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October 28, 2023

Egypt, Real estate

In Egypt, real estate prices jumped up to 45% in a year as tourism gains drove the property market.

Egypt, Cairo’s hotel sector, is showing vital signs of recovery, as tourist arrivals are expected to reach 15 million by the end of 2023, according to JLL’s Cairo Real Estate Market Overview Report for Q3 2023. The report reveals that the occupancy rate in Cairo increased to 68 percent in August 2023, up from 61 percent in the same month last year. The Revenue Per Available Room (RevPAR) also rose by...