Starlight Developments acquires Redcon Construction to implement See The Sea phase at its Katameya Coast project on the North Coast at an investment cost of EGP 3bn. Katameya Coast is located 180 km from Alexandria to Marsa Matrouh, featuring seven elevated platforms to guarantee all units with a sea view.

In less than three months since the launch of its first project in the Egyptian market, Jumeirah Egypt has obtained the Ministerial Decree No. 608 on 9/7/2021 & the Land Contract from the New Urban Communities Authority, to be one of the first developers to obtain a ministerial decree from the New Urban communities Authority in Ras El Hekma.

Fulfilling Jumeirah Egypt’s vision to create fully-fledged gated communities, “We strive to maintain the concept of sustainability by running our business in Egypt via a group of subsidiaries to provide a vast range of inclusive services with the purpose of surpassing wholeness in everything we do,” says Jumeirah Egypt CEO Hisham El Danasoury.

Starlight Developments announces its commitment to invest around EGP 10 bn in the Egyptian real estate market over the next three years.

Translated by Reem Selim
The Egyptian summer real estate market has become attractive for those seeking recreation; in fact, summer homes are now a golden opportunity to join the second home market community of investors.
Recently, the Egyptian second home market has also been a potential among foreign homebuyers. Accordingly, Egyptian government has paid a great deal of attention to coastal cities development, in a bid to revitalize the second home market, especially on Egypt’s Northwest Coast area, which attracts hundreds of visitors, compared to other regions.

To give a little sneak peek into what to expect from the four-day event, Invest-Gate speaks to exhibiting companies and developers and gets an overview of Cityscape Egypt 2020. We aspire to manifest what property exhibition offers to boost real estate demand, following more than six months of almost complete paralysis.

The economics of real estate rests on supply and demand curves for being closely intertwined concepts, determining production and resource intensity, as well as, consumer spending. Therefore, Invest-Gate puts the Egyptian property sector under the spotlight, examining the current conditions of the two crucial poles of the industry, while laying hands on the trending tactics used by developers to excel and ace the market circumstances.

Catch a glimpse into the new all-year-round products that are on the rise across various seasonal areas, in line with the government’s national urban development plan that aims to disperse Egypt’s growing population.

Invest-Gate pinpoints the most notable reforms and trends in the new coastal spots, in terms of purchasing power, determinants for owning vacation residences, desirable locations, sought-after facilities and features, and most importantly, investment potentials.

Invest-Gate R&A team guides you through New Alamein’s latest updates and developments, while underlining the consumer behavior toward this megaproject.