Edar Magazine Issue # 40 1 4

www.edar.com

Family City is a distinguished project which has surpassed all standards in terms of location, space and payment facilities.

Location: Family City is located in the heart of New Cairo. It has a connection between el Rehab, which is the largest serviced community in the area, and Rd 90, which is the main connection to New Cairo close to the American University and Future University.

Space: There are a variety of spaces offered in Family Land. Units start from 113 square meters and go up to 250 Square meters.

Payment Facilities: There are a variety of ways to facilitate payment to suit different incomes:• Down payment of 10% and the rest in four years without interest. • Down payment of 20% and the rest in five years without interest.

FAMILY CITY

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FAMILY CITY

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FAMILY CITY

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FAMILY CITY

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Editor in ChiefMay Kaddah

DesignersYasmin HamdyMai Shehata

Advertising & MarketingFocus for Media & Advertising

DistributionIsmaeel Khoudeir

Organized & CoordinatedEsraa El TayebMai Shehata

PublisherEdar Real Estate

Art Work & ProductionMediaworx Advertising

[email protected]

GMSamy El Tobgy

PrintingEl Tobgy Print House

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The ChairmanWord Of

Dear Readers,

As winter is approaching, I would like to share with you a nice experience I had this summer. I had the privilege to visit Spain and Tunisia, two important tourist destinations on the Mediterranean. A fact that made me compare and contrast them all the time with Egypt and its sea side resorts. Sharing a common coast line on the Mediterranean, both countries attract a great number of tourists from all over the world, although they don’t have the same clear crystal blue water that characterize the Egyptian northern coast and their sandy beaches are not as attractive.Egypt internationally advertises its charming Red Sea zones, especially Hurghada and Sharm el-sheikh, and hundreds of planes full of tourists depart and land every day throughout the year. Nevertheless, I believe that it is time to start giving more attention to our north coast on the Mediterranean sea.Too facilitate local and international tourism, more attention must be given to developing services and facilities there throughout the year and not only during the summer time. This in turn could generate more revenue.In order to achieve that, however, and for Egypt to let the rest of the world know about this unique zone, we must start with ourselves by opening our houses there in different times of the year and let our yearly vacation plan include this magnificent area.

Sherif Roshdy








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The ChairmanWord Of

Dear Readers,


Sherif Roshdy








[email protected]

GMSamy El Tobgy


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The ChairmanWord Of

Dear Readers,


Sherif Roshdy








[email protected]

GMSamy El Tobgy


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2888

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The ChairmanWord Of

Dear Readers,


Sherif Roshdy

www.edar.com12

The Jungle Project, which is owned by Minas for Touristic Porjects, is considered a new and unique project in the real estate market in Hughada. Its development is based on the previous success of The Jungle in Alexandria. Not only is The Jungle Hurghada located in a distinguished location, but there are different space units offered, each with a matching price and with different installment methods to facilitate payement.The project is spread over an area of 9,000 square meters in the area of Magawish. It contains 178 units, ranging from 30 to 90 square meters. Facilities and services such as swimming pools, spas, restaurants, cafeterias, security, satellite, internet and renting services are offered to all units.The completion of the project is expected to be in the first quarter of 2013.

The Jungle in Hurghada A Residence Beyond any Residence

IN THIS ISSUE

6 Edar News

8 Cover Story

10 Investor`s Talk

12 Market Review

17 Image Listings

22 Amlak 6th of October Listings

28 Amlak - Alex Listings

33 Sakan Listings

39 First Class Listings

45 Style Listings

50 Sea View - Hurghada Listings

54 Bay Investments Listings

62 How To

64 Tips

66 Snapshot

HEAD QUARTERSCity Light building, 1, Makram Ebied St., Nasr City Tel. (+202) 2273 5237 - 2273 5303

ALEXANDRIAEDAR AMLAK 426 El-Horreya Avenue. Roushdy, AlexandriaTel. (+203) 522 1130, (+203) 522 7422Mobile: (+2012) 2388444

