Egypt’s residential sector leads 2024 project awards, valued at $2.4bn

After facing a challenging beginning to 2024, Egypt is projected to see its GDP growth accelerate to 4% in 2025. This is expected to be driven by easing inflation, improved currency stability, and ongoing public sector reforms, according to JLL’s Middle East and Africa (MEA) Market Review and Outlook for 2025.

Supporting this positive outlook are predictions for inflation to slow from 28.3% in 2024 to 17.8%, alongside a surge in foreign direct investment (FDI), particularly from GCC countries. This influx of capital and global confidence is expected to significantly boost Egypt’s real estate sector, highlighting optimism about the country’s economic potential and property market, JLL reports.

Ayman Sami, Country Head of JLL Egypt, commented: “Despite the economic turbulence and policy tightening, Egypt’s real estate market is on an upward trajectory. The reduction in inflationary pressures, coupled with rising foreign investment and improved stability of the Egyptian pound, is reigniting investor interest. In 2025, Cairo’s residential and hospitality segments are expected to be the main drivers of growth, supported by government efforts to enhance the investment environment.”