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The Report Covers Egyptian Residential Real Estate Market Statistics and is Segmented by Type (apartments and Condominiums, Villas, and Landed Houses). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.
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Egypt GDP: Real Estate data was reported at 302,141.920 EGP mn in Dec 2024. This records a decrease from the previous number of 312,317.353 EGP mn for Sep 2024. Egypt GDP: Real Estate data is updated quarterly, averaging 43,900.300 EGP mn from Sep 2001 (Median) to Dec 2024, with 94 observations. The data reached an all-time high of 312,317.353 EGP mn in Sep 2024 and a record low of 3,383.500 EGP mn in Sep 2001. Egypt GDP: Real Estate data remains active status in CEIC and is reported by Ministry of Planning, Economic Development and International Cooperation. The data is categorized under Global Database’s Egypt – Table EG.A014: GDP: by Industry: Current Price.
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the Report Covers Commercial Real Estate Market Analysis in Egypt. It is Segmented by Type (offices, Retail, Industrial and Logistics, Hospitality, and Multi-Family) and Key Cities (Cairo, Alexandria, Giza, Port Said, and the Rest of Egypt). the Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.
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The Egypt Real Estate Brokerage Market Report is Segmented by Type (Residential and Non-Residential), Service (Sales and Rental), and City (Cairo, Alexandria, and the Rest of Egypt). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.
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Market Overview Egypt's commercial real estate market is poised for significant growth, driven by a thriving economy and increasing foreign investments. The market size stood at 9.41 million in 2025 and is projected to reach 10.19 million by 2033, exhibiting a CAGR of 10.19%. Key drivers of this growth include rising urbanization, population growth, and government initiatives to attract investments. Key market trends include the emergence of smart buildings, increased demand for flexible office spaces, and the growth of e-commerce, which is driving demand for industrial and logistics properties. Market Segments and Key Players The commercial real estate market in Egypt comprises various segments, including offices, retail, industrial and logistics, multi-family, and hospitality. Major key cities include Cairo, Alexandria, Giza, Port Said, and the Rest of Egypt. Leading companies in the market include Amer Group, Emaar Properties, Palm Hills Developments, Dorra Group, Talaat Moustafa Group, Hassan Allam Holding, The Arab Contractors, Secon Egypt, Orascom Construction PLC, and Rowad Modern Engineering. The government's efforts to enhance infrastructure, ease of doing business, and the availability of skilled labor are further expected to support the growth of the market in the coming years. Recent developments include: December 2022: Egyptian developer Urbnlanes Developments, a subsidiary of Emeel Abdalla Investments, will launch a 3-billion-Egyptian-pound (USD 122 million) commercial project in the 5th Settlement, New Cairo, in the first quarter of 2023, October 2022: Egypt's Afifi Investment Group acquired Uni Sharm Hotel in Sharm El-Sheikh and invested 400 million pounds ($17 million) to modernize the hotel, upgrade it to a 4-star category and introduce commercial and retail elements.. Key drivers for this market are: Increasing tourism is boosting the market, Rapid surge in population is driving the market. Potential restraints include: Rising inflation in the Market restraining the growth, Increasing cost of real estate affecting the growth of the market. Notable trends are: Rise in Demand for Commercial Spaces Across Greater Cairo.
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Egypt Commercial Real Estate Market size was valued at USD 9.41 Billion in 2023 and is projected to reach USD 15.29 Billion by 2031, growing at a CAGR of 10/19% from 2024 to 2031.
Egypt Commercial Real Estate Market: Definition/ Overview
Commercial real estate includes properties utilized for business, such as office buildings, shopping malls, industrial warehouses and hotels. It is unique from residential real estate in that it generates revenue primarily from the leasing or renting out space to businesses. This sector is critical to the economic development of cities because it provides space for retail, corporate and industrial activity.
Companies use commercial real estate to house office spaces, retail outlets and distribution centers. It allows businesses to have a physical presence, which helps them approach customers and clients. It also plays an important part in the supply chain by providing storage and distribution facilities for commodities. It is a key component of modern economies.
