Latest in Real Estate Highlight
Latest in Real Estate
Pyramids Developments records EGP 600m in sales of Grand Square mall
Company intends to begin construction works in 2 new projects in H2 of 2019, says chairperson
Metallurgical Holding Company, NUCA sign cooperation protocol to develop 1m sqm land plot in New Cairo
The Minister of Housing, Utilities and Urban Communities, Assem El Gazzar, and the Minister of Public Enterprise Sector, Hesham Tawfik, witnessed the signing of a cooperation protocol between the Metallurgical Holding Company, affiliated to the ministry of public enterprise sector, and the New Urban Communities Authority (NUCA), affiliated to the ministry of housing, in order …
SAK Developments targets EGP 200m in sales of Cityscape exhibition
Company aims to achieve total sales of about EGP 500m this year, says CEO
Master Group invests EGP 12bn in projects at NAC
Master Group announced that the company plans to direct EGP 12bn in investments in its two projects, The City and The City Valley, in the New Administrative Capital (NAC), according to Muhammad Lasheen, chairperson of the company. The City project is a residential, commercial, administrative and medical project in the NAC, in the R7 H2 …
Housing Ministry surpasses real estate developers in sales of new cities
No competition exists between state, developers in new cities, says NUCA assistant housing minister
Real estate sector to prosper by 2020 following inauguration of 14 new cities
Country suffering from gap between offered, required social housing units due to high population growth
Wadi Degla to invest EGP 5.3bn in construction projects in FY 2020
Wadi Degla Holding will invest EGP 5.3bn in construction projects in the fiscal year (FY) 2019/20, Invest-Gate cited the Chairperson and CEO of Wadi Degla, Maged Helmy. During a roundtable discussion, Helmy announced 2019 as the Year of Accomplishments and Deliveries since Wadi Degla will deliver around 2,200 units in seven residential and touristic projects, in …
Private firms, government agree to issue real estate sector regulatory law
May Abdel Hamid, the CEO of the Social Housing Mortgage Finance Subsidy Fund, agreed with representatives of real estate companies on the importance of issuing a new law which will regulate the real estate sector during her speech at the fifth real estate summit which was organised by the American Chamber of Commerce in Egypt …
Opening of GEM will increase real estate demand, sales in west Cairo: SODIC
Government exerts substantial efforts to internationally promote Egypt’s real estate sector
Think Commercial’s roundtable discuss future of non-residential real estate projects
The first roundtable in Egypt on non-residential real estate projects, including commercial, medical, and administrative, on 20 March, titled ‘Think Commercial’ at the Nile Ritz Carlton hotel, under the sponsorship of the Minister of Housing and Urban Communities, Assem El Gazzar. The roundtable discussion will be attended by the Deputy Minister of Housing for National …
Minister of Housing to present government’s real estate, construction strategy at Builders of Egypt Forum in April
The Minister of Housing, Utilities and Urban Communities, Assem El Gazzar, will participate in the fifth edition of the Builders of Egypt Forum on 21 April, under the title ‘Exporting the Egyptian Contracting and Real Estate: A New Future for Investment’. The minister will present the state’s plan to export real estate property, and promote …
Land Developers launches Armonia project in NAC with total Investment of EGP 3bn
The Land Developers (TLD), a privately-owned corporate company specialising in investment, development and management of upscale residential and commercial real estate projects, made its debut in the Egyptian market by introducing its latest project, Armonia, in the New Administrative Capital (NAC). This is the first project announcement for the joint stock company that gathers …
Mountain View to launch ready-to-occupy units expecting EGP 1.5bn sales
Mountain View plans to launch ready-to-occupy units in its existing projects in 2019 with expected sales of EGP 1.5bn, according to Amr Soliman, the company’s chairperson. During a press conference held Tuesday, Soliman said that his company is keen on keeping 20% of the total of every project’s units to be offered later at higher …
Castle Development invests EGP 800m in East Side at NAC
Project offers medical, office retail spaces spread over 7,600 sqm, will be delivered by 2021
Pyramids Developments to launch two tourism projects in North Coast, New Alamein during H2 of 2019
Pyramids Developments plans to launch two tourism projects in both the North Coast and New Alamein in the second half (H2) of 2019, according to Tayeb Mohamed Tayeb, the vice chairperson of the company. Tayeb said that the company plans to launch a series of investment projects for the company in real estate, tourism and …
Tameer achieves 64% growth in sales, profits in 2018
Tameer Engineering Consultants has achieved a growth rate of 64% in its sales and profits for 2018, totalling EGP 742m, compared to EGP 453m in 2017, according to its Chairperson, Saad Al Wazzan. The company said in press statement on Thursday that it has achieved a consolidated profit of EGP 331m before cutting a minority …
Arkan launches Jessy Hills in Sixth of October with EGP 250m investments
Company preparing to implement 10 schools with EGP 2bn investments
Aristo signs exclusive agency contract to market its real estate projects in Egypt
Company handed over 265 projects with investments over $6bn
Hotels, administrative, residential projects most active in current year: JLL
Real estate prices expected to hike between 5%-10%, says Ayman Sami
Egypt’s real estate market expected to attract foreign direct investment for 2019/21
The real estate market in Egypt continues to present positive growth indicators for the upcoming 2019 to 2021 period, according to Ayman Sami, the JLL country head-Egypt. Sami noted that the market is expected to attract foreign direct investment in order to restore the international position of Cairo as a competitive and a leading real …
Housing Ministry targets construction of 40,000 housing units at NAC end-June 2020
The Minister of Housing, Utilities and Urban Communities, Assem El Gazzar, said that the ministry aims to complete the implementation of more than 40,000 housing units as well as, completing a number of utilities and services projects in the New Administrative Capital (NAC) by the end of June 2020. The projects, due to be completed …
Video: Hisham Talaat among the 50 most influential figures in the Egyptian economy, why?
Hisham Talaat Moustafa, is one of the most influential figures in the Egyptian Economy and “Talaat Moustafa Group” is the “Pioneering Real Estate Developer – 2018”
Palm Hills increases its sales by 18% in FY 18
Palm Hills Developments has achieved EGP 12.5bn sales in its project with an increase of 18% Y-o-Y, according to consolidated financial statements for the last quarter (Q4) of 2018. The statement said that the company has succeeded in selling 3,102 units in fiscal year (FY) 2018, compared to 2,136 units in FY 2017. The company …
Road development continues to be GCC’s top priority with projects worth over $122bn: report
The total value of active infrastructural projects in the Gulf Cooperation Countries (GCC) has reached to $1.14tn with roads, highways, and bridges with the highest number of projects, according to the latest report released by Orient Planet Research, an Orient Planet Group venture. The report titled ‘Fast Tracking Development: Road Infrastructure in GCC’ cited a …
El Attal’s Park Lane project achieves EGP 122m sales in first day of offering
Housing units for medium-income individuals should be offered through partnership between state, private sector
First Group showcases two projects in Everest Real estate Exhibition in Kuwait
Diversity of real estate sector in Egyptian market adds to its regional competitive advantages
AURD launches first Arab conference for investment in Egypt
Event aspires for Arab common market, economic integration, trade exchange, economic unity
ALMF.CA considers increasing real estate investments to EGP 500m
Government’s IPOs on EGX considered one of most important investment aspects, says El Kherbawy
Egypt’s National Strategic plan 2052 aims to increase urban areas to 14%
Total of 709,000 low-income housing units are being implemented, says Assem El Gazzar
City Edge launches first phase of Al Maqsad in NAC
Project spans over 211 feddan in R3 region at NAC