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Central Bank Expands Scrutiny of Real Estate Developers' Financing
Central Bank Expands Review of Real Estate Developers’ Financing The Central Bank of Egypt is expanding the scope of its review of financing related to real estate development companies to include “check discounting” balances and the securitization of post-dated checks, in addition to financing related to securitization bond issuances. The Central Bank has requested data from banks on: ▪️ Bounced and returned checks ▪️ Real estate units delivered to customers ▪️ Financing balances related to securitization transactions Banks are required to submit the requested data by October 1 at the latest. The move is part of a broader review of banks’ exposure to Egypt’s real estate development sector.
Turki Al-Sheikh Expands His Real Estate Acquisitions in Egypt... 3 Projects on His Shortlist 🇪🇬
Turki Al-Sheikh Expands His Real Estate Acquisitions in Egypt… 3 Projects on His Shortlist 🇪🇬 The real estate acquisitions announced by Counselor Turki Al-Sheikh in Egypt included projects from three of the most prominent developers in the Egyptian market: 🔹SouthMED Project – Talaat Mustafa | North Coast “I’m still one of his clients and I’ve secured a spot at the Four Seasons”… with delivery scheduled for May 2029. 🔹MY ŌTEL Project – Waterway | North Coast “It’s very beautiful, and I’ve secured a spot there for next year.” 🔹Grova EastHills Project – Hassan Allam | New Cairo “And I bought into this beautiful project”… affirming that his confidence in the Egyptian real estate market is “boundless.” 📊 Three announced real estate purchases, spanning the North Coast and New Cairo, ranging from residential projects to hotel hospitality developments. 🇸🇦❤️🇪🇬 In his remarks, Turki Al-Sheikh praised Egypt’s infrastructure, roads, and services, considering them a key factor in attracting real estate investments. Notably, Al-Sheikh linked his real estate choices to the quality of infrastructure, roads, and services, considering them key factors in attracting investors to the Egyptian market.
Surprise🚨 Massive losses... 46.5 billion pounds vanish from the market capitalization of major real estate companies
Surprise🚨 Massive Losses… 46.5 Billion Pounds Vanish from the Market Capitalization of Major Real Estate Companies • The market capitalization of the 10 largest listed real estate companies fell by approximately 46.5 billion pounds during the period from September 1 to 30, 2026. 🔻 Talaat Moustafa led the losses with approximately 21.3 billion pounds, accounting for nearly 46% of the total decline. It was followed by: • SODIC: 7.1 billion pounds • Palm Hills: EGP 4.8 billion • Orascom Development: EGP 4.4 billion • Heliopolis: EGP 2 billion 📊 In terms of share price, Pioneers Properties recorded the largest relative decline at approximately 26.2%, followed by SODIC at approximately 17.8%.
📊 Are Real Estate Companies in Egypt Losing Money? The Numbers Reveal the Truth
📊 Are Real Estate Companies in Egypt Losing Money? The Numbers Reveal the Truth Despite a decline in profits for some companies, 11 real estate and investment firms posted net profits of approximately 25.9 billion pounds during the first half of 2026, compared to 22.15 billion pounds during the same period in 2025—a growth of nearly 16.9%. 🏢 Seven companies reported profit growth, while four saw their profits decline. 🔹 Talaat Moustafa: 9.94 billion EGP, up 23% 🔹 Emaar Misr: 5.56 billion EGP, up 42% 🔹 Orascom Development: EGP 3.17 billion, up 5% 🔹 Palm Hills: EGP 2.29 billion, down 11% 🔹 Heliopolis Housing: EGP 1.35 billion, up 111% 🔹 Madinet Misr: EGP 1.02 billion, down 20.1% 🔹 Pioneers Properties: EGP 837.9 million, up 77% 🔹 SODIC: approximately EGP 834 million, down 35.7% 🔹 Zahraa Maadi: EGP 485.1 million, up 35.5% 🔹 E-Capital: EGP 302.9 million, down 25.6% 🔹 Amer Group: EGP 96.9 million, up 204% 📌 Conclusion: The first-half results do not indicate widespread losses among the companies under review, but they reveal a clear disparity in profitability among developers.