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The Egypt residential real estate market is experiencing robust growth, projected to reach a market size of $20.02 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 10.96% from 2019 to 2033. This expansion is fueled by several key drivers. A burgeoning population, particularly within the younger demographic, is increasing demand for housing. Furthermore, economic diversification and infrastructural improvements, including transportation networks and utilities, are enhancing the appeal of various residential areas. Government initiatives promoting affordable housing and foreign investment are also contributing to market expansion. The market is segmented by property type, with apartments and condominiums representing a significant share, followed by villas and landed houses catering to higher-end segments. Major players like Iwan Developments, Emaar Misr, and Ora Developers are shaping the market landscape through diverse projects and innovative designs. While challenges such as fluctuating economic conditions and regulatory uncertainties exist, the overall outlook remains positive, driven by the sustained demand and ongoing developments. The forecast for 2025-2033 anticipates continued growth, albeit potentially at a slightly moderated pace compared to the historical period. Factors such as inflation and interest rates will inevitably influence the market's trajectory. However, the long-term growth prospects remain strong, underpinned by Egypt's demographic trends and the ongoing development of key urban centers. The market is likely to see an increasing focus on sustainable and technologically advanced housing solutions, alongside a diversification of product offerings to cater to various income levels and lifestyle preferences. This will involve greater integration of smart home technologies, energy-efficient designs, and community-focused amenities. The competition amongst developers will intensify, pushing innovation and potentially leading to price adjustments depending on market demand and supply dynamics. Recent developments include: November 2022: Wadi Degla Developments, an Egyptian developer, launched the Club Town new residential project in New Degla, Maadi, South Cairo, for EGP 1.5 billion (USD 61 million). The three-phase project spans 70 acres and includes 550 residential units and a commercial area. Breeze, part of Club Town's Phase I, is expected to be delivered between 2024 and 2026, according to the statement. Between 2022 and 2023, the developer intended to complete more than 1,500 units., October 2022: SODIC, the parent company of Orascom Development Egypt, offered to buy Orascom Real Estate for USD 125 million. In 2021, Abu Dhabi's Aldar Properties and state holding company ADQ purchased a controlling stake in SODIC. The purchase of Orascom Real Estate was expected to further expand their Egyptian real estate business. The offer came as Egypt sought billions of dollars in Gulf investment as it grappled with the financial consequences of the Ukraine conflict, such as rising commodity prices.. Key drivers for this market are: Increasing Private Investment in Real Estate Sector, Growth in the Luxury Housing Market. Potential restraints include: Increase in primary and secondary rents in the market. Notable trends are: Increasing Private Investment in Real Estate Sector Driving the Market.
In the financial year of 2018, the real estate industry contributed about 371.6 billion Egyptian pounds to Egypt's gross domestic product. In that year, Egypt's GDP grew by 3.2 percent.
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The Egypt commercial real estate market is experiencing robust growth, projected to reach a market size of $9.41 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 10.19% from 2019 to 2033. This expansion is fueled by several key drivers. Firstly, Egypt's burgeoning population and expanding economy are driving increased demand for office, retail, and industrial spaces. Tourism, a significant contributor to the Egyptian economy, is boosting the hospitality sector's real estate needs. Furthermore, government initiatives focused on infrastructure development and attracting foreign investment are creating a favorable environment for commercial real estate development. Cairo, Alexandria, and Giza remain the primary hotspots, attracting significant investment and development activity. However, challenges remain. Economic volatility and potential fluctuations in tourism could impact growth. Competition among major players, including Amer Group, Orascom Construction PLC, and Palm Hills Developments, is intense, potentially leading to price pressures. Nevertheless, the long-term outlook remains positive, driven by sustained population growth and economic diversification. The market is segmented by property type (Offices, Retail, Industrial & Logistics, Multi-family, Hospitality) and key cities, offering various investment opportunities. The forecast period (2025-2033) suggests continued growth, particularly within the logistics sector due to increased