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

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

Egypro Bids Over Land in Assiut

• Monday, 5th December 2016
• by Farah Montasser

As part of the New Assiut City development plan, an Egyptian company, Egypt Trading and Engineering Projects (Egypro), has joined eight other counterparts in bidding over 13,000 square meters lands for commercial use in the governorate of Assiut at a cost of EGP 35.5 mn, reported Al Borsa.