Egypt real estate news

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18.03.2024
10:37 TheDailyNewsEgypt.com Al Ahly Sabbour unveils EGP 135bn Summer, At-East projects, signaling new era in Egyptian real estate

Al Ahly Sabbour has announced the launch of the “Summer” project in Ras Al Hekma and “At-East” in Mostakbal City, with a combined investment of EGP 135bn. In the first quarter of 2024, Al Ahly Sabbour Developments expanded its land holdings by 1,045 feddan, marking a 36% growth in its land portfolio. This includes 181 […]

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11.03.2024
13:05 TheDailyNewsEgypt.com Developers say exchange rate liberalisation will stabilise real estate prices in Egypt

The Central Bank of Egypt (CBE) has decided to liberalise the exchange rate of the Egyptian pound against the dollar, a move that has been welcomed by real estate developers. Alaa Fikry, the First Deputy Chairperson of the Real Estate Development and Contracting Committee of the Egyptian Businessmen’s Association and the Chairperson of BETA Egypt, […]

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07.03.2024
11:50 TheDailyNewsEgypt.com Ras El Hekma project to boost North Coast as Egypt’s second-largest real estate market: Savills

Savills Egypt, the local branch of the leading global real estate advisor, shared its insights on the expected impact of the Ras El Hekma development project on the North Coast of Egypt. According to Savills, the Ras El Hekma project will be a game-changer for the North Coast, making it the second-largest real estate market […]

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19.02.2024
11:33 TheDailyNewsEgypt.com Real estate funds and REITs: A key to success for Egypt’s property developers

Egypt’s property developers are looking for new ways to finance their projects and attract more investors, especially in light of the current economic challenges and global competition. One of the solutions they propose is to establish and promote real estate funds and Real Estate Investment Trusts (REITs), which are common in the international real estate […]

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12.02.2024
13:19 TheDailyNewsEgypt.com Egyptian Businessmen’s Association urges land instalment rescheduling for real estate developers

Fathallah Fawzi, the Vice President of the Egyptian Businessmen’s Association and the Chairperson of its Construction and Building Committee, said that the real estate sector in Egypt is facing a new crisis due to the increase in costs. He added that the impact of the Central Bank of Egypt’s decision to liberalise the exchange rate […]

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13:19 TheDailyNewsEgypt.com Egypt to earn $3bn from property exports: Real Estate Chamber

The government plans to launch a company to export Egyptian real estate abroad, which is a positive step to diversify and increase the foreign exchange revenues of the Egyptian economy, said Mohamed Rashid, a member of the Real Estate Development Chamber at the Federation of Egyptian Industries. He said that this would allow the state […]

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11.02.2024
04:38 EgyptIndependent.Com Egypt plans to offer land at Ras Ghamila for sale

Egypt’s Minister of Public Business Sector Mahmoud Esmat revealed details behind plans to offer the Ras Ghamila land in Sharm el-Sheikh for investment to the foreign and local private sector. During a telephone interview with ON TV channel on Friday, Esmat stated: “We are seeking to choose the appropriate model for investment in the land … The post Egypt plans to offer land at Ras Ghamila for sale appeared first on Egypt Independent.

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10.02.2024
13:05 EgyptIndependent.Com Egypt planning to offer land at Ras Ghamila for sale

Egypt’s Minister of Public Business Sector Mahmoud Esmat revealed details behind plans to offer the Ras Ghamila land in Sharm el-Sheikh for investment to the foreign and local private sector. During a telephone interview with ON TV channel on Friday, Esmat stated: “We are seeking to choose the appropriate model for investment in the land … The post Egypt planning to offer land at Ras Ghamila for sale appeared first on Egypt Independent.

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07.02.2024
23:01 TheDailyNewsEgypt.com Egypt’s Real Estate Development Chamber proposes ways to implement property export initiative

The Real Estate Development Chamber at the Federation of Egyptian Industries has proposed some ways to implement the government’s initiative that allows property companies to sell their projects abroad in dollars. The chamber’s board members and other real estate developers met with officials from the Ministry of Housing, Utilities, and Urban Communities to discuss the […]

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06.02.2024
05:43 InvestorPlace.com More trouble from commercial real estate and banking … institutional investors are pulling money out of U.S. stocks … check out emerging markets … the latest in the Red Sea

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Commercial real estate is beginning to roll over – and last week, we saw the alarming domino effect on regional banks.Regular Digest readers know that for months, we’ve been running a “commercial real estate watch” segment to monitor this critically important sector of the U.S. economy.The core problem reduces to elevated refinancing costs (based on the Fed’s.... The post More trouble from commercial real estate and banking … institutional investors are pulling money out of U.S. stocks … check out emerging markets … the latest in the Red Sea appeared first on InvestorPlace. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.

