Developers Postpone Sales to Re-price Products

• Monday, 14th November 2016
• by Karim Mohy

Several real estate companies have suspended sales of residential units to reprice amid increases in interest rates nationwide.

Housing Ministry to Establish Social Housing Units in New Cairo

• Monday, 14th November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities will establish between 8,000 and 10,000 social housing units with floorplans of approximately 90 square meters as a first phase of a social housing scheme loc ...

1,100 Residential Units to be Constructed in Gulf of Suez

• Thursday, 10th November 2016
• by Karim Mohy

The New Urban Communities Authority (NUCA) allocated 1,100 residential units to be constructed by International Construction for Contracting and El Shark Real Estate, as part of the second phase of the social housing ...

Developers fear Government Competition in Real Estate Market -Sources

• Wednesday, 9th November 2016
• by Karim Mohy

Small and medium-sized real estate companies are reportedly growing concerned following the Housing Ministry’s offering of units at an unsubsidized cost of EGP 198,000, which will result in taking away a huge number ...

Qatari Diar Pursuing International Arbitration over New Cairo Project -Source

• Monday, 31st October 2016
• by Karim Mohy

Qatari Diar is taking steps to proceed with international arbitration against Egypt over its vacant land plot in New Cairo meant to house its long-stalled residential project, with the Investment Ministry reportedly ...

NUCA Demands Verification of Land Ownership in New Sohag City

• Monday, 31st October 2016
• by Karim Mohy

Citizens who own lands located at the “Basin 26” area of New Sohag City have been requested to submit their ownership documents to city’s authority to review their legal right to ownership within two weeks, according ...

14,000 Applied to Obour City Authority to Validate Land Ownership

• Sunday, 14th August 2016
• by Heba Eid

About 14,000 people have applied to the Obour City Authority to have their land ownership validated following the presidential decree for the establishment of New Obour City.

Ministry of Housing Finalizing Contract Terms with Chinese CSCEC

• Wednesday, 10th August 2016
• by Heba Eid

The Ministry of Housing, Utilities, and Urban Development has agreed with the China State Construction Engineering Corporation on the final terms of the contract for the Government District in the New Administrative ...

Housing Ministry Establishes Authority for New Obour City

• Tuesday, 9th August 2016
• by Heba Eid

Mostafa Madbouly, the Minister of Housing, Utilities and Urban Development, issued a ministerial decree to establish the New Obour City Development Authority.

New Obour City Update 4: 10 Orders to Remove Building Violations Implemented

• Sunday, 7th August 2016
• by Heba Eid

The Obour City Authority (OCA) executed 10 direct orders of the removal of construction irregularities and occupancy in different neighbourhoods.