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.

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.