Latest in Real Estate Highlight
Latest in Real Estate
ACUD in ongoing negotiations with Emaar, Talat Mustafa to obtain 2,000 feddan
Company plans to expand outside greater Cairo to implement real estate projects in new cities
Project delivery date estimated by 2020
All Red Sea cities experiencing high demand, particularly Ain Sokhna, following launch of New Administrative Capital, says managing director
Project sales activity implemented by Ministry of Housing expects support from state, represents opportunity for investors
MoU addressed reassessment of real estate legislation, to achieve integration, establish partnerships with international institutions, organisations in same field, says Essam
Egypt, country of honour, gathered over 15 companies from major real estate companies, to review most prominent projects, New Administrative Capital, New El Alamein, New Mansoura
Company awaiting completion of contractual arrangements with NUCA, says Mokhtar
Company is offering Capital Club project, with total investment of EGP 4bn
‘70% of those looking for property do not find product that suits them’, says Ezzat
Egypt needs to expand urban size, new cities will boost local, foreign investments in both construction, real estate sectors
Company aims to obtain 200 feddan in Fifth Settlement for new project, says CEO
Bank granted mortgage funding for 22,000 social housing beneficiaries worth EGP 500m
Pukka has been launched a year ago with various spaces on 50 feddans.
An additional 17% to remaining built up area in Taj City
Company obtained project’s ministerial approval
The school is set to be launched by 2020 and accommodating approximately 2,800 students.
Company close to receiving lands in Sadat, 10th of Ramadan cities, with a total area of 5.4m sqm
Daily News Egypt received some complaints from unit’s owners, noting that the subletting of the units is still incessant. Some owners are offering up their properties to workers and families at prices ranging from EGP 700-1,000 a month.
Exhibitors from 24 countries showcased the latest technologies for the country’s $335bn worth
Exhibitors from 24 countries showcased the latest technologies for the country’s $335bn worth construction market market
Government holds discussions with some foreign investment funds, but fears exist of decline in price of local currency, says housing minister advisor
Dynamic changes happening in market, says Abla Abdel Latif
Project’s expected sales reaches EGP 800m, says vice chairperson
Meanwhile, he added that the exhibition targets the participation of 50 Egyptian investment, marketing, and finance companies, as well as banks, noting that contractual sales exceeding EGP 1bn are expected during the exhibition’s events.
Loan targeted towards financing PACT’s White Bay
The Daily News Egypt sat down for an interview with Heijmans, the transcript for which is below, lightly edited for clarity
Tatweer Misr for Touristic Investments and Land Reclamation Company said that it has nothing to do with Tatweer Masr Real Estate Company whose funds are seized by the Inventory, Seizure and Management Committee of Muslim Brotherhood Funds.
Opportunities available because Egypt considered promising country to invest in, says Emaar chairperson
The cooperation is under the supervision of Ministry of Solidarity and the first phase includes developing 1000 units and providing 500 projects for low-income families.
Project being built over four phases with investments of EGP 4bn