Madinet Masr Housing and Development, the Egyptian real estate firm led by Abdallah Sallam, has received regulatory clearance for its SAFE fund, a fractional real estate ownership platform that has already recorded 370 million in transactions and attracted more than 70,000 users since its launch in December 2024.
The Financial Regulatory Authority FRA approved the establishment of the SAFE Real Estate Fund and SAFE for Securities Promotion, Underwriting, and Real Estate Investment Fund Management. The decision makes SAFE one of the first accredited players under Egypts new rules for fractional property ownership.
Growing interest in fractional ownership