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30.01.2024
13:21 TheDailyNewsEgypt.com SAK invests EGP 2bn in Egypt’s real estate market

Company explores new investment opportunities in east, west Cairo, says chairperson

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23.01.2024
11:30 TheDailyNewsEgypt.com Egypt shoulders EGP 1.4bn annual real estate tax for 21 industries until 2026

Egypt’s Minister of Finance Mohamed Maait said that the state’s treasury bears EGP 1.4bn annually of taxes imposed on constructed properties used for some industrial and productive activities, representing 21 economic sectors until the end of 2026.  He explained that this is done to implement the presidential directives to support the industrial sectors and production […]

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16.01.2024
15:55 TheDailyNewsEgypt.com Madinet Masr and its CEO receive awards from prestigious institutions for pioneering impact in Egyptian real estate market

Madinet Masr, a leading Egyptian urban developer, capped off a stellar 2023 with record-breaking sales and a string of prestigious awards, solidifying its position among the country’s top players. The company’s remarkable achievements were fueled by its innovative offerings, strong financial performance, and the visionary leadership of CEO Abdallah Sallam. One of the key drivers […]

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24.12.2023
04:09 Egyptian-Gazette.com Al Qahera Al Ikhbariya: Egyptian sources deny Israeli media reports on land operation from Karam Abu Salem crossing

RAFAH, Egypt – Well-placed Egyptian sources denied news purported by Israeli media about the start of a land operation from Karam Abu Salem crossing to the Philadelphia axis on the Gaza Strip-Egypt borderline, Al Qahera Al Ikhbariya news channel said. Meanwhile, the Palestinian crossings authority dismissed as bare of truth all information about military movements […] The post Al Qahera Al Ikhbariya: Egyptian sources deny Israeli media reports on land operation from Karam Abu Salem crossing appeared first on Egyptian Gazette.

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20.12.2023
17:41 TASS.com Creation of Russian industrial zone in Egypt at final stage — Lavrov

"The topic of creating the Russian industrial zone in Egypt, in the Suez Canal area, is at the final stage," the top Russian diplomat said

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18.12.2023
12:01 TheDailyNewsEgypt.com Egypt’s property prices soar in 2023

The current year has seen a remarkable surge in real estate prices in Egypt, especially in new cities. According to real estate developers, consultants, and marketers, prices have risen by more than 100%. They cite various factors for this increase, such as the depreciation of the local currency and the high inflation that has driven […]

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03.12.2023
23:01 TheDailyNewsEgypt.com Cashback, hard currency: Egypt’s new initiative to boost real estate sales to expatriates, foreigners

Tarek Shoukry, the head of the Real Estate Development Chamber at the Federation of Egyptian Industries and the undersecretary of the housing committee at the House of Representatives, stated that the proposed initiative to sell real estate units in dollars is only for expatriates and foreigners, not for Egyptians living in Egypt. The aim is […]

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20.11.2023
13:38 TheDailyNewsEgypt.com Egypt’s developers provide solutions to export property

Egypt’s real estate developers agreed that exporting property is one of the most important resources to increase foreign currency for the country. President and CEO of Tatweer Misr Ahmed Shalaby stated, “It is important to find a mechanism for foreign currency sales outside Egypt, whether to foreigners or Egyptian expatriates; which gives a significant increase […]

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13:04 EgyptIndependent.Com Saudi Arabia’s FAS Real Estate to invest US$1.5 billion in Egypt during 2024

Saudi Arabia’s FAS Investment and Real Estate Development, a subsidiary of the Saudi Fawaz Al Hokair Group, aims to pump new investments in Egypt worth US$1.5 billion during 2024. Asharq Business reported the company’s CEO, Turki al-Hokair, as saying on Sunday that the new investments will focus on the energy, real estate, and infrastructure sectors … The post Saudi Arabia’s FAS Real Estate to invest US$1.5 billion in Egypt during 2024 appeared first on Egypt Independent.

