Engineer Sherif El-Sherbini, Minister of Housing, Utilities, and Urban Communities, held a comprehensive meeting with officials from the “Official Egyptian Real Estate Platform” to review the latest developments concerning the creation of two new digital platforms: one for regulating the real estate market and the other for exporting Egyptian real estate. The meeting was attended by representatives from the Ministries of Housing, Communications, and Justice, in addition to the New Urban Communities Authority.
Strong Digital Governance and Market Transparency
During the meeting, the Minister emphasized that Egypt has made significant progress in real estate market governance and digital transformation. He affirmed that this initiative is a top priority in the Ministry’s strategy, aiming to enhance market performance and increase transparency in cooperation with the Ministry of Communications and relevant authorities.
Two Dedicated Digital Platforms: Regulation and Export Facilitation
El-Sherbini stated that the meeting focused on outlining the Ministry’s strategy to modernize the real estate sector and strengthen Egypt’s global presence in the industry through two digital platforms:
-
The first platform is dedicated to organizing the domestic real estate market. It will feature a unified database based on accurate standards for evaluating real estate developers. It will also register and license real estate brokers.
-
The second platform targets the international promotion of Egyptian real estate, aiming to attract foreign investors. It will ensure the documentation of all transactions and protect the rights of all stakeholders involved.
Egyptian Real Estate Platform: An Integrated Portal for Display and Marketing
The Minister explained that the Official Egyptian Real Estate Platform will serve as the central hub encompassing all sub-platforms and procedures related to market regulation and real estate export. He also mentioned plans to showcase all available properties in Egypt through this platform, which will act as a unified gateway offering comprehensive services to both citizens and investors.
A Comprehensive System with International Standards
The meeting covered the technical and structural frameworks required to operate both platforms. Key discussion points included:
-
Establishing a robust and secure infrastructure to enable efficient data exchange.
-
Developing a globally recognized and trustworthy electronic documentation system.
-
Offering full support for multiple languages, currencies, and international payment transfer options.
-
Implementing effective mechanisms to protect the rights of all parties involved, including buyers, developers, and brokers.
-
Strengthening the ability to promote Egyptian real estate globally, aligning with the country’s vision to export real estate and achieve wide international outreach.
To follow the latest official listings and explore thousands of residential units across various cities, visit the official Egyptian Real Estate Platform — your trusted destination for finding the perfect home for you and your family.