Category: Real Estate News

On Thursday, the 19th of December 2019, the signing of three memoranda of understanding took place with the Egyptian Prime Minister Mostafa Madbouly as a witness. The memoranda were between City Edge Developments and four multinational companies: Orascom’s Contrack Watts, Read More

Thomas Cook, One of the most established Travel Agencies worldwide, had announced its bankruptcy several months earlier. Thomas Cook’s liquidation resulted in the cancellation of 25,000 booked reservations in Egypt. Samih Sawiris aquired the travel giant through Raiffeisen Touristik (RT) Group owned Read More

Emaar Misr has signed a contract with Arabtec Construction worth 99.64 million USD to build Greek Village. Greek Village is the first of Marassi’s six phases to be developed by Emaar Misr. Work will begin immediately for a duration of 36 months. For prices Read More

Orascom Development Egypt recorded a 218.7% increase in net real estate sales to EGP 5.5 billion! That is a magnificent indicator once compared to EGP 1.74 billion in 2018. On a further note, interest costs decreased by 13.3% to reach EGP Read More

Beltone Financial, one of the leading financial services firm in the region, recommended buying into the Egyptian market. The firm believes that a strong EGP can maintain low inflation at an average of 7%, narrowing the inflationary gap and supporting a gradual Read More

  Misr Italia Properties invested around EGP 3.4bn in its projects in Egypt throughout the year 2019. Crowning its projects is La Nuova Vista in New Cairo, where the  project is fully implemented and already inhabited by residents, and where Garden 8-the community Read More

3 Billion EGP has been invested in the Carnelia project in Ain Sokhna, which covers an area of 100 acres and offers 1,000 fully finished units, complete with air conditioning and kitchens. The unit types include apartments, town houses, twin Read More

Squash fans: rejoice! Under the sponsorship of Orascom Developments, Al-Ahram Squash Open shall return -after three long years of waiting in anticipation- in Egypt from the 24th of October until the 1st of November, with two tournaments taking place: CIB Egyptian Read More

  Less than a week from its launch,  units of the first phase of Downtown New Alamein project,  have been sold out. City Edge Developments has generated EGP 700 million in sales after selling all 200 units of the first phase of Downtown Read More

SURPRISE! In celebration of its 20th Anniversary, Palm Hills Developments is gifting its community with a fantastic payment plan. Are you ready for it?….NO Down-payment! And pay equal installments for up to 10 whole years!! Their gift in detail specifies the Read More