For institutional fund strategies, New Administrative Capital (NAC) carries the strongest investor flag in Cairo, with prime yields around 9%.

  • Trophy submarket (New Administrative Capital (NAC)) carries the strongest investor flag.
  • Prime yield: 9%.
  • Core funds buy income; value-add buys repositioning of secondary stock.
  • Cap-rate spread between trophy and secondary has widened post-2022.

Cairo office fund strategy and flag

For institutional fund strategies, New Administrative Capital (NAC) carries the strongest investor flag in Cairo, with prime yields around 9%.

TL;DR

  • Trophy submarket (New Administrative Capital (NAC)) carries the strongest investor flag.
  • Prime yield: 9%.
  • Core funds buy income; value-add buys repositioning of secondary stock.
  • Cap-rate spread between trophy and secondary has widened post-2022.

Where core funds buy

Core capital concentrates in trophy stock with long-WAULT income. In Cairo, that's New Administrative Capital (NAC) and assets like Iconic Tower (NAC), Smart Village Cairo.

Where value-add looks

Value-add capital looks at secondary Class A and convertible Class B with repositioning angle. The trophy/secondary cap-rate spread has widened post-2022, which has reopened the value-add basis for repositioning plays.

Key facts

cityCairo
countryEgypt
regionEMEA
classARentLocal150 USD/sqft/yr
classARentUsd$150/sqft/yr
vacancy18.6%
typicalLeaseYears3
typicalRentFreeMonths4
submarkets5
primeYieldPct9%
primeYield9%
trophyAnchorNew Administrative Capital (NAC)

Frequently asked questions

Where do core funds buy in Cairo?
Trophy submarket — New Administrative Capital (NAC) — and the most defensible long-WAULT assets within it.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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