e-commerce penetration and improved supply chain infrastructure. The segmentation of the market into offices, retail, industrial and logistics, multi-family, and hospitality provides a nuanced understanding of growth dynamics within each segment. While the office and retail sectors are likely to experience steady growth mirroring overall economic activity, the industrial and logistics sector is poised for significant expansion due to increased foreign investment and the burgeoning e-commerce market. The multi-family segment is likely to be driven by urbanization and population growth, while the hospitality sector's performance will depend on the sustained growth of tourism. Geographical variations are significant, with Cairo, Alexandria, and Giza expected to retain their dominance due to established infrastructure and concentrated economic activity. However, strategic investments in other key cities like Port Said, boosted by infrastructural projects and strategic location, are likely to increase their market share within the forecast period. Careful consideration of these factors is crucial for investors and developers navigating the dynamic Egyptian commercial real estate market. Recent developments include: December 2022: Egyptian developer Urbnlanes Developments, a subsidiary of Emeel Abdalla Investments, will launch a 3-billion-Egyptian-pound (USD 122 million) commercial project in the 5th Settlement, New Cairo, in the first quarter of 2023, October 2022: Egypt's Afifi Investment Group acquired Uni Sharm Hotel in Sharm El-Sheikh and invested 400 million pounds ($17 million) to modernize the hotel, upgrade it to a 4-star category and introduce commercial and retail elements.. Key drivers for this market are: Increasing tourism is boosting the market, Rapid surge in population is driving the market. Potential restraints include: Increasing tourism is boosting the market, Rapid surge in population is driving the market. Notable trends are: Rise in Demand for Commercial Spaces Across Greater Cairo.
In the first half of 2023, the real estate industry's out-of-home (OOH) advertising in Egypt dropped by three percent. On the contrary, in 2021, the OOH advertising for the industry significantly grew by around 34 percent. This was the year following the coronavirus (COVID-19) pandemic, and the market was trying to recover from its consequences.
Residential apartments were, on average, more expensive in Sheikh Zayed City. As of 2023, a unit there costs 61,852 Egyptian pounds per square meter (almost 1,998.45 U.S. dollars). The price trend was expected to continue to rise reaching 108,815 three years later. The 6th of October City and New Cairo followed, expected to jump to 83,495 and 74,854 Egyptian pounds per square meter (around 2697 and 2419 U.S. dollars), respectively.
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Egypt Real Estate market research report providing future opportunities, challenges, trends and developments, market size and market share analysis.
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The Egypt real estate brokerage market is experiencing robust growth, projected to reach a market size of $2.45 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 8.20% from 2025 to 2033. This expansion is fueled by several key factors. Increased urbanization and a burgeoning population are driving demand for both residential and commercial properties. Government initiatives aimed at infrastructure development and investment in new urban communities like the New Capital are further stimulating the market. Furthermore, the rise of online platforms and PropTech solutions is enhancing market transparency and accessibility, attracting both domestic and international investors. The market is segmented by property type (residential and non-residential), service type (sales and rentals), and geographic location (Cairo, Alexandria, and the rest of Egypt), offering diverse investment opportunities. Cairo and Alexandria, being the major metropolitan areas, naturally command a significant market share. The competitive landscape is moderately concentrated, with established players like Palm Hills Developments and Amer Group alongside international brands like Sotheby's International Realty and Coldwell Banker competing with a multitude of smaller, local firms. This dynamic interplay of established players and emerging brokerage firms contributes to market vibrancy. The continued growth trajectory is expected to be supported by ongoing economic development and improvements in the overall investment climate. However, potential challenges remain, including economic volatility and fluctuations in interest rates which can influence affordability. Regulatory changes and potential shifts in government policies also bear monitoring. Nevertheless, the underlying fundamentals, such as population growth and infrastructure upgrades, suggest a positive outlook for the Egyptian real estate brokerage market in the long term. The market's strong performance demonstrates its resilience and adaptability in responding to both domestic and global