Renad Ghanem
Saudi Gazette
THE 1st edition of Egypt Property Show (EPS) 2017 that is also the first premium Egyptian real estate roadshow, is flying to the United Arab Emirates (UAE) to hold its show in Dubai World Trade Center (DWTC) from May 5-7, with select exhibitors from the leading Egyptian real estate developing companies.
The show aims to display a variety of luxury properties to the Egyptians expatriates, who live in UAE, and also the foreigner investors interested in the Egyptian market, as well as provide real estate solutions and consultation to international investors. After Dubai the show is supposed to be held in more cities all around the world.
In a 5,000 sqm hall the show, organized by Spectrum and Al Ahram Advertising Agency, aims to attract a select category such that expatriates, Arab citizens invest in different areas in Egypt.
Wahid Attallah, Spectrum Consultants CEO, said, “Egypt’s real estate market is considered one of the strongest and active markets in the region, and we look forward to get benefit from this event to represent this huge and wide virgin market to different people, especially Egyptian expatriates, and investors who are keen to boost their real estate assets in the biggest property market in the Middle East and North Africa.”
A recent study showed that the real estate market witnessed a huge growth in the period from 2013 to 2015 and in 2015 the market witnessed 30 percent growth in the property investment.
Many of the real estate developers announced that they will keep investing in the real estate market as they believe that this sector growth is continuing in a progressive line. Egypt invested since 2013 about EGP43 billion in the property sector, and it witnessed a huge boom in the past few years — as opposed to the EGP30 billion spent over the previous 20 years – and this is another promising factor.
Some of the participating companies are, Emaar Misr, Capital Group Properties (CGP), Cairo Festival City, ARCO, Palm Hills Developments, Hyde Park Developments, Al Ahly For Real Estate Development – Sabbour, Tatweer Misr, AZHA, Capital Developments, M2 Development, Somabay, Wadi Degla Developments, MNHD -SARAI-, and Rooya pioneers.
The New Administrative Capital will also be on spot as it is considered as one of the major running projects in Egypt that has a full support from the Egyptian president and the government, as it is supposed to be the new economic capital for Egypt.
EPS aims to display and highlight the beauty of Egypt and its properties and projects to those abroad, while emphasizing the security and safety of the country and the potential ROIs in it, particularly in the real estate sector.
In 2017, EPS aims to travel to Dubai, Kuwait and the United Kingdom, bringing together the top Egyptian real estate developers and Egyptian expats, as well as Arabs and foreign investors from all over the world.
