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Wealthy GCC investors targeting Egypt for real estate investments

GCC nationals have been purchasing residential properties in Egypt for an average of around $1.1 million.
11.02.24 | Source: Consultancy me

In recent years, Egypt has garnered substantial attention as a focal point for investments from the Gulf Cooperation Council (GCC). Since 2021, GCC institutions have channeled more than $115 billion into the Egyptian real estate market.

Leading this investment wave is the UAE with investments to the tune of $75 billion, closely followed by Saudi Arabia, which has contributed around $30 billion, according to a survey from consulting firm Knight Frank of wealthy GCC nationals that bought property in Egypt.