25 Apr 2017

Badr El Din inaugurates mall in District 16 of Sheikh Zayed

Badr El Din Real Estate Projects inaugurated Thursday the first phase of its MAZAR Mall project in District 16 of Sheikh Zayed on an area of 20,000 square metres with investments of EGP 200m.

Chairperson of the"...

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19 Apr 2017

Egypt's housing minister partakes in Washington's World Bank annual meetings

Egypt's Housing Minister Mustafa Madbouly flied to Washington on Tuesday to participate in the World Bank's annual meetings for discussing cooperation in housing, utilities, and urban development projects.


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17 Apr 2017

World Bank delegation visits a social housing project in Egypt

A high-level delegation from the World Bank has visited a social housing project in Badr City, located in north eastern Cairo.

The delegation was accompanied by Kamal Bahgat, Egyptian New Urban Communities Authority's"...

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11 Apr 2017

59.4% of Egyptians pay 25% of income to rent homes

59.4% of households would have to pay more than 25% of their monthly income to rent a median priced home estimated at EGP 800, according to Yahia Shawkat, co-founder of 10 Tooba Applied Research on the Built Environment.

Shawkat said that almost half of households (49.2%) would not be able"...

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08 Apr 2017

Egypt to develop major Cairo slum despite concerns of residents

Egypt is moving ahead with a development project that will demolish a major slum in the heart of Cairo. Residents are concerned about relocation and whether they can afford to remain in the area once development works are complete.


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06 Apr 2017

Naeem Holding starts $56mln private placement for real estate fund

Egypt's Naeem Holding on Wednesday started a private placement for a real estate fund worth 1 billion Egyptian pounds ($56 million), the company's chief executive officer Yousef Al Far said at a news conference. The placement will take place over one month and will be followed by an initial public offering for the fund before the Muslim holy month of Ramadan, due to start at the end of May. Al Far said the fund's duration was three years and it was expected to make a profit of at least 26 percent a year. The minimum investment for......

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06 Apr 2017

Egypt\'s ARDIC to deliver $66mln housing project in 2020

Egypt’s ARDIC for Real Estate Development Company has started implementing construction works in Zizinia El Mostakbal project in the Future City with investment worth 1.2 billion Egyptian pounds, an official said Monday.Ashraf Dowidar, ARDIC’s managing director, further added that the company will deliver the project within 2020, which includes 1,807 housing units. Dowidar stated that his company is the first to execute additional projects in Future City.“We are committed to the timetable set for delivery of the project’s......

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06 Apr 2017

Cement prices fell by LE65 in bid to boost sales

Cement prices declined today, as agents said that manufacturers are introducing price cuts ranging from EGP40 to EGP65 after prices of steel reinforcing bars, known as rebar, declined two days ago by EGP300 per tonne to EGP9600.

Al-Mal newspaper quoted agents as saying that cement prices reached EGP680 -"...

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06 Apr 2017

Cityscape Egypt 2017 ends on a high note amid attractive offers

The 6th edition of Cityscape, the biggest real estate show in Egypt, had recently concluded proving that the market is booming year after year. The show witnessed variety of projects by the companies and drew record-breaking number of visitors who capitalized on attractive payment offers"...

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05 Apr 2017

ARDIC to deliver Zizinia El Mostakbal by 2020

ARDIC for Real Estate Development starts carrying out construction works in its Future City development, Zizinia El Mostakbal, with investment reaching EGP 1.2bn, according to Ashraf Dowidar, ARDIC’s managing director.


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