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Latest in Real Estate


ECA spots construction, land transport violations

The Egyptian Competition Authority (ECA) directed several judicial control missions to the various governorates of the republic, after monitoring a number of violations. Some manufacturers in the construction materials’ sector raised their prices to an extent not justified by market elements, and this may constitute a violation of the provisions of the competition law. The …

Daily News Egypt

25-30% increase in real estate prices after fuel price hikes

Member of the board of directors of the Egyptian Federation for Construction and Building Contractors (EFCBC), Daker Abdellah, predicted that the real estate market will witness an increase of 25-30%  in prices, following the government’s decision to increase fuel prices. Abdellah noted that unrealistic price increases are expected and are not in line with the …

Shaimaa Al-Aees

Real estate developers use famous faces to compete for Ramadan ads market share

Real estate companies have followed the example of telecommunications companies to use Egyptian and Arab artists to promote their products this Ramadan. The companies competed by featuring stars, including singers and actors. During this time of year, especially in the holy month of Ramadan, real estate companies are often keen to intensify advertisements for their …

Shaimaa Al-Aees

ACUD completes allocation of second offering of capital’s lands

The Administrative Capital for Urban Development (ACUD) announced that it has completed the allocation of all lands of the neighbourhood known as R7, the second offering in the capital, according to spokesperson Khaled El Hosseini. El Hosseini explained that R7 is on 2,500 feddans and was offered on 17 December 2017, with an average price …

Shaimaa Al-Aees

ACI enters technical expertise exchange partnership with Egyptian Engineers Syndicate

The American Concrete Institute (ACI) signed an international partnership agreement with the Egyptian Engineers Syndicate to exchange technical expertise, according to a press release from the institute. The ACI said that the agreement aims to increase collaboration and cooperation through a mutual exchange of technical expertise. The institute further noted that it is very interested …

Shaimaa Al-Aees