Market Watch: Insights and Performance Highlights of Egypt’s Real Estate in 2024
If you’re curious about how the performance and trends of Egypt’s real estate market in 2024, the annual edition of the Market Watch report is just here!
You will have a full overview of the market in 2024, know about its trends and prices, and also how it performed. This quick guide is packed with all the data and insights you need; let’s get into the details!
You will have a full overview of the market in 2024, know about its trends and prices, and also how it performed. This quick guide is packed with all the data and insights you need; let’s get into the details!
Market Prospects
• The number of ongoing real estate projects in Egypt increased from 592 in 2023 to 691 in 2024, marking a 17% rise. The total investment value surged from $305.8 billion to $517.65 billion, reflecting a 69% increase. Meanwhile, the volume of launched projects in 2024 increased by 22.4%, with 71 projects launched compared to 58 projects in 2023.
• The public sector leads in total investment, contributing 57.4% of total real estate investments, largely driven by a collaboration between the New Urban Communities Authority (NUCA) and Abu Dhabi Development Holding. This partnership significantly reshaped the market, with a single mega project increasing the government’s share of total investment from 31% in 2023 to 57.4% in 2024.
• The government’s share of total project volume declined from 14% to 11.9% as the private sector expanded, recording 605 projects compared to 512 in 2023. This shift underscores the difference in investment scale, with the average private sector project valued at $362 million, while public sector projects average $3.62 billion, reflecting the government’s emphasis on large-scale developments.
• The public sector leads in total investment, contributing 57.4% of total real estate investments, largely driven by a collaboration between the New Urban Communities Authority (NUCA) and Abu Dhabi Development Holding. This partnership significantly reshaped the market, with a single mega project increasing the government’s share of total investment from 31% in 2023 to 57.4% in 2024.
• The government’s share of total project volume declined from 14% to 11.9% as the private sector expanded, recording 605 projects compared to 512 in 2023. This shift underscores the difference in investment scale, with the average private sector project valued at $362 million, while public sector projects average $3.62 billion, reflecting the government’s emphasis on large-scale developments.
