Real Estate News
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China's home appliance giant Haier builds 1st plant in Egypt
China's home appliance giant Haier held a groundbreaking ceremony on Wednesday for its first Egyptian factory.
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NUCA approves EGP 145.5bn budget for FY 2024
The New Urban Communities Authority (NUCA) is working on the development of 56 new urban communities, including 8 cities in the first generation.
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Misr Italia Properties participates for the first time in MIPIM
The world's leading real estate market event takes place in the period between March 14th - 17th in Cannes, France.
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Amer Group shifts to $6.30mln consolidated losses in 2022
The revenues plummeted to EGP 870.48 million in 2022 from EGP 1.37 billion in 2021, whereas the total assets enlarged to EGP 9.97 billion.
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Mountain View participates in MIPIM exhibition the world's leading real estate market event
Mountain View’s participation for the second year in a row affirms the company’s eagerness to partake in the most renowned international exhibitions.
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Egypt seeks to issue title deed insurance policy to motivate foreigners to buy real estate
Farid affirmed, during a press conference held, Thursday, that this document will help motivate non-Egyptians to buy Egyptian real estate.
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Billboards for market research launches its activities in Egypt
The company works to provide all analytical data that is concerned with the smallest details of the real estate system.
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Emaar Misr establishes new company
Emaar Misr for Development recorded a net profit of LE 6.56 billion in 2022, compared to profits of LE 4.11 billion in 2021.
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Al-Futtaim Group Real Estate and VeryNile join forces to intercept plastic pollution in the Nile river
On the sidelines of the cleanup initiative, the group’s participants also had the chance to attend a workshop which primarily focused on recycling.
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Mountain View directs $195mln to construction works in 2023
Mountain View plans to direct its new investments to develop new phases within its projects, and expand its services through new launches.
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China-built CBD project promotes sustainable development in Egypt's new capital
The CBD project has employed 16,000 workers and engineers,12,000 Egyptians and 4,000 Chinese, who have cooperated well despite language hurdles.
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Saudi Egyptian Developers signs contract with Kuwait’s Al-Kharafi Group
Al-Taher noted that Al-Kharafi starts work on the project and completes 10% of the infrastructure work.
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REDCON is one of the top five construction companies in Egypt
REDCON for Offices and Commercial Centers, the newly established development arm of REDCON Construction, achieves EGP 1 billion in sales.
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SKY AD. Developments unveils its third project, Blue Tree in new Cairo with EGP 8bln in investments
SKY AD. has an ambitious investment plan for the Egyptian market, and keen to implement its projects in the most distinctive areas.
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Egypt's Infinity Towers project is 45% complete
The Class A office building is poised to become one of Egypt’s tallest skyscrapers on completion.
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Egypt's Orbit Developments launches two new projects in Sokhna and Hurghada
Platinum Hurghada comprises five-storey buildings housing apartments and commercial units and is scheduled to be delivered in 2025.
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How the real estate market in Cairo, Egypt has changed over the last decade
The increased activity in the market has also been driven by a growing population and a growing economy, an more people moving to Cairo.
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Paragon to start piling works for Its third administrative building in the New Capital
A premium location overlooking the main road, the Presidential Palace and the Government District.
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Egypt's MNHD signs MoU with CONSTEC for construction of Sarai projects
Contract value for the construction of two new projects in Sarai worth more than half a billion Egyptian pounds ($16mln).
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Talaat Moustafa Group logs $73.1mln consolidated profits in 2022; dividends proposed
Talaat Moustafa Group Holding (TMG Holding) achieved consolidated net profits after tax worth EGP 2.23 billion in 2022, up 25% from EGP 1.78 billion i