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Cairo suburbs are most promising areas for real estate projects
Total existing residential supply in 2014 exceeded 5.2m units, with prices increasing by average of 27% since 2013, says Colliers International
Al-Fahad Holding to establish real estate development company in Egypt with EGP 50m capital
Company’s business in UAE amounts to AED 1bn, Egypt has strong growth opportunities, says Samir Abdul Hamid
Promoting partnership with private sector refreshes real estate market: Developers
Egypt comes 142nd among world countries in the period of issuing licences, says Redcon chairman
Palm Hills still negotiating on 500 acre New Cairo project
MOU for project was signed during Economic Summit in March
Cairo suffers shortage of middle-income housing: JLL
Government and developers need to cooperate in fixing the shortfall, JLL suggested
Real estate sector to experience boom that may double prices in 3 years: El-Assal
Proposing new El-Alamein lands through auction threatens development operations
Tatweer Misr launches first phase ‘IL Monte Galala’
The project is on 2.2m sq metres over five levels of the Galala Mountain, and will be developed in 5 phases
Blackstone to acquire Strategic Hotels
Elsaeed Contracting’s H1 net profit jumps 122.9%
Company’s gross profits recorded EGP 125m in same period
SODIC’s 1H net profit hikes 25%
SODIC delivered 274 units across 8 projects in the first half of 2015, compared to 223 units in the same period last year
MNHD’s gross profit reached EGP 102m
Company says it’s on track with its Tag Sultan project
Palm Hills records highest H1 net profit in company’s history
Net profits in Q2 of 2015 register EGP 431.2m
National Real Estate Bank to develop government projects worth EGP 150m
Company is expected to soon deliver housing project for armed forces worth EGP 43m in Cairo’s Hikestep district
New Suez Canal signals many new real estate opportunities
Optimism is high amongst real estate developers set to take part in fifth and largest ever edition of Cityscape Egypt
Emaar Misr net profit increases 283% in 1H of 2015
1H revenues records EGP 1.56bn
30,000 units issued for Social Housing Programme
Represents first time for programme’s units to be issued in Giza governorate, says Madbouly
Emaar Misr boosts net sales by 20% in H1 of 2015
Real estate developer scored net sales of EGP 3.91bn in first half of current year
Amer Group establishes company in Dubai to handle projects: Investor relations manager
Company’s capital stands at AED 1,000, divided into 10 shares with a value of AED 100 per share
Metawee Group invests EGP 750m in new ‘Blue Blue’ project
Project is located in Ain Sokhna and covers 121,000 sqm
PACT to invest EGP 1.7bn in Egyptian real estate over 10 years
EGP 65m for financing White Bay project in Ain El-Sokhna, to be financed in cooperation with NBE
Trading on Emaar stocks begins Sunday, EGX-30 registers 1.16% decline
Emaar’s shares coverage is record breaking, EGX head highlighted
El-Hekma sells 140 residential units in Green Paradise project: Sales Manager
Price rise in real estate expected after government announced giant projects’ implementation, including new administrative capital, and 1m units project
Emaar Misr Board approve capital rise by EGP 600m
Firm’s current issued capital evaluated at EGP 4.019bn, set to reach EGP 4.619bn with increase
52 million subscriptions in Emaar Misr’s IPO
Subscriptions phase started on 16 June, will last until 25 June
Mountain View studies listing on EGX in 2017: CEO
By the end of the year, the company will deliver two real estate projects in the Fifth Settlement and in 6th of October City, says Soliman
SODIC expects EGP 4.5-5bn in contracted sales in 2016
Company hopes to start sales in North Coast project by end of this summer
Arab Development and Real Estate Company buys New Cairo land for EGP 3.5m
Company says it will establish real estate projects on 1,000 sqm of land
Rich people’s real estate is a way for hiding money: Sabbour
Low-income housing is witnessing a low turnout due to the inability of Egypt’s youth to pay as well as high interest rates.
Healthcare, pharmaceuticals and chemical sector remain under radar
Earning increases drive demand on telecommunications, whilst stable pharmaceuticals prices make it less appealing
Real estate developers seek low cost funds from EGX
Listing real estate companies allows them to increase capital to compete with foreign companies