Sunshine nearly year-round, booming markets, prices still affordable in hard currency, residence and citizenship by investment programs: real estate in Egypt is attracting more and more expatriates. But between specific regulations for foreigners, new currency transfer requirements, recent price surges, and a multitude of new cities, it’s easy to get lost.
This guide provides a comprehensive overview to help expatriates understand the market, select a geographical area, master the regulations, and structure an investment suited to their specific situation.
A dynamic market, driven by demographics and reforms
Real estate in Egypt is today one of the most active markets in the Middle East / North Africa region. Growth is fueled by a combination of economic reforms, major infrastructure projects, explosive demographics, and an influx of local and foreign capital.
Greater Cairo requires between 100,000 and 120,000 new housing units each year to meet demand, a supply that struggles to keep up.
The residential market is already estimated to be worth over 20 billion dollars and projections suggest nearly 37 billion by 2030, with an annual growth rate close to 11%. Between 2020 and 2025, nominal prices have doubled, even quadrupled in some neighborhoods, driven by inflation, rising construction costs, and especially the depreciation of the Egyptian pound. At the beginning of 2024 alone, housing prices rose by about 39% year-on-year, and still around 30% in the first half of 2025, before an expected slowdown phase starting in 2026.
For a hard currency investor, this devaluation transforms Egyptian real estate into a ‘value play’: prices expressed in dollars remain very competitive, even as values in local pounds climb.
Hard Currency Investor
Strong rental yields
Gross rental yields in Egypt are significantly higher than those of many neighboring markets. On average, they are around 6 to 7% nationally, peaking at 8-13% in some areas of Cairo. Well-located studios and small apartments can generate over 10% gross yield, especially in New Cairo, while older areas max out at 4-6%.
The following table provides an overview of yields in some iconic areas of Greater Cairo.
| Area / Neighborhood | Property Type | Estimated Gross Yield |
|---|---|---|
| New Cairo (Fifth Settlement) | Studio / 1 Bedroom | > 10% |
| New Cairo (2 Bedrooms) | Apartment | ≈ 7.1% |
| Mohandessin | Apartment | ≈ 13.3% |
| 6th of October City | Apartment | ≈ 5.3% |
| Sheikh Zayed | Apartment | ≈ 5.5% |
| Heliopolis / Masr El Gedida | Apartment | ≈ 4.9% |
| National Average (2025) | Residential | ≈ 6.7% |
In tourist areas of the Red Sea or the North (Hurghada, Sharm El-Sheikh, North Coast), short-term rentals via platforms like Airbnb can achieve comparable annual yields, with occupancy rates close to 50%, especially during high season.
What the law permits (and prohibits) for foreigners
Investing in Egypt is not just about finding a nice off-plan project. The legal framework for foreigners is specific, and compliance is essential to secure your purchase.
Property ownership, number of units, and surface area
Historically, Law No. 230 of 1996 governs purchases by foreigners. It limits a non-Egyptian to owning a maximum of two residential properties, with a total area not exceeding 4,000 m². These properties must be intended for residential use, not agricultural.
Recent adjustments have relaxed some ceilings for residential property, but caution dictates verifying the rules actually applied on a case-by-case basis at the date of purchase with a local lawyer. However, the prohibition regarding agricultural and reclaimed land remains in force: a foreigner cannot directly own agricultural land.
Another key point: real estate ownership in Egypt does not automatically grant a right of residence. To sign the final deed and register the property, it is practically necessary to have a valid visa or residence permit.
Prohibited or restricted areas
Egyptian territory is divided into zones more or less open to foreign investors. There are strong restrictions, even outright prohibitions, in several cases:
The acquisition of land in full ownership (freehold) is prohibited in certain specific areas. This notably concerns border, military, or strategic zones, certain parts of the Sinai Peninsula (regulated by Law No. 14 of 2012 and a 2022 decree for Sharm El-Sheikh, Dahab, and the Gulf of Aqaba where only long-term usufruct rights are possible), as well as archaeological sites, protected islands in the Red Sea, and natural reserves.
In several coastal cities like Hurghada, some projects grant foreigners 50 to 99-year usufruct rights rather than full land ownership. Elsewhere, notably in new cities and certain neighborhoods of Cairo or Alexandria, a foreigner can benefit from true freehold ownership (full ownership of land and building).
