New Administrative Capital Seeks Presidential Approval on Land Pricing

• Thursday, 3rd November 2016
• by Karim Mohy

Land prices in the first phase of the Administrative Capital have been determined by the Administrative Capital Development Company and will be announced to the presidency for approval, to be offered next month.

Sodic Predicts Delivery of 900 Units, 15% Price Increase Next Year

• Thursday, 3rd November 2016
• by Karim Mohy

Sodic projects that it will deliver 900 residential units by the end of the year, and that property prices will increase by 15%, but that this will not impact stable demand on real estate in the market.

5,340 Social Housing Units Completed in New Beni Suef

• Wednesday, 2nd November 2016
• by Karim Mohy

A total of 5,340 social housing units were completed in New Beni Suef City, at a cost of EGP 570 mn, according to Nour El Din Ismail, Head of the New Beni Suef Authority.

Sodic Appoints US-based Sasaki for East Cairo Project Master Plan

• Wednesday, 2nd November 2016
• by Karim Mohy

Sodic has assigned US-based design firm Sasaki to develop the master plan for its new project in east Cairo, set to be built on 655 acres.

Amaer to Increase Prices of Nasr City Properties

• Wednesday, 2nd November 2016
• by Karim Mohy

Amaer for Real Estate increased the prices of units in one of its Nasr City projects by 10% in the past two months, according to Hany Mokhtar the company’s Chairman, reported Al Mal.

State to Offer Land at 35% Discount

• Wednesday, 2nd November 2016
• by Karim Mohy

The Supreme Council for Investment has agreed to provide a 35% discount on land prices for a period of two months until the end of the year.

El Batal Group to Launch Residential Project in New Cairo

• Wednesday, 2nd November 2016
• by Karim Mohy

A new residential project worth EGP 300 mn will be implemented in New Cairo by El Batal Group for Housing and Development, according to Emad Doss, the company’s Chairman.

Amer Group Acquires License to Build 23,000 Units in North Coast

• Tuesday, 1st November 2016
• by Karim Mohy

Egyptian developer Amer Group has received licenses to build an additional of 23,000 units in the North Coast.

Housing Minister Meets with World Bank Delegation

• Tuesday, 1st November 2016
• by Karim Mohy

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly met with an evaluation delegation from the World Bank to discuss projects that are set to be undertaken in the drinking water and sewage sectors.

Real Estate Leasing Contracts Record EGP 10.4 bn

• Tuesday, 1st November 2016
• by Karim Mohy

Real estate leasing contracts have recorded EGP 10.4 bn from January to August 2016, according to Sherif Samy Chairman of Egyptian Financial Supervisory Authority (EFSA).