Minister of Housing, Utilities and Urban Communities Randa El-Menshawy has reviewed the latest developments regarding the draft law establishing the Federation of Real Estate Developers, as part of the ministry’s broader strategy to regulate and organize Egypt’s rapidly expanding real estate market.
The meeting, attended by senior officials from the Ministry of Housing and the New Urban Communities Authority, focused on the proposed legal framework aimed at creating a professional and regulatory body for real estate developers operating in Egypt.
El-Menshawy emphasized that the proposed law comes in response to the significant growth witnessed in the real estate sector, driven by major development projects and the increasing role of private-sector investment.
She noted that the sector remains one of the key pillars of the national economy and has experienced unprecedented expansion in recent years, making it essential to establish a comprehensive regulatory framework that balances investor confidence, market stability, and consumer protection.
Discussions during the meeting covered the draft law’s provisions, which are designed to unify the rules governing real estate development activities, curb unregulated practices, and protect homebuyers through effective dispute-resolution mechanisms and stronger contractual compliance measures.
The proposed legislation also seeks to enhance transparency and governance by introducing a clear classification system for developers and establishing professional registries based on objective criteria.
Officials reviewed the proposed standards for classifying developers, including the size and track record of completed projects, financial strength, technical and administrative capabilities, adherence to project timelines, and operational management expertise. Under the draft law, all entities engaged in real estate development would be required to obtain membership in the federation in accordance with the established regulations.
At the conclusion of the meeting, El-Menshawy stressed the importance of integrating the proposed legislation with the ministry’s wider vision for regulating the real estate sector. She directed officials to continue work on a separate law governing real estate marketing activities, recognizing real estate marketers as a vital link between developers and prospective buyers.
The minister affirmed that credibility and transparency remain the cornerstones of building trust, attracting investment, and ensuring the sustainable growth of Egypt’s real estate market.
