Real Estate News
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Egypt: Zahraa Maadi obtains shareholders’ nod for 2022 dividends
Shareholders greenlighted the dividends proposal during the ordinary general meeting (OGM) that was held on 15 June.
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Saudi Egyptian developers, NUCA to launch M8 phase in Marina El Alamein
The “M8” resort is Marina’s latest phase and is expected to be delivered in three years.
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TMG profits exceed expectations, its share records EGP 15: Naeem Brokerage
Talaat Moustafa Group’s profit margins improved to 35.2%, up 3.4%, exceeding estimates for the value by 34%.
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Egypt's real estate market can improve with investment funds: Experts
The Egyptian real estate market can drastically improve if real estate investment funds are introduced and fully integrated into the market.
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NUCA cooperates with real estate developers to boost sector
The state is keen on continuing the growth of the property sector, as it is one of the most important economic sectors that provide huge job chances.
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Saudi’s Al-Ameriah Company requests majority stake in Heliopolis Housing Company
The Saudi company requested to acquire 70 percent of the entire shares of Heliopolis Company for Housing and Development for US$400 million.
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Beta Egypt completes 45% of third phase of Beta Greens New Cairo
Alaa Fekry told Zawya Projects that the 190-unit third phase would be completed over the next 30 months.
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Hyatt Centric brand to debut in Egypt
The 283-key Hyatt Centric Cairo West will open in the capital’s Pyramids Heights Business Park.
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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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Top10 real estate development companies in Egypt
Real estate development companies have been integral to Egypt's economic growth. They often focus on large, planned communities