Housing Projects for Youth to be Developed in New Valley

• Sunday, 11th December 2016
• by Invest Gate

A total of 421,700 square meters of housing projects across three villages in New Valley governorate have been dedicated for youth at affordable prices, announced to Governor of New Valley Mahmoud Ashmawy, according to Al Borsa.

Cabinet Approves Deadline Extension for Real Estate Projects

• Sunday, 11th December 2016
• by Invest Gate

Following numerous requests from contractors to postpone projects delivery dates, the Egyptian Cabinet has agreed to extend deadlines on real estate projects, according to Head of the Egyptian Federation for Construction & Building Contractors Hassan Abdel Aziz, Al Mal reported.

Government to Raise Tariff on Water Bills Next Month

• Sunday, 11th December 2016
• by Invest Gate

The Egyptian government is expected to raise water bills fee in houses and commercial areas as of January 2017 “in an effort to decrease subsidy on drinking water,” Mohy El Seir, spokesman for the Holding Company for Water and Wastewater, told Invest-Gate.

Over 2,000 Land Plots to be Offered in 10th of Ramadan City

• Sunday, 11th December 2016
• by Farah Montasser

The New Urban Communities Authority (NUCA) will be launching 2,224 land plots in the 10th of Ramadan City for applicants who previously applied in May 2016 lottery but did not win, according to a statement from Minister of Housing, Utilities and Urban Communities Mostafa Madbouly

Social Housing Projects Progress in Several Governorates

• Wednesday, 7th December 2016
• by Farah Montasser

The Ministry of Housing, Utilities, and Urban Communities has reopened the window for applications for applicants who previously applied for social housing units but were unable to obtain them in 6th of October and New Cairo, in efforts to sell the remaining 125,000 units in the social housing program, reported Al Borsa

Real Estate Appraisal Association Demands Increase in Assessment Fees

• Wednesday, 7th December 2016
• by Farah Montasser

The Real Estate Appraisal Association has requested that banks increase real estate assessment fees by 100% following the flotation of the Egyptian pound, reported Al Mal

Integrated Group To Develop Villa 55 Resort in Sharm El Sheikh

• Wednesday, 7th December 2016
• by Farah Montasser

The Integrated Group for Real Estate Development (IGRED) has launched its latest 100,000- square-meter resort, named Villa 55, in Nabq Bay, Sharm El Sheikh at a total cost of EGP 420 mn, reported Al Mal

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