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2 clusters · 5 sources · 5 days · First seen · Last updated

Egyptian real estate sector growth

Overview

Major Egyptian real estate developers reported significant financial growth during the first nine months of 2026.

SODIC reported sales of 42.4 billion EGP, a 116% increase compared to the same period in 2025. This growth was primarily driven by North Coast projects, which accounted for 24.26 billion EGP. The company also saw an 18.4% rise in net cash collections and an 8% increase in unit deliveries.

Madinet Masr reported new sales totaling 45.4 billion EGP for the same nine month period. The company experienced a 76% increase in unit deliveries compared to the previous year and a 35% rise in net cash collections. Additionally, the company continued a treasury share buyback program, purchasing 42.7 million shares.

Entities

Egypt · Abdullah Salam · Madinet Masr · North Coast · SODIC

Timeline

  1. [BUSINESS] 3 sources
    Madinet Masr reports 45.4 billion EGP in new sales for first nine months of 2026

    Madinet Masr recorded 45.4 billion EGP in new sales and a 76% increase in unit deliveries during the first nine months of 2026.

  2. [BUSINESS] 2 sources
    SODIC reports 116% sales growth to 42.4 billion EGP

    Egyptian real estate developer SODIC saw sales jump 116% to 42.4 billion EGP in the first nine months of 2026, driven largely by North Coast projects.

Sources

anbaaalyoumeg.com · aqaraknews.com · aqarlight.com · lahzanews.com · vetogate.com