Latest in Real Estate Highlight

Advertising Area







Latest in Real Estate


‘Think Commercial’ roundtable: developers demand legislations to forbid changing activity of residential units

The Deputy Minister of Housing for National Projects, Khaled Abbas, said that the state is trying to remove obstacles facing developers. For example, the ministry of housing insisted that the Reconciliation Law in building violations should not include any reconciliation in the irregularities of changing residential activity. During the ‘Think Commercial’ roundtable discussions held by …

Shaimaa Al-Aees

Implemented commercial, residential units not commensurate with market needs: Chairperson of Mountain View

During the ‘Think Commercial’ roundtable discussions held by Media Avenue and Window companies on Wednesday, developers agreed that the Egyptian market is attractive for investment in different sectors, but it is necessary to provide clear information on the size of commercial and administrative units and retail supply, as well as implement legislation prohibiting the change …

Shaimaa Al-Aees

Tatweer Misr signs MoU with NJIT, OCC to start first American IBC in Bloomfields at Mostakbal City

Tatweer Misr, an Egyptian real estate developer, signed a memorandum of understanding (MoU) with the New Jersey Institute of Technology (NJIT) and the Ocean County College (OCC) in order to establish Egypt’s first American International Branch Campus (IBC) in Egypt at Bloomfields’ project in Mostakbal City, east Cairo.  During a press conference held on Tuesday, …

Shaimaa Al-Aees

Metallurgical Holding Company, NUCA sign cooperation protocol to develop 1m sqm land plot in New Cairo

The Minister of Housing, Utilities and Urban Communities, Assem El Gazzar, and the Minister of Public Enterprise Sector, Hesham Tawfik, witnessed the signing of a cooperation protocol between the Metallurgical Holding Company, affiliated to the ministry of public enterprise sector, and the New Urban Communities Authority (NUCA), affiliated to the ministry of housing, in order …

Shaimaa Al-Aees

Master Group invests EGP 12bn in projects at NAC

Master Group announced that the company plans to direct EGP 12bn in investments in its two projects, The City and The City Valley, in the New Administrative Capital (NAC), according to Muhammad Lasheen, chairperson of the company. The City project is a residential, commercial, administrative and medical project in the NAC, in the R7 H2 …

Daily News Egypt

Wadi Degla to invest EGP 5.3bn in construction projects in FY 2020

Wadi Degla Holding will invest EGP 5.3bn in construction projects in the fiscal year (FY) 2019/20, Invest-Gate cited the Chairperson and CEO of Wadi Degla, Maged Helmy. During a roundtable discussion, Helmy announced 2019 as the Year of Accomplishments and Deliveries since Wadi Degla will deliver around 2,200 units in seven residential and touristic projects, in …

Shaimaa Al-Aees

Minister of Housing to present government’s real estate, construction strategy at Builders of Egypt Forum in April

The Minister of Housing, Utilities and Urban Communities, Assem El Gazzar, will participate in the fifth edition of the Builders of Egypt Forum on 21 April, under the title ‘Exporting the Egyptian Contracting and Real Estate: A New Future for Investment’. The minister will present the state’s plan to export real estate property, and promote …

Daily News Egypt

Land Developers launches Armonia project in NAC with total Investment of EGP 3bn

The Land Developers (TLD), a privately-owned corporate company specialising in investment, development and management of upscale residential and commercial real estate projects, made its debut in the Egyptian market by introducing its latest project, Armonia, in the New Administrative Capital (NAC).   This is the first project announcement for the joint stock company that gathers …

Shaimaa Al-Aees

Mountain View to launch ready-to-occupy units expecting EGP 1.5bn sales

Mountain View plans to launch ready-to-occupy units in its existing projects in 2019 with expected sales of EGP 1.5bn, according to Amr Soliman, the company’s chairperson. During a press conference held Tuesday, Soliman said that his company is keen on keeping 20% of the total of every project’s units to be offered later at higher …

Shaimaa Al-Aees

Tameer achieves 64% growth in sales, profits in 2018

Tameer Engineering Consultants has achieved a growth rate of 64% in its sales and profits for 2018, totalling EGP 742m, compared to EGP 453m in 2017, according to its Chairperson, Saad Al Wazzan. The company said in press statement on Thursday that it has achieved a consolidated profit of EGP 331m before cutting a minority …

Shaimaa Al-Aees

Palm Hills increases its sales by 18% in FY 18

Palm Hills Developments has achieved EGP 12.5bn sales in its project with an increase of 18% Y-o-Y, according to consolidated financial statements for the last quarter (Q4) of 2018. The statement said that the company has succeeded in selling 3,102 units in fiscal year (FY) 2018, compared to 2,136 units in FY 2017. The company …

Daily News Egypt