Developers Postpone Sales to Re-price Products

• Monday, 14th November 2016
• by Karim Mohy

Several real estate companies have suspended sales of residential units to reprice amid increases in interest rates nationwide.

AREH for Real Estate records Profit Growth in Q3 2016

• Sunday, 13th November 2016
• by Karim Mohy

Real Estate Egyptian Consortium (AREH) has recorded 10% growth in the third quarter of 2016.

Talaat Mostafa Group Records 10.5% Q3 Growth y-o-y

• Sunday, 13th November 2016
• by Karim Mohy

Talaat Mostafa Group has recorded an unaudited net profit of EGP 184.3 mn in the third quarter of 2016, compared to a net profit of EGP 166.8 mn in the same period last year.

Palm Hills to Postpone Projects to Avoid Cannibalizing Sales -Analyst

• Thursday, 10th November 2016
• by Karim Mohy

Palm Hills Development will postpone the launch of its projects to avoid cannibalizing sales, in light of its wide geographical expansion and diverse projects, according to Mohamed Marei, Equity Research Analyst at Prime Holding.

Pyramids Heights Units Earn EGP 1.1 bn in Sales Since October

• Thursday, 10th November 2016
• by Karim Mohy

Samcrete Engineers and Contractors’ Pyramids Heights Residences in 6th of October City have already recorded sales of EGP 1.1 bn since the project was first promoted starting from last month.

Developers fear Government Competition in Real Estate Market -Sources

• Wednesday, 9th November 2016
• by Karim Mohy

Small and medium-sized real estate companies are reportedly growing concerned following the Housing Ministry’s offering of units at an unsubsidized cost of EGP 198,000, which will result in taking away a huge number of a buyers from a certain class from developers.

El Massa to Develop 26 Acres of Land in Beni Suef

• Wednesday, 9th November 2016
• by Karim Mohy

El Massa for Real Estate Development will begin developing 26 acres of land in Beni Suef that the company bought in a public auction last year.

Heliopolis Housing Records Sales of EGP 25.4 mn in October

• Wednesday, 9th November 2016
• by Karim Mohy

Heliopolis for Housing and Development’s three projects, in the Sheraton neighborhood in Heliopolis, in Obour City, and in New Heliopolis City, have recorded total sales of EGP 25.4 mn in October.

Administrative Court Rejects Qatari Diar’s Lawsuit to Cancel Sinai Project

• Wednesday, 9th November 2016
• by Karim Mohy

The Administrative Court has rejected an appeal lodged by Qatari Diar to cancel its 30 mn square meter project in Sinai.

Al-Futtaim to Invest EGP 3 bn in Developments in Egypt

• Wednesday, 9th November 2016
• by Karim Mohy

Dubai-based developer Al-Futtaim Group plans to invest EGP 3 bn to complete its projects in Egypt, including its Oriana development in New Cairo which will alone receive EGP 1 bn in investment, according to Managing Director Mohamed El Mikawi.