Analysis: Greater Cairo residential market outlook ...United Arab Emirates

Local News by : (ME CONSTRUCTION NEWS) -
It is estimated that the current residential stock in Greater Cairo stands at approximately 7.1 Mn units2, with the bulk of the current stock concentrated across the Central Cairo micro-market. Apartments amount to roughly 93.2% of this supply in Central Cairo, while mixed-use developments account for 4.2%. Being the former city centre, most of the stock in Central Cairo takes the form of old, often, deteriorating buildings. The Egyptian New Urban Communities Authority (NUCA), along with other governmental authorities, have ensured the availability of land to various private developers to execute new masterplan projects, signalling an increase in supply in the market. This has led to the dev

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