News / Investment

PHD to develop newly acquired land, 6 October

Palm Hills Development PHD acquired 190 acres of land from the Egyptian Ministry of Housing located adjacent to the Company's existing developments in West Cairo, including Palm Hills Golf Views and Golf Extension

Dalia Khorshid meets with Al Futtaim, Lazard and Others

The Minister of Investment Dalia Khorshid met with the Emirati Omar Al Futtaim Group and the CEOs of Lazard, Credit Suisse, and Citybank on January 20, at the World Economic Forum in Davos, Switzerland

IMF Predicts Egypt’s Inflation to Fall This Year

The International Monetary Fund IMF predicts Egypt's inflation to drop during the second quarter of 2017, state owned news portal, Ahram Online reported

Alhafda Egypt-Kuwait to Invest EGP 1 bn in 2017, Administrative Capital

Alhafda Egypt-Kuwait for Construction and Décor is to invest a sum of EGP 1 bn on residential projects at the Administrative Capital and the new cities in 2017, Al Borsa reports

Commercial Units to be Offered at Auction, New Damietta and Badr City

Six stores and a pharmacy, ranging from 15 to 33 square meters will be put up for auction in the average housing market "Dar Egypt,” announced Adel ElDesouqy, head of the Authority for Developing Badr, Ministry of Housing, Utilities, and Urban Development announced

Tourism Sector to Flourish more than Residential, Office Sectors in 2017

The recent EGP float has resulted in a 23% inflation, which is expected to increase to 25%, affecting the prices of residential units which have increased by 30%, according to JLL’s Head of MENA Research Craig Plumb who spoke at Cityscape’s Business Breakfast today about Egypt’s accomplishments in the real estate sector in Q4 of 2016 and the upcoming economic challenges that will meet the residential, tourism, retail, and office sectors.

Egyptians Pump EGP 13bn in Dubai’s Real Estate Sector

A report from Dubai’s Land Department states that Egyptians were top investors in Dubai’s real estate during 2016, with around 1,364 Egyptian investors spending a total of EGP 13 bn in real estate purchases, Al Masry Al Youm notes.

Housing & Development Bank Funds 50% of Egypt’s Social Housing Projects

The Housing & Development Bank (HDB) is currently financing 50% of social housing projects achieved to this day, Invest-Gate reports.

Demand on Real Estate Increases Despite Economic Challenges Following Flotation

The real estate sector has witnessed heightened demand during the past few months following the flotation of the pound of the pound, with most companies have recording an estimated growth in sales volume ranging from 30% to 40%, according to VP of Coldwell Banker Mohamed Banany.

Buyers Hold to their Purchasing Power Despite Economic Challenges

Several buyers have not asked to retrieve their payments for their property during the past period, reflecting that buyers continue to demonstrate an interest in purchasing real estate despite economic challenges, according Al Mal

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