JLL reveals that rents in Cairo’s residential sector are expected to increase in the short term as demand continues to build rise, Invest-Gate reports.

The segment of Grade A office spaces achieves better performance from tenants relocating to new buildings.

The Egyptian government’s efforts to support tourism result in a 122% surge in revenue per available room in Cairo’s hotels.

Consequently, there is an urgent need for the adoption of mitigation strategies in real estate that will help organizations shield themselves from the current scenario.

During an event organized by JLL with the title ‘Thriving in Turbulent Times: Effective Mitigation Strategies for Real Estate Success’, leaders and experts at the real estate sector stress the need for prioritization of measures such as cost optimization through outsourcing services.

They also recommend portfolio diversification and mergers and acquisitions, along with adoption of sustainable developments.

Ayman Sami, Country Head – Egypt at JLL, says: “The industry is not immune to the impact of the current economic challenges, reinforcing the need for industry players to embrace robust mitigation strategies, such as a careful approach to cost and portfolio management, as well as risk allocation, which will enable them to not only better respond to changing market dynamics but also attract the attention of international investors.”

Mohammed Nabil, Head of Projects and Development Services Egypt at JLL, comments: “At a time of economic uncertainty, mapping risk contingencies become extremely critical, and this is where project management consultancies play a paramount role.”