Egypt: Nawy targets 200% YoY increase in 2024 real estate sales

The company sold EGP 26 billion worth of real estate units in 2023

Staff Writer, Arab Finance

September 17, 2024

PHOTO

Arab Finance: The property technology company Nawy is planning to boost its real estate sales by over 200% year on year (YoY) in 2024, the company’s co-founder and CMO Abdel-Azim Osman told Asharq Business.

The company sold EGP 26 billion worth of real estate units in 2023, targeting to increase its sales to EGP 80 billion by the end of 2024, Osman said.

He attributed this expected surge in sales to the increase in prices and business expansion.

Osman revealed that the company is looking to raise $50 million in a Series B round within 2025 to fund its expansion abroad.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.