Egypt - Valero Developments has officially launched, announcing its first project, Circle 9 Mall in Obour city, according to Chairperson Ahmed Fahmy. Fahmy highlighted that Valero aims to make a mark in Egypt’s real estate sector, including potential expansion into the Gulf region by delivering Egyptian projects at international standards. Fahmy noted that Egypt’s real estate market is rapidly growing, with informed clients seeking quality investments amid high demand for secure assets. He disclosed that the company selected Obour City as its launch point, a well-developed first-generation city known for its green spaces, extensive industrial area, and balanced environment that supports both residential and commercial needs. As one of Egypt’s first-generation…

  Egypt - Participants in the Decision Makers conference put forward a set of recommendations aimed at shaping the proposed visions for advancing the real estate industry through actionable steps. They agreed on the impossibility of a “real estate bubble” in the country. They emphasized the importance of supporting the role of real estate development companies by providing financing solutions that cater to various customer segments, with instalment plans extending up to five or ten years. They also stressed the need to maintain stable interest rates to reduce the cost of real estate financing and offer competitive project prices, along with ensuring exchange rate stability. Decision Makers conference concluded its fifth edition, on Wednesday, under the patronage of…

  Egypt - Abdelrahman El Zaeem, Chairperson of Zaeem Holding, announced the launch of Lora Compound, the first smart residential project in Badr City. Covering an area of 35,000 sqm, the project includes a commercial mall on a 6,900 sqm plot and features 450 residential units ranging from 65 to 159 square meters.   El Zaeem said that the company has designed flexible payment plans extending up to 10 years, with anticipated sales reaching EGP 1.2bn.   He highlighted Badr City’s strategic location near the New Administrative Capital, Noor City, and Madinaty, which positions it as an attractive investment destination. The city has seen substantial governmental support in infrastructure and road development, paving the way for a significant urban expansion with…

  Egypt - Chairperson of Administrative Capital for Urban Development (ACUD), Khaled Abbas, announced that the company is gearing up to issue new facilities for real estate development companies in New Administrative Capital.   Abbas said that ACUD will provide facilities for developers with projects under 5 feddans, provided they complete and fully finish the façades of the projects within six months.   He noted that the company will grant developers an additional implementation period of up to six months and will reduce any delay penalties by 50%, if applicable.   He pointed out that this measure aims to preserve the aesthetic appeal of the New Capital’s projects.   He added that planning is underway for an additional 40,000 feddans.…

Egypt - Living Yards Developments has officially launched its latest project, Solay, a residential community spanning 31 feddans in New Cairo. This launch coincides with a strategic partnership between Living Yards and AKD Advisory, a consultant in restructuring, management services, and real estate development, aimed at leveraging AKD’s expertise to support the project and further Living Yards’ mission to deliver exceptional real estate solutions.   Chairperson of Living Yards, Ayman Marzouk, stated: “The launch of Solay in New Cairo underscores our commitment to fulfilling our clients’ expectations. Our collaboration with AKD guarantees that we uphold the highest standards of quality and efficiency.”   Amr El Kady, Founder and CEO of AKD,…

  Dubleuse has launched the PlugN project, a new product that offers a variety of fully equipped serviced offices managed by a specialized facilities management company a The launch will start with the company’s project District People, with an ambitious plan. The company is preparing to offer this real estate product in various projects, whether owned by Dubleuse or other companies interested in offering the same product and leveraging Dubleuse’s expertise in this field. PlugN provides office units, providing integrated services that enable benefits to lead a seamless lifestyle without incurring high expenses for essential services to create a positive work environment. PlugN has a variety of units including private offices, specialized work centres, and co-working…

   Samir Aref, Chairperson of the Investors Association in 10th of Ramadan city and co-founder of Wadi Valley Developments, revealed details of the first fully-serviced smart villa compound developed by Wadi Valley in 10th of Ramadan City. The project, The Capital, is located in District 75 of the city and has a total investment of EGP 2bn. Aref explained that The Capital project stands out with unique urban planning and a variety of spaces for clients. It includes residential, commercial, and administrative units, spanning over 31,000 sqm. The company has already started sales with attractive prices and payment plans. He highlighted that investing in real estate not only preserves the value of clients’ savings but also grows them, adding that 10th of Ramadan city has…

Japanese Titan Capital’s owner Kanazawa Yukio is considering moving a substantial portion of his $8 billion investments to the Egyptian market, as per a statement.   This came during Yukio’s meeting with the Egyptian Minister of Housing, Utilities and Urban Communities Housing Sherif El Sherbiny to discuss cooperation opportunities in the fields of real estate development and localization of advanced technologies in Egypt.   During the meeting, Yukio noted that his investment partners are interested in forming an investment alliance based in Egypt, paving the way for further investment in Arab and African markets.

Japanese Titan Capital’s owner Kanazawa Yukio is considering moving a substantial portion of his $8 billion investments to the Egyptian market, as per a statement.   This came during Yukio’s meeting with the Egyptian Minister of Housing, Utilities and Urban Communities Housing Sherif El Sherbiny to discuss cooperation opportunities in the fields of real estate development and localization of advanced technologies in Egypt.   During the meeting, Yukio noted that his investment partners are interested in forming an investment alliance based in Egypt, paving the way for further investment in Arab and African markets.

Alaa Fikry, Chairperson of Beta Developments and First Vice President of the Real Estate Development Committee at the Egyptian Businessmen’s Association, stated that the size of the real estate market and the number of companies operating within it have grown significantly in recent years.   This growth is due to the development and construction initiatives undertaken by the state, as well as the rising returns on real estate investments. This increase in companies requires swift action to regulate and organize the real estate market, Fekry said.   He pointed out that before 2014, the number of companies operating in the market was lower, and there wasn’t the fierce competition of today.   He noted that regulation helps filter out non-serious companies…

  Egypt - Q Developments announced the launch of its first project in west Cairo, Q Hills located in New Zayed City, on 24 feddans directly on the Dabaa axis, minutes away from Sheikh Zayed City and Sphinx International Airport, west of Cairo.   Ahmed Thabet, CEO of Q Developments, said that construction work had already begun on the project’s land preparation before its units were offered for sale, announcing that the project is being offered at an unprecedented price, as usual, with payment plans up to eight years. The project will be fully delivered within three years.   Q Developments CEO highlighted that the company managed to control costs by securing land at competitive prices with flexible payment plans, relying on self-financing without banks, using…

Egypt - RAQ Development announced the launch of its Zawat Residence project in 10th of Ramadan City, spanning over 20 feddans, with investments exceeding EGP 6bn.   Chairperson of RAQ Development Wael Abu El-Saud stated that Zawat Residence will offer a range of competitive advantages, tailored to fulfill the diverse needs and preferences of customers from various segments.   Chief Commercial Officer of the company Ahmed El-Badry said that the project will be developed in multiple phases, noting that over 40% of the first phase was sold within just six hours of the project’s launch and opening for reservations.   El-Badry added that the company’s name, which is derived from the concept of elegance, reflects their philosophy in work and…