The Real Estate Market in 2019 Series (Part II)
The commercial market has been steadily performing throughout 2019. After an initial minor slowdown in sales caused by fears of saturation and legal hurdles to importation of goods affected the market during the first quarter of 2019. However, local brands and concepts took the lead in keeping the market operational; with an increased market share of 42% compared to 27% in 2017 and 2018.
As opposed to the high demand rates in operation urban communities such as Sheikh Zayed and New Cairo, the retail sector within new expansion areas such as New Capital has been slow due city-wide concerns over developers' investment returns and fears of operational and functionality dates.
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