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.

7,690 Social Housing Units to be Implemented in Beheira

• Monday, 7th November 2016
• by Karim Mohy

A total of 7,690 social housing units will be constructed in the governorate of Beheira in the Nile Delta, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly.

Mortgage Finance Fund Loans Remain Steady Amid Interest Hikes

• Sunday, 6th November 2016
• by Karim Mohy

The loans provided by the Mortgage Finance Fund for real estate, targeting middle- and low-income citizens, will remain steady amid a 3% increase in key interest rates at banks, Mai Abdel Hamid, Chairman of Mortgage Finance Fund told Invest-Gate.

Housing Ministry Delivers 3,547 Units in Gharbeya

• Sunday, 6th November 2016
• by Karim Mohy

A total of 3,547 social housing units have been delivered to citizens in Gharbeya after the signing of contracts, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly.

Obour City Continues Campaign to Resolve Building Violations

• Sunday, 6th November 2016
• by Karim Mohy

A total of 64 cases of building violations have been resolved or removed amid a larger campaign to remove any types of violation across Obour City.