REAL ESTATE

16 Apr 2014

Armed forces finalise plans to build 1m youth residential units


The Egyptian Army Corps of Engineers and Emirati construction company Arabtec held a conference on Tuesday to finalise arrangements to commence building one million residential units for youth, said Colonel"...

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15 Apr 2014

9,125 residential units constructed in Beheira: Minister of Housing


Minister of Housing, Utilities and Urban Development Mostafa Madbouly visited Beheira Governorate to inspect 9,125 residential units that are being built as part of a social housing programme, according"...

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14 Apr 2014

50% of Egyptians ineligible to benefit from social housing programme: EIPR


The eligibility regulations to apply for a residential unit in the social housing programme prevents 50% of the lowest-income Egyptian from qualifying, the Egyptian Initiative for personal Rights (EIPR) in a report published in April.


"...

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13 Apr 2014

Egypt’s real estate prices expected to increase by 15% in 2014

The prices of Egypt’s property units will increase by 15% in 2014, Executive Chairman of international real estate brokerage firm Coldwell Banker New Homes Khalid Bahig said on Thursday. A high demand on property units, the hike in the prices of construction materials and the strength in the value of the Egyptian pound against the US dollar are the reasons...

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10 Apr 2014

Cairo’s real estate market stands still

The Cairo real estate market is most likely to remain subdued for now, with a period of gradual recovery potentially beginning in late 2014 or 2015.

This according to JLL, a leading global real estate"...

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08 Apr 2014

Minister of Housing seeks partnerships with private companies to revitalise housing sector


With the aim of attracting real estate investments, Minister of Housing, Utilities and Urban Communities Mostafa Madbouly said Monday that the government will consider partnerships with private investment"...

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01 Apr 2014

TIAA-CREF Successfully Closes Real Estate Joint Venture with Henderson

Completes Acquisition of Henderson’s North American Property Business


TIAA-CREF, a leading financial services provider, today completed the successful launch of its previously announced real estate joint venture with Henderson Global Investors (“Henderson”), one of Europe’s largest investment"......

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30 Mar 2014

Minister of Housing to address real estate industry

Minister of Housing, Utilities and Urban Development Mostafa Madbouly has confirmed his attendance at the real estate industry’s flagship event, the Egypt Real Estate Summit, which will take place on 7-9 April at Four Seasons at Nile Plaza, Cairo.


"...

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30 Mar 2014

Al-Futtaim Group signs EGP 532m facility agreement with CIB

Al-Futtaim Group, real estate leader in the United Arab Emirates and the Middle East, signed Wednesday a term facility agreement with CIB worth EGP 532m to finance the second phase of the group’s mega project Cairo Festival City in New Cairo.


"...

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25 Mar 2014

New investments boosting the real estate sector reflected at 2014 Cityscape egypt


This April will witness one of the most important events on the industry calendar, Cityscape Egypt 2014 in association with Next Move.


Following 5.9% growth in the sector year on year and real estate’s contribution to"......

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