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Issuing executive regulations law for residency in return for property purchase within a month
Head of the Real Estate Development Chamber in the Federation of Egyptian Industries, Tarek Shoukry, said that the executive regulations for law regarding granting residency for foreigners in return for property purchase, is being developed and will be issued within a month. Shoukry added that the law provides for foreign clients the right to stay …
Upturn Real Estate Development to deliver Upmood project next year
Company sold 30% of its units for Egyptian expatriates, Arab clients
150 real estate companies produce only 25,000 units annually, profit margins do not exceed 20%: EBA vice president
High land prices constitute 40-50% of project’s cost, says Fawzi
Real estate prices in North Coast hike between 15-35% in second half of this year
Rent prices in North Coast increased to reach EGP 6,000 per night
Real estate taxes stir controversy among property owners, industrialists
The topic of real estate taxes is one of the topics that have witnessed great controversy during the last period due to the refusal of the manufacturers and owners of the units to pay the taxes, calling on the government to cancel or postpone them. Hence, the Federation of Egyptian Industries and the chairperson of …
Maalem Group targets EGP 150m sales in current year
Company will deliver 11 buildings within 30 months, says chairperson
Egypt’s residential market sees shift from secondary to primary sales in Cairo: JLL
Investor confidence boosted by strong performance across most sectors of real estate market in Q2
No new taxes on real estate’s transactions: Moeit
Egypt has no intention to return to imposing death, inheritance taxes, according to Finance Ministry
Dubai tops Egypt to become world’s first global real estate investment destination
Total real estate transactions in Dubai rose by 15% compared to last year, says UAE’s central bank
Thiqa, UAE’s Event Gate organise TREEX exhibition in Sharjah with EGP 1bn expected sales
Event Gate plans to launch investments in Egyptian market in general, real estate market in particular
Housing Ministry to offer 120,000 social housing units in five cities
Egypt’s Prime Minister and Minister of Housing, Utilities, and Urban Communities Moustafa Madbouly announced on Tuesday offering 120,000 units in five cities within the 10th national social housing project
After fuel price hikes, real estate stakeholders demand gradual price increases on unit costs
Experts, stakeholders of market expect increase will reach 25-30%
25-30% increase in real estate prices after fuel price hikes
Member of the board of directors of the Egyptian Federation for Construction and Building Contractors (EFCBC), Daker Abdellah, predicted that the real estate market will witness an increase of 25-30% in prices, following the government’s decision to increase fuel prices. Abdellah noted that unrealistic price increases are expected and are not in line with the …
Real estate developers use famous faces to compete for Ramadan ads market share
Real estate companies have followed the example of telecommunications companies to use Egyptian and Arab artists to promote their products this Ramadan. The companies competed by featuring stars, including singers and actors. During this time of year, especially in the holy month of Ramadan, real estate companies are often keen to intensify advertisements for their …
Egypt is one of largest rising real estate markets in region: Propertyfinder
Platform has 10,000 paying customers globally, 600,000 unique users, says CEO
EEA to offer state recovered lands to real estate developers
Ahmed Abdel Hafez, chairperson of the Egyptian Endowments Authority (EEA), said that the EEA has recovered infringed upon lands and will offer them to real estate developers next month. During Hapi Investment Conference held Sunday, Abdel Hafez noted that the EEA is seeking to develop its financial sources through contracting with those developers. Moreover, the EEA is …
Sawiris to fully back out of communications investments, focus on real estate, financial services
The business tycoon hopes CBE will allow Egyptian businesspersons to establish banks
Al-Sisi ratifies amendment to law on real estate expropriation
President Abdel Fattah Al-Sisi ratified on Monday an amendment to the law on real estate expropriation for public benefit, following parliament’s approval. The amendment—which was published in the official gazette—entails that compensation will be estimated in accordance to the prices on the market at the time of implementation of the decision, plus an additional 20% …
Aqar Group targets achieving EGP 300m sales in 2018
Company aims to launch 4 new branches in Greater Cairo, North Coast, says CEO
Real estate developers compete to attract clients at Cityscape
Exhibition witnessed high demand from clients looking to benefit from exclusive offers
ARCO to invest EGP 2.2bn in projects in 2018
ARCO negotiating with ACUD to acquire 500 feddans
Projects company targets increasing Blues Tiffany sales to EGP 2bn by year-end
Blues Tiffany total investments reach EGP 10bn, says CEO
Palm Hills to direct EGP 2bn investments to real estate projects
Company will offer Capital Gardens, The Crown projects at Cityscape exhibition
NUCA allocates EGP 54bn for utilities in new fiscal year
18 ministerial approvals for over 2,000-feddan area to be issued within 2 months
NUCA is working to revitalise real estate sector: Madbouly
Authority is preparing diversified investment offering comprising partnership plots for various companies, minister says
Greek delegation promotes investment opportunities in tourism, real estate
Total Greek investments in Egypt at €1.3bn
Egypt is not on international real estate export map: Albert
Colliers expects prices to rise 10% in 2018-2019, says Colliers International Middle East director
Exporting real estate attracts attention of real estate developers
Egypt needs $750bn investment in infrastructure, says Montasir
Cityscape Egypt draws roadmap for future of real estate
The Cityscape Egypt Conference got off to a positive start on Tuesday as experts and government authorities offered updates on major government projects, revealed ongoing progress in the real estate sector, and highlighted opportunities and challenges in the industry. The conference, which is taking place on Monday and Tuesday, is a prelude to the Cityscape …
Real estate developers eager to invest in Upper Egypt; challenges remain
Upper Egypt needs more development by government, developers say