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

• Wednesday, 18th January 2017
• by Yasmin El-Beih

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

• Tuesday, 17th January 2017
• by Yasmin El-Beih

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

• Sunday, 15th January 2017
• by Yasmin El-Beih

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

• Thursday, 12th January 2017
• by Yasmin El-Beih

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

• Wednesday, 11th January 2017
• by Invest Gate

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

• Tuesday, 10th January 2017
• by Farah Montasser

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

Nasr Contracting to Construct 2 Residential Projects in Alexandria and Giza

• Thursday, 5th January 2017
• by Invest Gate

Nasr General Contracting Company (NGCC) will be launching two residential projects in Alexandria and Giza in 2017 in efforts to expand their investments in the real estate sector.

NUCA Prices 36 Acres of Lands in Beni Suef for German-Egyptian Consortium

• Wednesday, 4th January 2017
• by Invest Gate

The New Urban Communities Authority (NUCA) is close to finalizing the pricing for 36 acres of land in New Beni Suef City that were sold to Al Arabia for Investment Industry and Abu Shedid for Trade- Frankfurt Germany in foreign currency.

MNHD Contracts Increased to EGP 3.8 bn in 2016

• Wednesday, 4th January 2017
• by Invest Gate

The value of Madinet Nasr for Housing & Development’s (MNHD) contracts has increased to record EGP 3.8 bn, compared to the 2015 contracts which recorded EGP 876 mn.

Amid Devaluation, Real Estate Companies Re-Evaluate Sales Strategies

• Wednesday, 4th January 2017
• by Invest Gate

A number of real estate companies are reconsidering the pricing for their projects that will be executed this year due to the recent devaluation of the local currency.