Monday 23 Dec
Talaat Moustafa Group (TMG) has successfully achieved a record-breaking sales performance in the fiscal year 2024, surpassing half a trillion Egyptian pounds (approximately 10 billion USD).
The Group reported an unprecedented sales volume during the current year, reaching nearly 28,000 units, a significant increase from the 17,000 units sold in 2023. Notably, sales value skyrocketed 3.5 times compared to the 143 billion Egyptian pounds achieved in 2023.
In a market disclosure, TMG
highlighted this achievement as a new milestone in its journey, affirming its
strength and robust operational processes, and its pioneering role as the first
Egyptian real estate company to achieve this record level of annual sales in
the modern history of the Egyptian real estate market.
This outstanding sales
performance has positioned Talaat Moustafa Group at the forefront of the
regional real estate market. With the highest unit sales volume in the region
and the second-largest sales value among listed real estate companies, TMG
demonstrates the strong appeal of its projects, despite the relative price
differences in the Egyptian market.
The success of the SouthMed project on the North West Coast of Egypt, along with the Group's significant success in entering the Saudi market, has solidified its leadership position in both the Egyptian and regional markets.
