EFSA: Property, Land Leasing Represents 73% of Leasing Contracts

• Wednesday, 3rd August 2016
• by Heba Eid

Property and land leasing represent 73% of leasing contracts, with costs of EGP 8 billion, said Sherif Samy, Head of the Egyptian Financial Supervisory Authority.

NUCA Invites Developers for PPP Auction

• Wednesday, 3rd August 2016
• by Heba Eid

The New Urban Communities Authority is preparing to invite a number of real estate developers to compete in a new phase of public-private partnership (PPP) projects.

Delivery of New Cairo Middle Income Housing Delayed

• Wednesday, 3rd August 2016
• by Heba Eid

The Ministry of Housing announced that it will not be able to deliver the first phase of the middle-income social housing project in New Cairo within the scheduled time frame, which was set for June 2016.

Cabinet Approves CGP’s Al Burouj Project

• Wednesday, 3rd August 2016
• by Heba Eid

Capital Group Properties (CGP) for real estate development received the cabinet approval of the Al Buruj project and offering the units for the public.

KPM Invests EGP 350M in Sharm El Sheikh

• Tuesday, 2nd August 2016
• by Heba Eid

Kuwait Projects Managment (KPM), Kuwait-based real estate marketing company, will purchase a tourist residential project in Sharm El-Sheikh, announced Dani Khalil, KPM's vice chief executive.

HELI Reaps 95.6% Increase in Profits

• Tuesday, 2nd August 2016
• by Heba Eid

Heliopolis Company for Housing and Development announced a 95.6% increase in net profits for the current fiscal year, compared to last year.

Wadi Degla to Record EGP 6B in Sales for 2016

• Tuesday, 2nd August 2016
• by Heba Eid

Egypt-based real estate developer Wadi Degla Developments expects its sales revenues record EGP 6 billion during the current year, marking a 50% increase compared to last year, said Amr Al Kady, deputy CEO of Wadi Degla.

Mortgage Firms Grant EGP 540M in 2016

• Tuesday, 2nd August 2016
• by Heba Eid

Egyptian mortgage firms granted EGP 540 million during the first half of 2016, compared to EGP 542 million in the same half of the previous year.

Egyptians Rank Second Among Non-GCC Arab Investors in Dubai Real Estate

• Monday, 1st August 2016
• by Joana Saba

Investors from Egypt constitute the second largest number of non-GCC Arab investors in the Dubai real estate market, according to the Dubai Land Department.

Azmeel Group Invests EGP 250 M in 12 New Projects

• Monday, 1st August 2016
• by Joana Saba

Azmeel Group Real Estate announced the launch of 12 new real estate projects with total investments of EGP 12 billon at the Al-Ahram Real Estate exhibition.