You want to start working as a property broker in Cairo. Which body keeps the official registry that real estate brokers must join before practising?
- The New Urban Communities Authority (NUCA)
- The Real Estate Publicity Department (Shahr Aqary)
- The General Organization for Export and Import Control (GOEIC)
- The Financial Regulatory Authority (FRA)
Law 120 of 1982, as amended by Law 21 of 2022, makes registration compulsory for real estate brokers, and GOEIC, under the Ministry of Investment and Foreign Trade, runs the registry. NUCA allocates land in new cities and Shahr Aqary registers titles, but neither licenses brokers.
GOEIC, President's remarks on registering real estate brokers and marketers (2025-11) A colleague asks which text set the broker types and categories for the GOEIC registry. Which one is it?
- Ministerial Decision 578 of 2025, in force since 18 January 2026
- Law 230 of 1996 on non-Egyptian ownership
- Prime Minister Decree 2184 of 2022 on developers
- Law 164 of 2025 on old rent contracts
The Minister of Investment and Foreign Trade issued Decision 578 of 2025 in December 2025. It was published in the Official Gazette on 17 January 2026 and took effect the next day. It sets four broker types (seller, buyer, dual, rental) and four categories, A to D.
Property Finder Egypt, Egypt's new real estate brokerage law (GOEIC) (2026-07) Your new agency plans to broker villa deals worth more than EGP 100,000,000 each. Under Decision 578 of 2025, which category and minimum capital apply?
- Category B, EGP 500,000
- Category A, EGP 1,000,000
- Category C, EGP 50,000
- Category A, EGP 10,000,000
Category A covers deals above EGP 100,000,000 and needs a minimum capital of EGP 1,000,000. Category B (above EGP 50,000,000) needs EGP 500,000. The capital can be held in EGP or foreign currency at the Central Bank of Egypt rate on the application date.
Property Finder Egypt, Egypt's new real estate brokerage law (GOEIC) (2026-07) You work alone and only sell apartments worth up to EGP 10,000,000. Which GOEIC category fits you, and what is its minimum capital?
- Category C, EGP 50,000
- Category D, EGP 50,000
- Category C, EGP 20,000
- Category D, EGP 20,000
Category D covers deals up to EGP 10,000,000 with a minimum capital of EGP 20,000. Category C starts above EGP 10,000,000 and needs EGP 50,000. Pick the category from the deal sizes you intend to handle, not from your current listings only.
Property Finder Egypt, Egypt's new real estate brokerage law (GOEIC) (2026-07) An agency in Sheikh Zayed mostly handles resale apartments between EGP 12,000,000 and EGP 40,000,000. Which category matches these deals?
- Category C, minimum capital EGP 50,000
- Category B, minimum capital EGP 500,000
- Category D, minimum capital EGP 20,000
- Category A, minimum capital EGP 1,000,000
Category C covers deals above EGP 10,000,000, while Category B only starts above EGP 50,000,000. If the agency later targets deals over EGP 50,000,000, it must move up to Category B and raise its capital to EGP 500,000.
Property Finder Egypt, Egypt's new real estate brokerage law (GOEIC) (2026-07) What must an individual complete first, before booking a GOEIC branch appointment to register as a broker?
- A university degree in real estate
- The GOEIC Real Estate Brokerage Practice training, with its final assessment passed
- Two years as a sales employee at a registered developer
- A licence exam at the Real Estate Publicity Department
The law requires a specialised training course, which includes reading maps and plans. GOEIC runs it online over 3 days (12 hours) for EGP 1,500, and you get the certificate only after passing the final assessment. Then you book an appointment, file documents and collect your registered broker card.
Property Finder Egypt, Egypt's new real estate brokerage law (GOEIC) (2026-07) You joined the 3 day GOEIC broker training but must miss part of it for a closing. What is the minimum attendance you need to stay eligible for the certificate?
- 50% of the training hours
- 100%, no absence allowed
- 80% of the total training hours
- Attendance does not matter if you pass the test
GOEIC requires at least 80% attendance of the total training hours plus a pass in the final assessment. Fees are not refunded, and a postponement request must reach GOEIC at least 15 days before the start date.
Property Finder Egypt, Egypt's new real estate brokerage law (GOEIC) (2026-07) A Jordanian friend who has lived in Cairo for years wants to register in his own name as a real estate broker. What does the law say?
- He can register once he holds a work permit
- He can register if he holds Egyptian residency for 5 years
- He can register in Category D only
- Individual brokers must be Egyptian nationals, and a naturalised Egyptian must have held the nationality for at least 10 years
Article 3 bis of Law 120 of 1982 requires an individual applicant to be an Egyptian national, with at least ten years since naturalisation for naturalised citizens. Residency or a work permit does not replace this condition.
Andersen Egypt, English translation of Law No. 120 of 1982 (as amended) (2026-09) An employee of a governorate housing department wants to register as a broker on the side. Can he?
- No. Government and public sector employees cannot register, and former employees must have left at least two years earlier
- Yes, if his manager gives written approval
- Yes, but only in the rental broker type
- Yes, as long as he does not sell units in his own governorate
Law 120 of 1982 bars government, local unit, public authority and public sector company employees from registration, with a two year wait after leaving service. GOEIC also lists members of parliament and the Senate among those who cannot work as brokers.
Andersen Egypt, English translation of Law No. 120 of 1982 (as amended) (2026-09) Your brokerage's commercial registration comes up for renewal in 2026. What will the registry ask for that it did not ask before?
- A NUCA land allocation letter
- Proof that the brokerage is registered in the GOEIC broker registry
- A bank guarantee of 5% of last year's sales
- A certificate from the Real Estate Publicity Department
Brokers cannot obtain or renew a commercial registration listing real estate brokerage without proof of registry membership, and Tax Authority Circular 2 of 2020 also asks brokerage taxpayers for that proof. Registration with GOEIC therefore comes first.
Property Finder Egypt, Egypt's new real estate brokerage law (GOEIC) (2026-07) A buyer offers to pay your EGP 80,000 commission in cash at the signing. What does the brokerage law allow?
- Cash is fine if you give a receipt
- Cash is fine up to EGP 50,000
- Commission must be collected by non-cash means, and any cash payment above EGP 10,000 is prohibited
- Cash is fine if the seller agrees in writing
Article 12 bis B of Law 120 of 1982 requires non-cash collection of commissions and bans cash payments above EGP 10,000. Breaking it costs a fine of 2% to 10% of the cash amount, up to EGP 1,000,000. Ask for a bank transfer or a cheque.
Andersen Egypt, English translation of Law No. 120 of 1982 (as amended) (2026-09) Someone keeps brokering apartments in New Cairo without registering with GOEIC. What is the maximum penalty under Article 16 of Law 120 of 1982?
- A fine of EGP 10,000 to 50,000 only
- Up to two years in prison and/or a fine of EGP 50,000 to 1,000,000, plus a possible ban and closure
- A warning letter, then a fine of EGP 5,000
- Up to seven years in prison and a fine of twice the commissions
Unregistered practice carries up to two years of imprisonment, a fine of EGP 50,000 to 1,000,000, or both, and the court may ban the person and close the office for up to two years. The EGP 10,000 to 50,000 fine applies to paperwork breaches such as a missing written contract.
Andersen Egypt, English translation of Law No. 120 of 1982 (as amended) (2026-09) A landlord in Maadi tells you a handshake is enough to start marketing his flat. What does the law require for your brokerage contract?
- Nothing in writing until a buyer is found
- A WhatsApp confirmation with the agreed commission
- A contract notarised at the Real Estate Publicity Department
- A written contract with set data, such as both parties' national ID numbers, your commercial register and tax details, the property and the payment method
Article 12 bis of Law 120 of 1982 requires a written brokerage contract containing specified data, including the payment type, method, date and amount. Working without it can cost a fine of EGP 10,000 to 50,000.
Andersen Egypt, English translation of Law No. 120 of 1982 (as amended) (2026-09) GOEIC inspectors visit your office. Besides your registration, what record must every registered broker be able to show?