Since 2024, an amendment to Law No. 143 of 1981 on desert land rights allows foreigners to own land for investment projects. This reform removes the former requirement for an Egyptian company to hold 51% of the capital, thus facilitating larger-scale projects through local structures.
Currency transfer obligations
Authorities have recently tightened control over currency flows related to real estate. A circular (No. 41) from the Real Estate Registration and Notarization Authority, effective March 26, 2024, mandates that the purchase price paid by a foreigner must be transferred from abroad, in foreign currency, to an Egyptian bank authorized by the Central Bank.
Notaries are now prohibited from legalizing a sale deed without proof of this international transfer. The objective is twofold: to feed foreign currency reserves and stabilize the market by regulating flows. In practice, this means every expatriate must prepare in advance a SWIFT transfer from their country of residence to a local bank, and keep the documentation (transfer order, statements) that will be required during registration.
Residence by real estate investment
Egypt offers a residence-by-investment scheme, interesting for expatriates who wish to settle more permanently. By purchasing a property of sufficient value, you can obtain a renewable residence permit:
| Real Estate Investment Amount (USD) | Associated Residence Duration |
|---|---|
| 50,000 | 1 year renewable |
| 100,000 | 3 years renewable |
| 200,000 | 5 years renewable |
The property must be officially registered with the land authorities to be eligible, which is still the case for a minority of existing properties (about 7% of the stock according to some estimates), even though a recent reform aims to accelerate the formalization of the land registry.
This investment-based residence program does not offer direct access to citizenship. However, it guarantees a stable, renewable right of residence as long as the investment is maintained. This right can be extended to the spouse, dependent children, and the elderly parents of the main applicant.
Citizenship by investment: integrating real estate into an overall strategy
For profiles with more significant capital, Egypt also has a citizenship-by-investment program. The real estate option requires an investment of at least $300,000 in a property—residential, commercial, or even land with a permit—outside the Sinai Peninsula. The property must be held for a minimum of five years.
This program allows the main applicant and their children under 21 to obtain nationality, while the spouse must wait an additional two years. All funds must arrive in dollars from abroad, and a fixed processing fee of $10,000 applies.
For an expatriate considering a long-term move to Egypt or diversifying their nationality while investing, combining real estate purchase, residence by investment, and possibly citizenship can form a coherent strategy.
Where to invest in Egypt as an expatriate?
The first practical question remains: in which city, which neighborhood should you put your money? The answer depends on your profile: are you more of an investor seeking rental income, a future resident, an opportunistic investor in developing areas, or a fan of a seaside second home?
Greater Cairo: New Cairo, Sheikh Zayed, 6th of October, and central neighborhoods
Cairo and its region remain the economic heart of the country and concentrate the bulk of long-term rental demand, whether from Egyptian families, local executives, or expatriates.
New Cairo, to the east, and especially the Fifth Settlement, has quickly become the symbol of the new urban lifestyle: wide avenues, green spaces, secure compounds, international schools, universities, shopping malls, chain restaurants, and cafés. This area heavily attracts the upper middle class and expatriates, particularly those looking to live near good schools. Its proximity to the airport and the New Administrative Capital further strengthens its potential.
Prices there are high for the local market but still reasonable for a hard currency investor. Recent estimates give a range of 30,000 to 60,000 EGP/m² for apartments, with high-end projects going much higher. A 100 m² apartment in a reputable compound can therefore trade for around 2.3 to 3 million EGP, or less than about $50,000 at the current rate—compared to rental yields exceeding 7% on small units.
West of Cairo, the cities of Sheikh Zayed and 6th of October offer a peaceful, green living environment characterized by large residential compounds. They boast major shopping malls like Mall of Egypt and Mall of Arabia, quality schools and universities, and easy access to the Giza Pyramids and downtown. Sheikh Zayed, with a more upscale positioning, attracts families and professionals particularly. 6th of October, slightly more affordable, retains a very dynamic atmosphere.
Average prices there are often lower than in New Cairo: around 15,000 to 35,000 EGP/m² for apartments according to sources, and 23,000 to over 24,000 EGP/m² for some villas in 6th of October. Recent growth has been spectacular: some areas saw prices jump 175 to 180% in 2024 before a gradual slowdown.
