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Cabinet greenlights bill to simplify property tenure regularization + Egypt, Croatia agreement to eliminate double taxation
Violators will have six months to file requests to regularize their land tenure status under the new bill
Palm Hills to break ground on EGP 65 bn development in mid-2024
The developer is also eyeing a EGP 5.5 bn loan to finance its Badya project
DP World to start building Sokhna port logistics zone this month
The company has so far invested USD 1.3 bn to develop the Ain Sokhna port
Madinet Masr’s earnings more than double in 9M 2023 on record sales
The real estate developer is on track for record sales by the year’s end
Elsewedy Electric bottom line doubles
The company also clocked a 66% y-o-y jump in revenues in 3Q 2023
Orascom Real Estate lands EGP 6 bn to finance O West construction
A portion of the loan will be used to refinance a EGP 1.5 bn bridge facility
Fears of devaluation drove Cairo real estate prices up in 3Q 2023 -JLL
Many are deciding to invest in real estate to hedge against a volatile EGP
Country Garden USD bond default marks milepost in China’s real estate crisis
It’s bad news for China’s property market, which accounts for 20% of GDP
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