QORE Pumps 30 Billion Pounds into the Egyptian Real Estate Market
QORE Pumps 30 Billion Pounds into the Egyptian Real Estate Market QORE has announced an expansion plan aimed at investing 30 billion pounds in the Egyptian real estate market over the coming years, drawing on more than 30 years of experience in construction, infrastructure, and manufacturing, and a track record of more than 100 projects. 🔹 The company relies on a financing model that draws heavily on its own resources, enabling it to fund approximately 30% to 40% of construction costs from its own funds. 🏢 Maydan… QORE’s First Project in Egypt The company announced the launch of the Maydan project in 6th of October City, with investments estimated at approximately one billion Egyptian pounds, on a land area of 10,000 square meters, and a total floor area of about 30,000 square meters, with an implementation plan spanning three years. 📍 The project includes commercial and administrative spaces as well as medical clinics, with construction work beginning concurrently with the project’s launch. • QORE also revealed strategic partnerships with Inversion, Hafez Consultants, and TSM Asset Management to support the project in the areas of development, design, engineering consulting, asset management, operations, and retail. 📈 The company’s expansion vision extends through 2030, with new investment opportunities under consideration, including land in 6th of October City.
Surprise | An exclusive first look at “North Coast” projects reveals three stalled projects
Surprise | Exclusive first look at North Coast projects reveals 3 stalled projects 🏗️ Sources close to the Ministry of Housing revealed that 3 real estate projects have been significantly stalled on the North Coast, as part of an exclusive first look at the projects in the area. 📌 The sources clarified that the review also included a delay in monitoring a number of other projects, noting that stalled cases will be handled according to the specific circumstances of each project. 🔎 This comes as a result of anticipated developments and acquisitions in a number of projects on the North Coast, including the recent acquisition by a real estate consortium of the Jifera Al-Mamluk project from Inshya for Urban Development.
🚨 Applications are now open... Prices for rent-to-own units start at 1.67 million pounds
🚨 Applications are now open... Prices for rent-to-own units start at 1.67 million EGP • Applications are now open for rent-to-own units in a number of new cities, with varying sizes and prices, and a delivery period of up to 36 months. • Prices range from 1,672,650 EGP to approximately 2,685,690 EGP, depending on the city, size, and type of unit. 📍 Key Prices: ▪️ New Sohag: 1.67 million EGP ▪️ New Minya: 1.69 million EGP ▪️ Sadat City: 1.74 million EGP ▪️ New Borg Al Arab: 1.74 million EGP ▪️ 6th of October City: From 1.77 million to 2.68 million EGP ▪️ New Al-Alamein: From 2.19 million to 2.31 million pounds • Required income brackets: 👤 Single individuals for units priced from 1 million to less than 2 million pounds: From 12,000 to 28,000 pounds, depending on the bracket. • Families: From 16,000 to 28,000 pounds. For units valued at 2 million pounds or more: 👤 Single applicants: 21,000 to 33,000 pounds. • Families: 28,000 to 44,000 pounds. ⚠️ Prices are estimates and subject to an increase of up to 20% based on the data.
Surprise//Real Estate Consortium Considers Acquiring “Gevira”... What’s Happening with the Inertia Project on the North Coast?
Real Estate Consortium Considers Acquiring “Jevira”… What’s Happening with the Inertia Project on the North Coast? A real estate consortium is considering acquiring the “Jevira” project, owned by Inertia Real Estate Development, amid delays in the project’s implementation and the handover of a number of units to customers that have been pending for several years. • “Jivera” is located on 640 feddans in the Ras al-Hikma area on the North Coast, after Inertia sold 640 feddans to Al-Marasem International. • The Urban Communities Authority had demanded that Inertia pay approximately 650 million pounds in installments for the project land, according to previous reports in local newspapers. • Last October, Inertia secured a joint Islamic financing package worth 5.2 billion pounds from a banking consortium comprising: Banque Misr, the National Bank of Egypt, Banque du Caire, the Housing and Development Bank, and the Suez Canal Bank, to finance part of the total investment cost of the “Gevira” project. 🔎/Will the potential acquisition mark a new step toward completing the project, accelerating its implementation, and delivering the units?
