The Cairo Real Estate Market Overview – Q2 2023

Residential sales prices soar as buyers continue to lean on real estate as a hedge against devaluation

July 14, 2023
  • Faraz Ahmed
  • Zenah Al Saraeji

The rental market within the residential sector continued to witness healthy levels of demand in Q2 2023, which resulted in rental rates increasing by 19% and 17% in 6th October and New Cairo, respectively, on an annual basis. Rents in New Cairo increased at a slightly slower pace as it offers a higher supply quantum than 6th October. Moreover, several reputable developers strived to complete projects on time to maintain strong customer relationships and improve investor confidence, over 6,000 units were handed over during the second quarter, increasing the total residential stock to around 255,000 units. Read our latest report for an overview of the office, residential, retail and hospitality sectors in Cairo.

Fill out this form to download report

There was an error submitting the form. Please try again. 



Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.