real estate

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.

President Sisi warns of illegal constructions, 100-year impact of delay in developmental projects

Sat, 29 Aug 2020 - 12:29 GMT

"Officials who aren’t able to impose order by dealing with construction violations have to resign," President Sisi.

Egyptian tycoon El Gammal dies after long sickness

Mon, 06 Apr 2020 - 09:44 GMT

The Egyptian businessman and former diplomat Mansour El Gammal died Monday after a long sickness.

Emerald records profits of LE 26.15M during 2019

Sun, 23 Feb 2020 - 01:38 GMT

According to a filing to the Egyptian Exchange (EGX), the revenues rose to LE 59.32 million, compared to LE 56 million in the previous year.

Cairo real estate market performs positively in Q3: JLL

Thu, 07 Nov 2019 - 04:21 GMT

"With limited new supply and increased visitor arrivals, the Cairo hotel market is expected to perform strongly over the next 12 months," JLL anticipated.

New cities’ facilities may be offered to investors in B.O.T.

Wed, 02 Oct 2019 - 08:00 GMT

The reason is the large size of utilities needed.

Updates on New Alamein City amid PM visit

Sat, 24 Aug 2019 - 03:01 GMT

Prime Minister Mostafa Madbouly held on Saturday a meeting with the officials of construction companies working in New Alamein City and Minister of Housing.

Plan to settle export incentives debts disclosed

Mon, 05 Aug 2019 - 03:10 GMT

The estimated value of government debts that should be settled with exporters is LE 2 billion.