Real Estate News
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Banks, companies contribute EGP 68.85bn to mortgage finance initiative for low-income individuals in Q1 2024
Amlak Mortgage Finance disbursed EGP 252.133m to 2,320 clients, while Tamweel Mortgage Finance allocated EGP 68.666m to 602 clients.
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Egyptian government plans to build 1K smart houses in New Alamain
Twenty-five percent of the city's surface area will be an industrial zone located in the southern section in the desert.
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Egypt’s Forbes International Tower wins ‘best commercial skyscraper in Africa’ award
IDSC said that the Forbes International Tower faced intense competition against five major international projects spanning four continents.
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Hisham Talaat Mostafa named most influential real estate developer in Middle East by Forbes
Forbes attributes this distinction to Talaat Mostafa’s remarkable success over four decades in leading the Talaat Mostafa Holding Group.
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Rising revenue in US offsets decline in Egypt for Orascom
Orascom is building the longest monorail system in the world. The first line runs 54km from East Cairo to the New Administrative Capital.
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Egypt to start construction of 2nd phase of administrative capital in 2025
ACUD has secured five new partnerships during the first quarter (Q1) of this year, worth between EGP 180 and EGP 200 billion.
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Top 20 real estate companies in Egypt
As Egypt continues to chart its course towards economic prosperity and urban development, the real estate sector emerges as a key driver of progress.
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Egypt's Ministry of Housing signs deals with UAE companies, boosting real estate, healthcare sectors
Ministry of Housing has signed an agreement to allocate land for the establishment of an integrated medical-educational urban project in El Shorouk.
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New Garden City: A Testament to Egypt's Vision for Urban Planning
New Garden City, a cornerstone of Egypt's New Administrative Capital, is a harmonious blend of classical and modern architecture.
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Egypt's Real Estate Sector Faces a Perfect Storm of Crisis
The real estate sector in Egypt is grappling with a perfect storm of crisis, including rising costs, delays in construction, and financial instability
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Talaat Mostafa's ICON completes acquisition of 7 Egyptian state-owned hotels
TMG has completed the final acquisition contract for a majority equity stake of 51 percent with full management rights in seven state-owned hotels.
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Wealthy GCC investors targeting Egypt for real estate investments
GCC nationals have been purchasing residential properties in Egypt for an average of around $1.1 million.
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Record sales in 2023 – real estate developers secure LE 700B in sales
Topping the list of the most popular real estate locations was East Cairo, with the report pointing towards expansions in Al-Mostakbal City.
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Bonyan acquires 8th commercial asset in REDCON Properties’ Golden Gate Project
This is in line with Bonyan’s strategy of acquiring trophy commercial real estate assets cementing its position as the leading real estate company.
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Housing Min. Visits Chinese Projects to Stand on Modern Management Systems
Gazzar, currently visiting China, said the visit is meant to stand on the up-to-date management, operation and maintenance systems.
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Cairo retail sector rents rose by 9% in 2023 – JLL
The retail sector saw limited project launches and completions in Cairo in 2023.
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With government relocated, Egypt set to unveil overhaul of downtown Cairo
The blueprint includes the government quarter on the southern edge of downtown and involves traffic plans.
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PM Witnesses the Ceremony of Handing Over the First 3 Towers in New Administrative Capital
The business district also houses the Iconic Tower, a supertall skyscraper with a total structural height of almost 400 meters.
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ACUD introduces ‘equal instalments’ system for land offerings
The Administrative Capital for Urban Development (ACUD) company has announced the introduction of the “equal instalments” system.
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Egypt’s New Venture Aims for Billions in Real Estate Revenue
Egypt is set to establish a dedicated company overseeing real estate export and leasing activities, reported state media Al-Ahram.