Cityscape: A Glimpse into Egypt’s Future

Egypt’s largest property event for home seekers and real estate professionals Cityscape Egypt will celebrate next month the launch of its 6th edition.

 

 

The exhibition encourages more real estate investment opportunities for both local and foreign investors to help Egypt recover, proving that the future of the country’s economy is bright.

Reasonable priced apartment complexes, coastal residences and ultra-modern villas will be exhibited in the exhibition. That said, it has been confirmed that 90 exhibitors will participate, including 20 new exhibitors, which will make it an optimistic exhibition to remember in Egypt.

 

 

 

Here is an insight to some of the 20 new
exhibitors that will attend the exhibition: CBRE, Catalyst, Mangroovy Residences, Life Park for Real
Estate Development, Ardic for Real Estate Development, Avenues Real Estate and El
Nasr Housing Development.

ARDIC for Real Estate Developments and Investments will be exhibiting this year as they will be showcasing Zizinia El Mostakbal as part of Mostakbal City, which will be completed in 2020.

 

Meanwhile, the Egyptian-based developer Tabarak Developments will launch new projects, such as the third phase of its Ninety Avenue development.

 

 

 

 

Dar Al Maghraby, Egyptian-based architecture firm, will show off TurQuoise, the latest in its portfolio located on Egypt’s northern coast.

 

And the optimism doesn’t end there as Hyde Park will launch its new master developer’s name, which will encompass Hyde Park new Cairo, as well as any other future projects.

 

“While
there has been a strong increase in new exhibitor numbers, we have also noticed
a trend, in major exhibitors increasing their presence at the show,” says Tom
Rhodes, Exhibition Director of Cityscape Egypt.

 

 

 

 

Ayman Sami, Country Head for the Egypt office of property consultant JLL, believes that Egypt has already started to become more attractive to foreign real estate investors.

 

“Those reforms created a shock to the market as we saw the exchange rate jump from 8.8 to 18 or 19. For example an Egyptian living abroad (of which there are an estimated 4.3 million) looking to buy a residential unit in Egypt, will find it at least 30 to 50% cheaper than pre- floatation,” says Sami. “Local brands starting to thrive and expand is a result of the increased demand on local products due to them being more affordable. We will start seeing local businesses expand.”

 

 

 

 

“Over the last few months, the Egyptian economy has undergone a complete overhaul to fuel investment into the market, as a result, investors are looking at the market with a renewed interest,” says Tom Rhodes, Cityscape Egypt Event Director. “Cityscape Egypt is ideally positioned to facilitate capital chasing investment opportunities during this pertinent time in Egypt.”

 

Cityscape Egypt will take place on March 31 – April 3 at the Cairo International Convention Centre where a range of local and international exhibitors who will launch new real estate projects.