| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 21.95 Billion |
| Market Size (2030) | USD 36.92 Billion |
| CAGR (2025 - 2030) | 10.96 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Egypt Residential Real Estate Market Analysis
The Egypt Residential Real Estate Market size is estimated at USD 21.95 billion in 2025, and is expected to reach USD 36.92 billion by 2030, at a CAGR of 10.96% during the forecast period (2025-2030).
In August 2024, Egyptian Housing Minister Sherif El-Sherbiny met with Mohamed Sami Saad, Chairperson of the Egyptian Federation for Construction and Building Contractors (EFCBC), to discuss contracting challenges and solutions. El-Sherbiny emphasized the Ministry's commitment to supporting contractors and enhancing work rates on developmental projects.
EFCBC was requested to provide evaluation criteria for assessing contractors based on financial stability and experience. El-Sherbiny also called for improved cooperation to expedite project completion and align with President Abdel Fattah Al-Sisi's urban development goals. Regular meetings with EFCBC were proposed to address ongoing issues and boost project progress.
This effort to refine contractor evaluation and expedite project completion is expected to improve construction efficiency, boost investor confidence, and support growth in Egypt's residential real estate market.
In May 2024, amid high inflation of 32.5% and a weakening currency, Egyptians increasingly invested in real estate to hedge against economic instability, according to industry reports. This growth is fueled by rising demand, especially in Cairo, and government initiatives. The Financial Regulatory Authority of Egypt reported a 355.4% increase in mortgage contracts in January 2024 compared to the previous year, with significant growth in higher-income brackets, reflecting strong investment trends in real estate.
Egypt Residential Real Estate Market Trends
Egypt's Major Real Estate Initiatives to Drive Growth and Investment
In February 2024, Egypt's Ministry of Housing signed two significant agreements with Emirati companies to boost real estate development. The Ministry allocated 157 feddans (162.97 acres) in New Cairo to UDC Real Estate Development, a subsidiary of the UAE's Mohamed Omar Bin Haider Group. This USD 60 billion project, "The Crest," is a large-scale integrated urban development expected to be completed in eight years.
The project's ambitious scope signals a solid commitment to improving the residential landscape in New Cairo, which is likely to attract both local and international investors. This influx of capital is expected to drive property value appreciation and create numerous housing opportunities, stimulating overall growth in Egypt's residential real estate sector.
Additionally, the Ministry signed an agreement with the English company NHMC to develop an integrated medical-educational urban project on approximately 47 feddans (48.79 acres) in El Shorouk City. The USD 300 million project will feature Elysium Medical City, English-language colleges in medicine, nursing, and physiotherapy, a private hospital affiliated with Buckingham University, and a specialized hospital in collaboration with Johnson & Johnson, along with various other facilities such as a sports academy and commercial spaces.
Such developments are anticipated to enhance the area's appeal, increasing demand for residential properties as medical and educational professionals, students, and their families seek housing nearby. Including residential components like villas, apartments, and hotel units within the project will further stimulate local real estate development and attract investment, contributing to the expansion of the residential market in the region.
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Egypt's Vision 2030's Commitment to High-Quality Urban Development
In April 2024, New Plan Developments began delivering units in the Serrano Residence, its first project in Egypt's New Administrative Capital. This development features modern designs, green spaces, fitness centers, and shopping areas, aligning with Egypt's Vision 2030 for urban growth and showcasing New Plan's commitment to high-quality construction. Additionally, the company has completed the Eclat Residence project in Port Said, emphasizing its focus on luxury housing and innovation.
Despite economic challenges, the New Plan's initiatives underscore the increasing appeal of new urban developments and luxury housing, attracting local and international buyers. These efforts significantly advance Egypt's residential real estate sector and support the nation's urban development goals.
Meanwhile, in July 2024, Madinet Masr and Misr Al-Gadida for Housing & Development launched a major co-development project in New Heliopolis City, spanning 491 feddans (509.66). The project will feature luxury apartments, villas, townhouses, and commercial spaces, with an estimated revenue of EGP 194.67 billion (USD 1.32 billion) over 12 years. Madinet Masr has invested EGP 1.1 billion (USD 3.95 billion) and holds a 63.5% stake. This large-scale initiative expands Madinet Masr's presence in East Cairo and aligns with Egypt's sustainable urban development objectives. The project is expected to boost demand for residential properties, attract investors, and contribute to the overall growth of the real estate sector in Egypt.
