Real Estate News
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Golden View launches its latest project in the Fifth Settlement
The event was attended by many prominent real estate figures, board members, and major real estate marketing companies.
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Expatriates' Beit Al-Watan real estate initiative attracts $7.3 bln
The Beit Al-Watan initiative aims at encouraging Egyptians abroad to invest in their home country in the field of housing.
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UAE developer to build $500M project in Egypt
Egypt in February signed a deal with the UAE’s ADQ to build the “largest new city” in Egypt to promote tourism and drive economic growth.
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Egyptian, Emirati companies sign $500 mln real estate deal in Egypt
The investment eased a critical foreign currency shortage from an economic crisis that also caused sharp devaluations of Egypt's currency.
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Egyptian Emirates Company Launches Markabat Project
This initiative is part of Egypt’s urban and industrial development plans, with total investments reaching EGP 27bn.
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Behind the Billboards: Egypt’s Real Estate Mirage
Beyond the eye-catching facade of perfect living displayed on billboards, you can also see the hundreds of skeletal megamansions up for sale.
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Delta Capital for Urban Development hosts Tamer Hosny Concert for Eid al-Adha
The event was for the purpose of celebration after winning the top real estate developer in delta region.
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Egypt to receive rehabilitated Tahrir Complex building in 2024
The repurposing project of the iconic Tahrir Complex building (or Mogamma El-Tahrir) in Down Town is anticipated to conclude in 2024 after 31 months.
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Egypt sells prime land to foreign investors in USD to boost economy
Egypt has approved the sale of land plots in eight major cities to 34 foreign companies, with all transactions priced in US dollars.
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Rents rise by 24%, East Cairo at forefront of demand
A significant revelation at the event was the 24% year-on-year surge in rental costs throughout Greater Cairo.
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Egypt’s real estate portfolio valued at $200 billion, ready for international export
In 2022, Egypt launched an initiative to export real estate with an aim to bolster the local property market and increase foreign currency reserves.
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ADQ to commence construction work in Ras El Hekma Project before end of 2024
El-Gazzar highlighted that the project’s developer has established the plans, secured ministerial decisions, and acquired the necessary licenses.
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Egypt receives $14 billion in 2nd batch of Ras El-Hekma deal: Cabinet
The Egyptian government said it has received $14 billion as the second batch of funding from the $35 billion Ras El-Hekma development deal.
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Cairo real estate market surges by 83% in 6th of October, by 95% in New Cairo
These initiatives align with the country's objective of welcoming 30 million visitors by 2028 and expanding its hotel capacity by almost 250,000 rooms
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PM holds meeting to boost real estate exports, activate investment funds
Madbouly acknowledged the promising opportunities Egypt holds for attracting foreign investment in its real estate sector, especially touristic.
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Egypt’s Royal Developments unveils final phase of Monarch project in Mostakbal City
Spanning over 30,000 square metres, the fourth phase will offer a variety of unit sizes including duplexes, company CEO Karim Shaalan told Zawya.
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Ajlan & Bros Group plans to invest $1.5B in Ras Jamila in Egypt
The group also submitted an offer to acquire companies within Egypt’s IPO program, expecting negotiations to be completed within 6 months.
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Egypt won't consider any offers for Ras Gamila development until selection of advisory firm
Situated in Sharm El-Sheikh on the Red Sea, Ras Gamila holds significant potential for development.
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Egypt sets EGP 100M as minimum capital for real estate financing companies
This increase can be fulfilled through cash or its equivalent in foreign currencies at the exchange rate announced by the Central Bank of Egypt (CBE).
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Egypt: Three companies propose to participate in New Heliopolis City project
Heliopolis Company for Housing and Development announced that the financial evaluation is expected to be concluded by the end of April 2024.