- A register of the transactions you handled, with copies given to the contracting parties
- Only the list of current listings on portals
- Bank statements of your clients
- The title deeds of every property you marketed
Article 11 bis obliges brokers to keep a register of their transactions, hand it and related documents to the ministry on request, and give copies to the parties. GOEIC stresses that brokers must record all deals and sales contracts.
Andersen Egypt, English translation of Law No. 120 of 1982 (as amended) (2026-09) Your buyer has signed a preliminary (primary) sale contract with the seller and paid in full. When does ownership legally pass to him?
- When the full price is paid
- When the developer hands over the keys
- When the sale is registered with the Real Estate Publicity Department (Shahr Aqary)
- When the broker signs as a witness
In Egypt, registration is a condition for transferring property rights, between the parties and against third parties. A primary contract gives the buyer a claim against the seller, but the registered contract is what makes him the owner on record. Many units still trade on primary contracts, so check the title chain.
Andersen Egypt, Real estate property registration (2023-10) Under Law 230 of 1996, as written, what limits apply to a foreign individual buying homes in Egypt?
- One property, up to 1,000 sqm
- No limit outside Cairo
- Up to five properties, any size
- Up to two properties for residence, each up to 4,000 sqm
Article 2 limits non-Egyptians to two properties across the country, for the private residence of the owner and family, each no larger than 4,000 sqm and not a listed antiquity. The Prime Minister can grant exemptions, and a 2023 Cabinet decision eased the two-unit cap for buyers paying in foreign currency.
Andersen Egypt, English translation of Law No. 230 of 1996 (2026-08) A German client bought a flat in Zamalek last year and now wants to sell it. What does Law 230 of 1996 say?
- He can sell any time after registration
- He cannot transfer it for five years from acquisition, unless the Prime Minister allows it
- He must wait two years
- He can only sell to another foreigner
Article 5 bars non-Egyptians from disposing of the property for five years from acquisition, with a possible Prime Minister exemption. A sale breaching the law is void and cannot be registered, so check the purchase date before taking the listing.
Andersen Egypt, English translation of Law No. 230 of 1996 (2026-08) An Italian couple want a freehold villa in South Sinai. What should you tell them?
- Freehold is open to them like anywhere else in Egypt
- Freehold is open if they pay in US dollars
- Ownership in North and South Sinai is reserved for Egyptians, and foreigners can hold a usufruct right instead
- Freehold is open only in Sharm El Sheikh
In North and South Sinai, real estate ownership is restricted to Egyptians. Non-Egyptians can take a usufruct (a long-term right to use) over the land and own the buildings on it, but not the land itself.
Andersen Egypt, Regulating real estate ownership for non-Egyptians (2024-01) A Saudi investor wants to buy four apartments in a New Cairo compound. What did the Cabinet change in July 2023 that matters here?
- Foreigners no longer face the two-unit cap when they pay in foreign currency
- Foreigners can buy unlimited units if they pay in EGP
- Foreigners must buy through an Egyptian company
- Foreigners can only buy in the New Administrative Capital
In July 2023 the Cabinet lifted the limit of two residential units for foreigners, on condition that the purchase is made in foreign currency. Get the payment route right from the start, because an EGP payment does not benefit from the change.
Business Today Egypt, Egypt eases restrictions on foreign real estate ownership, now requires FX for payment (2023-07) A client asks which property investment level was set in 2023 for a 5 year renewable Egyptian residence permit. What is it?
- USD 50,000
- USD 100,000
- USD 400,000
- USD 200,000
The scheme launched in 2023 links residence to property value: USD 200,000 for 5 years, with lower tiers for shorter permits. The permit lasts while the investment is kept. Tell the client to confirm the current terms with the Passports, Emigration and Nationality Administration before buying.
IMI Daily, Egypt's new residence by investment program (2023-07) Your seller sells his apartment in Nasr City. Who pays the 2.5% real estate disposal tax, and on what?
- The buyer, on the registered value
- The seller, on the gross sale value, with no deductions
- The seller, on his profit only
- Buyer and seller, half each, on the gain
The 2.5% tax under the Income Tax Law falls on the person disposing of the property, on the total disposal value, whether the contract is registered or not. Since Law 151 of 2026 (in force 29 July 2026) it is due within 60 days of the sale, up from 30, and late payment adds a fine.
Andersen Egypt, Tax on real estate disposition (2021-06) The 2026 amendments to the Real Estate Tax Law raised the exemption for a family's main home. What is the new threshold?
- Net annual rental value of EGP 100,000
- Net annual rental value of EGP 24,000
- Market value of EGP 2,000,000
- Every home is now exempt
The amendments to Law 196 of 2008 exempt one main family residence with a net annual rental value up to EGP 100,000 (about EGP 8,000,000 in value), up from the old limit. Second homes and holiday units stay taxable at 10% of the net rental value.
Daily News Egypt, Only 2 million of Egypt's 55 million properties liable for tax after amendments (2026-02) An investor wants to buy a downtown Cairo building full of old rent tenants. Under Law 164 of 2025, how long do the residential old rent contracts last?
- They ended immediately in August 2025
- Ten years for all units
- A seven year transition for residential units, five years for non-residential
- Until the death of the current tenant
The 2025 reform, published on 4 August 2025, sets a seven year transition for residential units and five years for non-residential ones. After that, leases fall under the Civil Code. Price the building with that timeline in mind.
JURIST, Egypt's rental reform: balancing property rights and social justice (2025-12) During the old rent transition, how is a residential rent in an area classified as prime adjusted?
- Doubled, then fixed
- Multiplied by 10, minimum EGP 250 a month, no yearly rise
- Set at market rent from the first month
- Multiplied by 20, minimum EGP 1,000 a month, then raised 15% each year
Prime areas move to 20 times the old rent with a EGP 1,000 monthly floor, middle areas to 10 times with EGP 400, and economic areas to 10 times with EGP 250. All rise by 15% a year during the transition.
Egyptian Streets, President El-Sisi ratifies amendments ending old rent arrangements (2025-08) A cash buyer cannot explain where his money comes from, and you report it as suspicious. He later asks if you reported him. What does the AML law say?
- You must tell him, as he has a right to know
- You must not tell him: tipping off about a report is prohibited, and records must be kept at least five years
- You can tell him once the deal is cancelled
- You only report deals above USD 15,000 anyway
Law 80 of 2002 covers real estate brokers handling sales and purchases. Suspicious transactions go to the AML unit at the Central Bank of Egypt whatever the amount, disclosing the report to the client is prohibited, and records are kept for at least five years.
Andersen Egypt, English translation of Law No. 80 of 2002 (AML) (2025-10) Roughly how far from central Cairo, and in which direction, is the New Administrative Capital?
- About 45 km west, towards Alexandria
- About 45 km east, towards Suez
- About 120 km south, near Fayoum
- About 15 km north, next to the airport
The New Administrative Capital sits about 45 km east of Cairo, between the Cairo-Suez and Cairo-Ain Sokhna roads. That is why New Cairo and Mostakbal City, on the same eastern axis, are its natural feeder areas.
AGBI, Egypt's new capital developer plans IPO in 2024 (2023-12) Who owns ACUD (Administrative Capital for Urban Development), the master developer of the New Capital?
- 100% the Ministry of Housing
- A listed company owned mainly by Gulf investors
- 51% military entities and 49% the New Urban Communities Authority (NUCA)
- Talaat Moustafa Group and Emaar Misr in a joint venture
ACUD is 51% held by the Egyptian military and 49% by NUCA, the state body behind Egypt's new cities. Private developers buy land plots from ACUD and build their own compounds on them.
AGBI, Egypt's new capital developer plans IPO in 2024 (2023-12) The Iconic Tower, landmark of the New Capital's Central Business District, has an architectural height of about:
- 263 m
- 828 m
- 452 m
- 394 m
The Iconic Tower measures 393.8 m with 77 floors and was completed in 2024 by China State Construction. 828 m is the Burj Khalifa and 452 m the Petronas Towers, two figures clients sometimes mix up.
