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MNHD Sells Plot in Taj City to Develop Apartment Hotel

Madinet Nasr Housing and Development (MNHD) announced on March 26 that it will sell a non-residential plot in Taj City, east Cairo, to Minka Real Estate Investment for EGP 184.8 mn, in a bid to develop the first hotel apartments building within the compound.

Akam Developments Plans to Launch 2nd Project in NAC

Egypt-based Akam Developments has announced plans to launch its second residential project in the New Administrative Capital (NAC), following the success it garnered from its previously released project, Scenario.

SAK Developments Targets EGP 500 mn in Sales of Sueño in 2019

SAK Developments targets EGP 500 mn in sales of its Sueño compound in the New Administrative Capital (NAC) in 2019.

Cityscape Egypt 2019 Marks Success with New Project Launches

Cityscape Egypt held its eighth edition of the country's largest networking exhibition at Egypt International Exhibition Center (EIEC), east Cairo, from March 27 to 30, with an expanded portfolio of exhibitors and a number of new project launches, reinforcing the show's role at the heart of the reinvigorated Egyptian real estate market.

Orascom Construction Net Profit Soars 84% in FY 2018

Egypt's Orascom Construction logged a sharp rise of 84% in net profits for FY 2018 to record USD 144.7 mn, compared to USD 78.5 mn a year earlier

NUCA Offers 2,108 Plots in 8 New Cities via Lottery System

The New Urban Communities Authority (NUCA) is offering 2,108 plots in eight new cities, ranging from 209 to 287 square meters, for varying income classes through a land lottery system.

El Gazzar Holds Meeting to Discuss New Mechanisms for Social Housing

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with a delegation from the World Bank (WB) and Egyptian real estate developers to discuss new mechanisms to involve the latter in the implementation of social housing projects.

Cairo Festival City Reveals Projects Updates During Cityscape Egypt

Cairo Festival City, one of Al-Futtaim Group Real Estate’s projects in Egypt, held a press conference on March 27 at Cityscape Egypt to showcase its array of projects at the real estate exhibition and reveal the latest updates on them.

New Plan Developments Unveils 3rd Project in NAC

Egypt-based New Plan Developments launched on March 27 its third project in the New Administrative Capital (NAC), ATIKA, on the sidelines of Cityscape Egypt.

Gov’t Officials Agree to Raise Mortgages by EGP 40 bn

Mortgage Finance Fund's (MFF) board of directors have signed a cooperation protocol with the finance ministry to raise the value of mortgages provided to low-income citizens by an additional EGP 40 bn, bringing the total funding to up to EGP 60 bn.

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