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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.
Laws aim at facilitating property registration and mortgage financing
The two companies are looking at a number of new investment opportunities in real estate and tourism in Cairo and satellite cities.
New venture pledges commitment to Deliver Units on Schedule According to Highest Standards
Egypt’s Finance Ministry rules that real estate taxes for hotels will now be determined by their “market replacement value”
Wadi El Nile Company for Agricultural Development to begin real estate project on 922 acres of land
Government killing tourism industry, says vice chairman of hotels division at Cairo Chamber of Commerce
New luxury community to display works of art by famous artists
Regional manager of global management and construction consultancy Gleeds says: “The political and economic conditions in Europe as a whole can be as fragile as they are… in Egypt”
CEO announces profits at Cityscape real estate exhibition, states that SODIC will deliver seven projects in 2013
Cash flow problems as clients default on payments
The new campaigns came as attempts by a number of real estate companies to address problems related to funding
KAD Chairman: EGP 8bn to open six branches of commercial centre Megabyte
Project will be located at the Port of Dubai and comprise of full service hotel and apartment complexes
Participation of real estate development companies to demonstrate the durability of Egypt’s economy
Interview with Hany El-Assal, chairman of Misr Italia Holding
Demand for real estate projects in the Emirate is set to increase at a faster rate than supply during the coming year, say experts