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Latest in Real Estate


HHD offers 44 plots of land at Airport Sheraton by public auction in May

The Heliopolis Company for Housing and Development (HHD), one of subsidiaries of the Holding Company for Construction and Development affiliated to the ministry of public enterprise sector, intends to sell 44 plots of land on the main streets of the Sheraton area, in east Cairo. The HHD’s Managing Director, Sahar Al Damati, said in press …

Shaimaa Al-Aees

Namaa launches Capital One project in NAC

Namaa Development and Real Estate Investment has announced the launch of its latest project in the New Administrative Capital (NAC) called Capital One, to become the largest private sector management complex in the central business district (CDB) in the NAC. During the celebration of the 20th anniversary of its presence in Egyptian market as a …

Shaimaa Al-Aees

Sabbour Consulting, Hometown contract to design Zaha Park New Capital

Sabbour Consulting and Hometown Real Estate Development contracted to design and supervise the implementation of Zaha Park New Capital, a commercial administrative project, in the New Administrative Capital (NAC). Founder of Sabbour Consulting, Hussein Sabbour said, “According to the contract, our office will provide all engineering consultations for the design works, and supervise the implementation …

Shaimaa Al-Aees

MNHD reports EGP 1.72bn in pre-sales for Q1 2019, launches office park

Madinet Nasr Housing and Development (MNHD), a leading Egyptian urban developer, announced on Sunday that its pre-sales (contracted sales plus reservations) for the the first quarter (Q1) of 2019 reached EGP 1.72bn, up 9% year-over-year. According to the company’s press statement, pre-sales were mainly driven by the demand of the residential units as well as …

Daily News Egypt

Housing Ministry to establish over 1.1m residential units in 5 years

Establishing new urban communities became one of the engines of economic growth in Egypt and building sustainably is a priority in the country’s 2030 Vision, Khaled Abbas, deputy minister of housing, said. The ministry of housing plans to establish more than 1.1m residential units during the coming five years and we will be waiting for …

Daily News Egypt

Marakez acquires land in Mansoura to establish EGP 1.4bn commercial mall

Marakez for Real Estate Investment has acquired from the Internal Trade Development Authority (ITDA) a 47-feddan land plot in Mansoura city, Daqahleya, to develop a commercial mall with EGP 1.4bn in investments. The mall that will serve as a retail and entertainment centre for the Delta area, including the 7 million population of Daqahleya. “Marakez’s …

Daily News Egypt

MG Developments begins implementation of HQ project in New Cairo

MG Developments has begun the construction of the Headquarters (HQ) business project placed in the first sector on 90th street in the Fifth Settlement, New Cairo, on 11,000 sqm. The company launched the HQ project last November, and it comprises of commercial and administrative units, with total investments worth EGP 1bn. Chairperson of MG Developments, …

Shaimaa Al-Aees

CFC exhibits Oriana IV, Aura, Podium in Cityscape Egypt

Cairo Festival City (CFC), one of Al-Futtaim Group’s real estate projects, exhibited Oriana IV, an extension of Oriana villas, during the Cityscape exhibition. The Oriana IV offers townhouses and twin-houses, according to the Managing Director of Al-Futtaim Real Estate Co, Ashraf Ezz El-Din. Cityscape exhibition is being held at Egypt’s International Exhibition Center in New …

Shaimaa Al-Aees

City Edge launches Baroque project in NAC during Cityscape Exhibition

City Edge Developments (CED) launched its new project Baroque to be established in the R5 area at the New Administrative Capital (NAC). The Baroque project is designed to revive the Khedivial Downtown Cairo with its architecture, gardens, roundabouts, and streets. Baroque’s architecture is characterised by the domes, massive use of decoration and ornaments, attention to …

Shaimaa Al-Aees

Sodic to invest EGP 3.7bn in constructions in 2019

The Six of October Development & Investment (SODIC) plans to direct EGP 3.7bn in projects’ constructions in 2019, according to its Managing Director and board member, Maged Sherif. Sherif told Daily News Egypt that the company is pumping EGP 1.45bn for paying lands’ cost in 2019. Additionally, Sherif noted that the company has invested EGP …

Shaimaa Al-Aees