CAIRO – 16 February 2021: The UAE Aldar Properties Company sees great opportunities in the real estate market in Egypt, and intends to enter it during 2021, according to CEO of the company Talal Al-Dhiyebi. CEO of Aldar noted that the company sees opportunities in the local market in the various fields in which it operates. Regarding the company's sales, he said that it exceeded 1 billion dirhams from the sales of the Nawaya project, bringing the company's total sales in 2020 to 3.6 billion dirhams. Al-Dhiyebi noted that the real estate market in Abu Dhabi is witnessing a greater balance between supply and demand, pointing out that the largest real estate sector affected, the hotel sector, which is the least sector in the Aldar company, expecting a greater time to recover compared to other real estate sectors. Aldar, which is based in Abu Dhabi, UAE, operates within the Real Estate sector focusing on diversified real estate activities.

Source: Egypt Today February 16, 2021 11:03 UTC