Higher Interest Rates to Slow Down Dubai’s Real Estate Market in 2023
Experts speculate that the market is expected to post a steady growth of up to 5% in 2023, down from 11% in 2022.
Misr Italia Properties Achieves 58% Growth in H1
Misr Italia Properties achieves contractual sales worth EGP 4.2 bn in H1 2022, with a 58% growth, compared to H1 2021, Invest-Gate reports.
Fitch Solutions Downgrades Projections for Egypt’s GDP growth
Fitch Solutions has downgraded its projections for Egypt’s real GDP growth for the second time in two months to reach 3% in 2021, down from the 3.2 % that in December 2020
Informa Markets Sees Hope in Revival of MENA Real Estate
New data released by Informa Markets, organizer of Cityscape’s Real Estate Summit, has revealed that nearly 73% expect Dubai to see the most growth in the hospitality sector over the next two years, as the UAE ope ...
Middle Eastern Funds to Increase Investments in Egypt
Middle Eastern fund managers plan to raise their investments in Egypt in the second quarter of 2020
IMF Says Egypt Among Emerging Economies Seeing Vulnerabilities
The International Monetary Fund (IMF) said that Egypt is among the major emerging and frontier market economies witnessing key vulnerabilities and a number of shocks, including growth challenges and oil price decl ...
Orascom Construction Inks USD 1.3 bn Deals in Q3
Orascom Construction (OC) has signed new contracts worth USD 1.3 bn in Q3 2019, spiking by 150% year-on-year (YoY) and 39% quarter-on-quarter (QoQ)
Dubai Likely to Finalize Over 47,000 Units in 2019
UAE-based Property Finder has expected the number of completed residential units in Dubai to exceed 47,000 during the current year, following the finalization and delivery of around 21,014 residential units in 201 ...
GCC Countries Exert Efforts to Offer Affordable Housing
GCC countries are strengthening their efforts to give more access to affordable housing for low- and middle-income households.
Egypt’s GDP Up to 5.3% in Q1 2018: Minister
Egypt’s Planning Minister Hala El-Saeed said that the country’s GDP jumped to 5.3% in Q1 2018, which began in July, compared to 5.2% in the prior-year period, amid the government's invested efforts to achieve comp ...
