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.

Fill out this form to download report

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

 

PRIVACY NOTICE

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.

You may also like

MENA | Investor | July 18, 2024 | Hotels & Hospitality

Cairo Hospitality Market Dynamics, Q2 2024

Summary and analysis of the Cairo's current hospitality real estate market conditions.

MENA | Investor | July 18, 2024 | Residential | Living

Cairo Living Market Dynamics, Q2 2024

Summary and analysis of the Cairo's current living real estate market conditions.

MENA | Investor | July 18, 2024 | Retail

Cairo Retail Market Dynamics, Q2 2024

Summary and analysis of the Cairo's current retail real estate market conditions.