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The website’s online visitors reached one million visitors last month, compared to 300,000 two years ago
Egypt’s construction and real estate market has growth potential, says real estate company regional director
Amended law says hotels, clubs, hospitals, medical centres and clinics affiliated to the armed forces are exempted from paying taxes
Instalments to be paid over the coming years
Strongest performance in the residential sector, with no major changes in office and retail sector, but hotel sector close to worst level of its cycle
Project expected to yield around EGP1.3bn, company says
Real estate experts expect price jumps in properties, as government price rises for petroleum push up the cost of building materials
Proposed property tax raises concerns over “double taxation”, Alia Al-Mahdi says
Real estate company to implement new projects in New Cairo, Heliopolis and north coast region
SODIC is one of the largest real estate development companies listed on the Egyptian Stock Exchange, launching projects targeting strata that earn above-average income.
If implemented, ECES projects the programme could contribute to an 8% annual increase in tax revenues
The Daily News Egypt reported yesterday that real estate company Sixth of October Development and Investment (SODIC) reported a net profit of 229m, however, 2013 actually ended with a net loss of EGP 447m. “The company actually made a net loss. This [229m net profit] would have been the figures if not for the take-offs,” …
Should investors in the east care about a potential housing bubble in the west?
High demand on property units is partly attributed to climb, says Executive Chairman of Coldwell Banker New Homes
The international firm attributed the recovery to positive economic moves in Q1 2014
Real estate summit Cityscape Egypt launched
More than 250 industry leaders and CEOs to map Egypt’s economy at third edition of Egypt Real Estate Summit
Reuters – Egypt’s financial market regulator, seeking to attract capital back to the stock market, has released rules to facilitate the creation of index and real estate funds as well as amendments to margin trading rules. Sherif Samy, head of the Egyptian Financial Supervisory Authority, said the changes would increase liquidity in the market and …
Reuters – A real estate investment trust, Emirates REIT, said on Tuesday that it planned to raise at least AED 500 million dirhams ($135m) in Dubai’s first initial public offer of shares since 2009. The company will use proceeds from its IPO on the Nasdaq Dubai bourse for possible future acquisitions and investment in existing …
The amendments include establishing a committee in every governorate to survey and evaluate the rental value of properties.
Reuters – Pioneers Holding plans to acquire a 60% stake in real estate investment firm Roaya Group by the end of the first quarter of this year, Waleed Zaki, the firm’s chief executive told Reuters in an interview. The deal is expected to cost around EGP 1bn ($144m), he said. Pioneers specialises in brokerage services, …
Agreement kicks off work on a 4.5m square metre residential and commercial project in Moqattam
Reuters – Emaar Properties, Dubai’s largest real estate developer, reported a 48% jump in fourth-quarter net profit on Monday, beating analysts’ estimates, as it benefited from a renewed real estate and tourism boom in the emirate. The builder of the world’s tallest tower posted a quarterly profit of AED 756m ($206m), compared with AED 512m …
The government is working on amending real estate legislations to attract investments, Minister of Investment says
Exhibition will be attended by the Minister of Housing Ibrahim Mahlab along with the industry’s key decision-makers in the sector to discuss FDI
Decree issued by Minister of Housing Ibrahim Mahlab amends “executive regulations” regarding land division
Abu Dhabi’s real estate market slumped about 50% from its peak in 2008 after the global financial crisis triggered a crash
Ministry of Housing sponsors Your Estate conference to discuss the latest developments in real estate projects and finances
Market analysts assert that the influx of Arabian capital into the Egyptian real estate market will assist in providing liquidity for small companies and subcontractors.
The agreement applies to mortgage companies that fund individuals who are willing to purchase or construct properties in new cities affiliated with the New Urban Communities Authority.