Royal Developments aims to achieve EGP 2.5bn in sales from its projects in 2024, according to CEO Karim Shaalan. He told Daily News Egypt that the company achieved sales of EGP 2bn in 2023. Shaalan expects a significant increase in demand for real estate and a recovery in the real estate market in 2024. He explained that real estate prices increased by more than 60% in 2023 due to the rise in raw material prices. These sales represent 30% of the total units in the project, with sales of EGP 1.8bn.

Source: Daily News Egypt January 08, 2024 12:02 UTC