UAE online housing portal propertyfinder.ae is to expand into Egypt in order to service growing demand for real estate, which it claimed is increasingly being seen as a safe haven investment amid political upheaval.
In an announcement on the opening day of the Cityscape Cairo exhibition, the firm said it had set up a dedicated sales team to be initially based out of the country’s capital.
The website provides real estate services including listings of apartments, villas, offices and commercial properties for rent and sale.
"In light of the ongoing volatility and restrictions on capital flows, Egyptians are looking to good old fashioned bricks and mortar as means of safeguarding wealth,” said propertyfinder.ae managing director Renan Bourdeau.
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