real estate

Savills to highlight sustainability challenges in real estate at upcoming COP27 conference in Egypt

Tue, 17 May 2022 - 03:41 GMT

COP 27 will build on COP 26 held in 2021 in Glasgow, UK with a deeper focus on the African continent. The conference in Egypt will ‘highlight some of the region’s main concerns on climate change including emission reduction, mitigation of the effects of climate change, and procuring climate funding to help developing countries’, specifically those in Africa which are most affected.

Egypt's CAPMAS releases figures on houses built in 1 year

Tue, 03 May 2022 - 10:54 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) released Tuesday figures on residential units built in FY2020/2021.

Progress rate of Egypt's New Alamain City construction unveiled

Tue, 19 Apr 2022 - 03:51 GMT

A public beach is being introduced in a bid to dispel the perception of the novel coastal destination as exclusive to the rich.

'Current timing mandates reaching fair price for steel, cement': Egypt's PM

Thu, 14 Apr 2022 - 10:49 GMT

Prime Minister Mostafa Madbouli met Wednesday with large cement and steel manufacturers at the Cabinet's headquarters to discuss the hike in prices.

Demand on real estate up 18% in February: Aqarmap

Tue, 29 Mar 2022 - 04:52 GMT

This raise came in coincidence with the Russian war on Ukraine, which has had an impact on global markets and the prices of energy, iron, and other commodities.

Real estate finance companies in Egypt grant their customers LE 8B during 2021

Tue, 18 Jan 2022 - 01:25 GMT

During a conference held, Monday, Omran attributed this rise to a significant recovery in the real estate market as a result of the coronavirus pandemic, in addition to the tendency of real estate development companies to deal with real estate finance companies more.

Antoine El Khoury, Managing Director of TAMEER shares insights on the real estate’s present and future

Mon, 11 Oct 2021 - 11:41 GMT

We had a conversation with Antoine, on the margin of Cityscape Conference, where he shared his thoughts about real estate and investment.

“Armonia Walk”: A Once in a Lifetime Chance for Investment with 50% Partnership and Guaranteed Rental for 3 Years

Sun, 01 Aug 2021 - 11:25 GMT

The Land Developers has got your back with its newest commercial venture – Armonia Walk in the heart of the new capital, bringing you a fully integrated commercial strip with retail units, healthcare units, and office spaces, in addition to a gym and a supermarket.

70% booking in Aqarmap Online Expo came from Egyptian expats

Tue, 13 Jul 2021 - 08:41 GMT

“We had a huge number of bookings from Expats living in Saudi Arabia, USA, France, Germany, UAE, Qatar, Kuwait, and Morocco. Clearly, our adoption rate is expanding and we are not serving the innovators and early adopters anymore,” Almsaodi added.

Egypt's Central Bank launches LE100B initiative for mortgage financing

Tue, 13 Jul 2021 - 12:33 GMT

This comes in implementation of the directives of President Abdel Fattah El-Sisi, President of the Republic, to provide the opportunity for citizens of low and middle incomes to obtain adequate housing at subsidized prices and over long-term periods of time.

Aqarmap Online Expo takes place on July 9 with participation of 15 big Real Estate Developers

Tue, 06 Jul 2021 - 05:53 GMT

The companies offer interested clients immediate discounts ranging between 5 percent and 10 percent on the unit.

Egypt's real estate transaction tax achieves LE7B annually

Tue, 29 Jun 2021 - 03:47 GMT

Maait added that the real estate tax is one of the oldest types of taxes in the legislative system, noting that it is a tax imposed when real estate is disposed of by sale, and the burden of which is borne by the seller, not the buyer.

Egyptian economic expansion to stabilize to around 4.5% between 2021, 2022: Savills Egypt

Wed, 16 Jun 2021 - 11:52 GMT

The company noted that real estate sector’s strong performance underpinned by resilient economy and strong demographics.

City Edge Developments Signs a Memorandum of Understanding with Sky Investments

Tue, 15 Jun 2021 - 05:07 GMT

City Edge Developments signed a strategic memorandum of understanding with Sky Investments that allows the company to take part in the marketing, leasing, and property management of brands in CED’s project in Sheikh Zayed.

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.

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