Tetra Real Estate Development Aims to Invest 10 Billion Pounds in Egypt by 2030
Tetra Real Estate Development Aims to Invest 10 Billion Pounds in Egypt by 2030 • Tetra Real Estate Development Group launched its new brand, T Developments, through its first project in the Financial District of the New Administrative Capital, with investments estimated at approximately 2 billion pounds. 📌 The group aims to invest 10 billion pounds between 2027 and 2030 to develop a variety of projects covering an area of up to 400,000 square meters. • T Developments has also signed three partnerships with: 🔹 Mohamed Talaat Architects (MTA) for engineering consulting and design 🔹 Itqan for Financial and Marketing Consulting 🔹 Namaa EXP for Management and Operations • The expansion plan in the Egyptian market is based on more than 20 years of experience in the Kuwaiti market, during which the group has completed more than 40 projects.
Surprise – Mohamed Al-Abbar: Real Estate Sales Drop by More Than 50%
Surprise – Mohamed Alabbar: Real Estate Unit Sales Drop by More Than 50% • Mohamed Alabbar, founder of Emaar Properties, said that the real estate market has seen a significant decline in sales following the boom it experienced in recent years. • Real estate unit sales have fallen by more than 50%, while sales in the shopping center sector have declined by about 15%, according to Al Abbar’s statements to “CNBC Arabia.” • In other news, Alabbar unveiled a new project for Eagle Hills in the Maldives with investments totaling $20 billion, which includes the development of a 6-kilometer-long island and the construction of approximately 5,000 residential units. • The project is scheduled to be implemented over a period of 10 to 15 years, relying primarily on self-financing and proceeds from sales.
Arab Contractors Aims to Raise 1 Billion Pounds from the Sale of Hotel Units on the North Coast
Arab Contractors Aims for EGP 1 Billion in Sales of Hotel Units on the North Coast • Arab Contractors has signed contracts to sell a number of hotel units among the 94 units offered through the “Farida” shared-ownership platform, operated by the Saqr Investment Fund, at the Breeze Palm Beach project on the North Coast. • The company aims to achieve sales of up to 1 billion Egyptian pounds from the units currently on offer. • The project is being developed on an area of 60 feddans, and the company plans to launch a new phase comprising approximately 300 units in the near future. • The Arab Contractors is also preparing to expand in the real estate sector through new projects, including a mixed-use project in Nasr City, with details to be announced after the completion of legal procedures, licensing, and design work. • For its part, the “Farida” platform revealed that the number of registered accounts has reached approximately 30,000 in a year and a half, with those residing abroad accounting for about 50% of them.
Surprise… 311,000 pounds per square meter… A record high at the Capital Gardens auction
Surprise… 311,000 pounds per square meter… A record high at the Capital Gardens auction • The public auction organized by the New Urban Communities Authority in Capital Gardens saw fierce competition for commercial spaces, with the highest price per square meter reaching approximately 311,000 pounds. • The total proceeds from the auction exceeded 27.67 million pounds, with prices per square meter for the commercial units ranging from 112,000 to 311,000 pounds. • The winning bids included a supermarket, a bakery, a pastry shop, a dry cleaner, a laundry service, and a casual dining restaurant, as well as a kiosk providing public services, for which the annual usage fee in the first year was 800,000 pounds. • The auction results reflect the growing demand for commercial and investment opportunities within Capital Gardens, coinciding with the completion of the city’s service infrastructure.
Surprise: Government Investigates 20 Stalled Real Estate Projects... and Different Solutions for Each Case
Surprise: Government Reviews 20 Stalled Real Estate Projects… Different Solutions for Each Case The relevant government agencies have begun reviewing approximately 20 files on stalled real estate projects, in preparation for determining the mechanisms for handling each project and developing solutions to complete the stalled projects. Engineer Tarek Shukri, President of the Real Estate Development Chamber and Chair of the Economic Committee in the House of Representatives, said that stalled projects will not be handled through a single mechanism; rather, each case will be studied separately based on the reasons for the delay, the status of the land, and the percentage of completion. He explained that in some cases, a new real estate developer may be allowed to step in to complete the project, particularly if the land is already developed and the current developer has been unable to complete the development work. This comes in light of President Abdel Fattah El-Sisi’s directives to monitor real estate projects and ensure compliance with implementation and delivery deadlines, while safeguarding customers’ rights and supporting the stability of the real estate market. 📌 The results of the review are expected to determine the mechanisms for handling each project according to its specific circumstances, ensuring the completion of stalled projects and the protection of the rights of all parties involved.
