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In recent years, Egypt’s real estate market has grown and developed significantly. There is a strong demand for residential real estate, especially in large cities like Cairo and Alexandria, including houses and apartments. In order to accommodate the expanding urban population, new developments have been constructed, such as apartment buildings and gated communities.
Demand for commercial real estate has also surged, including office and retail space. The demand for commercial real estate has been fueled by the development of e-commerce and the corporate sector. Egypt’s real estate market is heavily influenced by the country’s tourism sector. Tourists and investors are drawn to the nation by its stunning coasts and historical attractions.
The Egypt real estate market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
East Cairo’s residential complex has been launched by Ajna Developments. Even with the obstacles facing the real estate industry, there are still chances for businesses that have a solid track record of financial stability, adaptability, and success—qualities that inspire trust among customers.
Alongside finishing up development on its current project, the corporation is putting its expansion plan into action. Government-backed real estate facilities encourage businesses to expand and encourage innovation among enterprises to provide properties that can compete on a global scale.
With the project’s official introduction to clients in the real estate sector, the company plans to release additional information .In tandem with the new launch, Ajna Developments is presently operating at maximum efficiency on the Carnelian project in Ain Sokhna.
The Carnelia Sokhna resort is being constructed on 100 feddan. The project is being developed in six stages and will include a 5-star hotel, a commercial centre, townhouses, villas, twin houses, and chalets.