HURGHADAEDAR SEA VIEW PROPERTIES Head Office: 30 Lebanon St. MohandseenTel.: (+202) 33443060/70Mobile: (+2019) 0021704Hurghada Office: Touristic Center, Villages Road. Tel: (+2065) 344 2267Mobile: (+2019) 7775 539

MAADIEDAR SAKAN15, rd. 206, Degla, MaadiTel.: (+202) 2516 8348 - (+202) 2521 3528 Mobile.: (+2010) 607 3526 - (+2011) 666 0421 Hotline: 16801

MOHANDISEENEDAR FIRST CLASS1, Adan st., MohandiseenTel. (+202) 3762 1986, (+202) 3335 0928 Mobile: (+2010)0779304 (+2010) 2988993

NEW CAIROEDAR STYLE70 Road 70, El Hay El Tany, Area 6, 5th Settlement, New CairoTel.: (+202) 26177620 - 26177621Mobile: (+2011) 3336606 - (+2011) 3336608

NORTH COASTEDAR NORTH COAST 7, Southern Marina Buildings, Gate No. 4, Marina Tel.: (+2012) 310 0564, (+2010) 523 0700Mobile: (+2010) 8553132

SHARM El SHEIKH EDAR BAY INVESTMENT 2, Aqua Park – El Khazan St., El Hadaba. Sharm El Sheikh Tel.: (+2069) 3665912Mob: (+2012) 7325509

SHOROUK CITY & NEW CAIRO EDAR IMAGE 16, El-Madfa’eya Buildings, Behind city Stars .Ard El-Golf, HeliopolisTel. (+202) 26906784, (+202) 24150448Mobile: (+2016) 5001277

6TH OF OCTOBER CITY EDAR AMLAK El Hay El Moutamiaz, Gamgoum Mall 2, 6th of October City. Tel.: (+2 02) 39121739Mobile: (+2 018) 3333177

Please send your inquires to:

[email protected]

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IN THIS ISSUE

6 Edar News

8 Cover Story

10 Investor`s Talk

12 Market Review

17 Image Listings



33 Sakan Listings


45 Style Listings



62 How To

64 Tips

66 Snapshot












[email protected]

8 66

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IN THIS ISSUE

6 Edar News

8 Cover Story

10 Investor`s Talk

12 Market Review

17 Image Listings



33 Sakan Listings


45 Style Listings



62 How To

64 Tips

66 Snapshot












[email protected]

8 66

12

IN THIS ISSUE

6 Edar News

8 Cover Story

10 Investor`s Talk

12 Market Review

17 Image Listings



33 Sakan Listings


45 Style Listings



62 How To

64 Tips

66 Snapshot












[email protected]

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www.edar.comwww.edar.com 11

Dr. Maged Abdel Azim

Written byDr.Maged Abdel AzimCEO of Edar First Class

Lately the government has taken a series of initiatives in creating a frame work that includes:

1- Complete transparency in decision making and procedures, as well as fairness in giving support to the different projects in providing licenses and permits.

2- Not differentiating between local and foreign investments and providing equality in their rights

3- Respect of the law and achieving quick justice to ensure preservation of rights.

4- Enhancement of self discipline and morality to attract foreign investments.

5-Providing infrastructure projects to attract new investments.

6- Providing a competitive edge such as government support, and tax

exclusion.

7- Speed in terminating procedures, providing needs and protecting investors from threats on their lives or their projects.

Today real estate investment and all industries feeding into it, which are about 90 industries, are important in pushing the economic development wheel. Keeping this branch of the economy active is important to keep the overall economy of the country active, as it is also a means of eliminating unemployment.

Inspecting interactive relations between the different economic sectors in terms of productivity and service providing, revealed that the real estate sector and accompanying public service developments are beneficial to other sectors such as cement, iron, wood, building materials, glass, aluminum, tiles, paint and electric industries. Therefore, the real estate sector is a major factor in keeping other economic sectors alive and in turn that activates the overall economy of the country and reduces unemployment.

Also the law of real estate funding is considered an innovation in Egypt. It aims to activate the real estate economic sector in social, economic and developmental terms. It also aims to fund all other industries and crafts that are related to it. The law also aims to help those wishing to own a residence regardless of their income.

