NUCA Allows Construction of Additional Floors in New Cities

• Thursday, 14th July 2016
• by Heba Eid

New Urban Communities Authority (NUCA) is now allowing owners of small plots of land in new cities to build an extra floor.

Jumeirah to Launch EGP 15B Project in Ras El Hekma

• Thursday, 14th July 2016
• by Heba Eid

Jumeirah Real Estate Investment and Sakan Development officially launched Jumeirah Bay Ras El-Hekma project located in Ras El Hekma Bay on the North Coast.

Eradicating Informal Settlement Areas is Government’s Top Priority

• Tuesday, 12th July 2016
• by Heba Eid

President Abdel Fattah Al-Sisi stated the government’s commitment to eradicating informal housing settlements (ashwa’yat) through the social housing projects implemented by the state.

Slum Development Fund to Embark on New 200 Acre Project

• Tuesday, 12th July 2016
• by Invest Gate

A new urban development project is due to be built in Al Salam district, east Cairo on the Belbeis Road over a 200 acre area. The project is a collaboration between the Slum Development Fund and the Integrated Urbanism and Sustainable Design Program at Ain Shams University.

FEI: A Spike in Real Estate Prices Expected

• Monday, 11th July 2016
• by Heba Eid

Real estate prices are expected to rise in the upcoming period due to the increase in construction material prices, according to Ahmed Abdel Hamid, chairperson of the Building Materials Chamber at the Federation of Egyptian Industries.

New Alamein City to See EGP 3B Investment

• Sunday, 10th July 2016
• by Heba Eid

A recent report by the Ministry of Planning revealed development costs for New El Alamein city for the 2016/2017 fiscal year is estimated to be EGP 3 billion.

Al Ahly to Deliver 1,286 Units in Amwaj

• Tuesday, 5th July 2016
• by Heba Eid

Al Ahly for Real Estate Development intends to hand 1,286 residential units as part of the Amwaj project in 2017, said its Chairman, Hussein Sabbour.

New Vision Set to Launch 5 New Projects for EGP 70 M

• Saturday, 25th June 2016
• by Nadine Abou el Atta

New Vision, a real estate investment company, aims to raise their investment portfolio in the Egyptian market to EGP 1 billion through investments in New Cairo, and Mohandessin, by the end of 2019, said Chairman of the Board of Directors, Mohamed Kamal.

Arab Contractors and El Eman to Build 600 Residential Units in Red Sea

• Monday, 6th June 2016
• by Invest Gate

The Arab Contractors and El Eman Construction Companies have won a bid to execute 600 residential units, in the Red Sea governorate, with a cost of EGP 99 million.

Wadi Degla to Begin Construction of EGP 13M Neopolis Project

• Friday, 3rd June 2016
• by Invest Gate

Wadi Degla Developments has begun construction of its Neopolis project, with investments worth EGP 13.3 billion ($1.5 billion), the company announced in a press statement.