Egypt’s North Coast has reinforced its position as one of the country’s fastest-growing real estate markets, accounting for nearly one-third of total gated-community sales nationwide over the past two years, according to The Board Consulting’s 2026 Season Opening Newsletter.
The report showed that the North Coast generated approximately EGP 1.2trn in sales during 2024 and 2025, out of a total Egyptian market value of EGP 3.2trn. Sales in the region alone reached about EGP 520bn in 2025, underscoring its growing appeal among local and international buyers.
The coastal market has emerged as Egypt’s second-largest real estate destination after East Cairo, supported by expanding infrastructure, large-scale developments, and rising demand for vacation and investment properties.
Stretching across more than 230 kilometers of Mediterranean coastline, development activity is increasingly moving westward beyond traditional hotspots such as Al Alamein and Sidi Abdel Rahman toward Al Dabaa, Fouka, Ras El Hekma, and areas approaching Marsa Matrouh.
According to the report, more than 70 projects are currently being marketed across approximately 35,000 feddans, comprising around 245,000 residential units.
The market experienced exceptional growth in 2024, when sales values surged by 278% year-on-year, driven largely by the launch of SouthMED by Talaat Moustafa Group (TMG). While sales moderated by around 20% in 2025 to EGP 518bn, the market remains significantly larger than in previous years, compared with EGP 80bn in 2022 and EGP 28bn in 2020.
Market activity remains concentrated among a small group of developers. Four companies accounted for approximately 65% of total North Coast sales during 2024 and 2025.
TMG led the market with an estimated 40% share, followed by Palm Hills Developments with 13% and G Developments with 9%. Modon Developments entered the market strongly in 2025, capturing around 5% of combined sales over the two-year period.
In 2025 alone, the three largest developers generated approximately EGP 255bn in sales, representing half of the region’s total market volume. TMG recorded EGP 130bn in sales, while Modon and Palm Hills achieved EGP 79bn and EGP 46bn, respectively.
The report also highlighted shifting buyer priorities, with affordability and payment flexibility becoming increasingly important factors in purchasing decisions. Developers have responded by introducing extended installment plans and lower down-payment requirements to attract a broader customer base.
At the same time, the luxury segment continues to expand through the introduction of branded residences and international hospitality partnerships. Several major developments have incorporated globally recognized brands as part of efforts to attract high-net-worth buyers and strengthen the North Coast’s position as a regional luxury destination.
Looking ahead, The Board Consulting noted that Egypt has an opportunity to increase international real estate sales and attract additional foreign currency inflows, drawing comparisons with countries such as Spain, which has successfully developed a large foreign-buyer market.
The report concluded that while sales performance remains a key indicator, the next stage of competition among developers will increasingly depend on construction progress and delivery capabilities. Developers able to complete projects on schedule and provide high-quality finished products are expected to be best positioned to maintain market leadership in the years ahead.