In “old” Cairo, neighborhoods like Zamalek and Maadi remain highly popular with expatriates for their character, greenery, and the presence of many embassies and international companies. Zamalek, on an island in the Nile, combines old buildings, cafés, restaurants, and soon a metro station. Prices are among the highest in the country, with apartments over 27,000 EGP/m², but villa supply is almost non-existent. Maadi attracts with its tree-lined streets and large houses, highly sought after by diplomats and foreign executives.
New Administrative Capital: a long-term bet
Located about 45 kilometers east of Cairo, the New Administrative Capital is one of the largest urban development projects in the world. Designed as an ultra-modern political, administrative, and financial center, it is slated to host ministries, embassies, bank headquarters, large companies, and eventually about 6.5 million residents.
Over 500,000 residential units are already under construction in this massive project.
For an expatriate, the New Administrative Capital is a long-term investment thesis: immediate rental yields may be more hesitant until the city is fully “alive,” but the capital appreciation potential is real, especially on off-plan purchases from solid developers.
New Alamein, North Coast, and Ras El Hekma: the Mediterranean coast moves upmarket
The northern coast (Sahel) has long been associated with the summer residences of Egyptians. White sand beaches, turquoise waters, a festive or family atmosphere depending on the resort: the region has transformed into a succession of more or less luxurious compounds, between Marsa Matrouh, Sidi Abdel Rahman, and the new city of Alamein.
New Alamein is designed as a true year-round city, with schools, hospitals, residential towers, hotels, and commercial areas, not just a seasonal resort. The state has committed massive investments to make it the “capital of the North.” Apartment prices there range between 35,000 and 80,000 EGP/m², with a clientele mixing affluent Egyptians, diaspora, and some foreign buyers.
A coastal area under rapid development, resulting from a strategic partnership between Egypt and the United Arab Emirates, attracting major real estate developers.
Major project developed through a strategic agreement between the two nations, aiming to create an exceptional destination.
Major developers are building resorts, marinas, and very high-end compounds there, targeting a demanding clientele.
A preferred coastal product for expatriates seeking both a luxurious setting and an investment with high speculative potential.
Red Sea: Hurghada, El Gouna, Sharm El-Sheikh
The Red Sea region, with Hurghada, El Gouna, Sharm El-Sheikh, or Sokhna, is at the heart of Egyptian beach tourism. Diving, kitesurfing, cruises, all-inclusive resorts: the seasonal rental potential is considerable.
Hurghada has established itself as a real estate market in its own right, with strong growth, offering affordable studios as well as luxury villas. Neighboring localities like El Gouna, a very well-maintained private resort, or Makadi Heights and Somabay, offer more upscale settings with marinas, golf courses, and integrated services.
For an expatriate wishing to combine personal use and seasonal rental, these areas can target 7 to 10% gross yield on well-managed properties, with an entry ticket often lower than in Cairo.
Historic cities and alternative destinations
Alexandria, the great Mediterranean port, combines economic importance and historic charm. Demand is strong for apartments with views on the Corniche and for commercial premises in dynamic neighborhoods like Smouha or Sidi Gaber. Prices in the city center are around 24,000 EGP/m², compared to 16,000 EGP/m² on the outskirts.
Luxor and Aswan, capitals of cultural tourism, see demand for small guesthouses, boutique hotels, and some vacation homes. These cities, like Aswan, Luxor, Hurghada, or Marsa Alam, remain among the most affordable markets in the country.
Other regions, like Dahab and Nuweiba in southern Sinai, are emerging among eco-tourism and digital nomad enthusiasts, even though ownership regimes there are more complex (long leases, usufructs rather than true freehold for foreigners).
How much does a property cost in Egypt? Comparisons and examples
Egyptian real estate remains, despite the recent price surge in pounds, extremely competitive compared to many Western metropolises. It is estimated that the price per square meter in Egypt is about 90 to 92% lower than in the United Kingdom, for example.
