Real Estate News
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Egypt’s Tatweer Misr announces real estate JV with Saudi’s Naif Alrajhi Investment
The JV will develop integrated urban projects and tourist resorts in Saudi Arabia.
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Real estate market in Egypt turns to US dollar – the looming threat of dollarization
Sales have recently been carried out in Egypt in dollar, amid the rise in the price of the dollar against the Egyptian pound.
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Maboudly, Real Estate Development Chamber discuss measures to boost sector
The meeting centered on discussing mechanisms and suggestions to strengthen the local real estate market.
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Egyptian property sales increase 7% in April: Aqarmap
Aqarmap, Egypt’s Real Estate Demand Index, recorded a growth of 7% in property sales in April, after a period of decline in March.
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Egypt: MNHD logs higher net profits in Q1-23
In the first three months (3M) of 2023, the basic earnings per share (EPS) climbed by 105.08% to EGP 0.12 from EGP 0.05 in Q1-22.
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Egypt's Raaed Developments commences construction of ROOTS project in New Sohag
Sabbour Consulting is the project architect while Behairy Consultant Engineering is providing engineering and construction supervision services.
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Wadi Degla Developments launches Waterside in Murano’s third phase
Murano beach stretches across 750 metres on the Red Sea shore, With investments of around EGP 8bn.
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Egypt’s office, retail space demand sees growth in 2023 despite challenges
Egypt Real Estate Report, issued by Savills Egypt, highlighted the challenges the industry has faced over the past year.
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Arkan Palm and IHG Hotels & Resorts expand partnership
The hotels, located in Arkan Palm’s 205 mixed-use project, will add 390 rooms to IHG’s portfolio in Egypt.
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Developers list their demands to revitalise, develop Egyptian real estate sector
They called for including the real estate sector in initiative to support industry, agriculture with 11% interest rate loans.
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SODIC acquires 180 acres of land on Egypt's North Coast
Located in Ras Al Hekma, Caesar is SODIC's maiden venture into coastal developments and second homes.
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Egypt: Talaat Moustafa Group announces $65.2mln contracted sales in Q1-23
Revenues enlarged by 29% to EGP 19.87 billion in 2022 from EGP 15.34 billion a year earlier.
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Egypt's Emaarcom Developments launches Mokattam Downtown
He said the project will be completed in four years, adding that Ehaf Consulting Engineers is the main consultant of the project.
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Aldar Properties reaffirms its commitment to Egypt
On Wednesday, Reuters reported that a senior executive had said Aldar will hold off any further investments in Egypt until conditions stabilize.
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Egyptian Businessman Samih Sawiris Expresses Hesitancy to Invest in Egypt
The business tycoon began by saying that the economic crisis is making it more difficult for businesses to operate.
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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.