Egypt Real Estate
Desert ski slopes lay tracks for Egypt’s consumer-led revival
Egypt squatters lose homes as state seizes land
2017-07-26 18:39:07 Warraq Island - Hala Gamal looks at a pile of rubble on Cairo's Warraq island - all that's left of her house after a police operation to evict residents accused of squatting on state land. Gamal, 31, said she had left the Nile island in the capital's north on July 16 to buy breakfast. She returned to find her home destroyed and her children on the street   Read More ...
Desert ski slopes lay tracks for Egypt’s consumer-led revival
2017-03-27 19:34:11 CAIRO Weaving through the packed parking lot toward the Mall of Egypt, a new $700 million (Dh2.57 billion) retail palace complete with a Dubai-style indoor ski slope, it’s easy to think that the country’s economy is well and truly on the mend after years of crisis. In fact, Egypt’s biggest shopping centre is opening its doors after household spending power was hit by a 50 drop in the pound’s value following a decision to lift currency controls to ease a crippling dollar shortage   Read More ...
EXCLUSIVE-Egyptian real estate developers suspend Saudi project amid tensions
2017-02-23 12:18:31 Three Egyptian real estate executives said on Thursday that their companies have suspended housing deals with the Saudi Arabian government amid political tensions between the two countries. Four Egyptian real estate companies had signed memorandums of understanding with the Saudi Housing Ministry during King Salman's April visit to Cairo last year. Since then, political differences have emerged as the two Arab powers have diverged on the conflict in Syria, and   Read More ...