The table below gives some price ranges for apartments, in Egyptian pounds, in different environments.
| City / Area | Location | Average Apartment Price (EGP/m²) |
|---|---|---|
| Cairo – center | City Center | ≈ 31,500 |
| Cairo – outside center | Outskirts | ≈ 19,500 |
| New Cairo – Fifth Settlement | Modern residential | ≈ 23,800 (average) |
| New Cairo – premium neighborhoods | High-end | 60,000 – 200,000 |
| Zamalek | Luxury neighborhood | ≈ 27,600 |
| 6th of October City | Western residential | ≈ 19,250 |
| Alexandria – center | Mediterranean center | ≈ 24,400 |
| Alexandria – outside center | Outskirts | ≈ 16,000 |
| New Administrative Capital | Apartments | 20,000 – 40,000 |
| New Alamein | North Coast | 35,000 – 80,000 |
In the most luxurious compounds of Cairo, some products can climb up to 200,000 EGP/m², but this remains the exception. An expatriate with hard currency income can therefore, with a budget of $150,000 to $250,000, position themselves in a comfortable mid/high-end segment, whether in New Cairo, on the Red Sea coast, or on the North Coast.
To the base price of a property in Egypt, various acquisition costs must be added: lawyer’s fees (1 to 3%), notary fees (~3%), registration fee (500 to 2000 EGP capped), stamp duties, and possibly agency fees. The total cost of a round-trip transaction (purchase and resale) is estimated between 9% and 14% of the property’s value.
How does a real estate purchase in Egypt proceed for an expatriate?
The process does not necessarily follow the same codes as in Anglo-Saxon or Francophone countries. It is more bureaucratic, less standardized, and the lack of strict regulation of real estate agents requires extra vigilance.
Central role of the lawyer
The first step is to hire an experienced lawyer in Egyptian real estate law, ideally bilingual Arabic/English or French. Avoid recommendations from the developer or agent: they may have a conflict of interest. The lawyer will handle:
– Verifying the title deed and property history with the land registry (the “Tabu”).
– Ensuring there is no mortgage or ongoing dispute.
– Confirming the property is not located in an area prohibited or restricted for foreigners.
– Checking building permits for off-plan projects.
– Negotiating and drafting a bilingual sale contract (Arabic + buyer’s language).
The Egyptian real estate market is characterized by a lack of transparency, with many properties not fully registered and the persistence of practices like ‘urfi’ sales (unregistered contracts). Thorough due diligence is therefore essential.
Key steps in the purchase
In broad terms, the typical journey looks like this:
1. Defining the budget and financing method (cash or using a local loan). 2. Property search via portals (Property Finder, Aqarmap, Semsarmasr, Rightmove, etc.) or agencies, on-site or virtual visits. 3. Property selection and a reservation deposit, often between $1,000 and $5,000 or 10 to 30% of the price, accompanied by a preliminary contract detailing the property, price, payment schedule, and penalties for delay or non-delivery (for off-plan). 4. Complete legal checks by the lawyer. 5. Transfer of funds from abroad to an Egyptian bank, in foreign currency, in accordance with the 2024 rules. 6. Signing the final sale contract, authentication before a notary, with the contract mandatory in Arabic (and ideally in your language as well). 7. Registration with the land registry (Real Estate Registration Office), either at the local level (2 to 6-month process) or the central level, often longer (8 to 10 months), sometimes possible only when the entire project itself is registered.
The typical maximum timeframe between reservation and final registration of a property, which can be exceeded for complex projects.
Financing: possible, but not always simple
In theory, several Egyptian banks (National Bank of Egypt, Banque Misr, CIB, QNB Al Ahli, etc.) offer mortgage loans to foreigners. In practice, conditions are more restrictive than for nationals:
– Frequent requirement to have residence in Egypt and/or a work permit.
– Proof of stable and traceable income.
– Financing limited to about 70-80% of the property value.
– Repayment period usually between 5 and 20 years.
– High interest rates in the inflationary context (often 12 to 17% for residences, even more for commercial).
For an expatriate who earns income in another currency, borrowing in Egyptian pounds exposes to significant exchange rate risk. This is one reason why many non-residents prefer to finance their property with equity.
Costs, taxation, and obligations for an expatriate owner
Beyond the purchase price, you must factor in recurring costs: taxes, fees, property management, maintenance. Overall, Egypt remains moderately taxed on real estate, but taxation does exist.
Main real estate taxes
Three main levels of taxation concern an investor:
The ownership and rental of a property in Egypt are subject to several taxes. An annual property tax (Real Estate Tax) is calculated on 10% of the net rental value (after a standard deduction of 30% or 32%). Exemptions exist for small properties and primary residences. Rental income is integrated into income tax, with a progressive rate up to 27.5% and limited deduction of expenses. Upon sale, a levy of 2.5% on the sale price generally applies to the seller.
