Latest in Highlight
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Palm Hills Development records profits of EGP 1.06bn in 2015
The company registered EGP 3.6bn in revenues
Tourism real estate developers optimistic about sale of vacation properties in 2016
There is currently domestic demand to buy vacation properties outside of Cairo, specifically in Ras Sudr and the North Coast, according to an investor with the Tourism Investors Association in the Red Sea
Metawee Group launches La Vida Compound’s second phase
The company implemented 60% of the project, costing approximately EGP140m
Ministry of Housing secures loans of EGP 3bn for Social Housing Fund
Approximately 150,000 residential units will be built by the end of this year, according to Minister of Housing
Real Estate Investment Division awaits comment from Ministry of Housing regarding Developer’s Union Law
New law protects customers in case of struggling companies and establishment of risk security fund
Madaar Development to invest EGP 700m in Azha in 2016
Gasser Bahgat, chief executive of the company, said in a press conference that investments include contracts throughout the year to begin construction on 1.6m square meters of the Azha project in Ain Sokhna.
Bureaucracy biggest challenge in real estate sector: Expert
It is necessary to overcome all obstacles facing construction companies to support the Egyptian construction revolution, says Daker Abdallah
Committee formed to establish 500,000 units of middle-class social housing
The project would be important in restoring balance to the real estate sector, referring to the real estate gap for middle-income housing.
New Aswan City to see construction under much-delayed Social Housing Programme
The Ministry of Housing announced the construction of 4,000 units; 640 units already constructed
FEDCOC investors focus on low to median housing and Real Estate Developer’s Union Law
The FEDCOC seeks to add 500,000 housing units and prompt action on the union’s law by year’s end
Real estate division requests amendment of Article 34 of executive regulations
Companies that implemented 85% or more of projects should be exempted from additional payment for any delays
Government offers real-estate for investment in 2016
New developments will include administrative capital, East Port Said and New Alamein, says investment minister
Cairo hotels to profit despite lack of tourists: Colliers
Sharm El-Sheikh and Hurghada revenues suffers losses
SODIC registers EGP 224m profits
The company delivered 425 units across eight projects during the first nine month of 2015
NUCA activates real estate executive rule
Lands granted to investors in Upper Egypt cities at fixed prices with facilitated procedures
Mortgage finance grows by 57% in first 9 months of 2015
Companies with foreign capital were allowed to finance mortgage in July 2014
Real estate development key for growth: Investment minister
Infrastructure, transport, and tourism real estate investment projects account for large share of Matruh conference, says Salman
Dubai’s Mada’in Properties to invest in Matruh
Projects will be in real estate, agriculture and tourism sectors
Real Estate sector achieved good growth: Metawee Group’s Chairman
The group’s investments exceeded EGP 1bn during the current year
Increase in tourism supports real estate growth: Lamudi report
Tourists’ arrival increases demand for new developments
Economic court fines real estate marketing company for misleading advertising
The Cabinet Workers Association had filed a complaint to the Consumer Protection Agency and violations were discovered: CPA Chairman
Jordan’s Masaken Capital to acquire Cairo-based firm
Masaken Capital targets stock markets listing, projects for limited-income individuals
Sale of high-end real estate projects in Egypt slowing down: Pharos
The purchasing power of consumers is no longer able to absorb new projects
Abu Soma expected to inject EGP 2bn-3bn in Egypt, next 5 years: CEO
The company behind its namesake peninsula is planning to open three new hotels in the next three years
Misr Italia to establish 500 acre residential project in 6th of October City
Project will include administrative and commercial projects
Palm Hills wins ‘best residential project award’ in Egypt Cityscape Awards ceremony 2015
Real estate company Palm Hills Developments have been awarded the coveted ‘Residential Project of the Year’ at this year’s Cityscape Awards for Real Estate in Egypt. Palm Hills won the award for its ‘Golf Views Neighbourhood’ project. The company is carrying out the extension of its winning project “Golf Extension” in 6th of October City, …
60% of real estate demand is in low-income tranche: AqarMap CEO
In 2014, approximately 10,200 units worth EGP 5.5bn were sold through AqarMap’s website, says Almsaodi
Egyptian real estate is strong hedging tool against currency, inflation risks: DMG Chairman
General plan to develop 470 acres in partnership with Ministry of Housing within nine months
Tabarak Holding launches ‘Ninety Avenue’ at Cityscape
Daily News Egypt interviewed Tabarak Holding’s Chairman Ali El Shorbany to discuss the company’s latest projects and its participation in Cityscape Exhibition. What is the value of Tabark Holding’s targeted investments by the end of 2015? The company is planning to pump investments of EGP 2bn over the next year (2016), as we are willing …
Unregulated market, high prices are Egyptian real estate’s main challenges: Wadi Degla Chairman
I expect the real estate market to achieve high growth rates in the next period, says Helmy