Research

The Cairo Real Estate Market – Q1 2023

Ongoing privatization program set to accelerate the overall growth of Cairo’s real estate market in the long run

April 18, 2023
Contributors:
  • Faraz Ahmad
  • Zenah Al Saraeji

Egyptian government’s concerted efforts to support tourism with enhanced connectivity and infrastructure, as well as the announcement of a 5-year visa for 180 nationalities, saw a 34% increase in tourist arrivals in the first two months of 2023 alone. Cairo’s hotel occupancy levels registered 74% in the YT February 2023 compared to 62% during the same period last year, while average daily rates (ADR’s) and revenue per available room (RevPar’s) jumped by 19% and 40% respectively to record to USD 135 and USD 100 over the same period.

Read our latest report for an overview of the office, residential, retail and hospitality sectors in Cairo.

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