The Third Quarter of New Cairo, Egypt saw a significant increase in real estate activity, with a surge in demand for residential and commercial properties. This growth can be attributed to several factors, including the government's efforts to develop the city's infrastructure, the rise in population, and the growing interest of foreign investors.

New Cairo is a planned city located in the eastern part of Cairo, which was established in the early 2000s to alleviate the overcrowding of the capital. The city spans over 70,000 acres and is divided into several districts, each with its own unique character and amenities. The Third Quarter of the year is typically a busy period for real estate in Egypt, and this year was no exception.

One of the main drivers of growth in New Cairo is the government's commitment to developing the city's infrastructure. In recent years, the government has invested heavily in the construction of new roads, bridges, and public transportation systems, which has made the city more accessible and attractive to residents and investors alike. This has led to an increase in demand for residential and commercial properties, particularly in areas close to major transportation hubs.

Another factor contributing to the growth of New Cairo is the rise in population. With a growing middle class and an increasing number of young professionals, there is a greater demand for affordable and high-quality housing options. Developers have responded to this demand by building new residential projects that cater to different income levels and lifestyles.

Foreign investors have also shown a growing interest in New Cairo, attracted by the city's strategic location, favorable investment climate, and potential for high returns. The government has implemented several measures to encourage foreign investment, including the introduction of new laws and regulations that make it easier for foreigners to invest in Egyptian real estate.

Overall, the Third Quarter of New Cairo has been a period of significant growth and activity in the real estate sector. With the government's continued commitment to developing the city's infrastructure, the rise in population, and the growing interest of foreign investors, the future looks bright for New Cairo's real estate market.