For an expatriate, it is also important to keep in mind the potential taxation in your home country on real estate income and capital gains realized in Egypt, even if double taxation agreements exist with several states.
Ancillary purchase costs
The usual structure of acquisition costs is as follows:
| Type of Cost | Approximate Amount for Buyer |
|---|---|
| Lawyer’s Fees | 1 – 3% of property price |
| Notary Fees | ≈ 3% of declared value |
| Registration Fee | 500 to 2,000 EGP (capped) |
| Stamp Duties | ≈ 0.1 – 0.3% (contracts & documents) |
| Agency Commission | In principle borne by seller (2-3%) |
| Maintenance Fund Contribution (new) | Sometimes 8% of property price |
To this must be added condominium or compound fees, often substantial in high-end projects (security, pools, landscaping, clubhouse, etc.), and property insurance, highly recommended.
Investment strategies suited to expatriates
Depending on your risk profile, your time horizon, and your presence on the ground, several approaches are possible.
Purchase for long-term rental in major cities
For an expatriate who wishes to prioritize income stability over speculation, targeting a medium-sized apartment in an area with strong rental demand (New Cairo, Sheikh Zayed, 6th of October, Zamalek, Maadi) is a classic strategy.
The advantages are clear:
– Demand driven by the Egyptian middle class, professionals, expatriates, and sometimes NGO or international company employees.
– Rents rising in dynamic neighborhoods, with double-digit annual growth observed in recent years in some areas.
– Gross yields ranging from 6 to 10% depending on size and location, with lower vacancy risks for 2–3 bedroom apartments.
The main drawback is management: inventories, rent collection, maintenance, tenant relations require either regular physical presence or hiring a management company.
Seasonal rental in tourist areas
For an investor who wishes to use the property a few weeks a year and rent it out the rest of the time, an apartment or small villa by the sea in Hurghada, El Gouna, Sharm El-Sheikh, Sokhna, or on the North Coast is a logical option.
Number of visitors per year in Egypt, a record level boosting the seasonal rental market.
In this case, outsourcing to a specialized management company (as can be found in Hurghada or on the Red Sea Riviera) is almost essential: these players handle marketing on platforms, guest reception, cleaning, maintenance, often for 20 to 30% of rental income.
Off-plan purchase in new cities
Another, more speculative strategy involves buying off-plan in major ongoing developments: New Administrative Capital, New Alamein, Ras El Hekma, Mostakbal City, new neighborhoods of New Cairo or Sheikh Zayed.
Major Egyptian real estate developers (like Palm Hills, SODIC, Emaar Misr, Talaat Moustafa Group, La Vista) often offer advantageous payment terms for off-plan purchases: a low initial deposit and installment payments spread over 5 to 9 years, sometimes interest-free. Furthermore, Egyptian law offers partial protection to buyers. In case of payment default, it generally limits the amount the developer is allowed to keep to 10% of the total price, obliging the developer to refund the balance.
The bet here is twofold: that the project is delivered on time, and that the resale prices upon completion are significantly higher than the launch prices. In the best operations and early phases, increases of 30 to 50% over a few years have been observed or projected.
In return, the risk of delay, even abandonment, exists, especially with less solid developers. It is therefore essential to check the developer’s reputation, the legal status of the land, financing guarantees, and ideally select projects listed on the official platform realestate.gov.eg.
Combining real estate and residence/citizenship by investment
For a high-net-worth expatriate also seeking a residence or passport plan B, Egyptian real estate can be integrated into an investment migration strategy. By combining:
– A purchase of $100,000 to $200,000 to obtain a comfortable renewable residence permit.
– A second investment, potentially of $300,000, to aim for citizenship by investment.
It is possible to structure a real estate portfolio that meets both asset objectives (yield + potential capital appreciation) and international mobility objectives (residence, passport, access to other visas like the US E-2 via Egyptian citizenship).
Main risks and how to manage them
Investing in Egypt is not without risk or complexity. Several factors must be taken seriously.
Currency volatility and macroeconomic context
The Egyptian pound has experienced several rapid devaluations in recent years, leading to a loss of over 70% of its value since 2022. If you invest in hard currency, this makes the purchase more attractive on the surface, but keep in mind that:
– Your rental income will be in pounds, thus sensitive to exchange rate fluctuations if you convert them to euros or dollars.
