Egypt’s top 21 real estate developers double sales to EGP 1.4trn in 2024

Egypt’s top 21 real estate developers achieved record-breaking sales of EGP 1.4trn in 2024, doubling the EGP 701bn recorded in 2023, according to a report by The Board Consulting. However, the market also experienced a sharp increase in reservation cancellations, surpassing EGP 20bn at one of the country’s leading developers. The report attributed this rise to speculative buyers who inflate demand without the financial capacity to complete installment payments.