The Cairo Real Estate Market – Q2 2022
Cairo’s hotel sector on an upward trajectory in the second quarter
- Khawar Khan
- Faraz Ahmad
- Zenah Al Saraeji
In Q2, the hotel sector in Cairo further turn corners with occupancy rates climbing to 60% in the first five months of 2022, almost double the level as compared to the corresponding period of last year which stood at 32%.
In the residential sector, the increase in overall prices and rentals in the capital was notably driven by the apartment segment. The second quarter saw the completion of approximately 4,000 residential units, bringing Cairo’s total stock to 234,000 units; and in terms of upcoming supply, almost 16,000 units are expected to be delivered in H2 2022.
Read our latest report for an overview of the office, residential, retail and hospitality sectors in Cairo.