Latest in Real Estate Highlight
Latest in Real Estate
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.
Company to build another project in the NAC in 2020, says chairperson
Arkan believes in the importance of promoting and sponsoring art and photography projects in Egypt, and the positive impact the art can have on society.
The project is located in R8 neighbourhood in the NAC, near to the service area in the new capital. Its built-up area is 20% and the rest is allocated for green spaces and artificial lakes.
Company plans to deliver Pukka project in New Capital in 2022 and 2023, says chairperson
The NUCA has handed over a 500-feddan plot of land to Emaar in Sheikh Zayed Extension City for another full-service residential project with investments worth approximately EGP 37.8bn and will create more than 70,000 direct and indirect jobs.
The authority aims to implement co-operative housing projects in New Obour, New Sixth of October, and Upper Egypt cities, says Hossam El Din Rizk
Company targets 20%increase in sales 2020, says general manager
The company has sold its first and second phases with total sales approaching EGP 350m, according to Amr Assaf, chairperson of Insight Real Estate.
Total exports of Egypt’s furniture sector are estimated at EGP 30bn, says WoodShow director
Ain Sokhna is the most attractive area for tourism and industrial investment in 2019, says Inland Properties