P
resident Mohamed Al‑Bostany of the Association of Real Estate Developers (arD) and Vice‑President of the Real Estate Investment Division at the General Federation of Chambers of Commerce explained that the sharp parallel dollar surge—from 50 to 75 EGP within a year—persisted for roughly two months and represented less than 5 % of property sales in the last three years. He attributed the stabilization of the exchange rate to the Ras El Hekma agreement and subsequent flotation measures, which have since shaped market behaviour. Today the sector is slowing as buyers anticipate further dollar depreciation, while a larger supply of units and payment schemes create an indirect price decline. Intense competition keeps most developers from raising prices, except a handful of firms that adjust prices periodically. Regarding financing, developers depend on advisors who employ proactive, hedging‑based strategies rather than merely following interest‑rate forecasts, drawing on lessons from the two prior currency devaluations. Al‑Bostany rejected refund requests tied to perceived price gaps, arguing that compensating buyers for higher‑rate purchases would invite claims for losses when prices fall.