Latest in Real Estate Highlight
Latest in Real Estate
Gross profit grew 23% to hit EGP 630m during the period, reflecting a gross profit margin of 31%.
Despite the strategic postponement of new launches in Taj City to the third quarter of 2019 ( already launched), MNHD recorded consolidated net profit of EGP 511m in 1H 2019 compared to EGP 588m a year earlier.
Project will be self-financed by EGP 3.4bn from the company’s liquidity and sales of residential units
The hotel is a collaboration with Palm Hills Developments and G’nK Hospitality to comply with the national strategy to promote and facilitate international tourism, according to the issued press statement.
Company has marketed 90% of Serrano within eight months, says chairperson
Company’s investments reach EGP 5bn, says chairperson
Delivery of OIC’s first phase is set to begin within nine months, says OUD owner
Company aims to expand in New Capital by launching two projects
Ten companies paid only 2% of land cost
“I expect demand to continue to grow at historical high rate of 12%,” says IWAN CEO
Company’s investments in NAC reached approximately EGP 6bn, says El Kholy
Company develops EGP 700m commercial administrative project in New Cairo
Company mulls new development project in September
Company launched 4th phase of Agora Sidi Abdel Rahman project in mid-July, says Commercial Director
Company targets EGP 1bn sales in 3 months
Korean investors keen to participate in Egypt’s megaprojects, says ambassador
New phase offers 238 unfinished units
Project to include largest commercial complex serving the entire area, says GV Commercial Director
Mountain Plaza’s investment amounted to EGP 500m, says sales manager
Mahmoud said that the OIA project is spread over 30 feddan in the New Capital, composed of only 20% of building areas, which include 1,300 units.
Company marketed 30% of its sales abroad through its two branches in Austria, Paris, says marketing director
Company’s total investments amounted to approximately EGP 36bn
Project comprises of 30 commercial units, 70 administrative units
Siela project is built on an area of 10 feddan in the Kilo 57 Alexandria/Matrouh road. It includes 600 chalets with spaces ranging from 50sqm to 120sqm with a construction rate of 28% along with a range of services, as well as commercial and administrative units.
Shady Said, chairperson of Horizon, said in a press conference that Elite New Capital introduces a new and special thinking for commercial and administrative projects in plot number A3 in MU23 in New Administrative Capital.
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.
The company said on Tuesday that the mall will operate with the most sophisticated technology as well as include commercial units with small spaces starting from 45 sqm and clinics with 65 sqm with different and various payment plans without down-payments and six-year installment periods.
Company aims to acquire 1000-acre plot of land in Sheikh Zayed Extensions
The agreement marks the first instance of implementing the new mechanism set by the Egyptian government for land allocation, which was announced by Minister of Housing Assem El Gazzar and under which land plots are allocated directly to investors as per their orders.
Maximum fund for every unit EGP 2.5m, instalments over 5 years