Destination Egypt

Witnessing a real estate renaissance, Egypt is establishing its position as North Africa's premier destination, with Middle East sovereign wealth funds actively allocating up to US$ 120 billion in the past two and a half years across various sectors. The residential sector alone received a significant allocation of US$ 16 billion, contributing to its thriving growth.

In Q1 2023, 17 projects worth US$ 1.3 billion have already been delivered, while sales value achieved US$ 2.5 billion in the same period. These developments are further enhancing the investment climate and notably attracting affluent investors interested in real estate.

Egypt's Second Home Appeal

Known for its beachfront summer houses overlooking the Mediterranean Sea and the Red Sea, Egypt has made a significant mark in the residential real estate market, attracting both second home buyers and investors alike.

The North Coast and the Red Sea have emerged as highly sought-after destinations for holiday and beachfront properties. With their pristine white sandy beaches and vibrant festivals, these real estate markets have experienced substantial growth over the past decade. It's no surprise that they consistently rank as the most desirable locations, attracting buyers from various regions and different levels of investable assets.

Unveiling the Destination Egypt report:

The inaugural Destination Egypt report coinciding with Knight Frank’s expansion into Egypt, details the aspirations of GCC investors, while also taking a closer look at their budgets, target real estate sectors and preferred investment locations in Egypt. It establishes a direct connection, bridging Gulf investors with Egypt's residential real estate market.

To assess attitudes and preferences, we conducted a survey in partnership with YouGov, gathering insights from 258 GCC nationals with varying personal net worth levels, ranging from US$ 100,000 to above US$ 1 million.