Latest in Real Estate Highlight
Latest in Real Estate
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
City will receive about 18,000 athletes annually
The proposals would help to coordinate between the four entities in order to find innovative solutions to some of the problems affecting the growth of real estate investment in Egypt.
El-Dessouky further noted that the company achieved sales exceeding EGP 2bn for developers in 2018.
Lasheen noted that the two projects’ investments amounted to EGP 12bn.
Fakhry added that the company offers its customers discounts for a limited period up to 20% when contracting on the second phase of the project, noting that the second phase is scheduled to be delivered in 2021.
According to the press statement, the strong growth in revenues was driven mainly by Villette which contributed to circa 50% of the delivered value.
TMG Holding announced an increase of its property revenue to EGP 1.2bn by end March
In 2018 TMG achieved EGP 1.7bn in profits, followed by MNHD with EGP 1.08bn, Palm Hills EGP 811.7m
New Administrative Capital expected to participate in Intelli-Cities: Kamal
Company completed pilot operation, started actual operation of centre: Centre Manager
Company recorded EGP 1.4bn in sales for developers during 2018: Chairperson
Company plans to launch 400 new housing units in Agora Sidi Abdel Rahman in North Coast this year
Madinet Nasr Housing and Development (MNHD), an urban developer in Egypt, recorded consolidated revenues of EGP 634.2m in the first quarter (Q1) of 2019, up 3.8% year-over-year (y-o-y) from the EGP 610.8m recorded during Q1 of 2018. MNHD announced on Thursday its results for Q1 ending 31 March 2019, reporting that consolidated net profits for …
Chairperson of the Egyptian Real Estate Council, Adel Lotfy, said that the council has completed a draft of the proposal for developing social housing for youth in partnership with the state. Lotfy added that the council has submitted the proposal to New Urban Communities Authority (NUCA), which focused on setting a price ceiling for the …
The board of directors of the Better Home Group company issued a decision to abolish expenses of transferring units’ ownership in the company’s projects, estimated at about 6% of the total value of the residential unit, as a facilitation for customers. The company pointed out that the board of directors decided to abolish these expenses …
The investment cost for the first phase of the first sustainable “eco-city” in Egypt is EGP 2.4bn, Ahmed Hassan, chairperson of Mariout Hills Developments, a specialist in sustainable cities, said. Hassan noted that the eco-city will be located in the North Coast, explaining that it will comprise of residential units which comply with all globally …
Trulia for Real Estate has started contracting with a group of leading real estate developers in Egypt to market their residential, commercial, and coastal projects, and is negotiating to include more projects in its marketing portfolio. Ahmed Abdel Naeem, chairperson of Trulia, said his company has started contracting with 30 real estate companies to market …
Company achieved 30% of targeted sales by end of Q1 of 2019
Partnership system: investor owns 50% of unit value, Al Marasem owns other 50%
Company plans to launch new residential tourism project in Borg El Arab
Real estate prices in the Egyptian market have hiked by an average of 75% since the floatation of the Egyptian pound till now, according to Mahmoud Abdel Halim, chairperson of MREC for Integrated Real Estate Services. Abdel Halim noted in a press statement on Thursday that the price spikes in some projects and regions reached …
Misr Italia Properties begins the construction work of VINCI boutique residential project with investments worth EGP500m in 2019. Misr Italia Properties announced finalising a deal with three contracting companies to implement the construction works of VINCI project. With construction of the project starting in 2019, the company plans to accelerate the delivery of units in 2022. Mohamed Hany …
According to the Jones Lang LaSalle (JLL) report, performance remained strong across all sectors of the Cairo real estate market in the first quarter (Q1) of 2019. JLL added that the residential sector registered mixed performance, with sale prices slowing over the quarter, while rental rates increased on the back of limited supply of rental …
Project’s total investment worth EGP 2.2bn
The Heliopolis Company for Housing and Development (HHD), one of subsidiaries of the Holding Company for Construction and Development affiliated to the ministry of public enterprise sector, intends to sell 44 plots of land on the main streets of the Sheraton area, in east Cairo. The HHD’s Managing Director, Sahar Al Damati, said in press …