Knight Frank Launches New Office in Cairo: Destination Egypt

To coincide with the launch of their new Cairo office, Knight Frank has launched their inaugural Destination Egypt report, which explores the latest trends and findings in Egypt’s real estate market.

Destination Egypt

Welcome to Destination Egypt, a gateway to the vibrant investment landscape and an exploration of Egypt's thriving residential real estate market, with its current value of sales estimated at US$ 18 billion and a forecasted increase to US$ 30 billion by 2028.

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.