The expansion of Cairo to the east and west of the downtown area has been going on for decades, to varying degrees of success. This growth has long appealed to Egyptian government officials looking for ways to relieve some of the pressure placed on the densely populated city’s ageing infrastructure. According to the most recent data available...
Recent macroeconomic trends – particularly the depreciation of the Egyptian pound and the foreign currency shortage – reflected both positively and negatively on Egypt’s real estate market throughout 2016, resulting in mixed results and predictions across the sector. The situation was felt across all sectors, but it had a particular impact on the real estate market. On the one hand, investment...
While Egypt continues to face considerable economic challenges as it confronts the legacy of its recent political history, at the outset of 2017 the nation’s economic planners have reason for optimism.
The prolonged dip in oil prices and associated government spending cutbacks have continued to weigh on real estate markets, though Abu Dhabi has remained resilient entering 2017.
With leasehold ownership regulations for foreign nationals in place and property more competitively priced than in Dubai, Sharjah is set to succeed in attracting significant international investors to its real estate sector. Until the recent global financial crisis, Sharjah’s rules prevented anyone who was not an UAE national from owning real...
It is difficult to overstate the importance of real estate to Sharjah – along with business services, real estate accounts for 21% of the emirate’s economic activity, with residential real estate forming a large chunk of that. While prices have fluctuated over recent years, and dropped in 2016, occupancy rates have remained at almost 100%,...
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