real estate

While targeting sales of EGP 2.5bn in 2021 Nile Developments generated EGP1.2bn sales from North31 within two months

Sun, 30 May 2021 - 12:12 GMT

Nile Developments posted EGP1.2bn sales from its North 31 “Festival Towers", its first project in the New Administrative Capital, within two months.

MG Developments targets 3 billion pounds in contractual sales in 2021

Wed, 19 May 2021 - 12:12 GMT

MG Developments announced that it is targeting an expansion strategy during 2021 through a number of already existing projects, as well as a number of other projects that will be launched during the coming period

Finance min.: Automating real estate tax management system to facilitate access to access to e-services

Tue, 04 May 2021 - 03:03 GMT

This step is also in line with Egypt's Vision 2030 and the country's digital transformation strategy, the Finance Ministry said in a statement on Tuesday.

Antoine El Khoury Managing Director of TAMEER shares insights on the real estate investment outlook for Egypt

Mon, 26 Apr 2021 - 12:30 GMT

Antoine is the Managing Director of TAMEER, the oldest real estate developer in Egypt, with a heritage of 27,500 units delivered over the last 67 years.

Progress rate of Egypt's new 'Garden City' neighborhood revealed

Mon, 19 Apr 2021 - 01:54 GMT

Its architectural design is a mix of baroque and more modern styles of French architecture.

Tax authority sets March 31 as deadline for receiving real estate tax statement

Wed, 24 Mar 2021 - 11:37 GMT

Any house valued less than LE 2 million will be exempted from tax but its owner should present his statement before the end of this month.

Egyptian pres. instructs CBE to launch real estate financing program offering 30-year loans with 3%-interest max

Mon, 15 Mar 2021 - 10:35 GMT

The program is targeted at low and middle income citizens.

Capitalizing on its Success, Tatweer Misr Launches its Latest D-Bay Project in the North Coast

Wed, 03 Mar 2021 - 11:16 GMT

Ahmed Shalaby: Following the success of Fouka Bay, a second destination for Tatweer Misr in the North Coast was necessary to build on our unique value proposition

La Verde Developments aims to invest LE 1B in Egypt during 2021

Tue, 02 Mar 2021 - 03:48 GMT

Lashin added in a statement, that the company aims to achieve about LE 900 million in sales from its projects during the current year 2021.

Egyptian gov't reviews cases exempted from real estate disposal tax

Sun, 28 Feb 2021 - 02:48 GMT

Cases exempted from the tax on real estate transactions according to the law, are "providing the property as an in-kind share in exchange for a share in the capital of a joint-stock company, provided that the corresponding shares are not disposed of for a period of five years."

Real estate registration "optional" for those who already have all basic facilities

Thu, 25 Feb 2021 - 09:40 GMT

The head of the authority explained, in a TV interview, that the Real Estate Registration Law requires real estate registration for the delivery of those facilities, and those facilities that have already been connected will not be cut off.

TAMEER launches "THE BUSINESS LOUNGE" in New Cairo

Wed, 24 Feb 2021 - 03:06 GMT

An interview with Antoine Khoury, Managing Director of Tameer

Orascom Development records net real estate sales of LE6.2B in 2020

Tue, 23 Feb 2021 - 01:24 GMT

As for full 2020, ODE ended the year with net real estate sales of LE 6.2 billion, compared to LE 6.9 billion in 2019.

Aldar Properties to invest in Egyptian real estate market in 2021

Tue, 16 Feb 2021 - 11:07 GMT

The company was seeking to enter the Egyptian market in 2020, but the coronavirus pandemic hindered this matter, and plans to enter it were postponed until this year.

Emerald Real Estate records profits of 19.05M in 2020

Tue, 09 Feb 2021 - 02:56 GMT

The company’s revenues dipped to LE 50.62 million, compared to LE 59.32 million in 2019.

Sky Abu Dhabi plans to invest LE15B in Egyptian real estate market within 2 years

Tue, 02 Feb 2021 - 03:25 GMT

Sky Abu Dhabi aims to invest about LE 15 billion in Egypt within two years.

ESCWA, Standard Chartered Bank speculate rebound for Egypt's economic growth in 2021

Thu, 21 Jan 2021 - 02:55 GMT

Five sectors will majorly contribute in such improvement.

Deadline for real estate tax declaration submissions extended to March

Tue, 29 Dec 2020 - 01:36 GMT

Chairman of the Real Estate Tax Authority Anwar Fawzy stated that the declarations also include floors and units added to existing buildings.

Egypt set to be one of the best places for real estate investments over next decade: EBA

Tue, 10 Nov 2020 - 08:51 GMT

This sector contributes about 16 percent of the GDP, Fawzi added, noting that privately-owned Egyptian projects constitute 70 percent of the total volume of investments in this industry.

Al Ahly Sabbour CEO on Covid-19 and the Real Estate Sector

Wed, 09 Sep 2020 - 09:58 GMT

Ahmed Sabbour speaks about the company’s new approaches to deal with the impact of COVID-19 and how the latter have reflected on market dynamics.