News by Country
Published stories attached to Egypt.
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Egypt's Industrial Development Bank and the Urban Development Fund have signed a cooperation protocol to provide financing for citizens buying units in urban development projects in governorate capitals and major cities.
Madinet Masr has announced its first entry into Egypt's North Coast through its new AMAR urban realisation platform, partnering with Reedy Development on a roughly 101-acre project at KM 183.
Egypt has issued national real estate identification numbers for all buildings nationwide, linking many individual units to utilities data in a push to tighten property records and ownership verification.
Housing Minister Randa El-Menshawy has ordered a halt to tree-cutting in Egypt's new cities and instructed authorities to protect parks and pursue violations.
Egypt has recorded about 490,000 real estate tax filings covering more than 830,000 property units on its digital real estate tax platform, according to Finance Minister Ahmed Kouchouk.
Egyptian leases held by legal entities under Law 10 of 2022 will expire in March 2027, after which tenants must vacate or sign new agreements.
Cairo Governor Ibrahim Saber said the Khedival Cairo development project will proceed in four phases spanning Tahrir Square, Talaat Harb, Opera Square and Qasr El-Nil Street.
Egypt's new digital facilities for real estate taxpayers drew more than 612,000 electronic accounts and 490,000 tax declarations in their first two months, Finance Minister Ahmed Kouchouk said.
Egyptian proptech Nawy closed a second EGP633mn Sharia-compliant fixed-income fund backed by mortgage receivables, taking total issuance above EGP1bn and establishing a repeatable capital-markets channel to fund home financing.