08 Feb 2016

Real estate prices will increase with continuous pound devaluation: JLL

Real estate investment and management firm Jones Lang LaSalle (JLL) said in its latest report on Egypt that the market exhibited positive performance during the third quarter (Q3) of 2015, despite devaluation of the Egyptian pound.

The report said the retail and hospitality sectors"...

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07 Feb 2016

Egypt’s al Sisi directs $127.7 million for housing units

Egypt’s state-run news agency says President Abdel-Fattah el-Sissi has ordered that one billion Egyptian pounds ($127 million dollars) worth of funds donated by government supporters be used to build 100,000 housing units.

MENA said Saturday the financing would come from Tahya"...

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02 Feb 2016

Metawee Group launches La Vida Compound’s second phase

Metawee Group announced the launch of the second phase of its project La Vida located in Heliopolis, they reported in a statement Monday.

The project aims to provide 500 housing units with total investments of EGP 230m provided through self-financing.


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01 Feb 2016

New fund to compensate victims of real estate fraud

The Egyptian Real Estate Council is preparing a law to establish a fund to compensate those who have not received residential units from companies, following several cases of money laundering and real estate fraud.


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29 Jan 2016

Hilton Worldwide and Atlantica Hotels Sign Deal to Develop Hilton Garden Inn Brand in Brazil

Hilton Worldwide (NYSE: HLT) and Atlantica Hotels announced today the signing of an exclusive management license agreement for Atlantica to develop and manage Hilton Garden Inn hotels in Brazil. The announcement underscores the continued momentum of the award-winning upper midscale Hilton Garden"......

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26 Jan 2016

SPF Realty Showcases ‘Viridian at the Fields’ By G&Co. at the Dubai Realty Show In Hong Kong

SPF Realty, the leading real estate player in the Middle East, represents the region’s premium property developer G&Co at the debut edition of the Dubai Property Show in Hong Kong, showcasing Dubai’s most-sought-after residential project"...

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18 Jan 2016

Bureaucracy biggest challenge in real estate sector: Expert

Member of Egyptian Businessmen’s Association and Egyptian Federation for Construction and Building Contractors (EFCBC) Daker Abdallah said government routine and bureaucracy are the main challenges that hinder construction companies.

Abdallah said these challenges threaten the"...

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09 Jan 2016

Top Dubai tycoon to build second Al Habtoor City in Egypt

One of Dubai's top businessman has revealed plans to build a huge mixed-use development in Cairo, based on a similar project currently being built in the emirate.

Khalaf Ahmad Al Habtoor, chairman of Al Habtoor Group, reportedly told TV station Al Arabiya that the Egyptian development would be built across more"......

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