Ardic Sells 600 Units in Zizinia New Cairo

• Wednesday, 7th December 2016
• by Farah Montasser

Ardic for Real Estate Development has sold a total of 600 out of 1,800 units in its Zizinia project in New Cairo, and is studying increasing the EGP 8,000 price per meter square as a result of the recent economic decisions, reported Al Borsa

Coldwell Banker to Promote Projects Worth EGP 7 bn in 2017

• Wednesday, 7th December 2016
• by Farah Montasser

Coldwell Banker expects to promote projects worth EGP 7 bn during 2017, compared to EGP 5.5 bn during 2016, reported Al Borsa

Real Estate Appraisal Association Demands Increase in Assessment Fees

• Wednesday, 7th December 2016
• by Farah Montasser

The Real Estate Appraisal Association has requested that banks increase real estate assessment fees by 100% following the flotation of the Egyptian pound, reported Al Mal

Integrated Group To Develop Villa 55 Resort in Sharm El Sheikh

• Wednesday, 7th December 2016
• by Farah Montasser

The Integrated Group for Real Estate Development (IGRED) has launched its latest 100,000- square-meter resort, named Villa 55, in Nabq Bay, Sharm El Sheikh at a total cost of EGP 420 mn, reported Al Mal

Mortgage Companies Provide EGP 783 mn by October 2016

• Tuesday, 6th December 2016
• by Farah Montasser

Total real estate funding activity amounted to EGP 783 mn in the first 10 months of 2016, compared to last year’s EGP 732 mn, marking a 7% increase, according to Sherif Samy, head of the Egyptian Financial Supervisory Authority (EFSA), reported Arab Finance

Sheikh Zayed City Demands EGP 100 mn for Projects Development

• Tuesday, 6th December 2016
• by Farah Montasser

Sheikh Zayed City Authority has requested of Planning, Monitoring and Administrative Reform an additional budget worth of EGP 100 mn as part of the city’s current budget that is allocated for Dar Misr project , an electricity station, and a central park, reported Al Borsa

Capital Group to Invest $250 mn by Q1 2017

• Tuesday, 6th December 2016
• by Farah Montasser

Capital Group Properties (CGP) will be increasing its investments to a total of $ 250 mn by the first quarter of 2017, according to the company’s CEO Amgad Hassanein, reported Al Borsa

Inertia to Develop 2 Residential Projects in Egypt

• Sunday, 4th December 2016
• by Farah Montasser

Inertia Egypt Holding is set to embark on its first phase of a 120-acres- residential project on Cairo Alex Desert Road, at a total cost of EGP 1.7 bn, as of next month January 2017, according to Inertia CEO Ahmed El Adawy, Al Mal reported.

CAPMAS: EGP 39.8 bn Invested in Real Estate Across Egypt in 2015

• Sunday, 4th December 2016
• by Joana Saba

The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that real estate investments in Egypt have increased to from EGP 31.1 bn to EGP 39.8 bn from 2014 to 2015, marking a 27.1% increase, Daily News Egypt reports.

Housing Ministry Demands More Clout in New Investment Law -Sources

• Thursday, 24th November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities is seeking to expand its authority in offering lands through the General Authority for Investment and Free Zones (GAFI), as well as a greater role for the New Urban Communities Authority (NUCA) in the upcoming investment law currently being drafted, according to unnamed government sources.