Knight Frank, one of the world’s leading property consultancies, announced the opening of its first office in Egypt, Invest-Gate reports.
The office is strategically positioned at the intersection of the city’s expanding East and West urban areas in the heart of Cairo in Zamalek.
This move marks Knight Frank’s entry into Egypt’s dynamic real estate market, bringing a wealth of expertise and experience. The firm is dedicated to serving the local real estate industry by offering comprehensive services, including strategic consultancy, marketing, commercial and residential property sales and leasing, property management, and valuations.
Moreover, the Egyptian real estate market is experiencing a boom, fueled by rapid urbanization, a growing population, and a surge in foreign investment. Accounting for approximately 16% of the nation’s GDP, the property sector presents numerous opportunities in residential and commercial domains, making it an exciting and thriving market.
Knight Frank’s team in Egypt comprises seasoned industry professionals who have significantly developed the local real estate sector. Zeinab Adel, a respected real estate investment professional with a strong consulting developer network, has a proven track record of establishing successful strategies for major real estate management firms. Tamer Elfiky, Partner and Head of Operations in Egypt brings extensive experience in business development and marketing to the team.
Commenting on the launch, Zeinab Adel, Partner and Head of Egypt Office, stated, “Egypt’s government is leading the way in further expanding the local real estate market by providing housing opportunities for various socioeconomic segments and instilling confidence in regional investors.”
For his part, James Lewis, Knight Frank’s Middle East Managing Director, expressed his enthusiasm for the expansion into North Africa, stating, “I am delighted that the Middle East region is extending its reach into North Africa and strengthening connections within our broader Africa network,” adding “This expansion is a response to the demands of our clients, who seek our integrated services in this growing and dynamic gateway market.”
Adel and Elfiky understand the Egyptian real estate market and will work closely with clients to deliver tailored solutions. They will leverage Knight Frank’s global network of experts and its reputation for excellence in real estate services.
Notably, Knight Frank is renowned for its exceptional track record and commitment to excellence. The firm has established strong partnerships with prestigious global clients such as Emaar, Aldar, Google, Barclays, HSBC, Panasonic, Samsung, Unilever, and DHL. These collaborations have enabled Knight Frank to successfully navigate the ever-evolving luxury real estate market, consistently providing innovative solutions and remarkable results for its clientele.