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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.
Egypt's Aqar Exit platform recorded 9,839 assignment files and units worth an estimated EGP 72.2 billion in its first 28 days, with lower-priced properties drawing the strongest buyer demand.
Egyptian developer Modon Developments is investing about EGP 5 billion in its Green River Tower in the New Administrative Capital, where construction has reached about 52% and completion is targeted within eight months.
M squared, the real estate arm of Intro Holding, announced that its Masyaf Ras Al Hekma destination has reached approximately 41% overall construction completion, with phase one on track for delivery by the end of 2027 and total sales reaching 70% of the project's inventory.
Nawy Now, the mortgage arm of Egyptian real estate platform Nawy, has offloaded EGP 633 million of mortgages to an investment fund in its second issuance, freeing up balance-sheet capacity.