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23.10.2023
21:22 TheDailyNewsEgypt.com Egypt, Japan’s real estate legend explore cooperation opportunities

Assem El-Gazzar, the Minister of Housing, Utilities, and Urban Communities, met with Yukio Kanazawa, the owner of Titan Capital and a renowned real estate developer in Japan, and Niwa Kashiroa, the CEO of Titan Capital and the former head of Goldman Sachs Japan, along with their delegation. The meeting aimed to discuss ways of cooperation […]

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08.10.2023
12:43 EgyptIndependent.Com Trade Minister: Egyptian real estate sector represents over 20% of GDP

Trade and Industry Minister Ahmed Samir said the Egyptian real estate sector represents more than 20 percent of the Gross Domestic Product (GDP). Samir added that the sector plays a key role in economic development in various countries, noting that this sector is a key catalyst for growth, investment and jobs. The Egyptian government has … The post Trade Minister: Egyptian real estate sector represents over 20% of GDP appeared first on Egypt Independent.

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10:52 TheDailyNewsEgypt.com Egypt, India strengthen strategic ties in real estate, other sectors

Indian investments in Egypt record $3.2bn in food industries, chemicals, and tourism

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06.10.2023
13:31 Egyptian-Gazette.com Emigration minister probes with Expo Republic marketing Egyptian real Estate abroad

CAIRO – Minister of State for Emigration and Egyptian Expatriates’ Affairs Soha Gendy has discussed with board chairman of Expo Republic company Bassem Kalila means to provide promotional campaigns for Egyptian real estate abroad in line with a protocol signed between the ministry and the company to organize promotional fairs. A statement issued by the […] The post Emigration minister probes with Expo Republic marketing Egyptian real Estate abroad appeared first on Egyptian Gazette.

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04.10.2023
00:47 TheDailyNewsEgypt.com Melee officially enters Egypt’s real estate market

Melee, the developer specialising in the field of branded residences, has announced its official launch in the Egyptian market, in partnership with Al Ahly Sabbour Developments, one of the leading and largest real estate companies in Egypt and the Middle East with over 29 years of extensive experience.  Melee’s business portfolio primarily revolves around the […]

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00:47 TheDailyNewsEgypt.com Real estate funds are opportunity to attract foreign investments to Egyptian market

The Egyptian market is looking forward to a surge in the launch of real estate funds shortly, as they offer a powerful mechanism to attract foreign investors to Egypt. They also provide a secure investment with fixed cash dividends. Real estate investment funds are among the most popular investment tools used in countries around the […]

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25.09.2023
15:02 TheDailyNewsEgypt.com Real estate exports boost Egypt’s economy, Cityscape panel reveals

The Egyptian real estate market is one of the most resilient and expanding markets in the region, with the success of real estate exports boosting the country’s foreign currency reserves, according to a panel discussion at the Cityscape exhibition. The panel, titled “Challenges and Opportunities in the Egyptian Real Estate Market”, explored the prospects and […]

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21.09.2023
04:52 TheDailyNewsEgypt.com Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt

Eagle Hills Properties, a real estate company owned by Emirati businessman Mohamed Alabbar and part of Emaar Group, is in talks with the Sovereign Fund of Egypt (TSFE) to buy a major government real estate company operating in the Egyptian market, according to informed sources. The sources, who preferred to remain anonymous, said that Eagle […]

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11.09.2023
16:52 TheDailyNewsEgypt.com SID to invest EGP 10bn in Egypt’s real estate market 

SID unveils its strategy and first project in Egypt

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05:02 TheDailyNewsEgypt.com Saada New Cairo: New real estate project by Horizon Egypt Developments with EGP 36bn investment 

Horizon Egypt Developments, a company owned by Sheikh Majid bin Saeed Al Nuaimi, Chairman of Ajman’s Ruler Court, has launched its first real estate project in Egypt, Saada New Cairo compound. The project will be built on 370 feddan in New Cairo, with an estimated investment of EGP 36bn. It consists of 1,300 villas, two […]

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06.09.2023
23:52 TheDailyNewsEgypt.com Egypt’s real estate market can adapt to challenges: Developers say

We are ready to discuss applicable demands of developers, says Assistant Minister of Housing

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05.09.2023
00:08 Egyptian-Gazette.com Sinai agro-development beneficiaries delivered property contracts

Sarah Saad The Eastern Canal Counter-Terrorism Forces Command on Monday organised a ceremony to hand over secured contracts to the beneficiaries of lands under the jurisdiction of the General Authority for Reconstruction and Agricultural Development Projects. The event reflected the Armed Forces’ keenness to support the vision of the Egyptian state and to co-operate with […] The post Sinai agro-development beneficiaries delivered property contracts appeared first on Egyptian Gazette.

