Leading real estate developers in Egypt have denied recent rumors suggesting a slowdown or suspension of operations, confirming that both sales and construction activities are proceeding at full capacity and at normal rates.
Industry leaders emphasized that the Egyptian real estate market demonstrated strong resilience throughout March, achieving record-breaking sales and significant booking volumes. Notably, several developers recorded substantial reservations during just last Wednesday and Thursday, reflecting sustained and genuine demand for real estate—whether for residential or investment purposes.
Developers further stressed that operations across the sector remain uninterrupted, with all sales and marketing activities continuing as planned. Companies also reaffirmed their commitment to expansion strategies and project delivery timelines.
In this context, Dr. Ahmed Hendi, Member of the Real Estate Developers Association and Chief Commercial Officer at ARDIC Developments, confirmed that the company achieved its highest monthly sales in March. This milestone reflects the strength of the market and continued customer confidence in real estate investment.
He added that these positive results highlight the success of ARDIC’s marketing strategy, along with its diversified project portfolio that caters to a wide range of customer segments—further boosting contractual volumes in recent periods.
ARDIC attributed this exceptional performance to its flexible marketing approach, which has effectively adapted to evolving market conditions, in addition to its diverse portfolio that meets the needs of both investors and end-users.
Dr. Hendi described the recent surge in contracts as a “vote of confidence” in the Egyptian market, noting that the growing real demand is driving the company toward further expansion and innovation in the coming period.
This performance reaffirms that the real estate sector remains one of the most secure and attractive investment destinations in Egypt, driven by increasing demand and continuous project development aligned with market needs.