Egypt's leading real estate developers posted EGP 670bn in combined sales for H1 2026, a 2.9% increase year-on-year, even as unit sales declined, highlighting the impact of rising property prices on the market.
Egypt's ten largest real estate developers recorded combined sales of approximately EGP 670bn in the first half of 2026, according to new data from The Board Consulting. This marks a 2.9% increase compared to the EGP 651bn reported in the same period of 2025, despite a slowdown in the number of units sold.
The figures underline the continued strength of Egypt's real estate sector in terms of value, even as underlying demand shows signs of pressure. In H1 2024, the top 10 developers had posted EGP 649bn in sales, representing a sharp 286% year-on-year increase at the time, driven by a period of rapid market expansion.
Leading Developers and Market Concentration
Talaat Moustafa Group (TMG) led the sector in H1 2026 with sales of around EGP 219bn. Palm Hills Developments followed with EGP 94bn, while Mountain View and Emaar Misr posted EGP 63.7bn and EGP 60.9bn respectively. Hyde Park Developments rounded out the top five with EGP 52.9bn in sales. Other major players included Tatweer Misr (EGP 50.5bn), Modon Ras El Hekma (EGP 44bn), G Developments (EGP 30bn), Madinet Masr (EGP 28.4bn), and La Vista Developments (EGP 26.5bn).
Rising Values, Falling Volumes
Despite the increase in total sales value, the number of units sold by these leading developers fell by about 5% year-on-year to approximately 39,000 units in H1 2026. The divergence between higher sales values and lower transaction volumes points to the impact of rising property prices, which are supporting headline sales figures even as affordability pressures weigh on demand.
This trend suggests a more cautious phase for Egypt's real estate market, with developers achieving higher revenues from fewer transactions. The report highlights that continued price increases are affecting buyers' purchasing power, and the market's growth is now being driven more by price appreciation than by expanding unit sales.
What to Watch Next
Market participants will be monitoring whether the trend of rising values alongside declining volumes continues in the second half of 2026, and how developers adapt their strategies in response to affordability constraints and evolving demand dynamics.