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04.09.2023
16:12 EgyptIndependent.Com In a first, Egypt establishes real estate bourse

The government has announced the establishment of a bourse to promote the sale of real estate, taking advantage of the large urban boom in Egypt, real estate development expert and member of the Egyptian Businessmen Association, Tariq Bahaa, told RT. He explained that Egypt has made many efforts to enhance its real estate export, due … The post In a first, Egypt establishes real estate bourse appeared first on Egypt Independent.

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03.09.2023
21:52 TheDailyNewsEgypt.com Real estate bourse to boost liquidity, export in Egypt: Experts

The Egyptian government is keen to promote real estate export as a source of foreign exchange and is studying various proposals and procedures to achieve this goal. This was stated by Prime Minister Mostafa Madbouly in a meeting that discussed the mechanisms and procedures to enhance real estate export, including the establishment of a real […]

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28.08.2023
18:33 Google news Sci/Tech BRICS Invites Saudi, UAE, Egypt; Lira (TRY/USD) Outlook, Dubai Real Estate Boom - Bloomberg

BRICS Invites Saudi, UAE, Egypt; Lira (TRY/USD) Outlook, Dubai Real Estate Boom  BloombergWill BRICS throw a lifeline to dollar-strapped Egypt?  Al-MonitorANALYSIS - Does Brics expansion mean a new global order?  The IndependentBrics has embraced expansion not a moment too soon  South China Morning PostWe have valid reasons to be wary of BRICS expansion | Mint  MintView Full Coverage on Google News

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21.08.2023
23:22 TheDailyNewsEgypt.com Schneider Electric and Tatweer Misr: Partnership shaping future of real estate in Egypt

The Egyptian real estate market has experienced remarkable growth in recent years and unprecedented urban development coupled with a focus on sustainability and digitization. The government has set an ambitious target to double the urban area from 7% to 14% by 2052 with a strong emphasis on sustainable and smart solutions. As a result, smart […]

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14:12 TheDailyNewsEgypt.com Nile Property Expo begins its promotional campaign for first Egyptian exhibition in USA

For the first time in an Egyptian real estate exhibition, Expo Republic, the organizing company for Nile Property Expo, announced its sponsorship of young rapper Wigs’ tour in the United States and Canada, which will run from October to November 2023. The Nile Property Expo launched its innovative promotional campaign this month, sponsored by Raei […]

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20.08.2023
21:42 TheDailyNewsEgypt.com Middle Eastern investors plan to inject $120bn in Egypt’s real estate market: Knight Frank MENA

Knight Frank MENA, a global real estate consultancy, has issued the Africa Horizons 2023/24 Report, a comprehensive analysis showcasing Africa’s remarkable post-pandemic recovery. With a focus on Egypt, this report reveals a renewed surge in global interest in the continent, underscored by substantial investment commitments from major global powers including the US, UK, South Korea, […]

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14.08.2023
05:22 TheDailyNewsEgypt.com Egypt to sell 1.7 sq km of industrial land to narrow trade gap

Egypt will offer for sale 1.7 square kilometres of industrial land plots as part of a plan to narrow the country’s trade gap of $30bn, the country’s Industrial Development Authority (IDA) announced on Sunday.    IDA will offer for sale 790 plots of land in 14 governorates to local and foreign investors on 16 August, […]

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05:22 TheDailyNewsEgypt.com OWN startup launches platform for digital trading of real estate in Egypt

OWN for marketing and investment solutions has announced the launch of its specialized digital platform for real estate trading. Hisham Al-Safi, CEO of OWN, said that the platform launched by the company is a digital platform that aims to transform the experience of searching and buying real estate from a routine work to an exciting […]

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13.08.2023
22:22 TheDailyNewsEgypt.com Egypt to sell 1.7 sq km of industrial land to narrow trade gap

Egypt will offer for sale 1.7 square kilometres of industrial land plots as part of a plan to narrow the country’s trade gap of $30bn, the country’s Industrial Development Authority (IDA) announced on Sunday.    IDA will offer for sale 790 plots of land in 14 governorates to local and foreign investors on 16 August, […]

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22:22 TheDailyNewsEgypt.com  Egypt’s PM reviews proposals to boost real estate export

