real estate
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.
The Central Agency for Public Mobilization and Statistics (CAPMAS) released Tuesday figures on residential units built in FY2020/2021.
A public beach is being introduced in a bid to dispel the perception of the novel coastal destination as exclusive to the rich.
Prime Minister Mostafa Madbouli met Wednesday with large cement and steel manufacturers at the Cabinet's headquarters to discuss the hike in prices.
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.
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.
We had a conversation with Antoine, on the margin of Cityscape Conference, where he shared his thoughts about real estate and investment.
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.
“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.
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.
The companies offer interested clients immediate discounts ranging between 5 percent and 10 percent on the unit.
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.
The company noted that real estate sector’s strong performance underpinned by resilient economy and strong demographics.
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.
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 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
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 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.
Its architectural design is a mix of baroque and more modern styles of French architecture.
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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