Recently the real estate market has started to recover from its financial difficulties. And that’s because of the real demand that is present for the

market and the fact that there’s no manipulation of prices.

There has also been changes in the real estate development policies, in which the developer would hand units completely finished to its owner to start functioning straight away.

There’s also no doubt that the presence of the Arab investors in the real estate market will activate it and that will lead to the beginning of projects for the high income margin of the society. At the same time there will be no competition for the government in developing housing for the low income margin in society.

Now, the real estate sector is becoming a force pulling behind it more than 80 sectors in different industries that need revitalization and support to increase productivity and employment. Also the contribution of banks ( or lack of) will be of strong influence on how fast the wheel will turn.

The real estate market in Egypt is now highly qualified to compete in an international market. It depends on its good reputation as opposed to other markets, such as Dubai’s, which completely collapsed as a result of the global economic crisis. However in order to compete in an international market and in order to have a potent effect, coordination among the developers of the Egyptian market is needed.

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Edar Real Estate Co. had signed an agreement with Focus for Media & Advertising to market Edar Magazine inside ads.

Edar Real Estate Co. has chose Focus Co. for its huge experience in marketing magazines’ ads, the fact that will positively affect its marketing strategy towards Edar Magazine.

Dr. Maged Abdel Azim, Vice President of Edar Co., had signed the marketing agreement with Mr. Mohamed Fouad, the General Manager of Focus Co. in the presence of Mr. Ahmed Mamdouh, the General Manager of Edar Co. and Mr. Mahmoud El Masry, the Marketing Director of Focus Co.

Marketing Agreement For Edar Magazine Advertisements

www.edar.com www.edar.com 7

EdarReal Estate

Edar held its annual iftar on Monday 6/9/2010 at the Qatameya Club House in Qatameya Heights. Attendees included the company’s board members, employees from the different branches of the company and many of the company’s distinguished clients.

Edar Sea View Properties is preparing to participate in the International Property Show Exhibition that will be held in Moscow on the 12th and13th of November 2010.

This show is considered one of the most important exhibition where real estate companies from all over the world are present to market overseas properties.

This is why Edar Sea View Properties usually cares to be there annually to market some of its unique projects located in Hurghada and Marsa Alam to Russian residence.

in Moscow International Property Show

Ramadan Iftar in Qatameya Club House

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FOREIGNInvestments In EGYPT

Attracting foreign investment in Egypt is a major priority. Not only does it fill a gap in the country’s economic development, but it also acts as a catalyst in merging the country with the international economic movement and opens doors for development and job opportunities.

Egypt has been blessed with riches in so many different fields such as agriculture, industry and mineral extractions. This in turn requires more financing to be able to make use of these riches, especially that there is an abundance of labor. It is therefore in Egypt’s best interest to attract foreign investment in order to supply the development in the different fields, especially Arab investors. Not surprisingly the government has given foreign investments special interest and support in hopes of increasing job opportunities, learning new technology and increasing exports.


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As the lawsuit against the original Madinaty land deal, by engineer Hamdy Fakhrany, was filed, government has yet to reach a decision regarding the legality of the land contract, how Hisham Tal’aat Moustafa obtained it and how a new deal will proceed.

Court rulings declared the land contract or the original Madinaty deal with Tal’at Moustafa illegal because the land was never offered at an auction. On the other hand, the government declared it would sign a deal handing the land back to the Moustafa group based on its right to act in favor of national interest.

Since then many statements have been made. Housing Minister Ahmed El Maghrabi said that the government would not change terms of the revised deal and would take 7% of the project’s completed housing units (as in the original deal). He stated that the financial compensation for the Madinaty land is fair and that the land was priced in accordance with prices in 2004/ 5/6, which were 297 EGP per meter. A note in Al Ahram followed

saying that the project will have additional costs because of electricity and water services.

Although 7% was offered to the government, the extra infrastructure costs associated with the development meant that the government was receiving a bigger percentage of the project’s value, adding up to about 16% of the build up area.

