94% of wealthy GCC investors targeting Egypt for real estate investments

Dubai: 94% of wealthy GCC investors with over US$ 1 million in investable assets are keen to purchase property in Egypt, with 56% planning to do so within the year, according to global property consultant, Knight Frank’s inaugural Destination Egypt.

The average budget for GCC nationals purchasing residential property in Egypt is US$ 1.1 million, with variations based on the investor’s geographic location and asset level. Specifically, 40% of buyers with investable assets over US$ 1…