Latest in Real Estate Highlight
Latest in Real Estate
ERC’s Chief Executive Officer Wael El Hatow stated that the company has completed the required various permits for the project and will be implemented within seven years. Part of the funding is secured through the company’s own resources, along with additional financing from investors.
Misr Italia Properties’ 41-feddan project, La Nuova Vista, in New Cairo has set new standards for the real estate market, he added. The project is fully implemented and already inhabited by residents featuring vast landscape areas for nature lovers, covering 90% of the project area.
Company offers 60,000 sqm- administrative area for sale in Paris malls
Hotel sector in Cairo reached highest performance levels in over 11 years: JLL
Company develops 20 different projects in New Cairo
Company has marketed about 70% of the project, says chairperson
Company sold out the first phase in a short time, says Khamis
Chairperson and Founder of Mountain View – DMG, Amr Soliman, said, “the partnership came after our visit to Silicon Valley and headquarters of Google and Facebook to benefit from their experience in this field.”
During a Sunday press conference, Emara stressed that without establishing cooperation between real estate developers and the state, there will be no new cities, noting that the state builds infrastructure of new areas, which facilitates developers’ work later.
City Edge Developments is the event’s strategic sponsor, and AAIB is the platinum sponsor
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.