Real Estate market updates Egypt

Mr. Mohamed Banany, Vice President at Coldwell Banker New Homes, stated that the company will be marketing 70 various real estate projects for 26 top notch developers in Egypt during "Cityscape Next Move." Mr. Banany added that the company will focus on marketing semi-finished and finished private residential units located in New Cairo, 6th of October, North Coast, Sokhna and Red Sea.
Mr. Ban

FORT LEE - Realtor Michele Kolsky-Assatly has closed more than $1 billion in sales, according to Hal Maxwell, president of Coldwell Banker Residential Brokerage in New Jersey and Rockland County, NY. Since joining the company 18 years ago, Kolsky-Assatly has closed more than 1,200 sales totaling more than $1.1 billion in sales to date. This pinnacle achievement equates to Kolsky-Assatly closing o

Qatari Diar Real Estate Investment Co., the real-estate arm of the Persian Gulf country’s sovereign-wealth fund, signed a $543.8 million contract with Consolidated Contractors Co. to develop two projects in Egypt, according to an e-mailed statement from the Doha-based company.

The Exhibition of Cityscape Egypt in association with Next Move is postponed until Feb. 20th to 23rd 2012 in order to avoid the elections period which will take place at the same time in Egypt.

Egypt's SODIC, the country's third-biggest listed real estate firm, registered almost 570 million Egyptian pounds (US$ 96 milion) worth of sales to the end of September.
SODIC reported nine-month sales last year of 1.6 billion pounds. It was not clear if the latest figure for 2011 was net of cancellations and therefore directly comparable.
SODIC reported nine-month sales last year of 1.6

يمكنك الاختيار بين اكبر مجموعه عقاريه من الوحدات السكنيه و التجاريه في السوق المصري و اكبر عدد من المشاريع الجديده في القاهره و الساحل الشمالي و البحر الاحمر ,بالاضافه الي فرص متعدده بين الدفع النقدي او علي اقساط و الاستلام الفوري او بعد عده اشهر. كل ذلك في جناحي الشركه في الساحل الشمالي بمنطقه البلات فورم و مارينا 5 بجوار فيش ماركت في الفتره من 1/7/2011 الي 15/9/2011.

The booths were participated by the Coldwell Banker - New Homes in Al Jazira Sports and Shooting Club remarkable success, and was the focus of attention all of the pioneers of the club as was the presence of severe turnout by those interested in Egyptian real estate market and buying real estate in New Communities.

The Egyptian real estate market has become the focus of interest on the part of several multinational companies, some of which are now in the process of conducting feasibility studies on the promising sector.
According to experts, the real estate market in Egypt is more stable than that in the Gulf. This is especially the case with Dubai, where the market is currently experiencing a major rec

Orascom Construction Industries, the biggest publicly traded builder, said it expects “strong demand” for infrastructure projects in the Middle East, especially after electricity blackouts in the region this month, Bloomberg reported “We think there will be another round of power works, a major round of water projects and there will be a major round of road works,” Nassef Sawiris, chairman and ch

Source: "Coldwell Banker New Homes" Makadi Bay is a high property investment opportunity by Orascom. Located 15 minutes from Hurghada International Airport, the resort offers 2 bedroom units starting from 212,893 Egyptian Pounds. The resort offers a large amount of facilities including a fully serviced hotel, international hospital, international school, cinema, supermarkets, gym, spa and more. L

Source: "AlBawaba". Jumeirah Group, the Dubai-based luxury hospitality company and member of Dubai Holding, has signed an agreement with Palm Hills Developments (PHD), one of Egypt's premier developers, to manage Jumeirah Gamsha Bay Resort, a new five star deluxe resort located in PHD's Palm Gamsha resort on the Red Sea, Egypt. Jumeirah has been appointed to manage a luxury 250-room hotel on the

Source: "Al-Ahram weekly", Posted by: "Niveen Wahish". Egypt's real estate developers need to grab opportunities in middle income housing to survive today's market realities, Looking to capitalise on the current economic conditions to buy a house at a bargain price? You are in for a disappointment: prices are not set to come down, at least by no more than 10 to 15 per cent. "We are in a culture w

Source: "ameinfo", Posted by: "Cairo Festival City". Today in an event held at Cairo Festival City, the development celebrated the successful delivery of 150,000 m3 of zero defect structural concrete for Festival Centre. Based on the collaborative work between Al Futtaim Carillon, Orascom CI Joint Venture and Lafarge Egypt, the structural concrete has been progressively delivered over the last tw

محمد هارون ومحمد عبدالعاطي ٢٧/ ٦/ ٢٠١٠ جريدة المصري اليوم - أكدت هالة بسيونى، العضو المنتدب للشركة المصرية للتمويل العقارى، أن الشركة تسعى إلى زيادة محفظة التمويل لتصل إلى ٦٠٠ مليون جنيه خلال العام الجارى، خاصة بعد استحواذ بنك كريدى أجريكول - مصر على الشركة. وقامت الشركة مؤخرا بزيادة رأسمالها المدفوع من ٥٠ مليون جنيه، إلى ١٠٠ مليون جنيه، والمرخص إلى ٣٠٠ مليون جنيه. وقالت بسيونى فى تصريحات خاص

بدأت شركة مصر الجديدة للإسكان و التعمير في توصيل المرافق لمشروعها الذي تخطط لإقامته بمنطقة القاهرة الجديدة على مساحة 1695 فدانا ويعتبر مدينة سكنية متكاملة. وأكد فاضل الشهاوي -: رئيس مجلس الإدارة والعضو المنتدب للشركة أن الشركة لن تبدأ الأعمال الإنشائية بالمشروع أو تطرح وحداته للبيع حتى تنتهي من إدخال كافة مرافق المشروع والتي تستغرق وقتا ليس بقصير. ويشمل المخطط العام للمشروع تخصيص نسبة 39.8 % من إ

قررت شركة مدينة نصر تغيير أسلوبها فى بيع مشروعاتها من البيع بالتشطيب الكامل إلى البيع بدون تشطيب . و قد بدأت لشركة تطوير مشروع بمدينة السادس من أكتوبر على مساحة 171 فدانا, و تعتزم الشركة أيضا تطوير مشروع حدائق النصر فى أوائل العام المقبل بالاشتراك مع شركة اوراسكوم القابضة للتنمية ويقوم حاليا بيت خبرة بلجيكي بإعداد تصميمات المشروع الذى يقام على مساحة 900 فدان.