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.

Heliopolis Company Set to Sign EGP 100M Contract for Water Plant

• Thursday, 14th July 2016
• by Heba Eid

Heliopolis Company for Housing and Development, Egypt-based construction company, plans to sign a contract within two weeks to implement water tertiary treatment plant in New Heliopolis City, said Khaled Marasi, its Managing Director.

Rental Properties to See a 25% Spike During Summer Months

• Monday, 11th July 2016
• by Heba Eid

Summer rentals are expected to increase by 25% this summer, according to real estate market stakeholders, the highest increase in rental prices.

800 Acres to be Reclaimed in Aswan’s Al-Nakra Valley

• Monday, 11th July 2016
• by Heba Eid

M2 Developments, previously known as Misr Al Mahrousa, an Egypt-based real estate developer, plans to reclaim 800 acres in Al-Nakra Valley in Aswan by the end of 2016, said Mostafa Aboul Fotouh, its CEO.

Egypt’s Moukhtar Ibrahim to Expand Regionally

• Sunday, 10th July 2016
• by Heba Eid

Moukhtar Ibrahim, Egypt-based construction firm, plans to open two branches in Algeria and UAE, by the end of 2016, announced its chairman, Fayek El Banna.

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.

Madar to Invest EGP 4.5 B in Real Estate Market in 2017

• Tuesday, 5th July 2016
• by Heba Eid

Madar Holding Company for Real Estate Development is set to invest EGP 4.5 billion in the real estate market in 2017 and launch new projects, revealed Gasser Bahgat, the company’s Board of Directors Chairman and Managing Director.

Amer Group to Pay EGP 73M in Violations

• Monday, 4th July 2016
• by Heba Eid

Amer Group is requested to pay EGP 73 million in fines by Touristic Villages Organization for utilizing pier of Marina El Alamein Center in addition to the other installments of Porto Marina land in North Coast.

Hassan Allam Awarded 40% of New Administrative Capital Infrastructure Work

• Sunday, 26th June 2016
• by Nadine Abou el Atta

Nasr General Contracting – Hassan Allam – has been awarded about 40% of the total infrastructure work for the new administrative capital – a total of EGP 400 million, said CEO of the company, Abdullah Khairy, reported Amwal Al Ghad.