economic fluctuations. The growth is expected to be relatively stable across all segments, but with the residential sector potentially leading growth due to rising population and demand for housing. Recent developments include: May 2024: Sotheby's International Realty, under the leadership of George Azar, Chairman and CEO of Dubai and Saudi Arabia Sotheby’s International Realty, unveiled a novel service tailored for ultra-high-net-worth individuals and multifamily offices. This service offers a comprehensive suite encompassing premier real estate luxury assets like fine art, jewelry, and automobiles alongside holistic wealth management, investment, and legal counsel., April 2024: Marriott International Inc. announced a strategic agreement with Palm Hills Developments to launch The Ritz-Carlton Cairo, Palm Hills. This move underscores Marriott's dedication to bolstering its luxury brand presence in Egypt. Set to debut in 2027, The Ritz-Carlton Cairo, Palm Hills, will boast 150 guestrooms, along with 50 serviced apartments ranging from one to three bedrooms. Nestled in West Cairo, the property will embody The Ritz-Carlton's renowned service and sophisticated design. Envisioned amenities encompass five distinct dining venues, a spa, fitness center, pool, children's club, and cutting-edge meeting and event spaces.. Key drivers for this market are: Population Growth and Urbanization Boosting the Market Demand, Rising Real Estate Prices Across Major Cities; Wealth Accretion in Youth Population; Technological Innovations in the Real Estate Brokerage Industry. Potential restraints include: Population Growth and Urbanization Boosting the Market Demand, Rising Real Estate Prices Across Major Cities; Wealth Accretion in Youth Population; Technological Innovations in the Real Estate Brokerage Industry. Notable trends are: Increasing Investments in Real Estate Development.
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Egypt GDP: Public: Real Estate data was reported at 4,494.063 EGP mn in 2018. This records an increase from the previous number of 3,631.200 EGP mn for 2017. Egypt GDP: Public: Real Estate data is updated yearly, averaging 1,298.000 EGP mn from Jun 2002 (Median) to 2018, with 17 observations. The data reached an all-time high of 4,494.063 EGP mn in 2018 and a record low of 571.700 EGP mn in 2002. Egypt GDP: Public: Real Estate data remains active status in CEIC and is reported by Ministry of Planning. The data is categorized under Global Database’s Egypt – Table EG.A013: GDP: by Industry: Current Price: Annual.
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Egypt GDP: Real Estate: Business Services data was reported at 101,146.660 EGP mn in Dec 2024. This records a decrease from the previous number of 110,622.128 EGP mn for Sep 2024. Egypt GDP: Real Estate: Business Services data is updated quarterly, averaging 13,141.850 EGP mn from Sep 2001 (Median) to Dec 2024, with 94 observations. The data reached an all-time high of 114,053.296 EGP mn in Jun 2024 and a record low of 1,510.100 EGP mn in Sep 2001. Egypt GDP: Real Estate: Business Services data remains active status in CEIC and is reported by Ministry of Planning, Economic Development and International Cooperation. The data is categorized under Global Database’s Egypt – Table EG.A014: GDP: by Industry: Current Price.
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Market Analysis: Egypt Real Estate Brokerage Market The Egypt Real Estate Brokerage Market is poised for significant growth over the forecast period of 2025-2033, driven by urbanization, increasing disposable income, and government initiatives to promote homeownership. In 2025, the market stood at a value of USD 2.45 billion, with a CAGR of 8.20% projected to reach USD 5.26 billion by 2033. The residential segment dominates the market, accounting for 70% of brokerage activities, while non-residential and service segments hold smaller shares. Key drivers of market growth include the ongoing construction of New Capital City, rising demand for luxury residential units, and the increasing number of expats seeking rental properties. Market Trends and Challenges The Egypt Real Estate Brokerage Market is experiencing several notable trends, including the adoption of digital marketing and online platforms. Property technology (PropTech) is transforming the industry, with companies leveraging virtual tours, artificial intelligence, and data analytics to enhance customer experiences. Furthermore, eco-friendly building practices are gaining traction as consumers become more environmentally conscious. However, the market faces challenges such as market volatility, regulatory constraints, and the need for improved infrastructure. To address these challenges, industry players are collaborating with technology companies and government agencies to innovate and enhance market efficiency. Recent developments include: May 2024: Sotheby's International Realty, under the leadership of George Azar, Chairman and CEO of Dubai and Saudi Arabia Sotheby’s International Realty, unveiled a novel service tailored for ultra-high-net-worth