Monday 08/Sep/2025 – 12:01 PM
Businessman Naguib Sawiris said that there are a number of wrong practices in the Egyptian real estate market, noting that the long periods of payment provided by some companies, which sometimes reach 15 years, are illogical and may harm the stability of the market in the long run.
Naguib Sawiris: Most of the real estate ads spread on the roads belong to unreliable companies
He added during his speech on one Economic conferencesThat many real estate ads spread on the roads belong to unknown or unreliable companies, which creates a state of confusion and suspicion of customers.
Sawiris stressed the necessity of developing strict control controls and measures to ensure the credibility of real estate ads and protect buyers’ rights.
He explained that the development of Emaar Egypt for lands in the Red Sea will contribute to increasing growth in Egypt, especially since the land has not been developed for 20 years.
He pointed out that the deal will help stabilize the exchange rate of the pound, and that Emaar Egypt is one of the largest real estate companies and has the ability to implement a project commensurate with its major capabilities.