Egyptian Prime Minister Mostafa Madbouly reviewed a number of proposals to boost real estate export activity in a meeting Sunday at the government headquarters in New Alamein. The meeting was attended by Hassan Abdalla, Governor of the Central Bank of Egypt, Omar Marwan, Minister of Justice, Hala El Said, Minister of Planning and Economic Development, […]

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10.08.2023
05:52 TheDailyNewsEgypt.com Egypt’s cabinet approves draft law on creating national real estate ID system

Egypt’s cabinet on Wednesday approved a draft law to establish a national real estate ID system for properties to assist in government planning and development processes, the cabinet said in a statement.    The draft law proposes setting up a national real estate database that will designate each property with a unique identifier linked to […]

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03.08.2023
22:22 TheDailyNewsEgypt.com “The Address Investments” launches 1st edition of “The Address Property Show”, comprising of top real estate developers in Egypt

 The Address Investments, a prominent real estate brokerage firm operating in Egypt and the Middle East has introduced “The Address Property Show.” The primary objective of this show is to reform Egypt’s real estate market by delivering exceptional services and solutions to clients and partners. Through comprehensive consultations, The Address Investments assists both buyers and […]

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02.08.2023
20:22 TheDailyNewsEgypt.com Top 10 real estate companies in Egypt achieve total EGP 168bn sales in 1H 2023, TMG accounts for 30% 

The 10 largest real estate companies in Egypt achieved total EGP 168bn sales during the first half of 2023, with a growth rate of 88%, compared to the same period last year, according to a report from Z-Board Consulting. Talaat Moustafa Group topped the list of real estate companies in terms of sales during the […]

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01.08.2023
06:12 TheDailyNewsEgypt.com Egypt’s real estate developers look forward to investing in Saudi Arabia

Egypt’s real estate developers consider expansion in foreign markets, especially Saudi Arabia, in search of investment and profit opportunities in light of unstable economic conditions that the Egyptian economy suffers from. Some major real estate companies expressed their interest in investing in the Saudi real estate market, in conjunction with the investment boom taking place […]

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27.07.2023
17:32 RT.com Putin urges launch of Russian industrial zone near Suez Canal

A Russian industrial zone near Egypt’s Suez Canal should be operational in the near future, President Putin has pledged Read Full Article at RT.com

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17:12 RT.com Putin urges launch of Russian industrial zone near Suez Canal

A Russian industrial zone near Egypt’s Suez Canal should be operational in the near future, President Putin has pledged Read Full Article at RT.com

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16.07.2023
13:42 EgyptIndependent.Com Al-Futtaim Group Real Estate signs deal to support Ahl Masr Foundation, Egypt’s 1st non-profit hospital for burn victims

Leading Egyptian real estate developer ‘Al-Futtaim Group Real Estate’ (AFGRE) has signed a partnership deal with Egypt’s first non-profit hospital and research center offering free treatment to burn victims for the entire MENA region, the Ahl Masr Foundation, to fund a medically-equipped room. The deal occurred at New Cairo, where the hospital is located, attended … The post Al-Futtaim Group Real Estate signs deal to support Ahl Masr Foundation, Egypt’s 1st non-profit hospital for burn victims appeared first on Egypt Independent.

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12.07.2023
00:42 TheDailyNewsEgypt.com “Think Commercial” roundtable 7th edition to discuss Egypt’s real estate market developments

The seventh edition of the “Think Commercial” roundtable series, organized by Media Avenue, will be held on August 15 at the Ritz-Carlton Hotel in Cairo. The event will focus on the latest developments in the Egyptian real estate market. The theme of this year’s roundtable is “The Rise of the Multi-Sector Real Estate Market.” The […]

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29.06.2023
15:12 TheDailyNewsEgypt.com New Capital embraces first initiative to regulate Egypt’s real estate marketing sector

Egypt’s New Administrative Capital (NAC) has hosted the first serious action towards regulating the real estate marketing sector as a step towards organizing and pushing property export by receiving experts from Innovation Experts Real Estate Institute in Dubai to give the first training course of its kind in Egypt to real estate marketers. The event […]

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15:12 TheDailyNewsEgypt.com 95% of Egypt’s real estate is unregistered: EBA

Local real estate market needs online system to preserve real estate wealth, says Fekry

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21.06.2023
22:02 TheDailyNewsEgypt.com INVEST IN supports Egypt’s property export through new online platform

INVEST IN database provides its clients with information about offered projects to choose appropriate unit

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18.06.2023
16:09 Egyptian-Gazette.com INVEST IN supports Egypt’s property export through a new online platform

INVEST IN, the leading online real estate platform, introduces a unique buying experience for customers based on easy browsing and comparing between the offered projects, which enables client to see properties as a tangible reality. Moreover, the platform provides clienteles with all information they need about units to make their decision to buy on its […] The post INVEST IN supports Egypt’s property export through a new online platform appeared first on Egyptian Gazette.

