Just Development record sales reflect the company’s strong performance in Egypt’s real estate market. The firm achieved unprecedented success during the final quarter through fast execution and strict adherence to delivery schedules. This approach has strengthened buyer confidence and boosted sales beyond expectations.
Eng. Ahmed Gomaa, Managing Director and Vice Chairman of Just Development, highlighted the company’s latest project, X1 in Downtown Cairo, which has exceeded all projections since its October launch. The first phase sold out within months. Consequently, the company launched the second phase in January, demonstrating the strong purchasing power and high demand in the Egyptian market.
Regarding the Legacy project, Just Development’s flagship development, construction is progressing rapidly. The concrete structure is nearly complete, representing around 60% of total construction and investment costs. High demand has led to the sale of 90% of the units, leaving fewer than 10% available for buyers.
Eng. Gomaa also noted that market prices are expected to rise by at least 10% after Ramadan and Eid al-Fitr. The increase is driven by rising costs of building materials and fuel. He advised buyers to consider this period a “golden opportunity” to secure properties before the next price wave.
In closing, Eng. Gomaa reaffirmed that real estate remains a “safe haven” and a reliable investment vehicle in Egypt. It outperforms volatile assets such as gold and foreign currencies. Real estate is not only an investment but a consumer commodity with sustainable demand, driving economic growth and providing protection against high inflation.
