Home RSS
Real Estate

North Africa

Egyptian Stocks: Orascom Construction, Talaat Moustafa Decline

Egypt’s benchmark EGX30 Index fell for the second day, decreasing 78.85, or 1.6 percent, to 4,953.53 at the close in Cairo

Egypt indexes rise on returning foreign investors

Egypt's main stocks indexes rose on Wednesday, tracking gains on global markets as foreign investors returned to the market, helping the benchmark index recoup two sessions of losses.

Fourth Egyptian Real Estate and Investment Exh opens in Kuwait

Egyptian Ambassador to Kuwait Taher Ahmed Farahat last Wednesday evening inaugurated the Fourth Real Estate and Investment Egyptian exhibition in the Movenpick Hotel's Noura and Huda Halls. He is also patron of the prestigious event, which concludes later today

Soaring real estate prices shut out Morocco's middle class

Moroccan private company manager Slimane Belhouat has been trying to buy a house for five years. Even with a monthly income of 12,000 dirhams – in a country where the average citizen earns 1,344 MAD each month – he is currently unable to obtain a loan to buy a flat in a decent and quiet area in the capital.

Jeddah's property market offers huge potential

Jeddah's residential sector has been marked with growing demand resulting to acceleration of sales and rental prices in the recent past, according to Colliers International's GCC Real Estate Q2, 2009 Overview released recently.

Sodic to exhibit latest projects in Next Move 2009

Sodic, one of Egypt's leading real estate developers is participating in Egypt's second annual Next Move real estate exhibition to be held from April 28th - May 1st at the Cairo International Conference Centre (CICC).

Real estate downturn boosts Morocco slum clearance

Tom Pfeiffer and Zakia Abdennebi Reuters 27.04.2009
Egyptian shares climb, Talaat Moustafa retreats

Egypt's main stock index .EGX30 climbed almost 2 percent on Sunday, driven higher by retail investors buoyed by gains in international markets.

Children play in Sidi Moumen slum in Casablanca February 20, 2009.

SIDI MOUMEN, Morocco (Reuters) - A slumping world real estate market has given new impetus to Morocco's plans to demolish its shanty towns, where decades of state neglect have bred despair and religious extremism.

Investment in Egypt Property Strong in Face of Downturn

Michael Sutton Write About Property 22.04.2009
Investment in Egypt Property Strong in Face of Downturn

Birthplace to one of the ancient civilizations of the world; it seems Egypt will escape the property market disaster that has engulfed the world. Being one of the major tourist attractions, Egypt accommodates a diverse range of nationalities and cultures every year.

Work like an Egyptian: Egypt's construction opportunities

Mummies, pyramids, chaos, gastroenteritis – dump this list of Egyptian clichés and focus instead on its construction boom. Sophie Griffiths went there to find out more …

Second edition of "Next Move" exhibition to begin on April 28 in Cairo

Orient Planet PR & Marketing Communications 22.04.2009
Second edition of "Next Move" exhibition to begin on April 28 in Cairo

The second edition of the Next Move real estate investment and finance exhibition is set to run from April 28 to May 1, 2009 at the Cairo International Conference Centre. The exhibition, launched last year with great success and praised by real estate investment experts in the Arab world, will put together the biggest companies specializing in the areas of real estate investment, development and finance, and is expected to attract over 30,000 visitors to around 20,000 sqm of exhibition space.

Turkey in limelight at Moscow real estate fair

Turkish real estate companies attracted a considerable deal of attention at the 12th Moscow International Property Show, held at the T-Modul exhibition hall between April 10 and 11.

Property developer’s victims surface in Cairo

The Damac Properties, a Dubai-based developer that has not been doing well in the face of the current global financial crisis, is caught in a new row involving its staggering real estate projects in Egypt after allegedly victimizing a number of investors in the Kingdom, Al-Madinah newspaper reported yesterday.

Egyptian property 'very affordable' for foreign buyers

The north African hotspot of Egypt has been singled out as the ideal destination to make a foreign property purchase during the economic downturn.

Egyptian real estate remains immune to world crisis

The real estate sector in Egypt continues to perform well as there is a large gap between supply and demand, it is claimed.

Investment property in Morocco released with guaranteed returns

A global property sales group has released an exclusive investment offer in Morocco, with homes currently listed at 25 per cent below market value. The north African apartments project is in phase three of a development called Blue Pearl Golf Resort, Saidia, and is close to a ‘David Lloyd’ tennis academy.

East Meets Middle East, Outside Cairo

The New York Times 08.04.2009

Space for Development

Robert Tashima Business Today 07.04.2009
East Meets Middle East, Outside Cairo

When Abdallah Schleifer, a former Cairo bureau chief for NBC News, built his home in this oasis town in 1992, he chose a highly stylized blend of Middle Eastern and Asian design

Space for Development

Real estate development may be slowing in many countries, but the Egyptian market has shown relatively few signs of losing steam. Although dozens of projects have been put on hold across the Middle East, developers have not stepped down from a wide-range of new construction plans in Egypt. The market remains underdeveloped in retail, office space and especially housing, and while somewhat subdued, demand will continue over the next year.

Rezidor Announces the Radisson Blu Resort & Thalasso, Monastir

The Rezidor Hotel Group (STO:REZT), one of the fastest growing hotels companies worldwide, announces the Radisson Blu Resort & Thalasso, Monastir in Tunisia. The existing 280 room-property will be re-branded and operated under the Radisson Blu brand as of November 2009.


Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.