Egypt’s Economy Remain Steady in Emerging Markets: Goldman Sachs

A recent Goldman Sachs report reveals around half of the foreign investments that exited the Egyptian market amid the onset of the COVID-19 crisis has returned, with further inflows projected.

Egyptian Real Estate Firms’ Profit Hit by Corona

Egypt’s five biggest listed real estate firms reported a combined profit fall of nearly 31% in the second quarter of 2020 as property sales slowed during the coronavirus crisis

Cityscape Egypt to Return Next November

Informa's Cityscape real estate exhibition will take place from November 4-7 at the Egyptian International Exhibition Center (EIEC) in New Cairo, after being postponed back in March due to COVID-19 outbreak.

ODH’s El Gouna Sees 27.4% Hike in Q2 2020 Sales

Demand for Orascom Development Holding'S (ODH) El Gouna remained strong in Q2 2020, marking a 27.4% rise in total sold and reserved units versus the year-ago period, with total sales and presales hitting EGP 924.5 ...

SODIC Sees 25% Rise in Home Sales Albeit Fewer Releases

Sixth of October Development and Investment Company (SODIC) logged a 25% uptick in residential contractual sales in Q1 2020, registering EGP 842 mn versus EGP 672 mn in the year-ago period, driven mainly by its we ...

Sales of Offices & Commercial Spaces to Drop Due to Crisis: Ezz El-Din

Al Futtaim Group Real Estate Managing Director Ashraf Ezz El-Din said sales of administrative/commercial spaces will drop in the coming period, due to an upward trend for leasing to have the flexibility of changin ...

Breaking News: El Gazzar Goes Into Quarantine After Exposure to Coronavirus

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar began a 14-day self-isolation on June 11 for having been in contact with a Coronavirus carrier.

Mountain View Joins ‘Khaleena Sanad’ Initiative

Egypt's real estate developer Mountain View joins the “Khaleena Sanad” (Let's Get Together) Initiative, launched by the Ministry of Immigration and Egyptian Expatriates Affairs, aiming to support and help repatria ...

Misr Italia Kicks off EGP 1 mn Coronavirus Response Initiative

Misr Italia Properties (MIP), in collaboration with different civil society organizations, kicked off the "A Message of Hope" initiative in the wake of the novel Coronavirus crisis, aiming to support and advocate ...

Egyptian Hotels Almost Fill Up at Reduced Occupancy

After reopening at a quarter of regular capacity in a bid to contain the spread of COVID-19, Egyptian hotels are almost fully booked for domestic tourism, coinciding with the peak season of Eid Al Fitr holiday.

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