Real Estate News
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Egypt offers land to foreign investors for housing projects
The New Urban Communities Authority (NUCA) unveiled the offer which involves nearly 597 acres (2.4 million sq metres) of land in New Cairo City.
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Banks inject EGP 53.2bn in mortgage financing initiative for low-income individuals
This comes within the framework of the mortgage financing initiative for low-income individuals, until the end of January 2023, which is 95.8% of fund
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The "Nile Property Expo" has gained the Prime Minister's patronage in 2023
Dr. Mostafa Madbouly, Prime Minister, agreed to sponsor the "Nile Property Expo" and Conference during 2023.
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AAIB could exit Palm Hills in stake sale to Emirati investor
Arab African International Bank (AAIB) is looking to sell its entire 12.7% stake in EGX-listed Palm Hills Developments to Emirati investment.
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Egypt unveils new support for new cities’ real estate developers
Projects that have been or are being granted a grace period in exchange for fees, they will be also granted the 20% deadline extension.
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Egypt's White Eagle Developments launches Darvell Business Complex in the NAC
$26mln commercial project is scheduled to be completed in two years.
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Iraqi NIC plans housing projects with Orascom
The Chairman of the National Investment Commission discussed on Tuesday a number of investment opportunities in the real-estate sector with OIH.
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Mountain View achieves a remarkable sales milestone of EGP 31bn in 2022
With this exceptional sales record, Mountain View continues to maintain its position among the largest real estate developers in terms of sales.
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ODE’s net real estate sales jump 20.7% YoY in 2022
O West was the biggest contributor to new sales with 44.3%, followed by El Gouna with 9.5%.
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Real estate officials present urgent solutions to solve sector problems
The meeting concludes with a set to solutions to mitigate the impact of recent crisis on the market, including adding a net-zero interest period.
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El Batal Developments finished concrete works of the largest administrative building
"El Batal Developments" Company will be preparing during next February to complete all concrete works for its "Rock Capital 1" project.
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TMG contributes with EGP 5bn in CSR programmes
Hisham Talaat Moustafa said that TMG believes in the need to embody its CSR as a "moral and professional value".
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Magnom and Forbes to build zero-carbon ‘Forbes’ tower in Cairo
The striking, beautifully futuristic 'Forbes International Tower’ has a contextually responsive soaring glass, steel, and photovoltaic-laced design.
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Inertia Egypt secures $44.87mln bridge loan from two banks
Inertia Egypt CEO Ahmed El-Adawy reiterated the importance of supporting the real estate segment by the banking sector.
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Property Finder plans for greater investments in Egypt
They are committed to enhancing the home search experience in Egypt in line with National Strategic Plan for Urban Development 2052.
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People & Places awards EGP1.6bn construction contracts for its North Coast development
People & Places, announced the signing of contracts with Solid and ASASS Construction companies for investment value of EGP 1.6bn.
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London's Chestertons launches in Egypt
Chestertons will create and implement concrete steps towards the integration of the next stage of brokerage standards.
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Egypt’s Cornerstone Development to deliver The Curve by end-2024
Developer will start construction of commercial area within The Curve to serve the residents.
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Chestertons launches in Egypt via strategic partnership with Gemini for real estate brokerage
Aims to create and implement concrete steps towards the integration of the next stage of brokerage standards in Egypt.
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Talaat Moustafa Group beats sales expectations by 28% to EGP 33.2bn in 2022
The company’s sales exceeded its expected limit of EGP 26.24bn by 28%.