Latest in Real Estate Highlight
Latest in Real Estate
The West and East Cairo regions had the highest percentage of companies investing in the commercial sector during the past year, followed by the New Administrative Capital (NAC).
Companies focus on exhibiting commercial units
Property developers will showcase their projects at the third edition of NextMove, powered by Cityscape Egypt, the latest consumer property show in Cairo, offering a holistic platform where homebuyers and investors can get all the information they need to buy their first home, holiday home, or source exclusive investment opportunities all under one roof.
He added that, despite the increase in unit supply in the local market, real estate companies continued to be successful during the first quarter of 2019 due to the increase in local and foreign demand for properties in Egypt.
Real estate exhibitions are a destination dedicated to all those looking for opportunities to move to a new housing or investment opportunity in the constantly rising real estate market.
During Future Real Estate Investments: Opportunities and Challenges roundtable held on Wednesday, Soliman noted that some axes must be addressed before expanding real estate export, such as solving residency problems for foreigners, and the implementation of necessary promotional campaigns in targeted areas.
Benten expects a 20% decline in building costs which are supported by $3.4bn subsidies provided by the government to support the private sector.
Mahmoud Abdel Mohsen, the company’s chairperson, said that the discussions tackle sustainable development, the state’s strategies so far, and the challenges facing developers.
Hassan added that the company has recently completed its contract for the Serrano project, owned by New Plan Developments, in the New Administrative Capital, and is negotiating with two other companies to provide marketing and sales consulting services.
Company will launch two new projects in Ain Sokhna and Sheikh Zayed in 2020, says chairperson
Sales of the project’s first phase reached EGP 300m, says chairperson
Sales for first phase reached EGP 700m
SECON to market 417-feddan urban area in the first phase of the project, says CEO
El-Sayed said that the company aims to expand the marketing of residential, administrative, and commercial projects during the coming period.
Group is developing a project in Al-Ain Sokhna, and will announce establishment of JV through Chinese merger, says CEO
Established in 2015, under the supervision of the Egyptian Financial Regulatory Authority (FRA), the EMF currently has 28 members involved in developing the mortgage finance industry in Egypt
Khozam said that the project is being built on 18,000 sqm and will comprise of more than 760 residential units with spaces ranging between 120-190 sqm with payment period reaching five years.
First phase of Minka’s boutique development “THE HOFT”, to be located inside of Cobalt Business District at Taj City
The company is still preparing the joint wind measurement campaign, along with other shortlisted bidders for the 250 MW West Nile wind tender
Chairperson of the CABW Abeer Essam revealed that the conference aims to strengthen the confidence in the real estate sector by providing a distinct and balanced investment environment to support this vital sector.
Fikri said that the modification is a precautionary measure to preserve interests of the clients and their investments, as well as to complete the project as soon as possible. It is also meant to abide by the contracts with customers and deliver the units with the highest possible quality.
The company eyes EGP 5bn in sales of its projects by year-end, says chairperson
Project’s target sales EGP 1.5bn, says Brickzey chairperson
Interest rate cut would increase local investment by 70%, says El-Bahay Holding chairperson
Company celebrates launching its first branch in Egypt
Mountain View eyes approximately EGP 8bn in sales of 1st phase of co-development in New Cairo, says Chairperson
At the exhibition, Makadi Heights and El Gouna will offer a wide range of properties suitable for all customer segments, including families.
Ezzat said that the proportion of commercial and administrative sales reached 40% to 50% of the sales.
Company invested EGP 200m in Golf Corner Mall
Furthermore, he pointed out that the banking and real estate sectors are currently the main supporters of the Egyptian economy, where the growth rate of the real estate sector has always been greater than the growth rate of the GDP–an indicator of the strong performance of Egypt’s real estate sector.