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Gov’t, Developers Participation in MIPIM Marks Big Gain

The Egyptian government's participation in MIPIM 2019, the largest real estate exhibition in the world, along with major private developers, marks a big gain and major step forward.

Savills Signs JV to Expand Presence in Egypt

UK-based property advisor Savills has signed a prominent joint venture (JV) agreement with Egypt-based Sphere Property Management, in a bid to strengthen the company’s presence in Egypt.

ACUD Completes 90% of Water Infrastructure in NAC Phase I

The Administrative Capital for Urban Development (ACUD) has managed to develop 90% of water infrastructure in the first phase of the New Administrative Capital (NAC).

Al Ahly Sabbour Targets EGP 6 bn Sales in 2019: CEO

Egypt's developer Al Ahly Sabbour Developments targets EGP 6 bn in sales of its projects in the current year, compared to EGP 5.5bn in 2018.

Egypt’s Urban Inflation Rises to 14.4% in February

The Central Agency for Public Mobilization and Statistics (CAPMAS) has reported that the annual headline inflation rate reached 14.4% in February 2019, compared to 12.7% in the prior month.

Mountain View Eyes EGP 1.5 bn Sales of Ready Units in 2019

Mountain View plans to launch real estate units, including villas and apartments, in ten out of its 13 projects across Egypt, with targeted sales of EGP 1.5 bn during the current year.

Now is Right Time for Real Estate Investment in Egypt: Savills

International property advisor Savills has emphasized that now is the right time for real estate investment in Egypt, pointing out that the Egyptian economy is booming and progressing and investments in the country's property sector are growing at a fast pace.

IWAN to Soon Uncover New Project in Red Sea

Egypt-based IWAN Developments is preparing to launch a new integrated urban project in the Red Sea region soon.

ERA Developments Invests EGP 700 mn in Astoria Park Compound

Egypt's property developer ERA Developments has allocated a total of EGP 700 mn worth of investments to its 6th of October City project, Astoria Park.

Deputy Minister Talks to Foreign Media on MIPIM Sidelines

Khaled Abbas, deputy minister of housing for national projects, said real estate investment in Egypt is one of the promising sectors, while referring to the new cities being implemented by the state, including the New Administrative Capital (NAC), New Alamein, New Mansoura, El Galala City, amongst others.

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