Real Estate News
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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
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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.
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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.