Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has approved the extension of full payment of residential and non-residential arrears to March 15, with fines exemption.

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has unveiled plans to deliver several housing units in Capital Residence, located in the New Administrative Capital's (NAC) R3 District, from January 3 to July 5.

Vice President of New Urban Communities Authority (NUCA) Abdulmutallab Mamdouh has inspected work on phase II of New Cairo's Dar Misr middle-income housing project, affirming that 1,625 apartments (69 residential buildings) are set for delivery starting from January 2021.

Sixth of October Development and Investment Company (SODIC) has signed a partnership agreement with Arab African International Bank (AAIB) to provide customers with e-payment solutions through the developer's official website.

Egypt-based real estate developer Misr Italia Properties (MIP) has managed to record contractual sales of EGP 2 bn in 2020, paired with the delivery of mixed-use units at five different property projects nationwide, despite the Coronavirus-induced slump.

Al Marasem International for Development has commenced deliveries at the first phase of its New Cairo project, or "Fifth Square," featuring a total of 576 fully-finished residential units (42 buildings).

AlKarma Developments has rolled out its newest property project in west Cairo's Sheikh Zayed, called "AlKarma Gates," with investments totaled at EGP 1.8 bn, intending for completion by 2024.

Sixth of October Development and Investment Company (SODIC) sold out the first batch of residential units at its newest 240-acre west Cairo project in New Zayed, dubbed "Karmell," on the first day of launch on December 16.

The latest data by Property Finder Group shows Dubai's resale home deals have hit the highest record in almost seven years, with 2,179 transactions sealed in just one month.

Al Arabia Company for Real Estate Development has announced the completion of 50% of work on all of its real estate projects in New Cairo, coinciding with the celebration of its 17th anniversary as the Egypt-based developer offers potential clients with payment schemes of up to 72 years.