Egypt is preparing for the biggest budget in the history of the housing sector, ranging between 14-15 billion Egyptian pounds (US$1.8-2 billion), the country’s minister of housing announced Saturday. According to Zawya, Egypt’s Minister of Housing, Moustafa Madbouly has revealed that his ministry is currently working on the first budget for the Social Housing Finance Fund, to be later submitted ...

The all talked about Nigeria’s Eko Atlantic Megacity, which was on February 21, 2013 given the go ahead to begin construction is one of the country’s most promising ground breaking event. Two years on, it is now preparing to house its second building, a luxurious 26-storey skyscraper. The first, a 15-floor Afren Plc Towers which will be the company’s new ...

EAGER to assist real estate professionals in improving the quality and competitiveness of their activities by sharing knowledge, information and business opportunities, the Nigerian chapter of the International Real Estate Federation (FIABCI) has concluded plans to send delegates to the 66th World Real Estate Congress holding at One World Hotel, Kuala Lumpur, Malaysia between May 25-31, 2015. FIABCI is a multi-discipline, networking organization ...

A NEW era is dawning on the real estate sector, especially in the United States, where property developers in conjunction with the authorities are offering investors permanent residency through the EB-5 programme, in addition to the prospect of a good return on projects’ investments. The new trend is being launched for buyers into Marlowe, a 20-storey, 100 residence contemporary tower ...

Afriland Properties Plc announced a profit before tax of N1.74 billion for the year ended December 31, 2014, representing a 311 increase compared to the corresponding period of 2013. Based on the profit, the directors recommended a dividend of N499.6 million, which translates Afriland Properties Grows Profit by 311% to N1.7bn into 40 kobo per share. The dividend was approved ...

The National Inland Waterways Authority (NIWA), last Tuesday, said property owners along the shorelines and other parts of Lagos State should not pay dues and levies to the Lagos State Government. NIWA’s directive came on the heels of a statement credited to the Attorney-General and Commissioner for Justice, Lagos State, Mr. Ade Ipaye, that NIWA had no constitutional authority or ...

The major issue in real estate development and investment is finance. There is no iota of doubt that funding is an important factor in real estate development and investment. The complexity and to a large extent, its capital intensive nature demands proper and adequate funding to make it realizable. The terms and availability of the needed funds determine the trend ...

Shelter being one of the most essential needs for living concerns every being. Therefore, its either you are a tenant or a landlord. As usual on Nigeria Real Estate hub, we try to discuss issues as it concerns us all and create the platform to share your opinions. The topic for today goes thus; ‘How long should you live in a rented ...

According to a global real estate consultancy, Landlords in Dubai are likely to offer rent-free periods as new housing supply comes in putting rents under pressure. Mat Green, Head of Research & Consultancy UAE, CBRE Middle East, in the first quarter ‘Dubai Property Report’, said that the leasing market which has remained stable over the past three quarters is expected ...

A 38-year-old man hacked his elder brother to death at his house in Banaswadi on Wednesday morning before fleeing from the spot. The deceased has been identified as Manjunath (40). He was also a resident in the same area. His brother Madhu (38) is presently at large. Recently the family sold an ancestral property and disputes arose when Manjunath was ...