CTBUH Skyscraper Center, Iconic Tower (2026-10) Which developer built Madinaty, the large gated city in New Cairo?
- Talaat Moustafa Group (TMG)
- SODIC
- Palm Hills Developments
- Orascom Development
Madinaty is TMG's flagship city, alongside its older Al Rehab project. When a client says "TMG quality", Madinaty is the reference they usually have in mind.
Talaat Moustafa Group, Madinaty (2026-10) According to its developer, what is the scale of Madinaty?
- About 800 feddans and 12,000 units
- About 8,000 feddans, around 120,000 units and some 700,000 inhabitants
- About 80,000 feddans and 1.2 million units
- About 3,000 acres and 30,000 residents
TMG presents Madinaty as an 8,000 feddan city with about 120,000 homes for some 700,000 people, including a sporting club of more than 200 feddans. A feddan is about 4,200 sqm, so always convert before comparing with Dubai communities.
Talaat Moustafa Group, Madinaty (2026-10) Where is Mostakbal City located?
- On the Cairo-Suez Road, between New Cairo and the New Administrative Capital
- On the Cairo-Alexandria Desert Road, next to Sheikh Zayed
- On the North Coast, west of New Alamein
- South of Maadi, on the Nile corniche
Mostakbal City stretches along the Cairo-Suez Road east of the Fifth Settlement, roughly 15 minutes from the New Capital. Its pitch to buyers is New Cairo access at an earlier stage of development.
Nawy, Mostakbal City guide (2026-10) Aliva, a large compound in Mostakbal City, is developed by:
- Hassan Allam Properties
- Tatweer Misr
- Mountain View
- Misr Italia Properties
Aliva is a Mountain View project. Mostakbal City hosts many big names side by side, for example HAPTown by Hassan Allam, Bloomfields by Tatweer Misr and Il Bosco City by Misr Italia, so check the developer of each compound, not just the city.
Nawy, Mostakbal City guide (2026-10) A professor joining the American University in Cairo (AUC) wants a short commute. Where should you search first?
- Zamalek, near Tahrir Square
- New Cairo, around the Fifth Settlement
- Sheikh Zayed
- Heliopolis
AUC moved its main campus from Tahrir Square to a 260 acre site in New Cairo in 2008. Staff and students therefore rent and buy in New Cairo and the Fifth Settlement, not downtown.
AUC, AUC celebrates 10 years on its New Cairo campus (2018-10) Sheikh Zayed City in West Cairo is framed by which two main roads?
- The Ring Road and the Autostrad
- The Cairo-Suez Road and the Middle Ring Road
- Salah Salem Road and the Nile corniche
- The Cairo-Alexandria Desert Road to the north and the 26th of July Corridor to the south
Sheikh Zayed, in Giza Governorate, lies between the Cairo-Alexandria Desert Road and the 26th of July Corridor and borders 6th of October City. Commute time to the city via the 26th of July Corridor is the first question most West Cairo buyers ask.
Wikipedia, Sheikh Zayed City (2026-10) An expat family moving to Cairo wants an established neighbourhood with international schools, social clubs and a large foreign community. Which area is the classic answer?
- Maadi
- Shubra
- Mokattam
- Obour City
Maadi, south of central Cairo, is widely seen as the most popular expat neighbourhood, with schools, green clubs and a strong social scene. New Cairo is the modern alternative for families who prefer gated compounds.
Expat Focus, Cairo's most desirable neighbourhoods for expats (2026-10) What makes Zamalek different from most other Cairo neighbourhoods?
- It is a new desert city built after 2015
- It is a gated compound owned by one developer
- It sits on an island in the Nile, in the centre of Cairo
- It is part of the New Administrative Capital
Zamalek sits on an island in the Nile yet stays very central, with restaurants, cafes and bookshops. It is an established, built-out district, so expect mostly resale apartments rather than new launches.
Expat Focus, Cairo's most desirable neighbourhoods for expats (2026-10) Marassi, Emaar Misr's best-known North Coast resort, is located in:
- Ras El Hekma
- Sidi Abdel Rahman
- Marsa Matrouh city
- Ain Sokhna
Marassi is in Sidi Abdel Rahman on the Mediterranean. Emaar Misr's other flagships are Uptown Cairo in Mokattam, Mivida in New Cairo and Cairo Gate on the Cairo-Alexandria Desert Road.
Egyptian Real Estate Platform, Emaar Misr (2026-10) ZED in Sheikh Zayed, ZED East in New Cairo and Silversands on the North Coast are projects of which developer?
- Ora Developers, founded by Naguib Sawiris
- Orascom Development, founded by Samih Sawiris
- SODIC
- Hyde Park Developments
These are Ora Developers projects, the company of Naguib Sawiris. Do not confuse it with Orascom Development, run by his brother Samih Sawiris, which built El Gouna on the Red Sea.
Nawy, Who is the developer of ZED East (2026-10) Badya, Palm Hills' 3,000 acre city, is in which part of Greater Cairo?
- New Cairo
- Mostakbal City
- 6th of October, in West Cairo
- The New Administrative Capital
Badya is in 6th of October, a few kilometres from the pyramids. Palm Hills is strong in both West Cairo and the North Coast, with Hacienda Bay and Hacienda West.
Nawy, Palm Hills: building communities (2026-10) What makes New Alamein different from the classic North Coast summer villages?
- It is a private compound by one Gulf developer
- Foreigners are not allowed to buy there
- It only opens from June to September
- It is a state-planned city, inaugurated in 2018, designed for year-round living and used by the government as a seasonal headquarters
New Alamein was inaugurated in March 2018 as a fourth-generation city with towers, universities and an industrial zone, and the government works from there in summer. It targets 1.6 million permanent residents by 2052, but year-round occupancy is still low.
Enterprise, Pulse check on New Alamein City (2025-09) Where on the coast is Ras El Hekma, the area sold to Abu Dhabi's ADQ in 2024?
- On the Mediterranean, stretching between El Dabaa and Marsa Matrouh
- On the Red Sea, between Hurghada and Safaga
- On the Gulf of Suez, next to Ain Sokhna
- In South Sinai, next to Sharm El Sheikh
The Ras El Hekma area extends along more than 50 km of Mediterranean coast from the El Dabaa side towards Marsa Matrouh. It is further west than Marassi and New Alamein, which pushes the North Coast map westward.
Enterprise, ADQ acquires development rights to Ras El Hekma (2024-02) El Gouna, the lagoon town on the Red Sea, is developed by which company and is located where?
- Emaar Misr, south of Safaga
- Talaat Moustafa Group, in Sharm El Sheikh
- Orascom Development, about 20 km north of Hurghada
- Palm Hills, in Ain Sokhna
El Gouna was founded in 1990 by Samih Sawiris and is owned and developed by Orascom Development. Built on some 20 islands and lagoons, it attracts foreign residents and second-home buyers who want a full town, not just a hotel resort.
Wikipedia, El Gouna (2026-10) A buyer wants a Red Sea home with year-round wind for kitesurfing and an 18-hole golf course, about 45 km south of Hurghada airport. Which destination fits best?
- El Gouna
- Soma Bay
- Ain Sokhna
- Marsa Alam
Soma Bay, a peninsula about 45 km south of Hurghada airport, has steady side-shore winds and The Cascades golf course by Gary Player. El Gouna is north of Hurghada, and Ain Sokhna is on the Gulf of Suez near Cairo.
Wikivoyage, Soma Bay (2026-10) Sahl Hasheesh, the bay just south of Hurghada, is master-developed by which company?
- Orascom Development
- Soma Bay Development Company
- Egyptian Resorts Company (ERC)
- Qatari Diar
Egyptian Resorts Company bought the Sahl Hasheesh land in 1995 and holds its development rights. The bay lies about 18 km south of Hurghada airport, so it competes with Hurghada itself on convenience.
Wikipedia, Sahl Hasheesh (2026-10) The East Nile Monorail, fully opened in June 2026, links which two points?
