NUCA Extends Deadlines for Cooperative, Syndicate Housing Projects

• Thursday, 17th November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities agreed to extend the deadline for year for cooperative housing associations and professional syndicates who received lands from New Urban Communities Authority (NUCA) to finalize projects that have not yet been completed.

Housing Ministry Offers Land to Build Hospital in Upper Egypt

• Thursday, 17th November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities plans to offer land tenders in one of the new cities located in Upper Egypt to build a branch of Abo El Reesh Children’s Hospital in efforts to meet demand of residents in the area, according to Minister of Housing Mostafa Madbouly.

Dar Misr Unit Prices Increase Following Pound Flotation

• Wednesday, 16th November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities has increased the price per square meter in the cities included in the third phase of the Dar Misr project as a result of the flotation of the Egyptian Pound and the increasing prices of building material.

CFLD to Discuss Capital City Land Pricing with Housing Ministry

• Wednesday, 16th November 2016
• by Karim Mohy

Representatives from China Fortune Land Development (CFLD) will be meeting with the Egyptian Ministry of Housing, Utilities, and Urban Communities in the upcoming days to discuss the pricing for the first phase of land offered in the new Administrative Capital.

Deadline Extended to Reserve Rental Social Housing

• Wednesday, 16th November 2016
• by Karim Mohy

Mostafa Madbouly, Minister of Housing, Utilities, and Urban Communities, has agreed to extend the application period to reserve social housing rental units to November 30 for residents with incomes of less than EGP 1,500 per month.

Ministers of Investment, Housing Discuss New Investment Law

• Tuesday, 15th November 2016
• by Karim Mohy

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly met with Minister of Investment Dalia Khorshid to discuss the newly drafted investment law that is currently being prepared by the Cabinet and is expected to be submitted for parliamentary approval.

Supply Exceeds Demand in Alexandrian Real Estate Market -Analysts

• Monday, 14th November 2016
• by Karim Mohy

Amid sharp fluctuations in the Alexandrian real estate market following the flotation of the Egyptian pound against the US dollar and the raising of fuel prices, a survey of industry experts by Al Mal suggests that supply of real estate in Alexandria has outpaced demand.

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.

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.