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A wider coverage of the Real Estate news in Egypt and MENA. Wydmap aims to provide a 360 degrees an

02/07/2024

Al Amaken Developments announced the launch of its second project in Sheikh Zayed, Genista Zayed.

Located in the heart of Zayed next to Al Ahly Club, Genista Zayed will span 5 feddans. The project will feature various residential unit sizes and a commercial area.

Essam Farghaly, Chairman of Al Amaken Development, stated the company’s aim to strengthen its presence in Sheikh Zayed after their successful launch of ‘Genista New Zayed’ in 2023. The project has already achieved 60% completion.

13/06/2024

SODIC and Marriott International have announced an agreement to bring Tribute Portfolio brand to Egypt with two new hotels.

The first hotel, located in SODIC’s Forty West, features 170 rooms and is set to open in 2027. The second hotel with 180 rooms, scheduled to open in 2029, will be located in SODIC’s June in Ras El Hekma.

Tribute Portfolio is a group of nearly 120 independent boutique hotels across more than 25 countries. This agreement will further expand Marriott’s portfolio in Egypt, which currently possesses 18 properties and more than 7,000 rooms.

11/06/2024

City Edge Developments has announced the launch of their newest project, Beachfront, in New Alamein City, spanning 42,000sqm.

The project features four residential towers and a multi-use podium ranging from 27 to 35 floors with a total of 848 floors. The podium level will offer sea-view commercial outlets, water features, cafes and restaurants.

The first tower is now 85% complete and is expected to finish by 2025. The tower comprises 180 residential units, 143 commercial units and 656 parking spaces. Sale of units will begin on June 6 with flexible payment plan up to 10 years

10/06/2024

Mekky Developments unveils its newest project, Gardenia Plaza Mall, covering 3,000 sqm, in New Cairo.

The project will feature administrative, commercial and medical units, covering a ground floor and two additional levels. Commercial units start from 35sqm, while medical and administrative units start at 30 sqm.

Completion and delivery of the project is expected by the end of 2026.

10/06/2024

Mountain view announces the launch of Plage project in Sidi Abdel Rahman on the North Coast with total investment of EGP 90 bn.

The 900-acre project features two phases inspired by Greek Designs, The Wave Plage and The Greek Plage. Both phases will feature hotels, villas and entertainment areas.

The Plage marks the developer’s third project on the North Coast after Mountain View Ras El Hekma and LVLS Ras El Hekma.

26/04/2024

grayfinds.com, Egypt’s first real estate matchmaking AI tool is now live.

Aiming to revolutionize the real estate market, grayfinds.com is now the first Egyptian website offering AI matchmaking tool for home sellers & buyers.

Through grayfinds.com, you fill out a questionnaire for either buying, selling or renting and they match you with the perfect broker to accommodate your needs.

It is also the ideal solution for brokers to find serious potential buyers & sellers.

Whether you are a broker or a person interested in selling, buying, renting a property, grayfinds.com is the place for you.

25/02/2024

Nakheel launches waterfront project on Dubai Islands

UAE developer Nakheel unveils Bay Villas project on Dubai Islands B that will feature residences, townhouses and villas. The project will entail a central park, children’s playgrounds, sports facilities, recreational areas and retail outlets.

Paragon Developments, Seqoon launch Amtar project

Paragon Developments and Seqoon collaborate to launch Amtar project, an innovative concept that offers partial ownership opportunities through a share system. The project involves the construction of an administrative space within Paragon 3 building, located in The New Administrative Capital. Prices range from EGP 2.5mn to 4mn.

Enwan unveils Maraya Plaza in New Cairo

Enwan Developments launched its 2,000sqm mixed-use project, Maraya Plaza, in Fifth Settlement with total investments of EGP 1bn. The project encompasses two interconnected buildings for commercial, administrative and medical units.

15/02/2024

Due to the recent economic situation in Egypt, people's primary focus is scouring the best investment opportunities. With the Egyptian Pound recent devaluation and the surge in prices, people are opting for investing rather than retaining their money in liquid form. There are many investment ventures in Egypt, the most popular being gold and real estate.

Investing in gold has always been a common way to preserve savings. With gold prices surging in 2024 due to the high buying demand and shortage in the market, more and more people are choosing this investment route. While investing in gold offers flexibility in the amount you want to invest and the ease of selling, significant returns are not guaranteed in the short-term. The unpredictability of gold prices can also hinder your selling decision.

Due to high demand and increase of construction material costs, real estate prices have seen a massive surge in 2023-2024. The never-ending demand on real estate has made it one of the best investment routes recently in Egypt. While investing in gold does not offer a passive income, investing in real estate does. The real estate market is also more steady and offers less fluctuations. Whether you’re opting for long-term or short-term investments, real estate has proven to be the primary investment choice in Egypt, amounting to 65% of investors’ preference over other sectors.

13/02/2024

1. Abu Dhabi in discussions to develop Egypt’s Ras El Hekma
Hossam Heiba, CEO of General Authority for Investment and Free Zones, confirmed the
involvement of a United Arab Emirates consortium in buying and developing Ras El
Hekma land, with the possibility of Egyptian entities like Talaat Mostafa Group retaining a
20% ownership stake.

2. IL Cazar Unveils Its Latest Project in New Cairo
IL Cazar Developments launched its latest project, The Crest, in New Cairo with a total
investment of EGP 60bn. The residential project will cover an area of 158 feddan,
comprising 3,000 units.

3. Cred Launches a Mixed-use Project, Ever New Cairo.
Cred Developments launched its newest and largest project, Ever New Cairo, in
partnership with the New Urban Community Authority with a total investment of EGP
30bn. The project spans over an area of 128.5 feddan in Southern 90th street featuring
residential, administrative and commercial units.

08/02/2024

Roya Developments plans to launch The Big Business District, a mixed use development hub in East Cairo. Set in a distinctive location in the heart of New Cairo, The Business district offers a variety of office spaces to accommodate different needs; as well as customized office spaces and buildings. The project possesses unique features, such as an advantageous location on the Ring Road, various mixed-use spaces and extensive greenery.

The Big Business District will encompass retail, hospitality, administrative and clinic spaces.

Cluster one; the first phase is developed to feature diverse office spaces with a unique location overlooking the highway, making it easily accessible from the Ring Road. All the phase’s buildings will be connected to the rest of the complex via a series of piazzas and service roads.

Roya Developments has been striving to cater to their clients’ needs since it was founded in 2007. Since then Roya has launched an impressive range of residential projects in Cairo, North Coast and Al Sokhna. Roya is now planning to establish a prominent commercial landmark in New Cairo.

07/02/2024

How did prices change by the end of 2023 & how prices will react in 2024?

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