The report highlighted $120 billion worth of awarded construction contracts in Egypt, with an additional $565.5 billion in the pipeline, driven largely by rising foreign direct investment from Gulf Cooperation Council (GCC) sovereign wealth funds.
“Egypt’s transformation into a regional real estate powerhouse is well underway,” said Faisal Durrani, partner and head of Research for MENA, at the report’s launch.
He pointed to Abu Dhabi’s ADQ-backed $35 billion North Coast super-city (170 million sqm), the $1 billion Grand Egyptian Museum, and record-breaking tourism inflows of 15.8 million visitors in 2024 as signs of strong momentum.
Residential growth
Knight Frank’s survey of 264 high-net-worth individuals (HNWIs) across the GCC, Europe, and the US showed $1.4 billion in targeted private capital for Egypt’s residential sector.
Greater Cairo alone has 244,000 homes available across 155 projects, with 30,830 units set for delivery in 2025, up 29 percent from 2024.
Property values continue to surge, particularly in Sheikh Zayed, where prices have jumped 24.7 percent since January 2024 to $1,964 per sqm.
“We are tracking 104 projects slated for completion in 2028-2029, compared with just eight projects annually in 2026-2027, pointing to short-term supply constraints that could push prices higher,” said Zeinab Adel, partner and head of Egypt.
New Zayed and New Cairo remain the most expensive submarkets, with villas in New Cairo averaging $3,270 per sqm. Buyer-friendly financing, average down payments of 7.2 percent and repayment periods stretching up to 8.5 years, is further fuelling demand.
Investment appetite
Residential remains the top target sector for Saudi and Emirati HNWIs, though demand for offices has more than doubled since 2023.
The New Administrative Capital (NAC) continues to dominate investor interest, with 56 percent of Saudis and 34 percent of Emiratis identifying it as their prime destination.
Coastal properties are also a major draw, with half of global HNWIs eyeing Egypt as a second-home market.
Office boom
Cairo’s office market is set to expand by 82 percent by 2030, with New Cairo accounting for the bulk of new supply. Sale prices have reached $5,650 per square metre, with premium spaces topping $9,600.
“An increasing number of multinationals are choosing Egypt as their regional base, with operational costs 50–60 percent lower than in Europe or North America,” Adel noted.
Demand is being driven by outsourcing and back-office hubs, with Deloitte and PwC among global firms expanding in the capital.
Egypt’s construction sector grew by 20 percent in 2024, attracting EGP 56 billion (over $1 billion) in new investments and indicating rising investor confidence.
Egypt’s real estate market is projected to reach a value of $1.58 trillion by 2025, driven primarily by the residential sector, which is expected to account for $1.18 trillion of the total, according to industry forecasts from Statista.
The market is anticipated to expand at a compound annual growth rate (CAGR) of 6.91 percent between 2025 and 2029, pushing its overall value to $2.07 trillion by the end of the period.
In a global comparison, the United States is expected to remain the world’s largest real estate market, with an estimated $136.6 trillion in 2025.
Egypt’s strong performance reflects rising demand underpinned by foreign investor appetite, supported by steady economic growth and government-led initiatives aimed at boosting the sector’s competitiveness.
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