Latest in Real Estate Highlight
Latest in Real Estate
Real Estate Development Chamber to form a committee for property export, says chamber deputy head
The ministry will use this event to promote the investment opportunities in 14 fourth-generation cities.
It is scheduled to begin delivery of the units during 2020 and opening in March 2021
EGP 600m in pre-sales for exhibitors at the IPS Riyadh
Company has achieved EGP 1bn in sales for administrative and commercial projects
ZED Park sets a new definition to park entertainment with the launch of “Zed Park Presents”.
Earlier, a preparatory meeting of the company’s board was held in the presence of Assem Al-Gazzar, Minister of Housing and New Urban Communities.
Company to launch new online selling platform
Egypt’s developer Madinet Nasr Housing and Development (MNHD) announced on Thursday that its pre-sales (contracts and reservations) for the year 2019 reached a record EGP 6.3bn compared to EGP 5.5bn in 2018.
Moreover, the most prominent issues the market faced last year was liquidity and low purchasing power. Real estate stakeholders expect that it will be one of the challenges that will face the market in the new year due to high prices of services with fixed wages.
On the sidelines of the signing agreement’s press conference with Orange Egypt, which finalised the establishment and operation of the Administrative Capital data centre on Monday, Abdel Latif noted that the company is still receiving requests from foreign and local companies to obtain the rest of the lands in the first phase of the project, which amounts to 6,500 feddan, and the company is studying serious offers from them.
Boulos pointed out that the built-in area percentage in the project is 18%, less than the allowed 22.5%. The project also includes services such as a mall, an administrative building, and large green space and landscapes.
Company completed master planning of North Coast’s Ras El Hekma
Abbas told Daily News Egypt that there was no specific land allocated for the fund as of yet, but the ministry provides them with investment opportunities and technical support for real estate projects.
The boost is supported by four main elements, the launch of the Central Bank of Egypt (CBE) for the real estate financing initiative for middle income of EGP 50bn, the fall in the price of the dollar against the Egyptian pound, the raising of the credit limit, and payment facilities made by real estate developers.
Total investments of the company during the past years reached EGP 5bn, says chairperson
EDNC is designed as an office and retail complex and is developed with a focus on sustainability where the buildings’ form and facade are proportioned to provide ideal day-lighting through the optimum organisation of office space to encourage a healthier and productive environment by reducing its carbon footprint.
ICA has signed a protocol with ILO to commit UN member countries to provide decent jobs for marginalised people, says Ariel Guarco
Hisham Talaat Moustafa is the best Egyptian real estate developer. He was born in 1959 in Alexandria, Egypt. He is the son of late engineer Talaat Moustafa, the founder of TMG when it started as a construction company in the early 1970s.
It is more difficult to stay on top than to get there. This is what businessperson Hisham Talaat Moustafa, the best Egyptian real estate developer, is working on.
Offering service and commercial area within the project for developers through partnership system, says Association chairperson
2H19 to be stronger, driven by new project launches toward the end of the year
Chairperson of Beta Egypt Alaa Fekri pointed out that Schneider Electric will provide smart home services for the residential units whose owners request to convert their places into smart homes.
Established as a partnership between the New Urban Communities Authority and the Housing and Development Bank, City Edge represents the Ministry of Housing, Utilities, and Urban Communities in the three MoUs, Minister Assem El-Gazzar said.
Grand Plaza directs EGP 220m investments in La Mirada El Mostakbal in 2020
The company to expand in Suez governorate in the coming period
Project includes 24,000 sqm-areas for sale and construction will start in mid-2020
On the rent system, Hawk said that according to a survey conducted on 10,300 Egyptian families, of whom 25% live in housing units with old rent contracts, and 12% live in housing units with new rent contracts. About 12% of the participants in the survey are outside Cairo.
Shoura council building is being designed to be ready after elections, says ACUD chairperson
Abbas added that the contracted company has been working in the Green River area for the past six months.