Housing Ministry to Offer New Land Plots in Upper Egypt

• Monday, 14th November 2016
• by Karim Mohy

New land plots will be offered to real estate investors this month in Assiut City and Qena City, according to Mostafa Madbouly, the Minister of Housing, Utilities, and Urban Communities.

Housing Ministry to Establish Social Housing Units in New Cairo

• Monday, 14th November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities will establish between 8,000 and 10,000 social housing units with floorplans of approximately 90 square meters as a first phase of a social housing scheme located in New Cairo.

Madbouly Follows up on Construction of Sayeda Zeinab Project

• Sunday, 13th November 2016
• by Karim Mohy

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly and Governor of Cairo Atef Abdelhamid visited the Tal El Akareb project in the Sayeda Zainab neighborhood to follow up on construction of residential units that will replace old ones.

Egypt Invests EGP 24 bn in 6th of October City

• Sunday, 13th November 2016
• by Karim Mohy

The total value of investments in 6th of October City has reached EGP 24 bn thus far in 2016, according to Hany Younis Spokesperson for the Ministry of Housing , Utilities, and Urban communities.

Land Plots in New Cities to be Offered through Lottery Starting 17 November

• Sunday, 13th November 2016
• by Karim Mohy

Land plots for luxury housing projects in the New Cities will be offered through a series of public lotteries starting on Thursday, November 17, according to Mostafa Madbouly, Minister of Housing, Utilities, and Urban Communities..

Housing Ministry to Offer Residential Units in Dollars

• Thursday, 10th November 2016
• by Karim Mohy

The Housing Ministry will be offering land and residential units in US dollars to target Egyptian living abroad in the upcoming weeks, Assistant to the Minister of Housing for Technical Affairs Khaled Abbas told Invest-Gate.

China and Egypt Joint Projects Total $7.5 bn

• Thursday, 10th November 2016
• by Karim Mohy

The total value of the joint projects between Egypt and China currently underway amounts to $7.5 bn, according to the Cabinet’s Spokesperson Hossam El Qawish.

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.

Madbouly: Prices for Reserved Social Housing Units will not Increase

• Tuesday, 8th November 2016
• by Karim Mohy

The prices of the reserved social housing units will not increase following the flotation and subsequent devaluation of the Egyptian pound against the US dollar, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly.

Price of Construction for Social Housing Units Set to Increase

• Monday, 7th November 2016
• by Karim Mohy

The Ministry of Housing, Utilities and Urban Communities is preparing for an increase in the cost of building social housing units, to record EGP 155,000 per unit instead of EGP 135,000, in the contracts that will be signed for the next phases of the new cities and governorates.