Real Estate News
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Egypt real estate projects tie for second highest value in MENA: Report
Egypt and the UAE shared the second place spot for value of ongoing real estate projects in the Middle East and North Africa (MENA) region in H1 2023.
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Egyptian firm launches $4.5bln housing project
A key Egyptian developer on Friday launched a giant residential city project at a cost of around 140 billion Egyptian pounds ($4.5 billion).
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Inhabited Land in Egypt Has Doubled Since 2014
Between 2020 and 2023, the Egyptian government has sold 80,000 acres of land worth EGP 6.5 billion.
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Egyptian state-run infrastructure firm to establish Saudi branch
The meeting also featured the group’s fiscal year 2023-2024 budget, stating that it had been prepared in light of predicted future trends.
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Egypt celebrates success of house, road-building programs
Egypt has spent millions of dollars on new urban communities over the past nine years, its housing minister said on Sunday.
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Saudi Public Investment Fund eyes stake in Palm Hills Development
Saudi Public Investment Fund (PIF) in talks with Arab African International Bank to acquire a significant stake in Palm Hills Development, an eminent real estate company in Egypt.
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Private sector implementing 85% of real estate projects in Egypt in Q2 2023: Report
The Egyptian private real estate sector is developing $180 billion in real estate projects, accounting for 66 percent of total investments.
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Cityscape Egypt 2023 expo kicks off on Tuesday with 70 local, int’l participants
Egypt's largest real estate exhibition Cityscape 2023 kicks off tomorrow with attendance from over 70 local and international real estate developers.
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Operator of Egypt’s new capital plans 10% local market listing in H1 2024
Administrative Capital for Urban Development (ACUD), the operator of Egypt’s new capital, is planning to offer up to 10 percent of its shares.
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SID to invest EGP 10bn in Egypt’s real estate market
The project is a commercial and administrative development that covers an area of 77,000 sqm in Palm Hills in October.
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Egypt’s Talaat Moustafa Group to build $10.6bln sustainable city in Riyadh
The new city will comprise around 27,750 villas and residential units and nearly 40 percent of the area will comprise large green spaces.
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Egypt constructing new mega electrical industries complex in Alexandria
The new complex, which will be producing parts for bus manufacturing in Egypt, is expected to create 600 new jobs, added Samir.
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Industrial developers demand removal of obstacles that hinder sector’s growth in Egypt
This was during the third session titled “The Industrial Developer, A New Development Activity,” of the 7th Think Commercial roundtable.
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Eagle Hills Properties, Hassan Allam sign $63.7 mn contract for phase one of luxury resort
Hassan Allam Construction will develop parcels 1 and 2 (Views – Island) of Soul Luxury Beach Resort in Egypt, with an expected completion in 960 days
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Egypt's Orascom Construction signs $61.4m contract with Abu Dhabi’s Eagle Hills
The contract for the development of Soul Luxury Beach Resort on Egypt’s north coast is valued at 1.9 billion Egyptian pounds.
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"Touba": Madinet Masr's Innovative Platform for Flexible Real Estate Ownership and Investment
Touba, Madinet Masr Innovation Labs latest innovations is considered the first of its kind platform in the region that provides flexible payment terms
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Egypt's real estate market to attract $120B in investments from Middle East Sovereign Wealth Funds
According to the report, The UAE already invested in 71 real estate projects in Egypt, amounting to $5.6 billion in 2021.
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Emaar Hospitality eyes massive expansion across Egypt
The new Address Beach Resort Marassi is now open, one of 10 hotels Dubai’s Mohamed Alabbar wants to open across Egypt.
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Emaar Misr, Emaar Hospitality Group inaugurate Address Beach Resort Marassi with EGP 5bn investments
This step resonates with Emaar’s vision pertinent to developing Egypt’s North Coast, and upgrading the hotel and hospitality sector in it.
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Schneider Electric and Tatweer Misr: Partnership shaping future of real estate in Egypt
Partnerships play a crucial part in accelerating digital transformation and sustainability in the local real estate market.