Research
Cairo Living Market Dynamics, Q2 2024
Summary and analysis of the Cairo's current living real estate market conditions.
July 18, 2024
Contributors:
- Faraz Ahmed
- Zenah Al Saraeji
- Ayman Sami
Around 2,200 residential units were completed in Q2, with apartments dominating the additions.
In response to market uncertainties, developers took a cautious approach and selectively launched new projects, managing costs and liabilities.
The outlook for Cairo's residential sector is optimistic, driven by factors such as the Ras El Hekma deal and the partnership between Egypt and the European Union. These developments position Egypt as an attractive destination for foreign direct investment (FDI) and offer potential growth and investment opportunities in the real estate market.
