The professional services and investment management company specialising in real estate noted that, according to global forecasting and quantitative analysis provider Oxford Economics, Egypt's Gross Domestic Product growth is expected to accelerate to 5.3 percent in the 2017/2018 fiscal year compared to 4.2 percent in the previous year.

This accelerated growth is attributed to stronger industrial production, recovering tourism, and increased investment, JLL suggested.

The company also said increased investor confidence was evident across the residential market with developers reporting positive sales performances and construction of the New Capital City remaining fast on track.