Egypt’s real estate developers discussed new technologies to boost sales, namely the digitalisation of the local property market as a means of regulating the market, in a press conference last week. He added that there must be online information and specific and accurate data about New Urban Communities Authority’s controls for real estate development companies. Mohamed El-Taher, CEO of the Saudi Egyptian Company for Development, highlighted the need to digitise procedures for registering real estate units and lands, as well as primary contracts to facilitate the export and sale of real estate units. He stressed the importance of facilitating real estate registration procedures for foreigners, starting with new cities and New Administrative Capital, and contributing to the legalisation of conditions. Mahmoud called on the Ministry of Housing to establish a window for real estate developer companies that provides a database that includes all projects and lands available for the advancement of the real estate sector.