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16.06.2023
16:02 EgyptIndependent.Com Russian industrial zone in Suez Canal being discussed: Putin

A project to establish a Russian industrial zone within Egypt’s Suez Canal economic zone is currently being discussed, Russian President Vladimir Putin said during his visit to the UAE pavilion at the St. Petersburg International Economic Forum. The UAE President Sheikh Mohammed bin Zayed proposed tripartite cooperation between Russia, Egypt and the UAE. Egyptian-Russian negotiations … The post Russian industrial zone in Suez Canal being discussed: Putin appeared first on Egypt Independent.

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14.06.2023
19:38 TASS.com Russian industrial zone’s construction to start after Egypt’s ratification — envoy

The industrial zone will consist of two parts: one in the north of the Suez Canal, near Port Said and another in the southern end of the Suez Canal, in the area of the city of Ain Sukhna

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12.06.2023
19:02 TheDailyNewsEgypt.com Influx of Sudanese refugees to Egypt contributes to increasing property prices: MBG chairperson

Chairperson of MBG Developments Mahmoud Al-Adl has stated that the influx of Sudanese refugees to Egypt has contributed to increasing the real estate market demand and unit prices, especially in downtown areas in Cairo and Giza. Al-Adl said that the property sector is going through a real crisis due to economic conditions in the recent […]

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05.06.2023
18:32 TheDailyNewsEgypt.com E-Systematic launches MLS real estate platform in Egypt: CEO

Company increases its investments from EGP 200m to EGP 1bn in few months, says Elbatrawy

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29.05.2023
15:02 EgyptIndependent.Com Real estate market in Egypt turns to US dollar – the looming threat of dollarization

Ahmed and his wife are looking for a larger house after their small family rose to four instead of only two. As they become accustomed to the upscale Maadi area where they started their life together, they began searching for a larger home in the same neighborhood. A group on Facebook displayed pictures of a … The post Real estate market in Egypt turns to US dollar – the looming threat of dollarization appeared first on Egypt Independent.

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28.05.2023
19:02 TheDailyNewsEgypt.com Egyptian property sales increase 7% in April: Aqarmap

Aqarmap, Egypt’s Real Estate Demand Index, recorded a growth of 7% in property sales in April, after a period of decline in March (coinciding with the holy month of Ramadan) due to steady hikes in prices. Although Ramadan usually witnesses the peak of advertising campaigns for most real estate companies, real estate sales are witnessing a […]

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19.05.2023
04:36 ArabNews.com Egypt ends curbs on foreign property ownership

CAIRO: Egypt is to remove limits on foreign ownership of property in an effort to attract more hard currency to the country. Prime Minister Mostafa Madbouly said in a news conference on Wednesday that the government would remove restrictions that allow foreigners to own no more than two properties, both of which currently need to be in different cities. He also said that the state would work to speed up land registration for investors, following complaints of processing difficulties at the Supreme Council for Investments.

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15.05.2023
12:52 TheDailyNewsEgypt.com Developers list their demands to revitalise, develop Egyptian real estate sector

Main demands are providing mortgage finance for under-construction units, launching escrow accounts, and fixing interest on land loans

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07.05.2023
20:42 TheDailyNewsEgypt.com Developers call for digitising property registration, sale process in Egypt

Lack of data is one of biggest obstacles facing foreign investors in Egypt

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21.04.2023
00:22 TheDailyNewsEgypt.com Q Developments expands into Egyptian real estate market 

Q Developments plans to launch 3 projects in North Coast and Alexandria, with investments worth EGP 9bn

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04.04.2023
14:22 EgyptIndependent.Com Introducing ‘Nocks’, Egypt’s 1st luxury real estate app

Nocks Egypt has launched the “Nocks” app, Egypt’s first application specialized for buying high-end real estate and luxury villas directly from the real estate developers without intermediaries. In a statement, the company explained that the app will maintain the highest standards of privacy for customers. Subscriptions are done by obtaining a direct invitation from a … The post Introducing ‘Nocks’, Egypt’s 1st luxury real estate app appeared first on Egypt Independent.

