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

NUCA Prices New Cairo Land Plot for EGP 5,500 Per Meter

• Tuesday, 6th December 2016
• by Farah Montasser

The New Urban Communities Authorities (NUCA) has priced a-155-acre-land plot in New Cairo for EGP 5,500 per meter square, according to unnamed sources in NUCA, Al Borsa reported

Public Lottery for Dar Misr Units to Begin Thursday

• Tuesday, 6th December 2016
• by Farah Montasser

The public lottery for units in the Dar Misr middle-income housing project is set to start on December 8 and continue to December 18, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly, Al Mal reported

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

Egypro Bids Over Land in Assiut

• Monday, 5th December 2016
• by Farah Montasser

As part of the New Assiut City development plan, an Egyptian company, Egypt Trading and Engineering Projects (Egypro), has joined eight other counterparts in bidding over 13,000 square meters lands for commercial use in the governorate of Assiut at a cost of EGP 35.5 mn, reported Al Borsa.

Land Plots in New Qena to be Delivered Starting January

• Monday, 5th December 2016
• by Farah Montasser

Land plots that are part of the seventh phase of a social housing project in New Qena City will be delivered to winners of the public lottery from January 1 go February 19, 2017, according to Head of the City’s Authority Radwan Abdel Rashid, reported Al Mal

Administrative Capital Units to Go on Sale in Q1 2017

• Monday, 5th December 2016
• by Joana Saba

Administrative Capital for Urban Development is currently pricing the units in preparation to market them for sale in the first quarter of 2017, sources at the Ministry of Housing, Utilities, and Urban Communities said.

AqarMap Reports 1.5% Decline in Real Estate Demand

• Monday, 5th December 2016
• by Joana Saba

Real estate demand has declined by 1.5% during November 2016, according to a report released by AqarMap, a real estate statistical website.