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Egypt Residential Real Estate Industry Overview
The Egyptian residential real estate market is characterized by fragmentation and intense competition, with a diverse mix of local, regional, and international players vying for market share. Major firms such as Orascom Development Egypt, Connect Homes, Emaar Misr, Avenues Real Estate, and Coldwell Banker Egypt dominate the sector due to their substantial financial resources, extensive experience, and established reputations. These large companies leverage their capital to invest in expansive, high-profile projects, including luxury developments and large-scale residential communities.
The influx of substantial investments in sustainable and eco-friendly residential infrastructure is a significant factor driving the market. With a growing emphasis on environmental sustainability and energy efficiency, developers increasingly invest in green building practices and innovative technologies to attract environmentally-conscious buyers and comply with evolving regulations. This focus on sustainability enhances the appeal of residential projects and aligns with broader national and global trends toward reducing carbon footprints and promoting sustainable living.
Egypt Residential Real Estate Market Leaders
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Orascom Development Egypt
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Ora Developers
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Emaar Misr
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Avenues Real Estate
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Coldwell Banker Egypt
- *Disclaimer: Major Players sorted in no particular order
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Egypt Residential Real Estate Market News
- August 2024: Egypt's "Beit Al-Watan" initiative has attracted USD 7.3 billion in investments, according to Minister of Housing Sherif El-Sherbiny. The initiative, highlighted at the 5th Egyptians Abroad Conference, has completed nine phases between 2012 and 2023 and includes thousands of residential and service plots, along with various residential units, villas, and cemeteries.
- August 2024: New Jersey Developments has launched a USD 1.02 billion residential project named Jamila in Egypt. The project covers 130 feddans (134.94 acres) and is located 263 kilometers from Cairo. The project will feature various residential units, including chalets, duplexes, hotel apartments, studios, standalone townhouses, and villas, all with seaside views ranging from 75 to 217 square meters.
Egypt Residential Real Estate Industry Segmentation
Residential real estate refers to properties designed primarily for housing purposes. This includes various dwellings such as single-family homes, apartments, condominiums, townhouses, and villas. Residential real estate is characterized by its use for living accommodations rather than commercial or industrial purposes. A complete background analysis of the Egypt residential real estate market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends is covered in the report.
The Egypt residential real estate market is segmented by type (apartments and condominiums, villas, and landed houses) and commercial real estate (offices, retail, hospitality, and others). The report offers market size and forecasts for all the above segments in value (USD).
| By Type | Apartments and Condominiums |
| Landed Houses and Villas |
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Egypt Residential Real Estate Market Research Faqs
How big is the Egypt Residential Real Estate Market?
The Egypt Residential Real Estate Market size is expected to reach USD 21.95 billion in 2025 and grow at a CAGR of 10.96% to reach USD 36.92 billion by 2030.
What is the current Egypt Residential Real Estate Market size?
In 2025, the Egypt Residential Real Estate Market size is expected to reach USD 21.95 billion.
Who are the key players in Egypt Residential Real Estate Market?
Orascom Development Egypt, Ora Developers, Emaar Misr, Avenues Real Estate and Coldwell Banker Egypt are the major companies operating in the Egypt Residential Real Estate Market.
What years does this Egypt Residential Real Estate Market cover, and what was the market size in 2024?
In 2024, the Egypt Residential Real Estate Market size was estimated at USD 19.54 billion. The report covers the Egypt Residential Real Estate Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Egypt Residential Real Estate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Egypt Residential Real Estate Industry Report
The Egyptian Residential Real Estate Market is characterized by diverse segments, including apartments, condominiums, villas, and landed houses. The market forecast indicates a positive growth rate, driven by various factors influencing the industry. Industry analysis shows that the market size is expanding, with industry trends pointing towards increased demand and investment in residential properties.
The market outlook suggests a favorable environment for both buyers and investors, supported by detailed market data and industry statistics. Market leaders are capitalizing on these trends, contributing to the overall market growth. The market segmentation provides a comprehensive view of different property types, which aids in understanding market value and potential opportunities.
Industry reports and research companies provide valuable insights and industry information, which are crucial for stakeholders. The industry outlook remains optimistic, with continuous monitoring through market review and industry research. Market predictions and market overview highlight the potential for future expansion and development in the residential real estate sector.
Report examples and report PDFs are available for those seeking in-depth analysis and detailed market forecast. The market value is expected to rise, reflecting the positive industry sales and market growth. This comprehensive market analysis underscores the importance of staying informed about industry trends and market data to make strategic decisions in the Egyptian Residential Real Estate Market.
