Palm Hills New Cairo Units Phase 1 Sell Out for EGP 1.01 bn

• Wednesday, 23rd November 2016
• by Karim Mohy

Palm Hills Development sold 100% of the 157 standalone units from its Palm Hills New Cairo project, developed in partnership with the New Urban Communities Authority (NUCA), for a total of EGP 1.01 bn in sales revenue.

Public Land Auction Today for Coastal Sites

• Wednesday, 23rd November 2016
• by Karim Mohy

A public lottery is set to take place today to allocate 12.5 mn square meters of land in the North Coast, Ain El Sokhna, and South Magawish..

Porto Group to Deliver Contracted Units in 2017 without Price Increases

• Wednesday, 23rd November 2016
• by Karim Mohy

Porto Group will deliver its remaining contracted units by the end of 2017 without demanding any additional costs.

Mountain View Sells Units in iCity for EGP 4 bn

• Wednesday, 23rd November 2016
• by Karim Mohy

Mountain View for Real Estate recorded EGP 4 bn in sales from the first and the second phase of its iCity development in New Cairo.

Capital Group to Develop Smart Village in Alburouj

• Wednesday, 23rd November 2016
• by Karim Mohy

Capital Group Properties (CGP) has signed a MOU with Smart Villages company to build a smart village in its new project Alburouj, at a cost of EGP 1 bn in Shorouk City, according to a company statement.

Orascom Construction 3Q16 Net Income up 6.1% y-o-y

• Tuesday, 22nd November 2016
• by Karim Mohy

Orascom Construction earned $26 mn in net income in the third quarter of 2016, according to an earnings release on Tuesday, an increase of 6.1% year-on-year.

Real Estate Sector Struggles Under Current Mortgage Law

• Tuesday, 22nd November 2016
• by Karim Mohy

As the Egyptian government attempts to tackle the country’s affordable housing shortage, a number of officials and developers have put forth solutions to existing problems, reported Daily News Egypt.

Heliopolis Housing Appoints Consultants to Create Master Plan for Helio Park

• Tuesday, 22nd November 2016
• by Karim Mohy

Heliopolis Housing & Development (HHD) appointed Associated Consultants to draw up the master plan for its new 7.14 mn square meter project Helio Park

Landlords Discuss Amending Old Rental Law with Parliament

• Tuesday, 22nd November 2016
• by Karim Mohy

Several citizens who own residential units that operate under the old rental law have launched a lobbying group to discuss their issues with the old rental law with parliament.

Palmier to Construct Resort in Matrouh

• Tuesday, 22nd November 2016
• by Karim Mohy

Palmier Real Estate Investment & Project Management will construct a resort in Matrouh governorate, measuring 10 acres with a total investment cost of EGP 140 mn, according to Mohamed Abdel Aziz, the company’s Chairman.