Social Housing Land Plots to be Allocated December 19

• Monday, 12th December 2016
• by Farah Montasser

Egypt’s social housing project continues with more land plots to be offered through a public lottery held from December 19 until December 27, according to a statement from Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly

983 Units Allocated in Dar Misr Project, New Damietta

• Sunday, 11th December 2016
• by Invest Gate

At a public lottery held on Thursday, 983 units part of Dar Misr middle-income housing project in New Damietta were distributed among winners, reported Al Borsa.

Housing Projects for Youth to be Developed in New Valley

• Sunday, 11th December 2016
• by Invest Gate

A total of 421,700 square meters of housing projects across three villages in New Valley governorate have been dedicated for youth at affordable prices, announced to Governor of New Valley Mahmoud Ashmawy, according to Al Borsa.

Cabinet Approves Deadline Extension for Real Estate Projects

• Sunday, 11th December 2016
• by Invest Gate

Following numerous requests from contractors to postpone projects delivery dates, the Egyptian Cabinet has agreed to extend deadlines on real estate projects, according to Head of the Egyptian Federation for Construction & Building Contractors Hassan Abdel Aziz, Al Mal reported.

Government to Raise Tariff on Water Bills Next Month

• Sunday, 11th December 2016
• by Invest Gate

The Egyptian government is expected to raise water bills fee in houses and commercial areas as of January 2017 “in an effort to decrease subsidy on drinking water,” Mohy El Seir, spokesman for the Holding Company for Water and Wastewater, told Invest-Gate.

Over 2,000 Land Plots to be Offered in 10th of Ramadan City

• Sunday, 11th December 2016
• by Farah Montasser

The New Urban Communities Authority (NUCA) will be launching 2,224 land plots in the 10th of Ramadan City for applicants who previously applied in May 2016 lottery but did not win, according to a statement from Minister of Housing, Utilities and Urban Communities Mostafa Madbouly

Social Housing Projects Progress in Several Governorates

• Wednesday, 7th December 2016
• by Farah Montasser

The Ministry of Housing, Utilities, and Urban Communities has reopened the window for applications for applicants who previously applied for social housing units but were unable to obtain them in 6th of October and New Cairo, in efforts to sell the remaining 125,000 units in the social housing program, reported Al Borsa

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