Special Group partners with Mint Real Estate to elevate asset management for New Capital project
Special Group for Trade and Investment has entered a strategic partnership with Mint Real Estate Asset Management, a subsidiary of Al Ahly Sabbour, to oversee the full scope of asset management for its real estate portfolio and upcoming developments. The
ODE achieves record EGP 32.5bn in real estate sales, marking 67% growth in FY 2024
Orascom Development Egypt (ODE) has announced its consolidated results for Q4 2024, reporting record-breaking financial performance for the fiscal year (FY) 2024. The company achieved EGP 32.5bn in real estate sales, reflecting a 67% year-over-year (YoY) growth, with revenues surging
Mountain View targets EGP 150bn in sales in 2025
Mountain View for Development and Real Estate Investment has set an ambitious target of EGP 150bn in sales for 2025 while planning EGP 50bn in investments, including EGP 18bn allocated to construction. The announcement follows a year of exceptional achievements,
Housing Ministry to facilitate real estate funds in Egypt to attract foreign investment
Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny stated that the ministry is continuously working to develop the real estate sector to drive economic growth and provide suitable housing opportunities for citizens. This effort includes future strategies to enhance
Al Ismaelia to invest EGP 300m in property development during 2025
Al Ismaelia for Real Estate Investment has announced its 2025 strategy, reinforcing its commitment to revitalizing Downtown Cairo as a leading cultural, touristic, and investment destination. The company unveiled several transformative projects at a memorial event marking the 130th anniversary
Il Cazar, STM Investment partner to launch Stoda in East Cairo
Egyptian real estate developer Il Cazar has announced a partnership with STM Investment, a diversified Egyptian company specializing in real estate development, education, clubs, shopping malls, investments, and technology. This collaboration aims to launch a series of real estate projects
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