– A new devaluation can mechanically push up prices in pounds to compensate, but there is no guarantee of an immediate adjustment.
The best way to protect yourself is to consider the investment with a long-term perspective, 7 to 10 years, betting on the resilience of domestic demand (demographics, urbanization) rather than a short-term arbitrage.
Incomplete land registry, records, and bureaucracy
A significant portion of the real estate stock is not fully registered in the official registry (Tabu). “Urfi” contracts, frequently used in local transactions, do not offer the same level of legal security. For an expatriate, it is imperative to ensure that:
The property has been registered in the official registry. The seller is legally identified as the undisputed owner. All prior taxes and charges due have been fully settled, ensuring no debt is transferred to the buyer.
Again, only an experienced lawyer, independent of the seller’s interests, can secure this dimension.
Off-plan project risks and developer reliability
Delivery delays are frequent, especially during periods of soaring construction costs. Some developers, weakened by rising expenses, struggle to keep their promises. The developer’s reputation, track record of delivered projects, financing capacity, and listing of projects on the official platform are essential criteria.
For an off-plan purchase, it is prudent to:
– Refuse to pay 100% of the price before delivery.
– Ensure the payment schedule is aligned with tangible construction milestones.
– Include clear penalty clauses in the contract for delays.
Still informal market and the question of intermediaries
Real estate agents in Egypt are not subject to as strict a licensing regime as in other countries. Many intermediaries operate informally. This opens the door to:
– Overvaluations.
– Conflicts of interest between seller and buyer.
– Questionable practices (double-selling, opaque commissions, unmet promises).
It is advisable to work with a few carefully vetted contacts, ideally reputable agencies, to document each step (offers, counter-offers, payments), to always verify bank details with your lawyer before any transfer, and to prefer payments through official banking channels rather than in cash.
Legal environment and political stability
As in any emerging country, rule changes can occur: tax modifications, adjustments to ownership conditions for foreigners, new registration requirements. Similarly, Egypt remains exposed to geopolitical and political risks, even though it has not experienced direct conflict for several decades and presents itself as an island of relative regional stability.
For an expatriate, this argues for diversification: do not concentrate an excessive portion of your real estate assets in a single country, however attractive, and stay informed of legislative developments, especially regarding currency conversion and fund repatriation.
Getting help: management, official platforms, and useful services
Distance and the language barrier make local support even more necessary for an expatriate.
Several tools and services can facilitate a successful investment:
For a secure and effective investment in Egypt, here are the main resources to consult and professionals to engage.
The site realestate.gov.eg lists projects validated by authorities. It’s an essential starting point to verify a development’s credibility.
Consult major portals (Property Finder, Aqarmap, Semsarmasr) to analyze prices and property types available in an area.
Essential in tourist areas (Hurghada, Red Sea, North Coast) or Cairo compounds to handle marketing, tenants, rent, and maintenance.
A lawyer expert in real estate and foreigner’s law is crucial for acquisition, residence, or citizenship-by-investment procedures.
In parallel, for the financial dimension, using reputable international transfer services (SWIFT transfers via your bank, or players like Wise, OFX, Xe, Western Union for certain situations) allows you to optimize exchange rates and clearly document flows, which is essential in light of anti-money laundering (AML/CTF) rules and new Egyptian administration requirements.
In summary: a promising market, but one that requires method and patience
Real estate in Egypt today offers a rare combination: very strong structural demand, prices still competitive in hard currency, rental yields higher than many neighboring markets, real capital appreciation prospects in new cities, residence and citizenship programs tied to investment. For an expatriate ready to work with local professionals, to respect the specific rules for foreigners, and to think in a medium- to long-term horizon, it is a serious opportunity.
The Egyptian real estate market offers opportunities but is associated with significant risks: land registry complexity, currency volatility, changing regulations, a highly informal sector, and specific ‘off-plan’ project risks. Success depends on a professional approach, including scrupulous checks, rigorous partner selection, in-depth knowledge of neighborhoods, mastery of currency flows, and anticipation of local and international tax aspects.
For an expatriate, the question is not whether Egypt is “the” best market in the world, but whether a reasoned portion of their portfolio, exposed to this rapidly changing country, can improve their asset diversification, generate attractive income, and for some, fit into a life project on the banks of the Nile or the Red Sea.
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