NUCA Prices New Cairo Land Plot for EGP 5,500 Per Meter

• Tuesday, 6th December 2016
• by Farah Montasser

The New Urban Communities Authorities (NUCA) has priced a-155-acre-land plot in New Cairo for EGP 5,500 per meter square, according to unnamed sources in NUCA, Al Borsa reported

Public Lottery for Dar Misr Units to Begin Thursday

• Tuesday, 6th December 2016
• by Farah Montasser

The public lottery for units in the Dar Misr middle-income housing project is set to start on December 8 and continue to December 18, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly, Al Mal reported

Mortgage Companies Provide EGP 783 mn by October 2016

• Tuesday, 6th December 2016
• by Farah Montasser

Total real estate funding activity amounted to EGP 783 mn in the first 10 months of 2016, compared to last year’s EGP 732 mn, marking a 7% increase, according to Sherif Samy, head of the Egyptian Financial Supervisory Authority (EFSA), reported Arab Finance

Sheikh Zayed City Demands EGP 100 mn for Projects Development

• Tuesday, 6th December 2016
• by Farah Montasser

Sheikh Zayed City Authority has requested of Planning, Monitoring and Administrative Reform an additional budget worth of EGP 100 mn as part of the city’s current budget that is allocated for Dar Misr project , an electricity station, and a central park, reported Al Borsa

Capital Group to Invest $250 mn by Q1 2017

• Tuesday, 6th December 2016
• by Farah Montasser

Capital Group Properties (CGP) will be increasing its investments to a total of $ 250 mn by the first quarter of 2017, according to the company’s CEO Amgad Hassanein, reported Al Borsa

Administrative Capital Units to Go on Sale in Q1 2017

• Monday, 5th December 2016
• by Joana Saba

Administrative Capital for Urban Development is currently pricing the units in preparation to market them for sale in the first quarter of 2017, sources at the Ministry of Housing, Utilities, and Urban Communities said.

AqarMap Reports 1.5% Decline in Real Estate Demand

• Monday, 5th December 2016
• by Joana Saba

Real estate demand has declined by 1.5% during November 2016, according to a report released by AqarMap, a real estate statistical website.

Inertia to Develop 2 Residential Projects in Egypt

• Sunday, 4th December 2016
• by Farah Montasser

Inertia Egypt Holding is set to embark on its first phase of a 120-acres- residential project on Cairo Alex Desert Road, at a total cost of EGP 1.7 bn, as of next month January 2017, according to Inertia CEO Ahmed El Adawy, Al Mal reported.

IGI to Build Residential Project in Gharbeya

• Thursday, 1st December 2016
• by Joana Saba

IGI for Real Estate has completed the master plan for a residential project that will be built on 60,000 square meters of unused land owned by the Arab Cotton Ginning Company in the governorate of Gharbeya, Yousef Mohamadi, the company’s Investor Relations Manager told Al Borsa.

Madaar Records EGP 1.6 bn in Contractual Sales for Azha Project

• Thursday, 1st December 2016
• by Joana Saba

Real estate developer Madaar has recorded contractual sales worth EGP 1.6 bn for its high-end residential resort development Azha in Ain El Sokhna, CEO Gaser Bahgat told Amwal Al Ghad.