Reuters – Emaar Properties, Dubai’s largest real estate developer, reported a 48% jump in fourth-quarter net profit on Monday, beating analysts’ estimates, as it benefited from a renewed real estate and tourism boom in the read the rest…

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Latest

Cityscape announces new real estate projects

  /  February 12, 2014  /  Business  /  1 Comment

The government is working on amending real estate legislations to attract investments, Minister of Investment says

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Cityscape conference explores opportunities for real estate investment in Egypt

  /  February 1, 2014  /  Business  /  2 Comments

Exhibition will be attended by the Minister of Housing Ibrahim Mahlab along with the industry’s key decision-makers in the sector to discuss FDI

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Latest

Housing ministry issues amendments to Construction Law

  /  January 28, 2014  /  Business  /  2 Comments

Decree issued by Minister of Housing Ibrahim Mahlab amends “executive regulations” regarding land division

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Abu Dhabi residential real estate rebounds strongly in 2013

  /  January 27, 2014  /  Business  /  1 Comment

Abu Dhabi’s real estate market slumped about 50% from its peak in 2008 after the global financial crisis triggered a crash

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Government moves to tackle real estate sector challenges

  /  January 27, 2014  /  Business  /  2 Comments

Ministry of Housing sponsors Your Estate conference to discuss the latest developments in real estate projects and finances

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Latest

Major Gulf investments in Egyptian real estate market

  /  January 8, 2014  /  Business  /  30 Comments

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.

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Latest

New agreement to facilitate Egypt’s mortgage finance signed

  /  January 6, 2014  /  Business  /  1 Comment

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.

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Latest

Ziad Bahaa El Din discusses new laws to develop real estate sector

  /  January 4, 2014  /  Business  /  1 Comment

Laws aim at facilitating property registration and mortgage financing

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Latest

Strategic partnership between Saudi Dar Al-Ma’ali and Al-Ahly for Real Estate Development

  /  December 29, 2013  /  Business  /  36 Comments

The two companies are looking at a number of new investment opportunities in real estate and tourism in Cairo and satellite cities.

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Latest

Hyde Park, New Urban Communities Authority forms strategic partnership

  /  May 29, 2013  /  Business, Economy  /  No Comments

New venture pledges commitment to Deliver Units on Schedule According to Highest Standards

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Latest

Finance Ministry to reassess taxes on hotels and resorts

  /  May 20, 2013  /  Business, Economy  /  1 Comment

Egypt’s Finance Ministry rules that real estate taxes for hotels will now be determined by their “market replacement value”

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Latest

New real estate construction in 6th of October City

  /  May 19, 2013  /  Business, Economy  /  138 Comments

Wadi El Nile Company for Agricultural Development to begin real estate project on 922 acres of land

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