Category: Egypt

Egypt re-builds with Qatari property investment

As confidence returns to Egypt, large investment groups have thrown their weight behind the country’s recovery. One such organisation is Qatari Diar, the real-estate arm of Qatar’s sovereign-wealth fund who has announced planned investment of $543.8 million into Egypt’s property market. The Bloomberg news network reported how the investment will be split between projects in… Read more »

Turkey and Egypt lead the CIVETS pack

The Wall Street Journal has recently reported on the positive economic outlook for the rapidly expanding ‘CIVETS’ nations. The group of emerging nations have effectively replaced the BRIC economies, caught the eye of investors, attracted large funds and experienced significant property investment. The performance of the CIVETS is already exceeding the BRIC nations as represented… Read more »

Hilton takes advantage of Egypt tourism with 17th Hotel

Internationally renowned Hotelier Hilton Hotels have opened yet another resort in Egypt. It is the prestigious brand’s 17th establishment in the country which highlights their confidence in Egypt’s growing tourism industry. The global head of Hilton Hotels and Resorts, David Horton commented on Hilton’s position in Egypt. “As the largest international hotel brand in Egypt,… Read more »

Investor attitudes towards Egypt property improve

Investors have become increasingly optimistic about Egypt’s property sector as the government has taken further steps to sure up any concerns over disputes that arose after the departure of Mr Mubarak. The Government have announced that they will resolve any outstanding land bank issues as part of their plan to give better legal protection to… Read more »

Egypt is at the beginning of a Property Boom according to experts

Egypt is showing clear signs that it’s at the beginning of a real estate cycle that will see significant price increases according to experts. Research conducted by Business Monitor International found that property prices and rents are rising at a considerable pace provoked by strong international demand, a rapidly expanding tourism industry and the country’s… Read more »

Egyptian Property stocks gain for a 5th day

Growing confidence in the Egyptian real-estate sector has lead to a 5th consecutive day of positive trading. While nearly all sectors within the EGX30 have experienced growth, property stocks made the strongest gains. Real-estate stocks as a whole gained 4.15% on Sunday, but individually some big developers recorded growth from 5% to in excess of… Read more »

Egypt offers opportunity for property buyers

Egypt has continued to attract savvy investors who are taking advantage of the current exchange rate. Already a widely popular destination for property buyers, a temporary drop in the Egyptian pound has accelerated interest with many set to benefit from what has been described as a rare window of opportunity. Egyptian property has gained significant… Read more »

Tourism returns to normal in Hurghada

Occupancy rates in Egypt’s hotels have returned to pre-revolution levels as tourists regain confidence from the country’s strong political progress. Experts on the ground have highlighted the popular Red Sea Resort of Hurghada as showing particular strength with tourism surging and hotels there recording strong occupancy levels. The Steigenberger Beach Hotel, the Serenity Makadi Heights… Read more »