Latest in Tag: Real Estate Highlight
Latest in Tag: Real Estate
This comes particularly given the competitive global advantages of domestic real estate. As a result, the Chamber has contracted with Nova Media, a regional entity in the GCC market and which has offices spread across that region.
The move comes as part of the company’s expansion plans in Egypt. According to the company’s CEO Adel Galal, the new residential project will be executed over an area of 15 acre in Zayed City on the Cairo-Alexandria Road.
Company studying investment opportunity at New Administrative Capital
ACG-CBE, the conference’s organiser, outlined further details of the event, Egypt’s biggest real estate event which will be held under the patronage of President Abdel Fattah Al-Sisi, at a press conference.
As Egypt’s largest real estate exhibition and conference held under the patronage of President Abdel Fattah Al-Sisi, Real Gate will take place from 25-27 March at the Egyptian International Exhibition Center (EIEC) in New Cairo.
Mohamed Ibrahim, Sales Manager at Alassema Real Estate, said that the company plans to diversify its current investment portfolio, and add new real estate products in the local market.
New company expected to launch mega real estate projects in New Administrative Capital, New Alamein
Company’s net profit in Q4 of 2020 reaches EGP 656.5m
Egypt’s real estate investment and urban development account for 16% of GDP
New FDIs will be injected in Egypt whether through mergers or acquisitions
Prime Minister orders government to follow up on procedures for registering citizens with chronic diseases who wish to take COVID-19 vaccine
Company announces it ended year on net sales of EGP 6.2bn
The real estate developer, Babylon Urban Development, has signed strategic partnership contracts worth EGP 1bn with a number of companies to construct, design and manage its two office projects in the New Administrative Capital (NAC).
The Real Gate Exhibition, Egypt’s first hybrid real estate exhibition and conference, is set to take place at the Egyptian International Exhibition Center (EIEC) in New Cairo from 25-27 March.
NAC will have strong impact on revival of real estate sector
Exhibition supports states approach to promoting development projects, particularly in NAC
New developments represent 1.5% of Egypt’s total area
Government incentives to stimulate FDIs, establishment of major national projects, new smart cities behind Sky Abu Dhabi’s expansion in Egypt
Proposed law is important for regulating Egypt’s real estate market in current period, says Tatweer Misr head
Company partnered with Egypt Learning Group to introduce HaileyBury School in iCity October with investments worth EGP 500m
There is huge potential for growth in commercial and administrative projects in Egypt, said Mohamed Khaled El Assal, CEO and Managing Director of Misr Italia Properties. Customers’ needs are also constantly changing, and the sector has had to undertake a commensurate adjustment to cater to these needs. It has done so by introducing new and …
Price increases will appear in conjunction with market rebound, return of real demand for property during coming period: Pundit
Although 2020 was a difficult year for all economic sectors, Egypt’s real estate market has managed to absorb the repercussions of the novel coronavirus (COVID-19) pandemic.
Hisham Talaat Moustafa said that talks over launching a mortgage finance initiative for under-development units are very good, but outlook must be broader
Beyond 2021, demand and rents will most likely recover with gains, says Fitch
First phase of Éclat Port Said sold out within three days
Volume of Egypt’s sukuk issuances during 2021 expected to reach over EGP 10bn
Meanwhile, Rekaz Developments CEO Tamer Bakeer said that Egypt’s real estate development companies have resorted to this method for selling and making profits. Consequently, if companies offer the cash-back mechanism, then money placement is the only way to provide a return to the customer.
Essa also said that the company has directed a total of EGP 500m into its projects in the Egyptian real estate market over 2020, which has been distributed over residential and educational projects.
Colliers International has conducted a comprehensive research in Cairo regarding which factors determine price premium. The results for a well-designed mixed-use project could range from a premium of 25% to 45%.