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03.04.2023
14:12 TheDailyNewsEgypt.com DNE Awards honours Ora Developers Egypt as ‘most influential company in innovating real estate products”

Daily News Egypt honoured Haitham Abdel Azim, CEO of Ora Developers Egypt, as “The most influential company in innovating new real estate products” for its efforts in innovating and developing unique properties in Egypt. Ora Developers Egypt has a proven track record of developing exclusive property projects that balance exceptional modern thinking with timeless designs […]

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14:12 TheDailyNewsEgypt.com On 80th anniversary, Dorra maintains leadership in Egypt’s real estate market, expands abroad

Sultan added that the company began executing its own real estate projects such as Zayed 2000, Zayed Residence, and Zayed Heights in Sheikh Zayed city, west Cairo. 

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27.03.2023
12:51 TheDailyNewsEgypt.com Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export

The first exhibition was held in Riyadh, Kingdom of Saudi Arabia, from 15 to 18 February, then Jeddah, Saudi Arabia, from 2 to 4 March, and Dubai, UAE, from 4 to 5 March, and the tour concluded in Dammam, Saudi Arabia, from 9 to 11March.

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20.03.2023
16:07 TASS.com Russia, Egypt sign additional agreement on Russian industrial zone — Deputy PM

It is reported that the changes will allow resident companies to sell products manufactured in the Russian industrial zone on the Egyptian market

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13:32 EgyptIndependent.Com Kamel al-Wazir: Egypt does not sell its property

  The Egyptian Transport Minister Kamel al-Wazir, commented on the signing of the final contract for the operation, management and maintenance of the multi-purpose terminal in the port of Safaga between the Red Sea Ports Authority and the Abu Dhabi Ports. During a phone-in with TV host Amr Adib on his show “al-Hekaya” (The Story), … The post Kamel al-Wazir: Egypt does not sell its property appeared first on Egypt Independent.

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12:51 TheDailyNewsEgypt.com Strong presence of Egypt’s real estate developers in MIPIM in Cannes

Developers sign partnerships with major companies and service providers to develop real estate industry in Egypt

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19.03.2023
20:27 TASS.com Egyptian president, Russian deputy PM discuss Russian industrial zone project in SCZONE

During the meeting, the parties also raised the issue of "cooperation in the field of grain and food supplies in the light of the current global crisis"

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20.01.2023
08:25 Yahoo.com Business Egypt Facility Management Market is expected to reach approximately $600 Mn by 2026 owing to Increasing Infrastructural and Real Estate growth and rising Younger Population in Egypt: Ken Research

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13.12.2022
18:48 Egyptian-Gazette.com Diarna Real Estate to launch “The Capital Egypt EXPO” on December 16

Diarna Real Estate Company announced the launching of The CAPITAL EGYPT EXPO in its third edition on 16th and 17th December, which the company is organizing at Dusit Thani Hotel in New Cairo, with the participation of 40 major real estate development companies. Reda Al Minshawy, Head of sales sector at Diarna Real Estate company, […] The post Diarna Real Estate to launch “The Capital Egypt EXPO” on December 16 appeared first on Egyptian Gazette.

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07.12.2022
18:39 Egyptian-Gazette.com Egypt appreciates recommendations of Baghdad Declaration for protection of cultural property

The activities of the Ancient Civilisations Forum, in its sixth edition, were concluded in the Iraqi capital, Baghdad, with the participation of an Egyptian delegation headed by Dr Nevine el-Kilani, the Egyptian Minister of Culture. Dr Nevin el-Kilani, said “During our participation in the forum, we were keen to emphasise that protecting cultural property against […] The post Egypt appreciates recommendations of Baghdad Declaration for protection of cultural property appeared first on Egyptian Gazette.

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10.11.2022
16:18 Egyptian-Gazette.com EBNY investments in Egypt’s real estate sector hits LE8b

Ebny Real Estate Development Company signed a consultancy alliance for a number of leading and distinguished consulting companies in a number of real estate development fields in order to develop the company’s real estate product in New Sohag Governorate, to make a qualitative leap in the real estate market there, as it is one of […] The post EBNY investments in Egypt’s real estate sector hits LE8b appeared first on Egyptian Gazette.

