Etqan Closes Deal with Incomercial to Develop Egyptian Real Estate Sector

• Tuesday, 4th April 2023
• by Invest Gate

The deal was signed by Bassem El-Sherbiny, CEO of Etqan, and Mohamed Shehata, Head of the Commercial and Retail Department, in the presence of leaders of the two companies, including Ahmed Abdelaziz, financial advisor at Itqan, Mahmoud Al-Qadi, head of the marketing sector, Co-founders of Incomercial Tariq Beltagy, Mohamed Mohieldin, and Mohamed Shehata and Mazen Salem.

Real Estate Companies in Egypt to Price in dollars then Sell in EGP as Inflation Precaution

• Tuesday, 4th April 2023
• by Invest Gate

Some real estate companies in Egypt resorted to using the "dollar" to hedge against the risks of rising costs after the deterioration of the pound and the rise in inflation. In contrast, others went to cancel some customers' reservations and return their money to maintain profit margins.

European Central Bank Warns of Investing in Real Estate Funds

• Tuesday, 4th April 2023
• by Invest Gate

The European Central Bank (ECB) warns of funds that invest in commercial real estate, considering it a threat to financial stability after it has grown significantly over the past decade.

MARAKEZ to Add New Brands in Mall of Arabia in Q1 2023

• Monday, 3rd April 2023
• by Invest Gate

Marakez, the developer of mall of Arabia, one of Egypt’s largest shopping malls with over 154,000 sqm, announces that it will be adding new famous brands to the mall.

JLL: Record inflow of FDI, Substantial Support from Regional Developers Underscores Egypt’s Resilient Real Estate Market

• Thursday, 30th March 2023
• by Invest Gate

Orascom Development to Deliver 1000 Residential Units in 2023

• Thursday, 30th March 2023
• by Invest Gate

O West continues to accelerate construction, with 444 villas already built and the construction of 1,015 apartments and 236 townhouses currently underway.

Schneider Electric Showcases Unique Expertise in Egypt’s Real Estate Market at MIPIM 2023

• Tuesday, 28th March 2023
• by Invest Gate

MIPIM’s sessions addressed the pressing issues of sustainability in the new fourth-generation cities, the need for smart buildings to combat climate change, and accelerating the transition to net zero emissions.

XLand Developments Launches Lake View; Expecting EGP 500 mn in Sales

• Sunday, 26th March 2023
• by Invest Gate

Lake View includes a social club, a gym, swimming pools, and cafes, and the units' areas range between 63 sqm and 230 sqm, and the engineering consultant for the project is Eng. Muhammad Arafa, and the architectural consultant is Eng. Muhammad Ezzat.

Eight Developments, Gaballah Group Sign Deal with Mission 235 to Manage Revolve Mall

• Sunday, 26th March 2023
• by Invest Gate

The step falls in line with the country’s plan in exporting real estate file, which contributes approximately with 20% out of the Egyptian national income.

MNHD Kicks Off Phase I of Rai in Sarai project

• Sunday, 26th March 2023
• by Invest Gate

The first phase of Rai offers a wide range of unit types, introducing S Villas that range in size from 212 to 239 sqm, in addition to 160-sqm townhouses.