Real Estate Expo to Launch on November 3 in Maadi Club

Real Estate Expo to Launch on November 3 in Maadi Club
Labourers work on a construction site in Dubai Marina February 28, 2009. Dubai’s government said on February 25 $10 billion in bond proceeds from the UAE central bank would be enough for now to help the Emirate’s companies pay off debts and restructure to deal with a real estate slump. REUTERS/Steve Crisp (UNITED ARAB EMIRATES) – RTXC6ZR

Real Estate Expo is set to take place on November 3 at the Maadi Club to serve as an exhibition for the country’s  most prominent real estate developments, Al Mal reported on Thursday.

The exhibition also aims to spotlight various payment methods to reportedly cater to all segments of buyers.

The real estate sector has become the only way to boost the Egyptian economy as the demand for housing continues to increase and includes foreign investment, according to the exhibition’s organizer Mohamed Gehad.

Real estate companies and contractors attending the exhibition will have units, payment methods, land plots, completed projects, and projects still under construction all on offer to attendees, according to Al Borsa.

Gehad also pointed out several recent changes affecting the real estate sector, including the New Urban Communities Authority’s amendment to the real estate bylaw, and efforts made by the housing ministry with regard to the real estate investment fund and relations with foreign investments. Gehad also expects the recent reforms will help facilitate both supply and demand of real estate.

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