Real Estate News
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Magnom and Forbes to build zero-carbon ‘Forbes’ tower in Cairo
The striking, beautifully futuristic 'Forbes International Tower’ has a contextually responsive soaring glass, steel, and photovoltaic-laced design.
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Inertia Egypt secures $44.87mln bridge loan from two banks
Inertia Egypt CEO Ahmed El-Adawy reiterated the importance of supporting the real estate segment by the banking sector.
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Property Finder plans for greater investments in Egypt
They are committed to enhancing the home search experience in Egypt in line with National Strategic Plan for Urban Development 2052.
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People & Places awards EGP1.6bn construction contracts for its North Coast development
People & Places, announced the signing of contracts with Solid and ASASS Construction companies for investment value of EGP 1.6bn.
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London's Chestertons launches in Egypt
Chestertons will create and implement concrete steps towards the integration of the next stage of brokerage standards.
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Egypt’s Cornerstone Development to deliver The Curve by end-2024
Developer will start construction of commercial area within The Curve to serve the residents.
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Chestertons launches in Egypt via strategic partnership with Gemini for real estate brokerage
Aims to create and implement concrete steps towards the integration of the next stage of brokerage standards in Egypt.
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Talaat Moustafa Group beats sales expectations by 28% to EGP 33.2bn in 2022
The company’s sales exceeded its expected limit of EGP 26.24bn by 28%.
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Wadi Degla Developments reveals its turnaround strategy
The strategy — which was quietly launched in 2018 — aims to ensure WDD’s performance and sustainability, allowing it to deliver upon its mandate.
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Demand for mortgage financing increased by 94% in just 8 months
Mortgage financing is the main solution to overcome the hikes in real estate prices: Chairperson.
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Egypt’s WDD to double construction spend to $81mln in 2023
The developer recently launched EGP1.5 billion ($61 million) ‘Club Town’ residential project in Maadi, Cairo.
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White Eagle Development launches EGP 2bn projects at NAC with Egyptian-Emirati partnership
Gebili added that the company is also preparing to launch another project in the NAC with investments worth approximately EGP 1.2bn.
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Egypt’s Real Estate Development Chamber to propose new financing mechanisms
These successes were based on the continuous follow-up of market developments, cooperation with the Housing Committee in the House of Representatives.
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7th Arab Housing Conference kicks off in Egypt
The three-day event is being held on the sidelines of the 39th session of the Council of Arab Ministers of Housing and Reconstruction.
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Egypt's UDF launches $24bln national mega housing project
The project aims to develop the capitals of the governorates and major cities.
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Egypt, World Bank Group discuss developments of social housing financing programme
The social housing financing programme began in 2015 at a value of $1bn to provide adequate housing for low and middle-income people.
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Urbnlanes plans to raise investments in Egypt to $974.61mln
Urbnlanes’ investments in Egypt amount to EGP 11 billion distributed on 3 projects, Urbnlanes CEO, Fadi Emeel said.
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Egypt's Tatweer Misr launches Rivers project in New Zayed
The project consists of more than 700 villa residential units, will start in 2025 and complete in 2027.
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Reduced subsidies, a burden on property developers
The decision, however, stipulates that the Ministry of Housing, Utilities, and Urban Communities would support the interest difference.
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Egypt's Ontario Developments starts construction of Maple Business Complex
Hafez Consultants is the project’s lead consultant, and delivery is planned to begin by 2026.