Against all odds and despite the remote work shift the world has witnessed in the past two years, demand on commercial and administrative units in the Egyptian real estate market has skyrocketed, especially across new cities despite uncertainties. Invest-Gate digs deep into this market drive as it is deemed a new market niche for investment opportunities
Antoine El Khoury, Managing Director of TAMEER, is an international real estate investment professional with 33 years of experience globally. He is a strong believer in the future of institutional real estate investment in Egypt. In his speech at the cityscape conference Egypt in September 2021, he shared a number of principles that are being implemented by TAMEER. This new approach to real estate aims to align the practice in Egypt with the mindset of institutional investors and put Egypt on the global investment map. We have had a conversation with him, on the margin of cityscape conference, where he shared his thoughts about real estate and investment.
For decades, Egyptians have lived in clutter, where their houses, essential services, and transportation were haphazardly close; therefore, to transform their lives or to relocate and encourage them to move to the capital outskirts or to new cities- that are far from finished and not self-sufficient- remains a challenge today.
The New Egyptian cities are just a reflection of the modern vision that some people currently adopt. Living outside the crowded capital has become the trend indeed but is this drift related to the inhabitant's age? Invest-Gate explores this trend and which age group it appeals to.
Looking forward to 2020 and beyond, Invest-Gate reaches out to a panel of Egypt-based real estate developers to identify the extent to which this year's realty sector stands in stark contrast to previous periods amidst the COVID-19 outbreak, attempting to determine what could the 2021 property market have in store.
The Egyptian urban development plan does not limit only to buildings in new cities far from the center. But also, it is a promising plot to improve the livelihood of Egyptians in all aspects. Establishing mega projects means as well as business opportunities, jobs, and investments.
For the property sector, uncertainty began to color new market sentiment amid the rising COVID-19 unknowns, thereby making some clients puzzle over home buying and turn to rental options instead. This prompted Invest-Gate to probe if potential customers are reconsidering purchasing and are better off sticking with renting residential units as the Coronavirus-induced slump takes hold, asking real estate professionals to get to the bottom of the matter and map out the prevailing market conditions.
Amid plans of establishing new cities, the Egyptian government remains keen on developing old ones, especially Cairo, and returning it to its past glory of the 20th century. Invest-Gate displays the latest developments the government undertook in Cairo to give you the current complete picture of its latest renovations. Cairo is going back to its glorious days of the early 20th Century in the very near future.
Setting complex and challenging goals is like making a New Year’s resolution to be on the dot; there are always shortcomings and break-offs to attain these touchdowns. Hence, by venturing to pass timely judgment on the emerging policies and structures, Invest-Gate undertakes a pulse check on the state’s hits and misses on the real estate front, along with the subsectors, during the current year.
President Abdel-Fattah El-Sisi inaugurated on December 3 a diverse range of national projects in Damietta Governorate, varying between hospitality, industrial, residential, and infrastructure developments. Invest-Gate sums up some of the most important bits of the leader's fruitful day.
