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Land tenders for New Capital’s phase one to be issued within three weeks
The government will begin issuing tenders for land in phase one of the new administrative capital within the next three…
Real estate
Porto, Amer to build EGP 340 mn Santorini compound
Sister companies Amer Group and Porto Group signed a EGP 340 mn agreement to build 500 homes for the Santorini…
Developers are asking consultants to reexamine cost studies
A number of real estate developers have asked consultancy offices to revisit cost studies to reflect the increasing cost of…
Al Hefda Egypt Kuwait investing EGP 1 bn this year
Real estate developer Al Hefda Egypt Kuwait is investing EGP 1 bn into projects this year, Chairman Al Hussein Mohamed…
Egyptians are among UAE’s top Arab investors in real estate
Egyptians spent about USD 650 mn on property in Dubai last year, topping the list of regional expat investors in…
SODIC denies delaying submitting plan to develop project with Heliopolis Housing to September, launch on track
SODIC says it only delayed submitting the general plan for developing 655 feddans with Heliopolis Housing by 10 weeks to…
Palm Hills buys 190 feddan plot in Sixth of October
Palm Hills Developments bought a 190 feddan plot in Sixth of October for EGP 2,440 per sqm, according to a…
MNHD reports record contracted sales in 2016
Madinet Nasr for Housing & Development (MNHD) issued guidance (pdf) noting that its contracted sales for 2016 stood at EGP…
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