The cabinet, on the other hand, followed with a statement saying it would cancel the contract with the originally estimated 3 billion after a court ruled the deal was illegal, but would reallocate the same land to the firm in a new contract. It also stated that any new contract must not value the land at less than 9.98 billion Egyptian pounds (around 1.75$ billion) but did not specify whether it would keep the 7% rate.

Those statements come with the reassurance of Prime Minister Ahmed Nazeef that no extra expenses will be charged on Tal’at Moustafa group in the new contract.

Meanwhile It is not a secret that the real estate sector lately acted as a magnet to foreign investors. The government has been trying to repeatedly reassure investors, who are worried about the repetition of such cases. In an article published in El Masry El Youm on 27/ 9/2010, statistics indicate that there has been a drop of 70% in real estate developments. Investors are afraid of holes in their contracts will jeopardize their investments as in the case of Madinaty.

What the future of Madinaty is remains obscure, although strong negotiations and court rulings at the end of the day seem to grant The Talat Moustafa Group control over the land. What is clear, however, is that different court rulings resulted in a paralysis in the real estate markets as precedents are being set in breach of contracts. What other big players intent to do still remains to be seen.

The Madinaty Project has been under the spot light since court rulings in the trial of Hisham Tal’at Moustafa took place. As the court received a challenge claiming that the original contract on the land for the scheme was illegal, questions have been raised throughout the real estate market in Egypt.

Written byMay Kaddah

Madinaty:A Real Estate Deal in theSpot Light


As the lawsuit against the original Madinaty land deal, by engineer Hamdy Fakhrany, was filed, government has yet to reach a decision regarding the legality of the land contract, how Hisham Tal’aat Moustafa obtained it and how a new deal will proceed.

Court rulings declared the land contract or the original Madinaty deal with Tal’at Moustafa illegal because the land was never offered at an auction. On the other hand, the government declared it would sign a deal handing the land back to the Moustafa group based on its right to act in favor of national interest.

Since then many statements have been made. Housing Minister Ahmed El Maghrabi said that the government would not change terms of the revised deal and would take 7% of the project’s completed housing units (as in the original deal). He stated that the financial compensation for the Madinaty land is fair and that the land was priced in accordance with prices in 2004/ 5/6, which were 297 EGP per meter. A note in Al Ahram followed

saying that the project will have additional costs because of electricity and water services.

Although 7% was offered to the government, the extra infrastructure costs associated with the development meant that the government was receiving a bigger percentage of the project’s value, adding up to about 16% of the build up area.

The cabinet, on the other hand, followed with a statement saying it would cancel the contract with the originally estimated 3 billion after a court ruled the deal was illegal, but would reallocate the same land to the firm in a new contract. It also stated that any new contract must not value the land at less than 9.98 billion Egyptian pounds (around 1.75$ billion) but did not specify whether it would keep the 7% rate.

Those statements come with the reassurance of Prime Minister Ahmed Nazeef that no extra expenses will be charged on Tal’at Moustafa group in the new contract.

Meanwhile It is not a secret that the real estate sector lately acted as a magnet to foreign investors. The government has been trying to repeatedly reassure investors, who are worried about the repetition of such cases. In an article published in El Masry El Youm on 27/ 9/2010, statistics indicate that there has been a drop of 70% in real estate developments. Investors are afraid of holes in their contracts will jeopardize their investments as in the case of Madinaty.

What the future of Madinaty is remains obscure, although strong negotiations and court rulings at the end of the day seem to grant The Talat Moustafa Group control over the land. What is clear, however, is that different court rulings resulted in a paralysis in the real estate markets as precedents are being set in breach of contracts. What other big players intent to do still remains to be seen.

The Madinaty Project has been under the spot light since court rulings in the trial of Hisham Tal’at Moustafa took place. As the court received a challenge claiming that the original contract on the land for the scheme was illegal, questions have been raised throughout the real estate market in Egypt.

