2024: Defining year for Egypt’s real estate market – key developments, emerging trends
Egypt’s real estate market experienced substantial developments in 2024, as economic challenges intensified with fluctuations in exchange rates and rising inflation. These factors significantly impacted the purchasing power of citizens and investors. Despite these hurdles, the sector demonstrated resilience, supported
Housing Ministry considers utilizing NUCA’s assets
Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny held a meeting on Sunday with officials from a company specializing in real estate asset management and institutional development. The meeting aimed to discuss proposals for enhancing performance and maximizing the
HDP launches Westview Residence project in New Zayed
In an endeavour to enhance its leading position in the Egyptian real estate market, the Housing and Development Properties (HDP) company, the investment arm of HDB, announced the launch of the “Westview Residence” residential project in the most prestigious and
NUCA issues securitization bonds exceeding EGP 40bn: FRA chief
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), has highlighted the importance of securitization mechanisms for real estate companies, citing the New Urban Communities Authority (NUCA) as an example. He revealed that NUCA had issued securitization bonds exceeding EGP
Housing Ministry offers 300 land plots monthly, expands private sector partnerships to 86 projects
Walid Abbas, Deputy Head of the New Urban Communities Authority (NUCA) for Planning and Projects and Supervisor of the Minister of Housing’s Office, confirmed that Egypt’s vision over the past few years is based on integrated cooperation between the authority