Egypt’s Property Market Emerges Stronger From Arab Spring

Egypt, a country that witnessed one of the worst chaos during the Arab Spring at the dawn of the decade, is witnessing a surge in interest from global property developers and real estate investors looking for bargains.

No country embodied the Arab spring better than Egypt. Protest after protest, weeks long sit in at the Tahir Square and bloody clashes with the army were scenes far too common during the 2011 uprising.

Continued power play over the coming months had its cost and real estate investor avoided the north African country like a plague.

This has however changed in the last three years, says Ayman Sami, head at investment management firm JLL Egypt, who says he’s confident on the growth path the country’s property sector has taken.

“The primary residential real estate market in Egypt remained strong throughout the past three years with some developments witnessing a 30 percent year-on-year increase in selling prices. As confidence returns to the market we are now seeing that Hotels, Retail and Offices are beginning to follow suit,” Ayman, who is also at exhibitor at Cityscape Egypt property event schedule for September, said in a statement.