- Cairo Stadium in Nasr City and the New Administrative Capital
- Ramses Station and Cairo Airport
- 6th of October City and Mohandessin
- Maadi and Helwan
The East Nile line runs 56.5 km with 22 stations from Cairo Stadium to the New Capital, passing through New Cairo. Phase one opened in May 2026 and the full line in late June 2026, a real argument for New Cairo and New Capital listings near stations.
Egyptian Streets, Egypt to launch second phase of East Nile Monorail (2026-06) At which East Nile Monorail station can passengers change to the electric LRT?
- Cairo Stadium
- Hisham Barakat
- El Narges
- Arts and Culture City
The monorail meets the LRT at Arts and Culture City station in the New Capital, and Metro Line 3 at Cairo Stadium. Interchanges like these are what make a unit "transit-connected" in a listing.
Egyptian Streets, Egypt to launch second phase of East Nile Monorail (2026-06) Egypt's first electric light rail (LRT), opened in July 2022, runs from which hub towards the New Capital?
- Ramses Station
- Adly Mansour station, east of Cairo
- Giza Station
- Cairo International Airport
The LRT starts at the Adly Mansour transport hub in the Salam area, east of Cairo, and runs about 70 km with 12 stations in its first phase to the New Capital. The full project, including 10th of Ramadan City, is about 103 km.
Africanews, Egypt's first electrified light rail begins operations (2022-07) As announced in August 2026, what is the plan for the West Nile Monorail (New October City to Wadi El Nile in Mohandessin)?
- It has been cancelled
- It has been fully open since 2024
- Trial operation of eight stations, as far as the Alexandria Desert Road, from October 2026, and the rest in early 2027
- It will open only after the high-speed rail in 2030
The 43.8 km West Nile line has 13 stations, including Sheikh Zayed and Mall of Egypt. Trials start on the western section in October 2026 and the remaining section to Mohandessin is planned for the first quarter of 2027, so present it as upcoming, not as a fact of daily life.
Ahram Online, Egypt to begin trial operation of eight West Nile Monorail stations in October (2026-08) As of late September 2026, what is the status of the first high-speed rail line (Ain Sokhna, Cairo, Alexandria, New Alamein, Marsa Matrouh)?
- Open to passengers since 2025
- Passenger operations targeted for July 2027, after testing
- Cancelled and replaced by a motorway
- Open only for freight between Alexandria and Matrouh
On 30 September 2026 the transport minister gave July 2027 as the target for passenger service on the 660 km line. When a North Coast developer says "two hours from Cairo by train", say it is planned, not yet running.
Egyptian Streets, high-speed rail first line update (2026-10) What is the Regional Ring Road around Greater Cairo, and roughly how long is it?
- The inner city ring of about 75 km, built in the 1990s
- A 20 km bypass around Maadi
- An elevated toll road inside Nasr City
- An outer ring of about 400 km that links the main highways and diverts trucks away from the capital
The Regional Ring Road is about 400 km and connects the Cairo-Suez, Ain Sokhna, Ismailia and Alexandria roads far outside the old Ring Road. It cuts transit traffic, which supports logistics and the new cities on Cairo's edges.
Presidency of Egypt, Regional Ring Road project (2026-10) A client asks the difference between a primary unit and a resale unit in Egypt. Which answer is right?
- Primary means bought directly from the developer, resale means bought from an existing owner
- Primary means ready to move, resale means off-plan
- Primary means registered at Shahr Aqary, resale means not registered
- Primary means a first home, resale means an investment unit
In Egyptian market language, a primary unit is bought from the developer, so the buyer is the first owner. A resale unit is sold by a current owner, and it can be either finished or still under construction.
Nawy, Primary or resale: what's the difference (2026-07) A buyer takes over an off-plan unit from an owner who has paid part of the plan. In a typical Egyptian resale with installments, what does the buyer pay the owner in cash?
- The full contract price
- Only the premium
- The amount the owner has already paid plus the premium (the over), while the remaining installments continue to the developer
- The remaining installments, paid upfront to the owner
Resale listings usually show the paid amount, the remaining installments and the over price (premium). Cash to the owner equals paid amount plus over, and the buyer takes over the rest of the plan with the developer, usually after paying the developer's transfer conditions.
Property Finder Egypt, resale listing in Madinaty showing paid amount, over price and remaining installments (2026-08) On a project built on land allocated by the state, when can the developer start announcing unit sales under Prime Minister Decree 2184 of 2022?
- As soon as it signs the land contract
- Once a ministerial decree approves the project's master plan
- Once 50% of the structure is built
- Once the first phase is delivered
The rules forbid announcing sales before a ministerial decision approves the general plan of the project. Ask the developer for that approval when you check a launch, as well as the land allocation contract.
Zawya, Egypt sets new rules for real estate development, sales (2022-06) Under Decree 2184 of 2022, how long a grace period does a developer get on the contractual delivery date before delay remedies start?
- 3 months
- 6 months
- 24 months
- 12 months
The developer gets a 12 month grace period for late delivery. Beyond it, installments can be postponed for the length of the delay, and longer delays open the right to a refund. Always compare the promised date with the developer's past deliveries.
Riad & Riad Law Firm, New rules for developing off-plan properties in Egypt (2022-08) Under the same decree, after how many months of delay can a buyer cancel and get back what he paid?
- Over 24 months of delay
- Over 6 months
- Over 12 months
- Never, he can only postpone installments
When the delay passes 24 months, the buyer may terminate and recover the amounts paid, or choose to postpone his installments instead. Shorter delays only allow the installment schedule to be pushed back.
Zawya, Egypt sets new rules for real estate development, sales (2022-06) Under Decree 2184 of 2022, where must a developer route the money collected from buyers of a project?
- Into the developer's general corporate account
- Into a NUCA account
- Into a separate bank account opened for that project or phase
- Into the buyers' own savings accounts
The decree requires a dedicated project account for each project or phase, through which its revenues and costs flow, plus a minimum balance before construction starts. It works like an escrow and helps keep buyers' money in their own project.
Riad & Riad Law Firm, New rules for developing off-plan properties in Egypt (2022-08) A developer is launching phase 3 while phase 2 is far behind its approved timetable. What do the 2022 rules say?
- It can launch as long as phase 1 was delivered
- A new phase cannot be announced unless the developer met the approved schedule of the previous phase
- It can launch if it raises the down payment
- There is no link between phases
A new phase can only be announced if the previous one kept to its approved schedule, and a developer that still misses the schedule after a 6 month grace period can see sales approvals for later phases suspended. A launch while the last phase lags is a red flag.
Zawya, Egypt sets new rules for real estate development, sales (2022-06) A buyer asks why his contract includes a maintenance deposit on top of the unit price. What is it, legally?
- A non-refundable fee kept by the developer as profit
- A tax collected for the governorate
- An advance on the annual real estate tax
- A deposit the developer must safeguard, used for upkeep of the common areas, which the owners' union takes over once formed
Lawyers treat the clause as a deposit contract under the Civil Code: the developer must keep the money, usually in an interest-bearing account, and its returns pay for maintenance. The Building Law 119 of 2008 provides for an owners' union that later manages the compound.
Mondaq, Maintenance deposit under Egyptian laws (2021-03) Which authority plans Egypt's new cities, such as New Cairo, Sheikh Zayed and New Alamein, and allocates land in them to developers?
- The New Urban Communities Authority (NUCA), under the Ministry of Housing
- GOEIC
- The General Authority for Investment (GAFI)
- The Real Estate Publicity Department
NUCA, affiliated with the Ministry of Housing, plans and develops the new urban communities and allocates their land. When you check an off-plan project there, ask to see the developer's land contract or allocation with NUCA.
Wikipedia, New Urban Communities Authority (2026-10) In 2026, what payment plan length do major developers commonly offer? Sodic, for example, keeps most of its projects on which plan?
- 2 years
- 4 years
- 8 years
- 15 years
In July 2026 Sodic said about 90% of its projects run on 8 year plans. Knight Frank estimates average North Coast launch plans stretched from about 4.5 years in 2023 to about 7.8 years in 2026.
