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News
Cityscape Egypt’s 2026 cancellation raises questions over changing real estate market priorities - Dailynewsegypt
19+ hour, 10+ min ago (651+ words) The decision to replace Cityscape Egypt’s 2026 real estate exhibition with a one-day forum has raised questions over whether the move reflects a broader shift in the Egyptian property market, as developers reassess marketing spending, sales strategies, and investment priorities amid…...
Hisham Talaat Moustafa: Egypt’s real estate market returning to normal after exceptional 2023–2024 - Dailynewsegypt
1+ day, 17+ hour ago (549+ words) TMG CEO says major developers maintain strong collection rates, while secondary-market slowdown reflects tighter liquidity and monetary policy Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group Holding (TMG Holding), said Egypt’s real estate market is operating at…...
Egypt records 490k real estate tax filings covering more than 830k properties
6+ day, 19+ hour ago (254+ words) Egypt’s newly introduced facilities for real estate taxpayers have gained significant traction, with taxpayers creating more than 612,000 electronic accounts and filing 490,000 tax declarations through a dedicated mobile application during its first two months, Finance Minister Ahmed Kouchouk said. The submitted…...
M squared???s Masyaf Ras Al Hekma reaches 41% construction completion as phase two begins
1+ week, 18+ hour ago (387+ words) M squared, the real estate arm of Intro Holding, announced that its Masyaf Ras Al Hekma destination has reached approximately 41% overall construction completion, as development accelerates across the 1,546-unit project and construction begins on Phase 2. Construction is currently underway across…...
Land withdrawal does not automatically erase buyers??? rights: Legal expert
1+ week, 19+ hour ago (475+ words) The withdrawal of land allocated to a real estate project from a developer does not automatically mean that individual buyers will lose their money or contractual rights, according to Haitham Elsayes, a lawyer before the Court of Cassation and the…...
Garnest targets 100,000 customers, 10,000 accommodation units in Egypt - Dailynewsegypt
1+ week, 19+ hour ago (154+ words) Vacation rental booking platform Garnest is planning to expand its operations in Egypt after attracting more than 5,000 customers and listing over 500 accommodation units within its first two months of operation. Ahmed Fazara, Founder of Garnest, said the company aims to…...
Solare Ras El Hekma: Inside new model of coastal destination-building
1+ week, 4+ day ago (718+ words) Misr Italia Properties’ Solare Ras El Hekma reflects this shift. Located at Kilo 199, the 400-feddan destination represents total investments of around EGP 58.5bn and comprises 3,718 units, a full kilometre of beach, 200,000 sqm of beachfront spaces, 16 lifestyle amenities and experiences, and three…...
Egyptian-Saudi partnership launches Prax Developments, announces first project in New Obour
2+ week, 18+ hour ago (300+ words) Prax Developments has announced its entry into the Egyptian real estate market through an Egyptian-Saudi partnership, with plans to launch its first project in New Obour. The company is headed by Mohamed El-Refaie and was established through a partnership between…...
Everestview Development launches Montania Gate in Sheikh Zayed
2+ week, 18+ hour ago (329+ words) Everestview Development has launched Montania Gate, its latest mixed-use development in Sheikh Zayed City, West Cairo. Mohamed Samir El Shennawy, Chairperson of Everestview Development, said the launch is part of the company’s strategy to expand its portfolio in West Cairo....
Five steps to obtain certified online clearance for real estate transaction tax payments: Finance Minister
2+ week, 1+ day ago (399+ words) Ahmed Kouchouk, Minister of Finance, said citizens are showing notable interest in using the real estate transaction tax mobile application to benefit from new incentives and digital facilities. He said the Ministry continues to develop tax services and simplify procedures…...