24 Hrs
Source:
بوابة الفجر
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Calls for discipline in real estate market
President Abdel Fattah El-Sisi's directives have prompted a comprehensive review of real estate development companies' commitment to project delivery deadlines and the protection of customers' rights. The focus is on ensuring that work is carried out according to scheduled timelines and in accordance with contractual agreements. The measures include rectifying the statuses of companies lagging in deliveries, linking the approval of new lands to their commitment levels, and reviewing customer contracts to ensure companies adhere to delivery schedules. These moves come amid a rise in contractual sales, which reached approximately 670 billion Egyptian pounds during the first half of 2026. It is also expected that the state will increase oversight of serious and committed companies to restore order to the real estate market and safeguard citizens' funds.
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