EnterpriseAM, Real estate price gains are masking a liquidity crunch for developers (2026-07) Why do analysts warn that long payment plans strain Egyptian developers in 2026?
- Because buyers pay more than the contract price
- Because prices are locked for years while building costs keep rising, so cash comes in slowly against rising costs
- Because banks forbid installments over 5 years
- Because the law caps price increases at 5% a year
Developers collect over 7 to 10 years while costs move fast: CAPMAS data showed cement up about 26% and sand about 37% year on year in May 2026. That is why a developer's delivery record and finances matter as much as the plan.
EnterpriseAM, Real estate price gains are masking a liquidity crunch for developers (2026-07) In October 2026, a client reads about escrow accounts per phase and buyer protection funds for Egyptian developers. What is the status of these rules?
- They are in force since January 2026
- They apply only to the New Administrative Capital
- They were rejected by Parliament
- They are part of a draft developers' union law still under discussion, not yet in force
The Ministry of Housing's draft law would require a bank account per project or phase, two buyer protection funds and prior approval before marketing, but it was still a draft under discussion in October 2026. Do not sell it to clients as current protection.
Daily News Egypt, Egypt drafts new real estate developers law with escrow accounts, buyer protection funds (2026-10) In 2026, how did asking prices for new North Coast launches move compared with 2025, according to an EnterpriseAM analysis with Knight Frank?
- Up about 24% year on year
- Down about 10%
- Flat
- Up about 100%
New launch asking prices on the North Coast rose about 24% year on year in 2026, ahead of East and West Cairo, which rose in the low double digits at the top of the market. These are nominal EGP prices, so compare them with inflation and the exchange rate.
EnterpriseAM, Sahel home prices continue to outpace Cairo as developers chase affordability (2026-07) A Kuwaiti client wants to buy an off-plan unit in New Cairo. What payment condition did the Cabinet attach to easing foreign ownership in 2023?
- He must pay in EGP from a local account
- He must pay at least 50% in cash
- The purchase must be paid in foreign currency
- He must use a mortgage from an Egyptian bank
The July 2023 decision let foreigners buy more than two units provided they pay in foreign currency. Check with the developer how it accepts foreign currency payments before the reservation.
Business Today Egypt, Egypt eases restrictions on foreign real estate ownership, now requires FX for payment (2023-07) Which set of checks best protects a client before he reserves an off-plan unit in a new city?
- The brochure, the show unit and the sales manager's promise
- The developer's land allocation or contract, the ministerial approval of the master plan, its delivery record on past phases and the dedicated project account
- Only the price per square metre against nearby compounds
- Only the length of the payment plan
The 2022 rules tie sales to an approved master plan, a project bank account and respect of previous phase timetables, so ask for proof of each. Add a visit to delivered phases and a lawyer's read of the delivery and refund clauses.
Zawya, Egypt sets new rules for real estate development, sales (2022-06) In February 2024, Egypt signed the Ras El Hekma deal with Abu Dhabi's ADQ. What was its headline value?
- USD 3.5 billion
- USD 35 billion
- USD 150 billion
- USD 8 billion
The deal was worth USD 35 billion, described by the government as the largest direct investment agreement in Egypt's history. USD 150 billion is ADQ's estimate of total investment as the area is built out, not the price paid.
Enterprise, ADQ acquires development rights to Ras El Hekma (2024-02) How was the USD 35 billion Ras El Hekma deal structured?
- USD 35 billion in loans to the Egyptian government
- USD 11 billion for the land and USD 24 billion in tourism bonds
- USD 24 billion for the development rights plus USD 11 billion of UAE deposits at the Central Bank converted into investment
- USD 35 billion paid over 20 years in annual instalments
ADQ paid USD 24 billion for the development rights and converted USD 11 billion of existing UAE deposits into investments. Payment was scheduled within about two months, a large dollar inflow for Egypt just before the March 2024 float.
Enterprise, ADQ acquires development rights to Ras El Hekma (2024-02) Under the Ras El Hekma agreement, what share of the project's profits does the Egyptian government keep?
- 35%
- 15%
- 50%
- 10%
Egypt keeps a 35% share of the project's profits once it operates. Do not confuse it with the Qatari Alam El Roum deal of 2025, where NUCA gets 15% of net profits after costs are recovered.
Enterprise, ADQ acquires development rights to Ras El Hekma (2024-02) In November 2025 Egypt signed a second mega deal on the Mediterranean coast. Which one?
- Saudi PIF in Sidi Abdel Rahman for USD 10 billion
- Kuwait's Agility in New Alamein for USD 5 billion
- Aldar in Ras Sudr for USD 15 billion
- Qatari Diar in Alam El Roum, Matrouh, valued at USD 29.7 billion
Qatari Diar signed for Alam El Roum and Semla in Matrouh Governorate, over 20 million sqm, with USD 3.5 billion in cash due by end 2025 and NUCA taking 15% of net profits after cost recovery. With Ras El Hekma, it confirms Gulf capital is pushing the North Coast westward.
Egyptian Streets, Egypt and Qatar ink USD 29.7 billion deal in Matrouh (2025-11) Which Gulf group has been the controlling shareholder of SODIC since 2021?
- Emaar Properties of Dubai
- A consortium of Aldar and ADQ of Abu Dhabi
- Qatari Diar
- Saudi Arabia's ROSHN
An Aldar-ADQ consortium, 70% controlled by Aldar, owns about 85.5% of SODIC. Gulf shareholders behind an Egyptian developer are often a useful trust signal for Gulf clients.
Aldar, SODIC (2026-10) In July 2023 the presidency announced how many state employees and agencies had moved to the New Administrative Capital?
- About 4,000 employees and 10 agencies
- About 400,000 employees and all ministries
- About 40,000 employees and 100 agencies
- None, the move was postponed to 2030
About 40,000 employees from 100 agencies had relocated by July 2023, and the cabinet now meets there. This created real daily demand for housing in the New Capital and on the New Cairo and Mostakbal City axis.
Egyptian Streets, 40,000 employees, 100 agencies relocate to the New Administrative Capital (2023-07) On 3 November 2016 the Central Bank of Egypt floated the pound. What happened that day?
- The pound was devalued by about 32% to a guide rate of EGP 13 per USD, then left to the market, with a 300 bps rate hike
- The pound was pegged to the US dollar at EGP 8.88
- The pound was replaced by a new currency
- Interest rates were cut to support the property market
The CBE set a starting rate of EGP 13, about 32% weaker, let banks trade freely and raised rates by 300 bps.
Ahram Online, Egypt's central bank floats pound, raises key interest rates 300 basis points (2016-11) On 6 March 2024 the Central Bank of Egypt floated the pound again. Roughly what happened to the official rate?
- It strengthened from 49.6 to 30.9 per USD
- It stayed at 30.9 per USD
- It moved from 15.7 to 18.5 per USD
- It weakened from about 30.9 to about 49.6 per USD, with a 600 bps rate hike
The rate, held near EGP 30.96 since early 2023, settled around 49.6 on the day, and the CBE raised its overnight deposit rate by 600 bps to 27.25%. The float ended the parallel market that had pushed developers to price in a much weaker pound.
Enterprise, CBE floats the EGP and goes for 600 bps rate hike (2024-03) A unit priced EGP 10,000,000 did not change in pounds. Using EGP 30.96 per USD before the March 2024 float and EGP 49.6 after it, by what percentage did its value in USD fall? Round to one decimal.
% Before: 10,000,000 / 30.96 = USD 323,000 approx. After: 10,000,000 / 49.6 = USD 201,600 approx. Fall = 1 minus 30.96 / 49.6 = 37.6%. This is why buyers paid in dollars gained buying power and why developers raised EGP prices.
Enterprise, CBE floats the EGP and goes for 600 bps rate hike (2024-03) What was the record annual urban inflation rate Egypt reached in September 2023?
