The Cairo Real Estate Market Overview – Q3 2023
Foreign ownership law to propel the performance trajectory of Cairo's residential market.
- Faraz Ahmed
- Zenah Al Saraeji
Aimed at fostering increased inflows of foreign currency and facilitating investments, the Egyptian government approved a new law in July, which permits foreign individuals to own residential properties in the country, offering conditional citizenship and other incentives to buyers. This is expected to attract a higher number of foreign investors, particularly from Gulf nations, who are keen on exploring new investment avenues or acquiring residential properties in Egypt for use as secondary residences or holiday retreats.
Read our latest report for an overview of the office, residential, retail and hospitality sectors in Cairo.