Developers face cash flow challenges, rely on unsold inventory to offset costs
Chairperson of Mazaya Developments, Mohamed Allam, emphasized the critical role of calculating a company’s final cash income after deducting expenses and costs from revenues. The resulting positive or negative balance ultimately determines a developer’s financial strength, execution capabilities, and ability
Mortgage finance in Egypt reaches EGP 81.22bn, benefiting 617,500 citizens
Mai Abdel Hamid, CEO of the Social Housing and Mortgage Finance Fund (SHMFF), announced that total mortgage financing in Egypt has reached approximately EGP 81.22bn, benefiting 617,500 recipients through 22 banks and eight mortgage finance companies. She noted that direct
The MarQ Communities delivers first residential units at The MarQ Gardens in New Cairo
The MarQ Communities has begun handing over the first batch of residential units at The MarQ Gardens, its flagship project in New Cairo. During a press conference, Amr Badr, Chairperson and CEO of The MarQ Communities, announced that the company
Valero Developments targets EGP 3.2bn in investments for Q2
Ahmed Abdel Salam, CEO of Valero Developments, has announced that the company targets to expand its investment portfolio to EGP 3.2bn in the second quarter (Q2) of the year. Valero Developments currently owns three projects in Obour City, catering to
Al-Mashat says Egypt, Bahrain seek stronger economic ties
Egypt and Bahrain are keen to strengthen their economic partnership. Rania Al-Mashat, Minister of Planning and Economic Development, attended the Egyptian-Bahraini Joint Committee meeting here and stressed the close ties between the two nations. The meeting, chaired by Ahmed Kouchouk,
Sidi Abdel Rahman: A Jewel on Egypt’s North Coast
Sidi Abdel Rahman offers a wide variety of properties for sale, catering to different tastes and budgets
The post Sidi Abdel Rahman: A Jewel on Egypt’s North Coast appeared first on Dailynewsegypt.
Egypt’s governmental real estate platform officially launched
Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister of Communications and Information Technology Amr Talaat, Egypt’s governmental real estate platform—supported by the Multiple Listing Service (MLS) system—was officially launched on Thursday in Cairo.
Urbnz Developments unveils AXIS Three Business Mall in West Cairo
Urbnz Developments has launched its first project, AXIS Three Business Mall, in West Cairo, targeting sales of EGP 230m, according to Mahmoud Amir, Chief Commercial Officer (CCO) of the company. Amir highlighted that Urbnz Developments’ management team brings over 60
Q Developments eyes EGP 34bn in investments with expanding land portfolio
Q Developments held its 2025 annual event to highlight recent achievements, investment strategies, sales performance, and expansion plans for the coming year. Ahmed Thabet, CEO of Q Developments, stated that they hold a 260-feddan land portfolio across the North Coast
Madinet Masr partners with Dino Activations as sponsor of Disney on Ice in Cairo
Madinet Masr, one of Egypt’s leading real estate developers, has announced a partnership with Dino Activations, the exclusive local partner of Disney shows, in collaboration with Feld Entertainment, the global entertainment giant. Through this collaboration, Madinet Masr will serve as