- 13.9%
- 24.0%
- 38.0%
- 52.0%
Urban inflation hit 38.0% in September 2023, beating the 2017 record of about 33%. With prices rising that fast, cash savings lost value quickly, and many households moved money into property.
Reuters via WSAU, Egypt's inflation quickens to record 38.0% in September (2023-10) According to CAPMAS, what was Egypt's annual urban inflation in September 2026?
- 13.9%
- 38.0%
- 7.0%
- 25.5%
Urban inflation eased to 13.9% in September 2026, from 14.5% in August, and the CBE held its overnight deposit rate at 19%. The CBE targets 7% plus or minus 2 points, so inflation is lower than in 2023 but still well above target.
Daily News Egypt, Egypt's annual urban inflation eases to 13.9% in September (2026-10) Why do so many Egyptians treat property as a store of value?
- Because property in Egypt is tax-free forever
- Because the pound has lost value several times and inflation has been high, so bricks protect savings better than cash in pounds
- Because mortgages are cheap and widely available
- Because the law forbids holding US dollars
Knight Frank noted that devaluation and inflation pushed Egyptians to move savings into real estate. Cairo saw about USD 20 billion of real estate investment in 2022, of which USD 16 billion went to residential.
Enterprise, With inflation and depreciation, real estate remains an investment favorite (2023-08) The Grand Egyptian Museum opened officially on 1 November 2025, about 2 km from the Giza pyramids. What did valuers report about nearby property in November 2025?
- Prices fell because of traffic
- Nothing changed because the museum is far from housing
- Foreign ownership was banned near the museum
- Prices of ready units in the area rose by as much as 50%, and developers rushed for land in West Cairo
Thiqa Real Estate Valuation reported ready-unit prices up as much as 50%, while developers sought licences near the museum, in October Gardens and Sheikh Zayed. The same valuer called the spike likely temporary, so present upside honestly.
Enterprise, West Cairo braces for a real estate boom (2025-11) How many international tourists did Egypt receive in 2025, according to the Ministry of Tourism and Antiquities?
- About 9 million
- About 13 million
- About 19 million
- About 30 million
Egypt welcomed about 19 million tourists in 2025, up 21% on 2024, a record. Strong tourism supports holiday lets and resale demand on the Red Sea and the North Coast.
Business Today Egypt, Egypt sets new tourism record with 19M visitors in 2025 (2026-01) In the first half of 2026, how were the top 10 developers' contracted sales split by region?
- East Cairo about 47%, North Coast about 33%, West Cairo about 11%
- North Coast about 70%, East Cairo about 10%
- West Cairo about 50%, Red Sea about 30%
- New Capital about 80%, the rest about 20%
The Board Consulting data put East Cairo at 47%, the North Coast at 33%, West Cairo at 11% and Ain Sokhna at 7%. East Cairo, meaning New Cairo, Mostakbal City and the New Capital, is still the core market, with the North Coast a strong second.
Enterprise, Revenues for Egypt's top developers are growing, but the market is shrinking (2026-08) A client plans to flip an off-plan unit quickly. What did market data in 2025 say about Egypt's resale market?
- Resale prices are always above launch prices
- Resale prices could be up to 30% below primary prices, and resale deals were mostly cash, without mortgages
- Banks finance 80% of resale purchases
- Resale is forbidden until delivery
Primary sales come with long developer instalment plans, while resale buyers usually pay cash, so resale units often trade at a discount. Resale liquidity is a real risk to explain before a client buys only to flip.
Enterprise, Is Egypt's real estate market entering a correction? (2025-07) In 2026, how did the state respond to widespread delivery delays by developers?
- It banned off-plan sales
- It nationalised the largest developers
- A committee was set up to inspect delayed projects, with tiered sanctions from warnings to fines and, in severe cases, land withdrawal, while NUCA gave some relief
- It took no action
The Real Estate Development Chamber described warnings for reasonable delays, fines for multi-year delays and land confiscation in the worst cases, with penalties used to compensate buyers. NUCA also cut some fees and gave delayed projects extra time in July 2026.
Enterprise, Revenues for Egypt's top developers are growing, but the market is shrinking (2026-08) According to Ahram Online in July 2026, what lets a foreigner buy more than the old limit of two residential units in Egypt?
- Marrying an Egyptian citizen
- Holding a Golden Visa from the UAE
- Buying only in the New Capital
- Paying in foreign currency transferred from abroad
The cap on the number of units was abolished for foreigners who pay in foreign currency from abroad, and the registry can accept contracts with proof of USD payment. Ownership covers units, not land, and special rules still apply in Sinai.
Ahram Online, Real estate ownership eased for foreigners (2026-07) Under the residence-by-investment tiers announced in 2023, which property value can qualify a foreigner for a 5-year residence permit?
- USD 50,000
- USD 200,000
- USD 1,000,000
- EGP 200,000
The 2023 tiers gave 1 year for USD 50,000, 3 years for USD 100,000 and 5 years for USD 200,000 of property. Rules have changed several times, so ask the client to confirm current terms with the Passports and Immigration authority before relying on them.
IMI Daily, Egypt's new residence by investment program starts at USD 50,000 (2023-07) Since the 2023 amendments, what minimum property purchase can lead to Egyptian citizenship by investment?
- USD 300,000 of state-owned property, paid in US dollars
- USD 50,000 of any property
- USD 1,000,000 from a private developer only
- There is no citizenship route through property
In 2023 Egypt cut the property threshold from USD 500,000 to USD 300,000, for property owned by the state or state entities and paid in dollars. It is a niche product: most foreign buyers are after a second home or residency, not a passport.
Africanews, Egypt eases citizenship terms for foreigners (2023-03) Example figures: an off-plan apartment in New Cairo costs EGP 6,000,000. The plan asks 10% down, then the rest in equal quarterly installments over 8 years. How much is each quarterly installment (in EGP)?
EGP Down payment = 6,000,000 x 10% = EGP 600,000. Balance = 5,400,000. Number of quarters = 8 x 4 = 32. Installment = 5,400,000 / 32 = EGP 168,750.
Example figures: a unit in Sheikh Zayed costs EGP 4,800,000 with 5% down and the rest in equal monthly installments over 10 years. What is the monthly installment (in EGP)?
EGP Down payment = 4,800,000 x 5% = EGP 240,000. Balance = 4,560,000. Months = 10 x 12 = 120. Installment = 4,560,000 / 120 = EGP 38,000. Developer plans usually carry no visible interest, but the price already includes the cost of waiting.
Example figures: a compound apartment is listed at EGP 7,500,000 and the contract adds a maintenance deposit of 8% of the unit price. What is the total the buyer will pay (in EGP)?
EGP Maintenance deposit = 7,500,000 x 8% = EGP 600,000. Total = 7,500,000 + 600,000 = EGP 8,100,000. Always quote the deposit to your client upfront, because it is due on top of the price.
Example figures: on a EGP 9,000,000 unit, the plan has a 5% installment due on delivery, and the maintenance deposit of 10% of the price is also due on delivery. How much cash must the buyer prepare for the delivery date (in EGP)?
EGP Delivery installment = 9,000,000 x 5% = EGP 450,000. Maintenance deposit = 9,000,000 x 10% = EGP 900,000. Total at delivery = 450,000 + 900,000 = EGP 1,350,000, on top of the regular installment due that quarter if any.
Example figures: a 2 bedroom apartment in New Cairo costs EGP 7,200,000 and rents for EGP 52,000 a month. What is the gross rental yield (in %)?
% Annual rent = 52,000 x 12 = EGP 624,000. Gross yield = 624,000 / 7,200,000 x 100 = 8.67%. For reference, Global Property Guide put the average gross yield of 2 bedroom apartments in New Cairo at 8.71% in Q4 2026.
Global Property Guide, Egypt gross rental yields (Q4 2026) (2026-10) Example figures: the same New Cairo apartment (EGP 7,200,000, rent EGP 624,000 a year) has yearly costs of EGP 90,000 for vacancy, management and repairs. What is the net rental yield (in %)?
