News / Egypt

CBE Sets New Measures for Mortgage Finance Initiative

The Central Bank of Egypt (CBE) has put in place new policies and measures on the bank's mortgage finance initiative and its subsequent amendments, limiting it to financing low-income citizens only.

Aqar Masr Uncovers Nubian-Inspired Compound in NAC

Egypt-based Aqar Masr for Real Estate Development celebrated on February 24 the official launch of its first residential project in the New Administrative Capital (NAC), ANAKAJI.

Heliopolis Housing to Sell Plots to Fund Investment Plan

Heliopolis Company for Housing and Development's board of directors approved on February 27 to sell part of the company’s land portfolio to finance its investment plan.

ODE Officially Launches 1st Home Project

Orascom Development Egypt (ODE) has announced on February 27 the official launch of O West, its first home project, following the remarkable demand witnessed on the compound's soft launch last December.

ARDIC to Pump EGP 1 bn Into Zizinia El Mostakbal

ARDIC for Real Estate Development and Investments is set to inject EGP 1 bn on the first and second phases of its newest project, Zizinia El Mostakbal, in east Cairo.

New Cities’ Authorities Witness Reshuffle

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has issued a ministerial decision for the reshuffle of heads of the new cities' authorities.

Disputes Continue Over Pyramisa’s October Gardens

Egypt-based Pyramisa Hotels and Resorts said 6th of October City Authority's withdrawal of 50% of the land allocated to the company is still under judicial dispute.

Palm Hills Targets EGP 14 bn Sales in 2019

Egypt's property developer Palm Hills Developments said it targets new sales worth EGP 14 bn in 2019.

Eight Russian Firms to Operate in Russian Industrial Zone

Eight Russian companies signed on February 20 memorandum of understandings (MoUs) with Andrey Slepnev, director general of the Russian Export Center, in the attendance of Chairman of Egypt's Suez Canal Authority and General Authority for the Suez Canal Economic Zone (SCZone) Mohab Mamish, to operate in the Russian Industrial Zone, east of Port Said.

Property Banker Holds Successful Sales Exhibition in Mansoura

Property Banker has successfully held a two-day exhibition entitled "Le Salon Real Estate Boutique" in Mansoura city, featuring mega real estate developers such as Emaar Misr, Castle Development, City Edge Developments, Tatweer Misr, among others.

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