Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Jones Lang LaSalle releases Q4-2013 Cairo real estate report   Join our daily free Newsletter

MENAFN Press - 17/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) Jones Lang LaSalle, the world's leading real estate investment and advisory firm, has released its fourth quarter (Q4) 2013 Cairo Real Estate Overview report, covering the latest trends in the office, residential, retail, hotel and industrial markets in Cairo, Egypt



The major finding of this report are as follows:



While the Egyptian economy showed signs of improvement in the final quarter of 2013, these have yet to have a positive impact on the real estate market

All sectors of the market remaining at or close to the cyclical trough of their cycle. Prime rents remained stable in most sectors of the market in Q4 2013, although small falls were recorded in the residential and retail markets

Significant levels of new supply entered the retail and residential markets as a number of major projects were completed in Q4. The most signifcant completion was the Cairo City Festival retail mall which opened in November 2013 with the first IKEA store in Egypt


Performance in the hotel sector has remained subdued, as the number of tourists visiting Egypt declined by almost 20% in 2013. This has resulted in a dip in average hotel occupancies in Cairo, that stood at 48% in 2013



Commenting on the findings, Ayman Sami, Head of Egypt Office at Jones Lang LaSalle said: "The more positive sentiment that has resulted in an improvement in many of the leading economic indicators in late 2013, is expected to translate into improved performance in the real estate market in 2014. With stronger tourist arrivals and higher GDP growth, 2014 could mark the beginning of the recovery of the Cairo real estate market, providing that the progress that has been made on the political roadmap during late 2013 is continued.


About Jones Lang LaSalle
Jones Lang LaSalle

 


MENAFN Press




  MENA News Headlines
 Jul 29 2016 - Saudi injects billions in Asia to draw clients for its oilMENAFN
(MENAFN) With crude prices deteriorating by more than half in the previous two years, the Saudis and other oil-rich nations are basically fighting to lock in and guarantee customers, according to the ...

 Jul 29 2016 - Oman's logistics flourish amid steady political climateMENAFN
(MENAFN) the logistics sector in Oman is not projected to be impacted although oil prices continue to fall, on the back of the vast investments being made in ports, airports and roads sectors ...

 Jul 29 2016 - Kuwait supports Niger's infrastructure with major loanMENAFN
(MENAFN) The Kuwait Fund for Arab Economic Development (KFAED) closed USD19.7 million loan arrangement with African Niger to fund a vital transportation scheme.Accordingly, this is the 12th loan ...

 Jul 29 2016 - Ooredoo SSM's sell iTunes, Facebook, Steam, Xbox, Google Play vouchers and moreThe Peninsula
(MENAFN - The Peninsula) Ooredoo and Osool Media officials after signing a partnership agreement. Doha: Ooredoo, in partnership with Osool Media, have today announced the official launch of a ...

 Jul 29 2016 - Diversions on East Industrial Road, Al Mamoura Underpass and service road on D-Ring RoadThe Peninsula
(MENAFN - The Peninsula) Doha: The Public Works Authority (Ashghal) has announced that it will put in place a temporary diversion on part of the southbound lanes of the East ...

 Jul 29 2016 - Petrol prices to go up marginally in AugustThe Peninsula
(MENAFN - The Peninsula) DOHA: Petrol prices will see a 5 dirhams rise in August, according to the new price list issued by the Ministry of Energy and Industry. Both Super grade petrol and ...

 Jul 29 2016 - Qatar- HH the Emir Holds Session of Talks with Argentinian PresidentThe Peninsula
(MENAFN - The Peninsula) Buenos Aires: HH the Emir Sheikh Tamim bin Hamad Al-Thani and President of the Argentine Republic, Mauricio Macri, held a session of official talks on Thursday night ...

 Jul 29 2016 - Qatar- Photo Album: Emir in ArgentinaThe Peninsula
(MENAFN - The Peninsula) if(window.innerWidth < 728){ googletag.display('div-gpt-ad-796530061225000279-1'); } ...

 Jul 29 2016 - Brexit heralds a new era in UK-GCC relations?The Peninsula
(MENAFN - The Peninsula) By Sean Evers You";re landing at New York";s LaGuardia Airport on the 'expressway” approach—it";s called that because you come in low enough to buzz the ...

 Jul 28 2016 - Wagner rips apart rusty ZimbabweThe Peninsula
(MENAFN - The Peninsula) Zimbabwe batsman Hamilton Masakadza runs past bowler Neil Wagner during the first day of the first test match in a series of two tests between New Zealand and hosts Zimbabwe ...

more...


 





Google

Easy Forex

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help