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…

Egypt - Minister of Housing, Utilities, and Urban Communities Sherif El Sherbiny has announced the largest offering of ready-to-deliver housing units, comprising 6,575 units in 15 new cities. These cities include New Cairo, New Alamein, New Mansoura, 6th of October, New October, October Gardens, Badr, Obour, Shorouk, 10th of Ramadan, Sadat, New Minya, New West Qena, Nasser (West Assiut), and New Damietta. The Minister said that the offered units vary between Sakan Misr, Dar Misr, Janna, and other distinguished housing types of projects to meet citizens’ needs. For his part, Hassan El Shorbagy, Deputy Chairman of the New Urban Communities Authority for the Real Estate and Commercial Affairs Sector, explained that 409 units will be available within the Janna project with spaces…

Dubai's real estate market recorded total sales worth AED141.9 billion ($38.6 billion) in Q3 2024, setting an all-time high for a single quarter. This eclipsed the previous quarterly sales record of AED124.07 billion in Q2 this year, and represented a 30.1% year-on-year rise in value. A market update issued by fäm Properties reveals there were 50,423 overall sales transactions in Q3, a 37.9% year on year increase in volume and a 16.6% rise on Q2. 39,058 apartment sales The 39,058 apartment sales worth AED70.5 billion represented 77% of the total Q3 transactions, and showed a 43.9% increase in volume on the same period last year. Meanwhile, 8,156 villas sold for AED39.2 billion, a rise in volume of 16.6% over Q3 2023 and an increase of 18.4% on the previous quarter. Rising…

Modon Holding PSC engaged with the initial major partners to join in the development of the Ras El Hekma megaproject on Egypt’s stunning Mediterranean coast. Situated on the north coast of Egypt, Ras El Hekma is set to become a leading urban and tourist hub, boasting a wide array of attractions and amenities. Modon Holding aims to harness its large-scale development expertise, collaborating with local, regional, and global partners to bring this visionary destination masterplan to life. These collaborative efforts, combined with a focus on diverse entertainment, sports, cultural events, and top-tier community management, will position Ras El Hekma as a premier Mediterranean destination. While the immediate focus is on tourism and hospitality, Modon’s long-term vision for…

Neom for Tourism Development, a subsidiary of Arab Developers Holding, launched the multi-use development project, the Newom Al Mostakbal on the Hope Axis. The project is a commercial, administrative, and medical complex located on an area of ​​52,000 square metres, according to a bourse disclosure. The company expected to achieve about EGP 13 billion in sales from the first phase, while the construction cost stands at EGP 3 billion. During the first half (H1) of 2024, Arab Developers shifted to consolidated net losses valued at EGP 11.41 million, against net profits worth EGP 53.38 million in H1-23.

Egypt - Madaar Development, a leader in Egypt’s real estate market, has presented exclusive deals and flexible long-term payment plans at Cityscape Egypt 2024, solidifying its market presence with ambitious expansion plans and innovative offerings. During the exhibition that lasted from 25 to 28 September at the Egypt International Exhibition Center with over 40,000 visitors, Madaar offered exclusive opportunities for prospective buyers at its flagship projects Azha Ain Sokhna and Azha Ras El-Hekma, with strategic plans for 2025 driving the company’s future growth. Participating once again in Egypt’s largest real estate exhibition, Madaar offered customers flexible purchasing options at Azha Ain Sokhna. Buyers can choose a zero down payment plan with eight-year…

The return on investment (ROI) is a vital metric for investors evaluating the profitability of property investments. It offers insights into financial returns, helping investors assess capital efficiency. By considering rental income, property appreciation, and related expenses, ROI provides a comprehensive view of potential earnings. A strong ROI indicates a wise investment, enabling investors to make informed decisions for a successful and profitable real estate experience. Egypt’s property ROI reaches 15% Basem Elsherbiny, the CEO and Founder of ETQAN Business Development, said that ROI in Egypt’s real estate sector varies based on property type—whether commercial, administrative, residential, or coastal. He noted that annual returns in Egypt range between 10-15%,…