Expected ROI of residential ESS project in Egypt 2026

Will Egypt's real estate market grow in 2021?

Despite the difficult economic backdrop brought on by the global pandemic, all major Egyptian real estate sectors could grow or remain stable in 2021. There is an increasing demand for residential units in key cities of Egypt, especially Cairo. Government initiatives and upcoming projects are also key drivers of the market.

How big is the Egypt residential real estate market?

The Egypt Residential Real Estate Market size is estimated at USD 20.02 billion in 2024. It is expected to reach USD 33.67 billion by 2029, growing at a CAGR of 10.96% during the forecast period (2024-2029). The market is valued at USD 20.02 billion. There is an increasing demand for residential units in key cities of Egypt, especially Cairo.

How many homes will be built in Cairo in 2022?

An estimated 29,000 units of homes are expected to be completed in Cairo in 2022. Developers will be in high demand for residential properties with the Greater Cairo population expected to double over the next two decades.

How popular is real estate in Egypt?

Real estate in Egypt is popular among locals and foreigners, particularly in Red Sea resort areas. There has been a 49% increase in demand from Russians in Q1 2022 compared to the same period last year. Many people are now choosing to buy real estate in Egypt instead of just renting a vacation home.

Is Egypt a good place to invest in real estate?

The Egyptian real estate sector is a good investment area with property growth rates surpassing 15% in 2021 according to the Ministry of Planning and International Cooperation. The sector has benefited from the uncertainty and instability of regional and global economic challenges.

Will the administrative capital for urban development increase the project completion rate?

The development of the Administrative Capital for Urban Development is likely to have increased the project completion rate by encouraging developers to shorten the time to delivery. Looking ahead, an estimated 29,000 units were estimated to be completed in 2022, with a large proportion of them located east of Cairo.