Ahmed and his wife are looking for a larger house after their small family rose to four instead of only two.
As they become accustomed to the upscale Maadi area where they started their life together, they began searching for a larger home in the same neighborhood.
A group on Facebook displayed pictures of a nice-looking apartment. However, when Ahmed asked about the price he was surprised to find that it was offered for sale in US dollar.
Sales have recently been carried out in Egypt in dollar, amid the rise in the price of the dollar against the Egyptian pound.
This prompted many real estate companies to use futures contracts and increase the price of housing units purchased on an installment basis based on the price of the dollar against the pound at the time of the installment.
Egyptian law prohibits any sales and purchases in dollar or other foreign currencies, because of this having a great impact on the price of the pound in the market.