Real Estate News
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Egypt intends to sell 25-30% stake in MIDAR to strategic investor
It was reported in May that Egypt targets collecting additional proceeds of EGP 70 billion from its IPO program in the fiscal year (FY) 2023/2024.
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Egypt real estate for foreigners decree: All you need to know
Foreigners were limited to owning two residential properties for personal or family use, with each property not exceeding 4,000 square meters in area.
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Egypt allows foreigners to own residential real estate
The Egyptian Cabinet approved a law on Wednesday allowing foreigners to own residential properties in Egypt, according to an official statement.
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Egyptian Real Estate faces challenges with low registration rates
The low registration rates stemmed from a combination of bureaucracy and lengthy procedures.
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New Capital embraces first initiative to regulate Egypt’s real estate marketing sector
The Innovation Experts Real Estate Institute is the educational arm of the Real Estate Regulatory Agency (RERA), which is affiliated to the Dubai Land
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Capital Group Properties reinforces commitment to strategic growth plan in Egypt
Capital Group Properties (CGP) has announced plans to further drive its strategic growth plan in Egypt.
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Al-Futtaim Real Estate wins the prestigious ‘Developer of the year’ award at The Big 5 Construct Egypt 2023
The Big 5 Construct Egypt 2023 was held from 19-21 June at Egypt International Exhibition Center.
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LMD Breaks Ground on W Residences Cairo & W Cairo situated within its Flagship One Ninety Development in New Cairo
LMD is a leading real estate company that continues to establish an outstanding position in Egypt and many countries around the world.
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Fifth edition of Big 5 Construct Egypt exhibition opens in Cairo
The fifth edition of the Big 5 Construct Egypt for construction material opened on Monday at the Egypt International Exhibitions Centre.
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Egypt: Zahraa Maadi obtains shareholders’ nod for 2022 dividends
Shareholders greenlighted the dividends proposal during the ordinary general meeting (OGM) that was held on 15 June.
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Saudi Egyptian developers, NUCA to launch M8 phase in Marina El Alamein
The “M8” resort is Marina’s latest phase and is expected to be delivered in three years.
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TMG profits exceed expectations, its share records EGP 15: Naeem Brokerage
Talaat Moustafa Group’s profit margins improved to 35.2%, up 3.4%, exceeding estimates for the value by 34%.
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Egypt's real estate market can improve with investment funds: Experts
The Egyptian real estate market can drastically improve if real estate investment funds are introduced and fully integrated into the market.
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NUCA cooperates with real estate developers to boost sector
The state is keen on continuing the growth of the property sector, as it is one of the most important economic sectors that provide huge job chances.
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Saudi’s Al-Ameriah Company requests majority stake in Heliopolis Housing Company
The Saudi company requested to acquire 70 percent of the entire shares of Heliopolis Company for Housing and Development for US$400 million.
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Beta Egypt completes 45% of third phase of Beta Greens New Cairo
Alaa Fekry told Zawya Projects that the 190-unit third phase would be completed over the next 30 months.
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Hyatt Centric brand to debut in Egypt
The 283-key Hyatt Centric Cairo West will open in the capital’s Pyramids Heights Business Park.
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Egypt’s Tatweer Misr announces real estate JV with Saudi’s Naif Alrajhi Investment
The JV will develop integrated urban projects and tourist resorts in Saudi Arabia.
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Real estate market in Egypt turns to US dollar – the looming threat of dollarization
Sales have recently been carried out in Egypt in dollar, amid the rise in the price of the dollar against the Egyptian pound.
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Maboudly, Real Estate Development Chamber discuss measures to boost sector
The meeting centered on discussing mechanisms and suggestions to strengthen the local real estate market.