Unstable Compared to What?

This Week, in Short
• Regional tensions are loud. Egypt is having iftar.
• What developers build tells you more than what analysts say
• Mountain View just committed EGP 25B to 2026 construction
• Energy prices could be the next thing to watch — and act ahead of
• New launch: Makadina by Travco in Makadi

Over the past week, the news cycle has been dominated by rising tensions in the region. If you follow international headlines, it can feel like the entire Middle East is on edge.

Meanwhile here in Egypt, daily life has mostly been dominated by something else entirely.

Ramadan.

Evenings slow down. Families gather for iftar. The rhythm of the country shifts the way it always does this time of year.

That contrast came up in a conversation I had earlier this week.

I was helping a foreign friend secure a long-term rental in El Gouna ahead of her move in a couple of weeks. At one point she paused and asked me, very sincerely:

"Is it safe right now?"

It is a fair question. But I often find myself slightly puzzled by it.

I grew up in Egypt. Like most people of my generation, regional noise was always in the background. It was simply part of the environment.

So when someone asks if things feel unstable, my instinctive reaction is always the same:

Unstable compared to what?

Life here continues the way it always has.

In real estate especially, what matters is not the news cycle of a particular week, but what people are committing to build over the next decade.

Those headlines are not wrong. But they rarely capture what daily life here actually feels like.

Egypt has its challenges like any country.

But despite all of that, the country has historically had a certain steadiness to it.

Life continues.

One of the clearest signals of how people on the ground see the future is not what they say.

It is what they build.

Over the past few weeks we have continued to see strong activity across Egypt's real estate sector.

Mountain View recently announced a construction budget of EGP 25 billion for 2026, one of the largest commitments we have seen in the market. Developers do not allocate that level of capital lightly.

At the same time, new projects continue to launch across the Red Sea.

Travco Properties have just launched Makadina (more on that later). We are also expecting new product releases in El Gouna after Ramadan.

One question worth watching over the coming months is whether rising regional tensions push energy prices higher. If that happens, it will eventually feed into construction costs and property prices.

For anyone currently sitting on the fence, that is worth factoring in.

Buying now may end up being the better side of that equation.

This week's launch worth paying attention to is Makadina by Travco Properties in Makadi.

The project is designed as a fully integrated lifestyle community, with:

The first phase includes a mix of apartments, townhomes, and villas.

Average pricing currently sits around:

Makadina sits in an interesting position within the Red Sea market.

Over the past few years, Makadi Heights became a natural alternative for buyers who loved the idea of El Gouna’s lifestyle but found themselves priced out of that market.

Makadina may end up playing a similar role relative to Ras Soma, offering access to the broader Red Sea lifestyle at a different entry point.

This project is worth considering if you are looking for:

If your priority is a direct sea-front property, this probably is not the right fit. Also, if you’re looking for an established community or project. This one is still new.

Makadina is more about community living within the wider Makadi destination, rather than beachfront villas.

If that is what you are after, there are better options worth exploring separately.

The project is currently in the EOI phase (Expression of Interest) ahead of the official launch.

Travco is currently accepting a fully refundable EOI cheque of EGP 100,000 to secure priority allocation before the official sales release.

If you are interested in securing a unit at early phase pricing, reply to this email and we can walk through the available options.