Real Estate News
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Citizens complain about lack of units matching CBE’s mortgage finance initiatives’ requirements
Sara Soliman said that unit prices do not reflect their areas and locations.
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New Administrative Capital company offers new facilities for developers
The company urged developers to visit its financial sector in the new capital to submit requests to receive the facilities.
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Inflation and surging demand drive up rental housing costs across Egypt
The 15 percent of Egyptians who rent have seen their housing costs increase over the past year due to surging demand and a backdrop of inflation.
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Several banks, companies pump $1.98bln in low-income mortgage finance initiative until July 2023
According to a recent report issued by the Fund, banks have pumped financing worth $1.91bln to about 503.183 thousand customers.
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Egypt’s PM reviews proposals to boost real estate export
Madbouly emphasized Egypt’s interest in the real estate export file, pointing to previous meetings held on the issue.
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OWN startup launches platform for digital trading of real estate in Egypt
The platform launched by the company is a digital platform that aims to transform the experience of searching and buying real estate.
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Egypt’s cabinet approves draft law on creating national real estate ID system
The draft law proposes setting up a national real estate database that will designate each property with a unique identifier.
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Egypt’s SODIC completes 20% of construction works of June North Coast
Amer told Zawya Projects that the delivery of the first phase will start in the third quarter of 2025, while the second phase will be delivered 2029.
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Utopia’s profits upsurge 138.2% YoY in H1
Utopia is a public company that operates within the real estate sector focusing on diversified real estate activities.
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Egypt's Misr Italia Properties secures ministerial decree for Solaré Project in Ras El Hikma
United States-based design firm EDSA developed the project’s master plan and Netherlands-based White Space Architects is its main architect.
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Egypt's NCB Developments launches Valencia residential compound in New Cairo
He said Archrete has designed the project, adding that the first phase would be delivered in three years.
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Top 10 developers generate LE168B sales in H1 with 88% annual increase
The devaluation of the Egyptian pound against the US dollar, prompted individuals to secure their funds through more stable investment avenues.
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Zahraa Maadi’s net profits reach $3.7mln in H1-23
Revenues amounted to EGP 269.18 million in the January-June 2023 period, an annual increase from EGP 197.67 million.
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Top 10 real estate companies in Egypt achieve total EGP 168bn sales in 1H 2023
TMG topped the list of real estate companies in terms of sales during the first six months of the year, with sales amounting to EGP15bn.
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Egypt sold $2 bln of land in 6 months: Minister
Egypt has sold $2 billion worth of land between 1 January and 30 June 2023, announced Minister of Housing Assem El-Gazzar.
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30k realtors, over 6,500 registered brokerage companies operate in Egypt
Egyptian Association for Realtors calls on government to establish independent body for licensing and regulating real estate brokerage.
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LMD works toward rapid construction in its ground-breaking Zoya Ghazala Bay in North Coast
LMD, the leading real estate company, proves its full commitment to clients and implementing its projects according to its timeline.
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All you need to know about the New Administrative Capital
The New Administrative Capital (NAC) is planned to be Egypt's new capital. The first government employees move into their workplaces
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Remco, Emaar Alex partner to launch project in North Coast Egypt
The project, which will be fully executed by Remco’s staff, is expected to be completed within three years.
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Talaat Mostafa's ICON seeks ‘significant’ stakes in 7 Egyptian state-owned hotels
The seven hotels are owned by the Egyptian General Company For Tourism and Hotels (EGOTH).