The Egyptian real estate sector has demonstrated significant growth, underscored by key figures highlighting its expanding influence on the nation’s economy, Invest-Gate reports.

Egypt’s real estate market size is currently valued at an impressive $50 bn, reflecting the vital role this sector plays in economic development.

Moreover, contributing 18% to Egypt’s Gross Domestic Product (GDP), the construction and real estate sector continues to be a cornerstone of the country’s economy.

Demand for housing units is surging, with an annual increase of 200,000 units, signaling an ongoing need for residential development. Meanwhile, the average annual growth rate for the housing sector stands at 2%.

Regarding sales, property developers recorded $16.5 bn in revenue during 2023. Expectations for H1 2024 are equally promising, with projected sales anticipated to reach $13.4 bn.

These figures underscore the robust growth trajectory of Egypt’s real estate market, which is proving to be one of the country’s most dynamic and resilient sectors. Furthermore, the continuing demand for housing and substantial contributions to the GDP affirms the sector’s importance in Egypt’s broader economic landscape.

Additionally, over 50 real estate entities within the Egyptian market further strengthen the sector’s presence, bolstering investor confidence and positioning Egypt as a key player in the regional property market.

Notably, this upward trend in the property market is expected to sustain momentum as developers, investors, and policymakers focus on meeting the rising demand for residential and commercial spaces nationwide.