% Net rent = 624,000 - 90,000 = EGP 534,000. Net yield = 534,000 / 7,200,000 x 100 = 7.42%. Global Property Guide notes net yields usually sit 1.5 to 2 points below gross ones.
Global Property Guide, Egypt gross rental yields (Q4 2026) (2026-10) Example figures: a North Coast chalet bought for EGP 14,000,000 is rented 10 weeks each summer at EGP 60,000 a week. The manager keeps 15% of the rent. What is the net yield (in %)?
% Season rent = 10 x 60,000 = EGP 600,000. Manager fee = 600,000 x 15% = 90,000. Net = 510,000. Net yield = 510,000 / 14,000,000 x 100 = 3.64%. North Coast demand is seasonal, so buyers there usually count on capital growth more than rent.
Example figures: an investor has paid EGP 1,200,000 so far on an off-plan unit (down payment plus installments). He resells it with an over (premium) of EGP 780,000. What is his return on the cash he put in, before taxes and transfer fees (in %)?
% In an Egyptian resale with installments, the buyer pays him back what he paid plus the over, so his profit is the over. ROI = 780,000 / 1,200,000 x 100 = 65%. The leverage of a small down payment is what makes this number high, and it works the other way if prices fall.
Property Finder Egypt, resale listing showing paid amount, over price and remaining installments (2026-08) Example figures: a resale listing shows paid amount EGP 3,100,000, over EGP 1,400,000 and remaining installments EGP 4,200,000. How much cash does the new buyer hand to the owner (in EGP)?
EGP Cash to the owner = paid amount + over = 3,100,000 + 1,400,000 = EGP 4,500,000. The EGP 4,200,000 left continues as installments to the developer, so the total cost of the unit for the buyer is EGP 8,700,000.
Property Finder Egypt, resale listing showing paid amount, over price and remaining installments (2026-08) Example figures: your client sells his apartment in Heliopolis for EGP 8,400,000. How much real estate disposal tax is due (in EGP)?
EGP The disposal tax is 2.5% of the gross sale value with no deductions: 8,400,000 x 2.5% = EGP 210,000. The seller pays it, within 60 days of the sale (Law 151 of 2026; it was 30 days before).
PwC Tax Summaries, Egypt, Individual, Other taxes (2026-08) Example figures: the same seller (sale price EGP 8,400,000) pays the 2.5% disposal tax and a 2% broker commission. What does he keep (in EGP)?
EGP Tax = 8,400,000 x 2.5% = 210,000. Commission = 8,400,000 x 2% = 168,000 (example rate, it is agreed in your written brokerage contract). Net = 8,400,000 - 210,000 - 168,000 = EGP 8,022,000.
PwC Tax Summaries, Egypt, Individual, Other taxes (2026-08) Example figures: an investor converted dollars at an example rate of EGP 31 per USD and bought a flat for EGP 4,650,000. He sells it for EGP 7,000,000 and converts back at an example rate of EGP 50 per USD. What is his result in dollar terms (in %, negative if a loss)?
% Cost = 4,650,000 / 31 = USD 150,000. Proceeds = 7,000,000 / 50 = USD 140,000. Result = (140,000 - 150,000) / 150,000 x 100 = -6.67%. The flat gained about 50% in EGP, but the devaluation more than wiped it out for a dollar investor. The Central Bank of Egypt moved to a flexible exchange rate in March 2024.
Egyptian Streets, Egypt devalues currency, introduces flexible exchange rate (2024-03) Example figures: the same investor paid USD 150,000. At an example rate of EGP 50 per USD, what EGP sale price does he need just to get his dollars back, before costs (in EGP)?
EGP Break-even price = USD 150,000 x 50 = EGP 7,500,000. Add the 2.5% disposal tax and commission on top if he wants to break even after costs. Always show foreign clients both the EGP and the USD view.
Example figures: you close a EGP 5,500,000 resale and your brokerage contract sets a 2% commission. What is the commission (in EGP)?
EGP Commission = 5,500,000 x 2% = EGP 110,000. The rate is not fixed by law in Egypt, so it must appear in the written brokerage contract the law requires.
Example figures: your agency earns a 2.5% commission on a EGP 9,600,000 villa sale, and your contract gives you 40% of what the agency earns. How much do you take home before tax (in EGP)?
EGP Agency commission = 9,600,000 x 2.5% = EGP 240,000. Your share = 240,000 x 40% = EGP 96,000. The agency and broker split is a private employment term, not set by law.
Your EGP 110,000 commission is due and the client wants to pay as much as possible in cash. What is the minimum amount that must be paid by non-cash means (in EGP)?
EGP Law 120 of 1982, as amended, bans cash payments of commission above EGP 10,000. So at least 110,000 - 10,000 = EGP 100,000 must go by bank transfer, cheque or another non-cash method. In practice, ask for the full amount by transfer.
Andersen Egypt, English translation of Law No. 120 of 1982 (as amended) (2026-09) Example figures: a 165 sqm apartment in a West Cairo compound is priced at EGP 9,900,000. What is the price per square metre (in EGP)?
EGP Price per sqm = 9,900,000 / 165 = EGP 60,000. Check whether the area quoted is net or gross (with shared areas), because developers often sell on gross area.
Example figures: an apartment costs EGP 6,300,000 and brings EGP 450,000 net rent a year. Ignoring price and rent changes, after how many years does the rent repay the price?
years Payback = price / net annual rent = 6,300,000 / 450,000 = 14 years. It is the inverse of the net yield (450,000 / 6,300,000 = 7.14%). Rents in EGP tend to move with inflation, so the real payback is often shorter in EGP terms.
An old rent flat in an area classified as prime pays EGP 35 a month. Under Law 164 of 2025, what is the monthly rent in the second year of the transition, after the first 15% yearly increase (in EGP)?
EGP Twenty times the old rent = 35 x 20 = EGP 700, below the EGP 1,000 floor for prime areas, so the rent becomes EGP 1,000. After one year it rises 15%: 1,000 x 1.15 = EGP 1,150.
Egyptian Streets, President El-Sisi ratifies amendments ending old rent arrangements (2025-08) Example figures: your client owns a second home (not his main residence) with an official annual rental value of EGP 150,000. How much annual real estate tax does he owe (in EGP)?
EGP Residential units get a 30% maintenance deduction: 150,000 x 70% = EGP 105,000 net. Tax = 10% x 105,000 = EGP 10,500. The main home exemption does not apply to a second home.
Real Estate Tax Authority, Real estate tax (2026-10) Which days form the weekend in Egypt?
- Saturday and Sunday
- Thursday and Friday
- Friday and Saturday
- Friday only
Egypt's weekend is Friday and Saturday, so the working week runs Sunday to Thursday. Weekends are prime time for compound visits, especially for families who work during the week.
Cercli, Holidays in Egypt (2026-10) The government often moves a midweek public holiday to a Thursday. How should a broker use this?
- Ignore it, nothing changes for clients
- Plan launches, site visits and North Coast or Red Sea viewings around the long weekend it creates
- Cancel all appointments for the whole week
- Only call clients on the holiday itself
Since 2020 midweek holidays are commonly shifted to Thursday, giving a three-day weekend with Friday and Saturday. Families travel to the coast or have time for long visits, so book those slots early.
Cercli, Holidays in Egypt (2026-10) A brochure says the unit is delivered "core and shell". What does the client actually get?
- The structure with core systems such as risers and plumbing, but no interior finishes
- A move-in ready unit with kitchen and bathrooms
- A furnished unit managed as a hotel apartment
- Only the land, without a building
Core and shell means the shell and main services only: the buyer must budget time and money for all finishing. Always state the finishing level clearly, because comparing a core and shell price with a fully finished one is misleading.
Nawy, Ultimate guide to types of finishing in real estate (2026-10) An Egyptian client working in Riyadh wants to rent the unit out as soon as it is handed over, without managing works from abroad. Which finishing level fits best?
