RE/MAX Egypt eyes $340.5mn in clients’ sales in 2019

Big 5

Egypt’s property marketing firm, RE/MAX is targeting 6 billion Egyptian pounds ($340.5 million) in clients’ sales this year, said a senior official on Tuesday.

“We posted sales worth 3.25 billion pounds in the Egyptian real estate market during 2018,” its regional director Khaled Nasser said, adding that RE/MAX also achieved sales of 2.25 billion pounds in United Arab Emirates last year.

RE/MAX seeks to open 50 offices and 70 branches in 12 Egyptian governorates at the end of 2019, Nasser said. RE/MAX was established in Egypt in 2013.