PM emphasizes real estate market regulation draft law

Prime Minister Mostafa Madbouly stressed the importance of regulating the real estate market, explaining that the state is swiftly preparing a legal framework to balance investment incentives with protecting stakeholder rights, in line with directives from President Abdel Fattah al-Sisi to safeguard the state, developers and beneficiaries while resolving stalled ventures.

This came during Madbouly’s meeting Tuesday, September 15, 2026, with real estate developers to discuss a proposed draft law regulating the real estate market, attended by Minister of Housing, Utilities and Urban Communities Randa al-Minshawy, Deputy Housing Minister for Urban Communities Walid Abbas and ministry officials.

Madbouly emphasized the sector’s vital role in driving economic growth, underscoring the Housing Ministry’s coordinated efforts with regulatory bodies to tally stalled projects nationwide and devise radical solutions protecting unit buyers.

The prime minister noted that a draft law has been prepared and that consultative sessions are underway ahead of submitting the text to the cabinet and parliament.

Minister of Housing Randa al-Minshawy indicated that the ministry is compiling cases of defaulted delivery, which represent a limited portion of overall development, working to resolve them fairly for serious developers and buyers alike.

al-Minshawy explained that the bill establishes a professional developers federation to resolve disputes, classify developers by financial and operational solvency, protect buyers through tighter oversight and expand private sector participation in new urban communities.

The housing minister detailed the bill’s philosophy, focusing on balancing market stability, empowering qualified developers via the federation and monitoring non-compliant operators until full conditions are met.

The meeting reviewed transitional provisions, registration requirements, consumer safeguards during default and targets for the Egyptian Real Estate Developers Federation, including a code of ethics, rating rules and board representation quotas.

The developers shared initial remarks, emphasizing the sector’s multitrillion-pound investments and job creation while urging clear distinctions between serious developers and the minority of non-serious operators based on clear financial and technical criteria.

They also highlighted sector challenges and proposed solutions to recent market hurdles, reaffirming the necessity of objective developer classifications.

Concluding the session, the prime minister directed developers to thoroughly examine the bill and submit consolidated feedback prior to cabinet review.