Real Estate News
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Egypt: SODIC’s contracted sales hit $90.2mln in Q1
The annual drop in sales was due to the limited launches in the three-month period ended March 31st.
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Orascom Development begins handover of first phase of homes in O West
Plans for 2023 are on track for the town to deliver more than 350 villas in the Whyt.
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Contact increases its mortgage finance to EGP 6m with 10-year payment plan
Contact provides mortgage finance services to individuals directly or through real estate developers.
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Q Developments expands into Egyptian real estate market
Q Developments is an Egyptian joint stock company established in 2016 and owns 50% of shares of Jumeirah Egypt for Constructions.
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Madinet Masr agrees to capital hike
Accordingly, the capital will see an increase of EGP 35 million to EGP 2.135 billion from EGP 2.1 billion.
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Talaat Moustafa Group opens the door for leasing in “East Hub'
The offering came at an Iftar party organized by the Talaat Moustafa Group, on Thursday, April 13, at the “East Hub” project in Madinaty.
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Egypt's housing construction declined by 36.6% in FY2021/22
A total of 246,100 residential units were built in Egypt during FY2021/2022, a 36.65 percent decline over the previous year.
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Q Developments initiates it business in Egypt’s real estate market
Q Developments plans to launch 3 projects in North Coast and Alexandria, with investments worth EGP 9bn.
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On 80th anniversary, Dorra maintains leadership in Egypt’s real estate market
Sultan added that the company began executing its own real estate projects such as Zayed 2000, Zayed Residence, and Zayed Heights.
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Egypt OKs new facilitations for investors, real estate developers
The facilities also include granting real estate developers a reduction of 50% on the interest applied on the due installments.
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Orascom Development: Earnings release 2022
The company's top line, bottom line, and real estate sales figures were the highest in more than ten years.
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JLL: Record inflow of FDI and substantial support from regional developers
Trading Economics recorded that FDI in the capital had reached an all-time high of USD 7.7 billion in Q1 2022.
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Heliopolis Housing’s in Egypt profits leap 234.8% YoY in 6 months
The company’s operating revenues grew to EGP 1.99 billion in the six-month period ended December 31st.
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Egypt amends controls for pricing of industrial lands
The Egyptian Cabinet approved a draft decision to amend a resolution regarding controls for the management and pricing of industrial lands.
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Egypt’s housing market is showing signs of improvement
In nominal terms, house prices surged by 25.35% during 2022, a sharp acceleration from an annual increase of 3.58% in 2021.
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Schneider Electric showcases its unique expertise in the Egyptian real estate market at MIPIM 2023 exhibition in France
The exhibition was an excellent opportunity to highlight Egypt's exceptional real estate experience on a global scale.
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Egypt’s Roya Developments, ACE Moharram-Bakhoum sign strategic partnership agreement
ACE to provide comprehensive project management and supervision services for Roya’s projects.
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Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export
Vice President of Tabarak Holding Bassem ElShorbany stated that the exhibitions in the Gulf countries met with a strong demand by Egyptian communities
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Eight Developments, Gaballah Group sign contract with Mission 235 for Revolve Mall management
He pointed that according to the state’s plan to export real estate, which contributes approximately 20% out of the Egyptian national income.
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New partnership arises between Misr El Kheir, Al-Futtaim Group Real Estate
Educational, service projects inaugurated at Manshaal Al-Dahab Al-Qibliyya village in Minya.