Latest in Real Estate Highlight
Latest in Real Estate
In this context, it should be noted that in no case may the land be withdrawn from any of the developers contracting with the ACUD on various activities without obtaining a final judicial decision.
Developers, brokers are to continue focusing on digital platforms to reach largest segment of future buyers
Director of Business Development at RE/MAX Egypt, Sherif Mahmoud, said the company’s sales increased by 80% in the first half (H1) of 2019 to EGP 6bn, compared to EGP 3.250bn last year
Better Home Group’s General Manager Ashraf Adel said that organising the Africa Cup of Nations (AFCON) in Egypt supports the country’s tourism and investment promotion initiatives and confirms its restored political and security stability
Al Adl pointed out that the company has achieved a 70% sales volume in the Pukka project, which includes more than 1,680 housing units on an area of 40 feddan
Company invests EGP 250m during current year
Egypt needs to organise similar events, visits to encourage Arab, foreign investments, says developer
Company signed cooperation protocol to fund establishing an official school in New Capital
Law contravenes ruling of Supreme Constitutional Court, says housing committee member
Parliament’s economic committee approves new Egyptian criteria for real estate appraisal
“We intend to engage in further securitisation and discounting transactions in FY 2019,” says Mansour
Mortgage finance companies offered loans worth EGP 392.7m during April 2019
Project to be built over 109 feddan within five years
Egypt is making strong strides in the field of digital transformation, Internet of Things (IoT), and artificial intelligence (AI) through the creation of smart cities and communities, which will put it in the ranks of technologically advanced countries in the coming period, he noted
The Egyptian Real Estate Council proposed to set an interest rate of 8-12% on mortgage finance for middle-income housing units
The minister explained that the partnership reflects the mutual trust between the government and the private sector
The project is located in the R7 diplomatic area overlooking the main road, and will offer 1,376 housing units varied between luxury apartments, duplexes, and penthouses with areas ranging from 122 sqm to 366 sqm. Fahmy noted that the company plans to begin project delivery in 2023.
Company’s land bank worth more than 7.5m sqm
During the company’s press conference on Wednesday, Amr El Kady, CEO of City Edge said that the first contract was signed with ASGC Group for EGP1.4bn for the Etapa Square project except for the hotel part of the project, which is being implemented until 2022.
The OIA project is spread over 30 feddan in the NAC, composed of only 20% of building areas, which include 1,300 units.
Company paying land instalments worth EGP 900m to ACUD during 2019, says Co-CEO
Company intends to expand in NAC with more residential, commercial projects, says general manager
Company has achieved EGP 4bn in sales during 2018, says CEO
Project’s investments worth EGP 59bn, says Badr El-Din
Amer revealed that the company plans to inject EGP 300m in investments in the third phase of ClubView that will comprise of units with sizes ranging between 132-452 sqm.
Launching residential, administrative project in Degla Maadi area soon
Company plans to deliver project in May 2022, says sales manager
Company plans to offer second phase of Malaaz North Coast project in July, says managing director
Company disburses EGP 1.8bn out of EGP 3.2bn worth credit facilities
Company will deliver 8 residential buildings during current year