- Core and shell
- Semi-finished
- Fully finished
- Land plot
A fully finished unit comes with floors, paint, lighting, kitchen and bathroom fittings, so it can be rented quickly and the total cost is predictable. Semi-finished still needs paint, tiles and cabinets, which is hard to supervise from abroad.
Nawy, Ultimate guide to types of finishing in real estate (2026-10) A buyer asks what the "maintenance deposit" in the contract is. What is the right explanation?
- A refundable security deposit returned at handover
- The broker's commission paid by the buyer
- A monthly service charge paid to the municipality
- A sum paid to the developer and kept in a separate interest-bearing account, whose returns fund upkeep of the compound's common areas
Under Egyptian law the developer holds the maintenance deposit in trust, and its returns pay for common-area maintenance until an owners' union takes over. Always show its amount and due date in your cost breakdown so the client is not surprised at handover.
Mondaq, Maintenance deposit under Egyptian laws (2021-03) In 2025, how long did typical developer payment plans run on the primary market?
- 7 to 10 years, with some developers offering up to 15
- Always 2 years maximum
- 25 to 30 years, like a mortgage
- No instalments, cash only
Primary payment plans typically ran 7 to 10 years in 2025, and some developers stretched to 15. Long plans are the main sales tool in Egypt, so clients compare monthly instalments as much as total price.
Enterprise, Is Egypt's real estate market entering a correction? (2025-07) A cash-rich Gulf client asks if paying faster brings any benefit. What did many developers offer in 2026?
- Nothing, the price is the same whatever the plan
- Dual pricing: a discount for faster payment, or a longer plan at the list price
- Free citizenship for full cash payment
- A guaranteed buy-back after delivery
Developers widely offered a discount for shorter plans or cash, while longer plans stayed at the list price. Always ask for both prices in writing so the client can compare the real cost.
Enterprise, Revenues for Egypt's top developers are growing, but the market is shrinking (2026-08) Why are Egyptians working abroad a key client group?
- They are legally required to buy property in Egypt
- They cannot open bank accounts abroad
- Their remittances hit a record of about USD 37.5 billion in January to November 2025, and many earn in foreign currency
- They are exempt from all property taxes
The Central Bank recorded USD 37.5 billion of remittances in the first 11 months of 2025, up 42.5%. Clients earning in dollars, riyals or dirhams see Egyptian prices as affordable and often buy for family use or as a hedge.
Egyptian Streets, Remittances to Egypt reach record USD 37.5 billion in 2025 (2026-01) A resale seller lives in Kuwait and cannot travel. How can the sale still be registered at the real estate registry (Shahr El Akary)?
- It cannot be registered until he returns
- The broker can sign on his behalf without documents
- A WhatsApp voice note is enough
- He can grant a power of attorney (tawkeel) to someone who attends for him
For a registered sale the seller must attend in person or be represented under a power of attorney. Prepare this early: obtaining a valid tawkeel from abroad takes time and can delay the deal.
Enterprise, How do you register your property in Egypt? (2023-09) A buyer of an off-plan unit asks whether to pay the full price now to "secure it". What is the safe advice?
- Never pay in full upfront: pay in instalments linked to construction stages, with the last one normally at completion
- Pay everything now, delays never happen
- Pay in cash to the broker to save time
- Pay the full amount to the sales agent's personal account
The UK government's guidance for buyers in Egypt warns against paying off-plan units in full upfront. Instalments tied to progress, paid through banking channels to the developer, limit the client's risk.
GOV.UK, Buying property in Egypt (2026-09) A European buyer receives a contract in Arabic only. What should you recommend?
- Sign it, Arabic contracts are standard
- Ask for a bilingual contract and have an independent lawyer review it before any payment
- Use an online translator and sign the same day
- Let the developer's lawyer represent both sides
Foreign buyers are advised to get a contract in a language they understand and independent legal advice, never a lawyer chosen by the developer or agent. A client who signed without understanding is a client who will blame you later.
GOV.UK, Buying property in Egypt (2026-09) Your client is selling a resale apartment. What tax does Egyptian law levy on the sale, and when is it due?
- 5% on the profit, paid by the buyer at registration
- No tax on residential sales
- 2.5% of the gross sale value, paid by the seller within 60 days
- 10% VAT, paid by the developer
Since Law 5 of 2021 the real estate disposal tax is 2.5% of the gross sale value, with no deductions, and late payment triggers a fine. Include it in the seller's net figure from the first conversation.
Andersen Egypt, Tax on real estate disposition (2026-10) A client asks what the "blue contract" is. What do you answer?
- The developer's reservation form
- The broker's mandate agreement
- A rental contract registered at the police station
- The registered ownership contract issued by the real estate registry (Shahr El Akary)
The blue contract is the final registered title issued by the registry after survey, approvals and ratification. Many older buildings in Egypt are not registered, so always check what title the seller really holds.
Enterprise, How do you register your property in Egypt? (2023-09) A Gulf client says: "If I buy here, I automatically get residency, right?" What is the honest answer?
- No: owning property can support a residence application, but it does not guarantee a visa, and permits can be refused or not renewed
- Yes, any purchase gives a lifetime residence
- Yes, but only in New Alamein
- No, foreigners cannot own property in Egypt
UK government guidance notes that owning property in Egypt does not guarantee a residence or visit visa. Explain the published investment thresholds, then let the client confirm with the immigration authority.
GOV.UK, Buying property in Egypt (2026-09) A buyer worries: "My friend's unit was due in 2024 and he still has no keys." What is the best response?
- "Delays never happen with this developer, I promise."
- Acknowledge that delays have been common, then show the developer's delivered projects, the contractual handover date and any delay clause, and suggest ready or near-ready units if timing is critical
- Change the subject to the payment plan
- Tell him to wait for prices to fall
In 2025 some developers pushed handovers back by two to three years, so denying the risk destroys trust. Facts on track record, contract terms and alternative ready stock turn the objection into a selection criterion.
Enterprise, Is Egypt's real estate market entering a correction? (2025-07) A client earning in pounds fears another devaluation. Which answer is professional?
- "The pound will never fall again."
- "Property always doubles in dollars."
- Explain that nobody can predict the currency, show how property prices behaved after past devaluations, and let him decide with his own risk tolerance
- "Buy now or you will lose everything."
You can share history and data, but forecasting the exchange rate or guaranteeing a dollar value is a promise you cannot keep. Honest framing builds the long-term trust that brings referrals.
Which of these is acceptable to tell a client?
- "This unit will be worth double in two years."
- "The developer has already received its licence", without checking it
- "Rental income is guaranteed at 12% a year", when no written guarantee exists
- "Here is the official payment plan and delivery date from the developer, in writing."
Only state what you can document: prices, plans and dates from the developer in writing. Promised returns, resale prices or unchecked licences expose both you and your client.
A married client says he must "discuss it with the family" before booking a villa. What is the best move?
- Offer a second visit or a video call that includes his wife and parents, and send a clear WhatsApp summary with photos, plan and price
- Push him to pay the deposit today before the family changes his mind
- Stop following up, he is not serious
- Send ten messages a day until he answers
In Egypt big purchases are usually family decisions. Including the decision makers and giving them a clean, shareable summary on WhatsApp speeds things up far more than pressure.
During Ramadan, how should you adapt your client meetings in Cairo?
- Schedule lunch meetings at restaurants as usual
- Keep visits short in the day, avoid the hour before iftar, and use the evening after iftar for calls and meetings
- Stop all work for the month
- Only meet clients at dawn
Most clients fast from dawn to sunset, energy drops in the afternoon and traffic peaks before iftar. Evenings are lively, and showing that you respect the rhythm of the month earns goodwill.
A client buying in a large compound asks: "Is the club included?" What should you do?
- Say yes, clubs are always free for owners
- Say no, clubs are only for renters
- Check with the developer whether club membership is included, optional or charged separately, and put the answer and any fees in writing
- Tell him to ask after he signs
Sporting and social clubs are a big draw in Egyptian compounds, but membership rules and fees differ from one project to another. Clarifying it before signing avoids a common post-sale complaint.
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