| |
| Saudi Arabia will need four to five million housing units by 2020 |
Date posted: 11.04.2008 |
There has been a growing demand for real estate in Saudi Arabia, which has been attributed to repatriation of Saudi funds from abroad, soaring oil prices and increase in oil revenues, and the recently introduced regulatory framework covering investment laws for Gulf Cooperation Council (GCC) nationals, which made freehold investment in the Kingdom highly attractive. |
| |
| Next Move real estate investment expo to be held in Cairo |
Date posted: 31.03.2008 |
| The inaugural edition of the Next Move real estate investment exhibition will be held from 16-19 April 2008, at the Cairo International Conference Centre in Cairo, Egypt. The event, touted as the largest real estate exhibition and forum in Egypt, will welcome more than 40 exhibitors and 25,000 visitors to 16,000 square metres of exhibition space to explore various residential and commercial projects worth US$10.0 billion (AED 36.7 billion). |
| |
| Investing in the Egyptian Property Market |
Date posted: 03.03.2008 |
| It has not been that long ago that the Egyptian property market fell on hard times. In 1997, there was a massive housing oversupply due to inexperienced companies jumping into a market that they didn’t understand. Many of the developers went bankrupt. It has take some time, and ten years of market adjustment, but the property industry is on the rise once again. |
| |
| Visit Arabia 2008, Property & Recrutment |
Date posted: 18.02.2008 |
Dubai government statistics state that 800 people are applying for a UAE resident visa every day so they can live and work in the Emirate. That’s a staggering 292,000 people a year. If 50% of these groups our coming over as laborers, then this still leaves over 146,000 new arrivals who will need somewhere to live as well as work. Arabia 2008, a new property and recruitment exhibition will be taking place at London Earls Court on Friday 29th February to Sunday 2nd March, where visitors can attend to source all the information they require on living and working in the UAE, GCC, Egypt or Morocco. |
| |
| Egypt – A successful reform story |
Date posted: 14.02.2008 |
| "Reaping the fruits of the economic reform program" could be the title for the next phase of the Egyptian economy. The principal goal of the current cabinet, which was appointed in 2004 and headed by Dr. Ahmed Nazif, is to set in motion more economic reforms, thus transforming the country into a new business hub. This government has succeeded in turning around many critical issues concerning the Egyptian Economy. The results were significant during the period from 2004/05 to 2006/07. One of their main achievements was that they regained trust and credibility from the regional as well as the international investors and investment institutions. |
| |
| 25m Tourists by 2020 |
Date posted: 12.12.2007 |
| The Egyptian minister of tourism said that the government is planning to increase the number of tourists to reach 25 million tourists in 2020. |
| |
| Mortgage Market Takes Off |
Date posted: 10.12.2007 |
| New mortgage deals now available n Egypt are finally making it possible for young Egyptians to start buying property. |
| |
| Cairo Property Boom |
Date posted: 10.12.2007 |
| After languishing for several years from the late 1990s, Egypt's real estate sector is now booming on the back of three years of economic growth averaging 7 per cent. |
| |
| Golfers Target Egypt |
Date posted: 10.12.2007 |
| Egypt is rapidly becoming one of the fastest growing, most popular emerging golf destinations in the world. |
| |
| Record Increase in Tourists |
Date posted: 09.10.2007 |
| The number of people choosing to take their holidays in Egypt has gone up this year, according to new figures. |
| |
| Reduced Property Tax |
Date posted: 09.10.2007 |
| Egypt's Finance Minister Youssef Boutros Ghali said the government plans to reduce property tax to 8% of annual rental value from 46% |
| |
| Resort Auction Fiasco |
Date posted: 04.10.2007 |
| A government auction for a piece of land due to become a new luxury tourist resort ended in fiasco when none of the bidders could keep their promises. |
| |
| Credit Rating Improves |
Date posted: 30.09.2007 |
| Capital Intelligence (CI), an international emerging markets credit rating agency, announced that it has raised Egypt's long- and short-term foreign currency ratings by one notch to BBB-/A3. |
| |
| Most Improved For Business |
Date posted: 26.09.2007 |
| Egypt is the most improved country in the world for 2007 when it comes to doing business in the territory as more red tape is stripped away. |
| |
| Red Sea Opens Up |
Date posted: 21.09.2007 |
| Construction companies have taken a bet that fear of terrorist attacks will not deter families from investing in second homes in Egypt’s Red Sea Riviera resorts. |
| |
| Emaar New Red Sea Project |
Date posted: 19.09.2007 |
| Emaar Egypt is currently looking into acquiring a new land plot in the Ain Sokhna Red Sea resort, making it the single largest foreign direct investor in Egypt’s evergreen real estate sector. |
| |
| Mortgage Boost to Market |
Date posted: 12.09.2007 |
| New mortgage products being planned together with a substantially simplified property registration system should lead to a new boom on the Egyptian housing market. |
| |
| Northern Coast Opportunities? |
Date posted: 10.09.2007 |
| Egypt's Northern Mediterranean coast is currently frequented only by Egyptians. But, as the Red Sea coasts become over-developed, is this going to become the next property hotspot? |
| |
| Mortgage Company to Launch |
Date posted: 03.09.2007 |
| Egyptian investment bank Naeem Holding is setting up a $200 million mortgage finance company to tap surging demand for real estate in Egypt. |
| |
| Boom in Luxury Developments |
Date posted: 01.09.2007 |
| Big-name international developers continue to take advantage of Egypt's current boom market, particuarly in Cairo and on the Red Sea coast. |
| |
| Foreign Investments Up 82% |
Date posted: 29.08.2007 |
| "Foreign investments in the fiscal year 2006/2007 reached $ 11.1 billion by an increase of $ 4.989 billion compared to the fiscal year 2005/2006,"said Investment Minister Mahmoud Mohie Eddin. |
| |
| New Resort for Zafarana |
Date posted: 24.08.2007 |
| A luxury, five star, beach-front resort is currently under construction on the shores of the Red Sea near Zafarana, benefitting from excellent diving opportunities in unspoilt reefs. |
| |
| Gulf Developers Create Boom |
Date posted: 20.07.2007 |
| Dubai-based developers Damac and Emaar's new developments in Cairo are leading to a real estate boom, growing prices way outisde what regular Egyptians can afford. |
| |
| Dubai Developer Giant Enters Egypt |
Date posted: 19.07.2007 |
| Developer DAMAC, one of the companies most responsible for turning Dubai into a modern metropolis enters the Egyptian market with a huge Red Sea project. |
| |
| Egypt Targets Indian Tourists |
Date posted: 17.07.2007 |
| After having been highly successful in promoting the country's attractions to Western and Eastern Europe, Egypt is now setting its sights on India. |
| |
| Brits Look For More Exotic Locations |
Date posted: 03.07.2007 |
| Investors Provident say that investors are turning their attention to locations such as Morocco and Egypt. |
| |
| Qatari Co, $175bn Resort |
Date posted: 27.06.2007 |
| Qatari Diar Real Estate & Investment Company has signed a deal to develop a 10bn Egyptian pound ($1.75bn) resort on Egypt’s Red Sea coast |
| |
| Egypt Entering Limelight |
Date posted: 07.06.2007 |
| The property markets of Egypt, Morocco and Brazil have been described as "coming into the limelight" by an industry expert. |
| |
| New Resort Raises the Bar |
Date posted: 30.05.2007 |
| A 620-acre desert development called Serrenia near Sahl Hasheesh is upping the ante for luxurious living in Egypt. |
| |
| Back to top |
