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Cairo Real Estate Market Overview - Q3 2018

29-06-2018

Cairo’s real estate market continues to witness a positive performance across most sectors with particularly strong results in the tourism sector as the government continues to drive economic growth through promoting and diversifying the country’s hospitality offering.

Tourism generated $4.8 billion during the first half of 2018, a steep increase from the same period in 2017. Strong demand in the sector is reflected by increasing occupancy rates, at 70% compared to 64% in the same period of 2017, and this upward curve is expected to continue in the long term with average daily rates also up compared to last year.