{"id":708563,"date":"2026-06-08T00:00:00","date_gmt":"2026-06-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=708563"},"modified":"2026-06-08T02:53:55","modified_gmt":"2026-06-08T02:53:55","slug":"top-10-real-estate-developers-see-6-5-y-o-y-sales-drop-in-1q-2026","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/08\/top-10-real-estate-developers-see-6-5-y-o-y-sales-drop-in-1q-2026\/","title":{"rendered":"Top 10 real estate developers see 6.5% y-o-y sales drop in 1Q 2026"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The country\u2019s 10 largest real estate developers saw sales volumes drop 15% y-o-y in 1Q 2026 to c.15.5k units<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/411.pdf\" style=\"\">report (pdf)<\/a> from The Board Consulting. Total sales value declined 6.5% y-o-y to EGP 271 bn, down from EGP 290 bn a year earlier. This slowdown is a continuation of a cooling trend that began <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/egypts-real-estate-market-has-been-cooling-since-even-before-the-war-on-iran\/\" style=\"\">in 2025<\/a>. However, the drop was cushioned by higher property prices in what the report describes as a market correction phase rather than a \u201cmarket bubble.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> The market is experiencing two distinct shifts. Domestically, local investors are pulling back, with the share of people buying property for investment dropping from 55% in 2024 to under 20% in 2025. Regionally, the country is emerging as a safe haven for Gulf liquidity. Despite rising costs linked to the Iran war, regional instability is driving funds from Qatar, Kuwait, and Saudi Arabia into Egyptian real estate for long-term safety. This incoming liquidity is heavily concentrated around top-tier developers like TMG, Emaar, and Ora.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> Palm Hills remained the top seller despite a 35% y-o-y drop to EGP 52 bn, while TMG followed with a 36% decline to EGP 49.1 bn \u2014 together capturing 37% of the top 10\u2019s total sales. Mountain View (down 33% to EGP 14.5 bn) and G Developments (down 23.5% to EGP 13 bn) also saw slowdowns. However, Tatweer Misr recorded the market\u2019s strongest growth, surging to EGP 43.8 bn from EGP 3.2 bn a year earlier. Emaar Misr climbed 46% to EGP 35.6 bn, Ora grew 48.2% to EGP 12 bn, and Hyde Park posted a 17% increase to EGP 25.3 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The destinations: <\/strong>East Cairo remained the dominant region with EGP 130 bn in sales, nearly half the top 10\u2019s market total. The North Coast generated EGP 50 bn, followed by Ain Sokhna at EGP 40 bn and West Cairo at EGP 30 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The North Coast: <\/strong>Despite driving the country\u2019s real estate boom with EGP 1.2 tn in sales during 2024 and 2025 (36% of the EGP 3.2 tn national gated-community total), the North Coast\u2019s sales fell to EGP 518 bn in 2025 from EGP 643 bn in 2024, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/412.pdf\" style=\"\">report (pdf)<\/a>. Four developers captured 65% of all North Coast sales over the 2024\/2025 period. TMG dominated with a 38% market share, followed by Palm Hills (13%), G Developments (9%), and Modon (5%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ten of the country\u2019s largest real estate developers saw sales volumes drop 15% y-o-y in 1Q as the market continues a healthy correction phase<\/p>\n","protected":false},"author":1,"featured_media":708564,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7371],"tags":[130,72,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-708563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-construction","tag-enterpriseam","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"07469478-e423-422d-98a4-615d9b29182b","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/900.jpg","photo_position":"above","homepage_title":"","full_issue_title":"The cooling continues","related_issue":[708555],"teaser":"Ten of the country\u2019s largest real estate developers saw sales volumes drop 15% y-o-y in 1Q as the market continues a healthy correction phase"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Short of seeing a second wave of the pandemic, a rebound is likely by the end of the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/173.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546945,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/palm-hills-net-income-rises-44-in-1q-2022\/","url_meta":{"origin":708563,"position":1},"title":"Palm Hills\u2019 net income rises 44% in 1Q 2022","author":"enterpriseam admin","date":"2 June 2022","format":false,"excerpt":"Palm Hills Developments\u2019 (PHD) bottom line surged 44% y-o-y in 1Q 2022, driven by a strong increase in sales, the real estate developer said in its latest earnings release (pdf). The company reported net income of EGP 295 mn, supported by a 47% increase in revenues which reached EGP 2.9\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":586015,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/03\/sodic-posts-higher-revenues-in-1q-2023-while-inflation-impacts-sales\/","url_meta":{"origin":708563,"position":2},"title":"SODIC posts higher revenues in 1Q 2023 while inflation impacts sales","author":"enterpriseam admin","date":"3 May 2023","format":false,"excerpt":"Company pauses sales amid soaring inflation","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/164.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587253,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/24\/madinet-masr-profits-more-than-double-in-1q-2023\/","url_meta":{"origin":708563,"position":3},"title":"Madinet Masr profits more than double in 1Q 2023","author":"enterpriseam admin","date":"24 May 2023","format":false,"excerpt":"EGX-listed real estate developer Madinet Masr reported EGP 304.4 mn in net income in 1Q 2023, up 153% y-o-y,according to its earnings release (pdf). Revenues climbed 24% y-o-y to EGP 1 bn during the period on the back of higher gross contracted sales. Sales values were up even as unit\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1290.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":701739,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/13\/egypts-largest-listed-developer-talaat-moustafa-reports-jump-in-income-revenue\/","url_meta":{"origin":708563,"position":4},"title":"Egypt\u2019s largest listed developer Talaat Moustafa reports jump in income, revenue","author":"enterpriseam admin","date":"13 May 2026","format":false,"excerpt":"Plus: Byit expands into the UAE","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1183.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585475,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/19\/egypts-hospitality-real-estate-sectors-show-promise-in-1q-2023-jll\/","url_meta":{"origin":708563,"position":5},"title":"Egypt\u2019s hospitality, real estate sectors show promise in 1Q 2023 -JLL","author":"enterpriseam admin","date":"19 April 2023","format":false,"excerpt":"Egypt\u2019s hospitality and real estate sectors made strides in 1Q 2023","rel":"","context":"In &quot;Real estate&quot;","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/721.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/708563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=708563"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/708563\/revisions"}],"predecessor-version":[{"id":708598,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/708563\/revisions\/708598"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/708555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/708564"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=708563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=708563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=708563"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=708563"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=708563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}