individuals and multifamily offices. This service offers a comprehensive suite encompassing premier real estate luxury assets like fine art, jewelry, and automobiles alongside holistic wealth management, investment, and legal counsel., April 2024: Marriott International Inc. announced a strategic agreement with Palm Hills Developments to launch The Ritz-Carlton Cairo, Palm Hills. This move underscores Marriott's dedication to bolstering its luxury brand presence in Egypt. Set to debut in 2027, The Ritz-Carlton Cairo, Palm Hills, will boast 150 guestrooms, along with 50 serviced apartments ranging from one to three bedrooms. Nestled in West Cairo, the property will embody The Ritz-Carlton's renowned service and sophisticated design. Envisioned amenities encompass five distinct dining venues, a spa, fitness center, pool, children's club, and cutting-edge meeting and event spaces.. Key drivers for this market are: Population Growth and Urbanization Boosting the Market Demand, Rising Real Estate Prices Across Major Cities; Wealth Accretion in Youth Population; Technological Innovations in the Real Estate Brokerage Industry. Potential restraints include: Population Growth and Urbanization Boosting the Market Demand, Rising Real Estate Prices Across Major Cities; Wealth Accretion in Youth Population; Technological Innovations in the Real Estate Brokerage Industry. Notable trends are: Increasing Investments in Real Estate Development.
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Egypt Residential Real Estate Market was valued at USD 19.02 Billion in 2024 and is projected to reach USD 43.83 Billion by 2032, growing at a CAGR of 11% from 2026-2032.
Egypt residential real estate includes the building, sale, and leasing of housing units such as apartments, villas, and gated communities that appeal to a wide range of income levels across the country. It is essential to Egypt’s economy due to the country’s increasing urbanization and population expansion, which fuel the demand for low- and middle-income housing. With ongoing urbanization, essential government projects, including the “New Administrative Capital” project, seek to reduce population pressure in Cairo and other large cities.
Egypt’s residential real estate market is expected to increase significantly due to government-backed infrastructure projects, favorable policies, and an expanding middle class.
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The Egypt Condominiums and Apartments market is projected to grow at a CAGR of 11.00% during the forecast period 2023-2033. The market size is expected to increase from $XX million in 2023 to $XX million by 2033. The growth of the market is attributed to the increasing demand for affordable housing, rising disposable income, and government initiatives to promote homeownership. Government initiatives such as the Central Bank of Egypt's (CBE) mortgage program, which provides low-interest rates and long repayment terms, have made it easier for people to purchase homes. Additionally, the government's focus on developing new cities and urban areas has created opportunities for the development of new condominiums and apartments. The key market players include Iwan Developments, ERA Real Estate Egypt, Orascom Development, Coldwell Banker Egypt, ORA Developments, and others. These companies are focused on providing high-quality residential properties that meet the needs of the growing population. Recent developments include: October 2022- ERG Developments (the developer of the residential projects) launched residential project Ri8 in the New Administrative Capital (NAC) with an investment of more than USD 178 million. The project is spread over 25-acre land and consists of 34 residential buildings incorporating 1,063 apartments. This project will be completed in three phases., October 2022- Ora Developers (the company that designs and develops luxury communities) signed an agreement with JLL (a global property developer) to deliver full project management and cost management services on two major projects in Egypt. This project is a residential and mixed-use development spread across 360 feddan between New Cairo and New Capital City, and the project includes the development of 407 residential units.. Key drivers for this market are: Increasing Private Investment in Real Estate Sector, Growth in the Luxury Housing Market. Potential restraints include: Increase in primary and secondary rents in the market. Notable trends are: Apartments Construction Gaining Traction in Egypt.
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In the financial year of 2018, the value generated from traded stocks in the real estate industry in Egypt was highest in the month of March, at around 1.8 billion Egyptian pounds. In that month, the volume of traded real estate stocks was seven billion shares.
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The Report Covers Egyptian Residential Real Estate Market Statistics and is Segmented by Type (apartments and Condominiums, Villas, and Landed Houses). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.