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04.09.2022
19:47 Egyptian-Gazette.com OLX Egypt announces most in-demand areas in real estate

OLX Egypt revealed the most popular areas for buying properties on its platform last August, as well as the most popular car models in the same period. OLX highlighted the top five housing projects that are in demand by customers on OLX, namely Madinaty, Hyde Park compound New Cairo, Al Rehab City, Taj City and […] The post OLX Egypt announces most in-demand areas in real estate appeared first on Egyptian Gazette.

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31.08.2022
14:48 Egyptian-Gazette.com Housing, emigration ministers discuss promoting Egyptian expats’ real-estate investments in Egypt

Egypt’s Minister of Housing, Utilities and urban Communities Assem el-Gazar and Minister of State for Emigration and Egyptian Expatriates’ Affairs Soha Gendi discussed ways of boosting bilateral co-operation to promote real-estate investment opportunities for Egyptians abroad in Egypt. During a meeting on Wednesday, the minister of housing said his ministry is keen on offering all […] The post Housing, emigration ministers discuss promoting Egyptian expats’ real-estate investments in Egypt appeared first on Egyptian Gazette.

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24.07.2022
17:18 TASS.com Russian industrial zone project in Egypt at final stage of agreements - Lavrov

"Among the large-scale joint projects are the project for the El Dabaa nuclear plant, which has recently held the founding ceremony, and the project for the establishment of a Russian industrial zone in Egypt near the Suez Canal," he said.

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20.07.2022
19:28 Egyptian-Gazette.com Sisi decides to remove public benefit status of some state-owned property

CAIRO – President Abdel Fattah El Sisi has issued a decree to transfer the ownership of some public property to the Finance Ministry. The decision is meant to remove the public benefit status of some state-owned property, including the building of the general administration of special operations in Cairo. The prime minister should decide how […] The post Sisi decides to remove public benefit status of some state-owned property appeared first on Egyptian Gazette.

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22.06.2022
22:27 Egyptian-Gazette.com OLX Egypt explains impact of Egyptian currency devaluation on real estate

OLX Egypt has spotted a reduction in the real estate and automotive Ads after the Egyptian currency devaluation, based on the analysis of the behavior of 6 million monthly users. The study showed a 15% reduction in real estate ads compared to May, as well as the percentage of car ads by 35% in the […] The post OLX Egypt explains impact of Egyptian currency devaluation on real estate appeared first on Egyptian Gazette.

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07.05.2022
18:38 Egyptian-Gazette.com Egypt’s Justice min. announces start of applying law to ease property registration procedures

CAIRO – Egypt’s Justice Minister Amr Marawan has announced the start of applying Law no. 9 of 2022 to ease property registration procedures. The first registration process of a real estate property under the new procedures was implemented in Qalubiya governorate. Marawan said that the move came as part of directives of President Abdel Fattah […] The post Egypt’s Justice min. announces start of applying law to ease property registration procedures appeared first on Egyptian Gazette.

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09.04.2022
17:22 EgyptIndependent.Com President Sisi orders further promotion of real estate investment for Egyptian expats

President Abdel Fattah al-Sisi ordered to expand the scope of efforts to promote real estate investment in Egypt for Egyptian communities abroad, done through coordination with all concerned authorities and real estate development companies. This came during President Sisi’s Saturday meeting with the Minister of Immigration and Egyptians Abroad Affairs Nabila Makram, which dealt with … The post President Sisi orders further promotion of real estate investment for Egyptian expats appeared first on Egypt Independent.

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30.03.2022
12:52 EgyptIndependent.Com Egypt introduces amendments to real estate registration law

Gamal Yaqout head of the Real Estate Registration Authority, said that 52 meetings were held more than a year ago to amend the real estate registration law, and the citizen’s right to register housing units was consolidated. During a telephone interview with Sada al-Balad satellite channel, on Tuesday, Yaqout added that the law was approved … The post Egypt introduces amendments to real estate registration law appeared first on Egypt Independent.

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23.03.2022
15:46 EgyptIndependent.Com Real estate expected to increase in the Egypt, official

  The Chairman of Real Estate Development Chamber of the Federation of Egyptian Industries (FEI) Tarek Shoukry expected on Tuesday a new rise in the prices of real estate on the market by 15-20 percent in the next few days. During a telephone interview with Lamis al-Hadidi on Egypt’s “Last Word” (Kalema Akhera) television show … The post Real estate expected to increase in the Egypt, official appeared first on Egypt Independent.

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