New Alamein City to See EGP 3B Investment

• Sunday, 10th July 2016
• by Heba Eid

A recent report by the Ministry of Planning revealed development costs for New El Alamein city for the 2016/2017 fiscal year is estimated to be EGP 3 billion.

Al Ahly to Deliver 1,286 Units in Amwaj

• Tuesday, 5th July 2016
• by Heba Eid

Al Ahly for Real Estate Development intends to hand 1,286 residential units as part of the Amwaj project in 2017, said its Chairman, Hussein Sabbour.

Madar to Invest EGP 4.5 B in Real Estate Market in 2017

• Tuesday, 5th July 2016
• by Heba Eid

Madar Holding Company for Real Estate Development is set to invest EGP 4.5 billion in the real estate market in 2017 and launch new projects, revealed Gasser Bahgat, the company’s Board of Directors Chairman and Managing Director.

Minister of Housing Urges Social Housing Rentals

• Monday, 4th July 2016
• by Heba Eid

Mostafa Madbouly, Minister of Housing, Utilities and Urban Communities, commissioned officials of the social housing project to quickly setup rental system for residential units especially for governorates that need it the most.

Amer Group to Pay EGP 73M in Violations

• Monday, 4th July 2016
• by Heba Eid

Amer Group is requested to pay EGP 73 million in fines by Touristic Villages Organization for utilizing pier of Marina El Alamein Center in addition to the other installments of Porto Marina land in North Coast.

Real Estate Prices in Heliopolis Rise by Almost 30% in H1 2016

• Monday, 4th July 2016
• by Heba Eid

Real estate prices in Heliopolis rose by 20-30% by the end of the first half (H1) of 2016 compared to the same period, last year.

Housing Ministry to Offer Plots to Real Estate Investment

• Monday, 4th July 2016
• by Invest Gate

Ministry of Housing, Utilities, and Urban Communities is currently working on scanning and preparing a list of all land in Egypt that can be offered for real estate investment purposes, Assistant Minister of Housing for Technical Affairs, Khaled Abbas told Invest Gate in an exclusive statement.

Egyptian Mortgage Sector Sees 12% Growth

• Sunday, 3rd July 2016
• by Heba Eid

The Egyptian mortgage sector rose by 12% in the first 5 months of 2016, said Sherif Samy, Chairman of the Egyptian Supervisory Authority.

Tahrir’s Mogamma Evacuation Begins

• Sunday, 3rd July 2016
• by Heba Eid

The evacuation of Tahrir Mogamma (Tahrir Complex), the infamous administrative building in Tahrir Square, has commenced, announced Galal Said, Cairo Governor.

Administrative Capital Sets Land Prices

• Sunday, 3rd July 2016
• by Heba Eid

Administrative Capital Company for Urban Development, in collaboration with New Urban Communities Authority (NUCA), identified investment land prices for the New Administrative Capital.