NBE Funded Purchase of 12,500 Units for Low-income Citizens

• Monday, 19th September 2016
• by Fatma Khaled

The National Bank of Egypt (NBE) has financed the purchase of 12,500 housing units for low-income citizens at a cost of over EGP 1 million, according to NBE Chairman Hisham Okasha.

CAPMAS: 1.2 M Residential Units Completed in 5 Years

• Monday, 19th September 2016
• by Fatma Khaled

The Central Agency for Public Mobilization and statistics (CAPMAS) issued a report on Egyptian real estate revealing that 1.2 million residential units have been completed in total in five years in both public and private housing projects.

New Administrative Capital to Offer Lands, Finalize Agreements with Developers

• Sunday, 18th September 2016
• by Fatma Khaled

The company handling the New Administrative Capital project is set to decide on offering the first phase of investment land plots, with total areas ranging between 3,000 to 3,500 acres.

Construction Begins on First Phase of ‘Water Valley’ Project in North Coast

• Sunday, 18th September 2016
• by Fatma Khaled

Amlak for Real Estate has begun construction on the first phase of the Water Valley Resort located in the North Coast.

ALDAU Development to Launch 2 Real Estate Projects

• Sunday, 18th September 2016
• by Invest Gate

ALDAU Development, a subsidiary of Sami Saad Holding, is developing ALDAU Heights and ALDAU Strand, two real estate projects in Hurghada.

Egypt to Develop Slums in Red Sea Cities

• Sunday, 18th September 2016
• by Fatma Khaled

Slums located in Red Sea cities are expected to be developed by the Egyptian government at a cost of EGP 330 million, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly.

Ministry of Housing Completes Construction of Facilities for 8,734 Units

• Sunday, 18th September 2016
• by Fatma Khaled

The Ministry of Housing, Utilities, and Urban Communities has announced the completion of construction of units and facilities in 12 governorates across the country.

Ministry of Housing Studies Establishing Middle-Income Compounds

• Sunday, 18th September 2016
• by Joana Saba

The Ministry of Housing, Utilities, and Urban Communities is studying a plan to establish compounds geared towards middle-income earners, an informed source said, Invest Gate reported.

5,706 Units for Rent in Social Housing Project

• Saturday, 17th September 2016
• by Fatma Khaled

A total of 5706 units will be posted for rent as part of a social housing project that will be distributed among 10 governorates to citizens who have less than EGP 1500 worth of income next October.

Il Monte Galala Awarded Best Project at Cityscape Global 2016

• Thursday, 8th September 2016
• by Fatma Khaled

Egyptian II Monte Galala, a project developed by Tatweer Misr won the Residential-Low Rise Project Award at Cityscape Awards Ceremony for Emerging Markets event for 2016