Latest in Real Estate Highlight
Latest in Real Estate
Company targets EGP 1.2bn contractual sales next year
Sustainability is a big and comprehensive concept, including green architecture, which preserves the environment, says MHDH co-founder
CEO of Orouba Misr Development Hazem El-Deeb said that the new commercial centre is the fourth, following Alexandria and Tanta Malls and El-Sharkia Skyline Project, and will be considered the seventh amongst the company’s total projects.
Ajna to invest EGP 15bn over next 5 years in projects in Ain Sokhna, North Coast
Company directs EGP 200m in construction works in current year, says chairperson
Company launched the project in NextMove exhibition with 15% discount
Company has sold two phases of Green Avenue New Capital
Company is considering a non-residential project to be announced soon, says chairperson
Managing Director of AGD, Mohamed El Attal said that this contract will be the beginning of a number of other real estate projects between AGD and Zidan during the coming period within the company’s strategic plan to expand in New Cairo.
Dubai’s real estate sector has achieved AED 80bn in 2018, says DLD assistant director
Diversification is key for Egypt’s real estate sector
SODIC had broken ground last year following the successful launch and selling out of EGP 2bn worth of single-family homes in SODIC East, which has launched its next phases, now under construction, and is progressing ahead of schedule on track for delivery starting November 2021.
The West and East Cairo regions had the highest percentage of companies investing in the commercial sector during the past year, followed by the New Administrative Capital (NAC).
Companies focus on exhibiting commercial units
Property developers will showcase their projects at the third edition of NextMove, powered by Cityscape Egypt, the latest consumer property show in Cairo, offering a holistic platform where homebuyers and investors can get all the information they need to buy their first home, holiday home, or source exclusive investment opportunities all under one roof.
He added that, despite the increase in unit supply in the local market, real estate companies continued to be successful during the first quarter of 2019 due to the increase in local and foreign demand for properties in Egypt.
Real estate exhibitions are a destination dedicated to all those looking for opportunities to move to a new housing or investment opportunity in the constantly rising real estate market.
During Future Real Estate Investments: Opportunities and Challenges roundtable held on Wednesday, Soliman noted that some axes must be addressed before expanding real estate export, such as solving residency problems for foreigners, and the implementation of necessary promotional campaigns in targeted areas.
Benten expects a 20% decline in building costs which are supported by $3.4bn subsidies provided by the government to support the private sector.
Mahmoud Abdel Mohsen, the company’s chairperson, said that the discussions tackle sustainable development, the state’s strategies so far, and the challenges facing developers.
Hassan added that the company has recently completed its contract for the Serrano project, owned by New Plan Developments, in the New Administrative Capital, and is negotiating with two other companies to provide marketing and sales consulting services.
Company will launch two new projects in Ain Sokhna and Sheikh Zayed in 2020, says chairperson
Sales of the project’s first phase reached EGP 300m, says chairperson
Sales for first phase reached EGP 700m
SECON to market 417-feddan urban area in the first phase of the project, says CEO
El-Sayed said that the company aims to expand the marketing of residential, administrative, and commercial projects during the coming period.
Group is developing a project in Al-Ain Sokhna, and will announce establishment of JV through Chinese merger, says CEO
Established in 2015, under the supervision of the Egyptian Financial Regulatory Authority (FRA), the EMF currently has 28 members involved in developing the mortgage finance industry in Egypt
Khozam said that the project is being built on 18,000 sqm and will comprise of more than 760 residential units with spaces ranging between 120-190 sqm with payment period reaching five years.
First phase of Minka’s boutique development “THE HOFT”, to be located inside of Cobalt Business District at Taj City