For 3,200 pounds a month... Own your own unit in New Cairo over 20 years
For 3,200 pounds a month… Own your unit in New Cairo over 20 years The Ministry of Housing is offering residential units as part of the “Iskan Mutawer” project in New Cairo under a rent-to-own program, with sizes up to 57 square meters. Rent starts at 3,200 EGP per month during the first year Payment over 20 years Annual rent increase of 10% Number of units available: 21
Within two months... Egypt is preparing to offer 136 prime plots of land along the Nile Corniche in Cairo and Giza
Within Two Months… Egypt Prepares to Offer 136 Prime Plots Along the Nile Corniche in Cairo and Giza Khaled Siddiq, chairman of the Urban Development Fund, told “Al-Sharq Bloomberg” that preparations are underway to begin marketing prime plots overlooking the Nile Corniche within two months. 136 plots of land are set to be made available to investors Three requests from Gulf investors to acquire land have been received so far A committee comprising representatives from the Cabinet and the Urban Development Fund will receive and review investor requests 📌 The remarks were made on the sidelines of the “InvestGate” real estate conference.
Al-Diyar Al-Qatariya Begins Work on a Massive Tourism Project in Hurghada Spanning 29 Million Square Meters
Al-Diyar Qatar Begins Implementation of a Massive Tourism Project in Hurghada Spanning 29 Million Square Meters Al-Diyar Qatar, the real estate arm of the Qatar Investment Authority, is preparing to take possession of land for an integrated tourism project in Hurghada covering an area of 29 million square meters, equivalent to approximately 7,000 feddans. 📍 The project is located on the Hurghada–Safaga Road, and its 20-year implementation period will begin on the date the land is received. The company aims to launch the first phase of the project before the end of 2026, and has received proposals from Egyptian and Gulf real estate developers to participate in developing parts of the project. The project is part of Al-Diyar Qatar’s expanding investments in the Egyptian market, particularly in tourism and coastal projects.
Nawy_Shares and “CI_Capital” Are Set to Launch Real Estate Investment Funds in Egypt
Nawy Shares and “CI Capital” Set to Launch Real Estate Investment Funds in Egypt 📊 Nawy Shares and CI Capital Asset Management have signed a partnership agreement to establish and manage real estate investment funds, with the aim of making real estate investment opportunities available to a broader range of investors. The new funds will focus on investing in real estate development projects and existing income-generating assets, with the possibility of launching offerings linked to specific real estate projects and opportunities. The partnership combines technology, fractional real estate ownership, and asset management expertise within a regulatory framework governed by capital market rules. “Nawy Shares” includes more than 400 properties across 35 projects by 16 developers, while CI Capital Asset Management’s assets under management reached 183.6 billion pounds as of the end of June 2026. Subscription for the first fund offerings is expected to open in early 2027, following the completion of incorporation procedures and the receipt of regulatory approvals.
"Madinat Misr" and "Zahraa Maadi" Terminate Contract for the Development of 42 Feddans in "New Heliopolis"
#Surprise 🚨 “Madina Misr” and “Zahraa Maadi” Terminate Contract to Develop 42 Feddans in “New Heliopolis” “Madina Misr” and **“Zahraa Maadi”** announced that they have mutually agreed to terminate the contract for the development of two plots of land, with a total area of approximately 42 feddans, in New Heliopolis, east of Cairo. 📌 The two companies had signed the development contract on October 23, 2024, while “Madina Misr” and “Zahraa Maadi” confirmed that they will continue to explore opportunities for future collaboration in land development. 42 feddans… The end of the development contract opens the door to new opportunities for collaboration.