Market Size of Egypt Real Estate Brokerage Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.45 Billion |
| Market Size (2029) | USD 3.63 Billion |
| CAGR (2024 - 2029) | 8.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Egypt Real Estate Brokerage Market Analysis
The Egypt Real Estate Brokerage Market size is estimated at USD 2.45 billion in 2024, and is expected to reach USD 3.63 billion by 2029, growing at a CAGR of 8.20% during the forecast period (2024-2029).
- The Egyptian real estate brokerage market operates as a dynamic segment within the country's broader real estate industry. Egypt's real estate industry has been on a steady growth trajectory, fueled by factors such as population expansion, urbanization, and economic development initiatives. This market encompasses a diverse range of properties, spanning residential (apartments and villas), commercial (office spaces and retail units), and tourism-centric (resorts and hotels) offerings.
- Key urban hubs, notably Cairo and Alexandria, stand out as pivotal centers for real estate activities, given their dense populations and economic significance. The ongoing trend of urbanization continues to propel demand for both residential and commercial real estate.
- Egypt remains a magnet for both local and global investors eyeing real estate opportunities, particularly in tourist hubs along the Red Sea coast and historical locales, drawn by the promise of robust rental yields.
- The year 2024 kicked off on a strong note for Egypt's residential sector, witnessing the completion of over 7,000 units, primarily in large-scale master-planned developments. This pushes Cairo's total residential stock to around 276,000 units, with an additional 24,000 units set for completion by year-end. With bolstered cross-border collaborations, heightened foreign investments, and a government push to boost tourism, Egypt's hospitality sector is also on an upward trajectory. The nation aims to host 30 million visitors by 2028, with plans to augment its hotel capacity by almost 250,000 keys. While Q1 didn't witness any major hotel openings, the latter half of 2024 is poised to unveil several new hotels and renovations of existing properties.
- The Egyptian real estate brokerage market stands at the point of significant growth, driven by urbanization, infrastructure enhancements, and ongoing economic reforms. Brokers who adeptly navigate regulatory hurdles, harness technology, and seize emerging prospects are primed to excel in this evolving landscape.
