Real Estate News
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Global Movable Bag Filter Industry 2015 Market Research Report
2015 Global Movable Bag Filter Industry Report is a professional and in-depth research report on the world's major regional market conditions
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Egypt's Emaar Misr says to list on Cairo bourse on July 5
Emaar Misr a unit of Dubai's Emaar Properties offered 12.99 per cent of its shares in an initial public offering.
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UAE to offer Egypt grant for 10-year slum development project
The project will prioritise slum areas in Upper Egypt's Minya governorate and Cairo's Manshiyet Nasser district.
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Ministry of Housing denies termination of Cairo Capital MoU
Contradictory reports have surrounded project since its announcement.
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Egypt- Ministry of Housing may provide lands in exchange for housing units: Badr El-Din
A proposal suggests the government provide lands for the real estate developers in exchange for 15% of housing units as payments for the land.
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Government raises allocations of low-income housing by 19%: Finance Minister
Ministry of Housing plans to allocate 20% of the loan to fund housing unit rents.
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Egypt's SODIC says accepts resignation of managing director
SODIC is targeting sales of 4bn EGP ($524 million) this year, up from 3 billion in 2014. The company targets upper middle income consumers.
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UAE’s Emaar to float in Egypt’s stock market at 3.8 pounds per share
The company is due to list and trade on the Egyptian stock market on July 2, but the date is subject to change.
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Egypt's Palm Hills agrees $98 million loan through subsidiary
The company arranged the loan with Banque Misr, the National Bank of Egypt , and the Arab African International bank.
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Egypt responsible for Cairo Capital project should negotiations with partners fail: Assistant Housing Minister
Negotiations with Emirati investors facing huge challenges, but ministry insists on establishing the project even if negotiations fail, says Abbas.
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Egypt signs $4.6 bln construction deal with Arabia Group -statement
The agreement was made at the Economic Summit that was held in March.
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Real estate developers seek low cost funds from EGX
Listing real estate companies allows them to increase capital to compete with foreign companies.
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Egyptian developer Palm Hills in three deals worth $63 mn
Last month Palm Hills said it had completed a 1.62 billion Egyptian pound share sale to fund growth.
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Emaar Misr’s $353m IPO in Egypt to run June 16-25
The shares will be priced at 4.49 Egyptian pounds each, meaning the offer is expected to raise 2.69 billion pounds.
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Egypt's SODIC doubles first-quarter profit
The revenues doubled from the same period last year.
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Egypt's Madinet Nasr Q1 net profit falls 51 pct y-o-y
The company reported net profit of 50.8 million pounds in the first quarter of 2014.
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14 GCC, Egyptian investors request North Coast land for tourist resorts: Ministry official
TDA aims to offer North Coast land tender in second half of 2015 as part of country’s intention to develop region.
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UAE provides EGP11bn to finance 50,000 residential properties
Project to be finalised by July, according to head of Executive Body for Social Housing
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Egypt's Amer Group posts jump in Q1 profit
Amer has diversified businesses in the primary and secondary homes market, as well as hotels, shopping malls and restaurants.
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World Bank to present mortgage system plans in Egypt
Bank participates in social housing programme providing $500m towards 1m housing units for low-income citizens.