Written byMay Kaddah

Madinaty:A Real Estate Deal in theSpot Light


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IN THIS ISSUE

6 Edar News

8 Cover Story

10 Investor`s Talk

12 Market Review

17 Image Listings



33 Sakan Listings


45 Style Listings



62 How To

64 Tips

66 Snapshot












[email protected]

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www.edar.com12

The Jungle Project, which is owned by Minas for Touristic Porjects, is considered a new and unique project in the real estate market in Hughada. Its development is based on the previous success of The Jungle in Alexandria. Not only is The Jungle Hurghada located in a distinguished location, but there are different space units offered, each with a matching price and with different installment methods to facilitate payement.The project is spread over an area of 9,000 square meters in the area of Magawish. It contains 178 units, ranging from 30 to 90 square meters. Facilities and services such as swimming pools, spas, restaurants, cafeterias, security, satellite, internet and renting services are offered to all units.The completion of the project is expected to be in the first quarter of 2013.

The Jungle in Hurghada A Residence Beyond any Residence








[email protected]

GMSamy El Tobgy


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The ChairmanWord Of

Dear Readers,


Sherif Roshdy








[email protected]

GMSamy El Tobgy


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The ChairmanWord Of

Dear Readers,


Sherif Roshdy








[email protected]

GMSamy El Tobgy


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The ChairmanWord Of

Dear Readers,


Sherif Roshdy








[email protected]

GMSamy El Tobgy


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The ChairmanWord Of

Dear Readers,


Sherif Roshdy

www.edar.com





FAMILY CITY

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FAMILY CITY

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Edar Image5th Settlment - New Cairo

www.edar.com

مساحة األرض

مساحة املباني

الدور

عدد الغرف

عدد احلمامات

New Cairo - Katameya Hills Ref. : 4

VillaFor Sale

Land Area

Building Area

Floor

Bedrooms

Bathrooms

955m2

575m2

3

7

7

Price: L.E 3.500.000

فيالللبيع



الدور

عدد الغرف


New Cairo - Zahret El.Tagamoa Ref. : 1

VillaFor Sale

Land Area

Building Area

Floor

Bedrooms

Bathrooms

350m2

366m2

3

4

4

Price: L.E 1.200.000

فيالللبيع



الدور

عدد الغرف


New Cairo - Bellagio Ref. : 2

New Cairo - Palm Hills Ref. : 8

VillaFor Sale

Ref. :

Ref. :

Ref. :

Ref. :

Ref. :

Ref. :

Price: L.E 2.450.000

فيالللبيع

املساحة اإلجمالية



VillaFor Sale


VillaFor Sale

Ref. :

Ref. :

Ref. :

Ref. :

Ref. :

Ref. :

Price: L.E 4.500.000

فيالللبيع




New Cairo - Dyar Sabbour Ref. : 5

Villa DuplexFor Sale

Ref. :

Ref. :

Ref. :

Ref. :

Ref. :

Ref. :

Price: L.E 2.500.000

فيال دوبلكسللبيع





VillaFor Sale

625m2

425m2

3

5

5

Price: L.E 3.200.000

فيالللبيع

Land Area

Building Area

Floor

Bedrooms

Bathrooms

435m2

345m2

3

5

5

Price: L.E 1.800.000

فيالللبيع



الدور

عدد الغرف


New Cairo - Grand Residence Ref. : 3

VillaFor Sale

Land Area

Building Area

Floor

Bedrooms

Bathrooms

250m2

281m2

3

5

5

Price: L.E 1.250.000

فيالللبيع



الدور

عدد الغرف


Land Area

Building Area

Floor

Bedrooms

Bathrooms

365m2

390m2

3

5

5



الدور

عدد الغرف


Land Area

Building Area

Floor

Bedrooms

Bathrooms

560m2

500m2

3

5

5



الدور

عدد الغرف


Land Area

Building Area

Floor

Bedrooms

Bathrooms

Land Area

Building Area

Floor

Bedrooms

Bathrooms

940m2

600m2

4

6

6



الدور

عدد الغرف


Edar Magazine Issue # 40 1 4

Documents

mediterranean sea

important sea viewinvestors

edaredar sea view properties

city stars

ofoctober city

family cityfamily city

media advertising

charming red sea zones