News by Country
Published stories attached to Egypt.
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Egypt's Talaat Moustafa Group has agreed a partnership with AXA Egypt to give buyers at its The Spine development a 10-year medical insurance policy from the date their units are delivered, with a new hospital set to join the insurer's provider network.
Hyde Park Real Estate Development has acquired 415 feddans of the historic Dream Land site in 6th of October City from state-owned Ecrami, in a deal that clears one of Egypt's longest-running real estate disputes.
IHG Hotels & Resorts has signed a management agreement with Kleek Development for a 250-key Crowne Plaza hotel in New Cairo, due to open in the first quarter of 2031 as IHG deepens its Egyptian pipeline.
Banque Misr has signed EGP 10 billion in financing agreements with Founders Real Estate Marketing, the marketing arm of Hyde Park Developments, to fund integrated residential, commercial and administrative projects in Egypt.
Egypt's property assignment platform Aqar Exit says it has closed deals worth an estimated EGP 8.8bn since launch, as the estimated market value of its listings reached EGP 124bn.
Egyptian developer Madinet Masr has launched a fractional real estate investment offering through its SAFE platform, allowing investors to buy shares in selected properties from EGP 5,000.
Fractional ownership is making Egypt's property market more accessible by letting investors buy a stake in a home rather than a whole unit, though industry professionals say the model's impact will stay limited until prices fall.
Egypt has allocated more than one million square metres across 16 plots in Hurghada for hotel, tourism and entertainment projects expected to add hundreds of hotel rooms.
Ahmed Abouzaid, chairman of Uptown 6 October Group, has called for Egypt's draft real estate law to be broadened from a developers' union bill into an integrated framework covering licensing, off-plan sales, escrow accounts and brokerage.