The Egypt Financial Regulatory Authority reported that three operators of online platforms selling fractional interests in real estate to the public have applied to regularise their activities and start operating under Egypt’s investment fund framework, following discussions with real estate developers and platform owners on regulatory and legislative requirements. The applicants are Nawy, SAFE (affiliated with Madinet Masr for Housing and Development) and Saqr (owner of Farida). Each is pursuing the establishment of two entities, one related to a real estate investment fund and another to undertake promotion, underwriting coverage and the management of investment funds, with feasibility studies submitted to the authority. The authority positioned the real estate fund model as the most suitable legislative and practical route for these activities and referenced its broader supervisory work on unlicensed non-banking financial activities, including maintaining an updated negative list of violating entities and pages. The authority indicated it will continue meeting market participants to clarify compliance expectations and invited firms to engage with it to review business models and regularise their status where needed.
Egypt Financial Regulatory Authority 2025-06-03
Egypt Financial Regulatory Authority moves Nawy SAFE and Saqr toward a real estate investment fund model to regularise fractional property platforms
The Egypt Financial Regulatory Authority announced that Nawy, SAFE, and Saqr have applied to operate under Egypt’s investment fund framework for selling fractional real estate interests. Each platform plans to establish entities for real estate investment funds, with feasibility studies submitted. The authority emphasized the real estate fund model as optimal and continues to engage with market participants for compliance and regularization.