Real Estate Fund or Fractional Ownership? Two Ways to Invest in Egyptian Property

What a real estate investment fund is

A real estate investment fund collects money from many investors and uses it to buy and manage a portfolio of properties. Investors receive fund units. The value of each unit follows the value of the fund's properties and the income they produce, minus the fund's costs. The fund manager decides which properties to buy, how to lease them and when to sell.

In Egypt, real estate funds are regulated by the Financial Regulatory Authority (FRA), which sets rules on what they may invest in, how they are valued and what they must disclose. Each fund publishes its own terms: minimum subscription, fees, distribution policy, and how and when investors can redeem their units.

What fractional real estate is

Fractional real estate divides one specific property into shares. You choose the property, buy as many shares as you want, and your ownership percentage is your shares divided by the total. You receive that percentage of the property's net rent and of any gain when it is sold.

On Amtaar, each property is a named commercial unit, such as an office in Park Street East in New Cairo. Investors sign a common-ownership share-sale contract stating their percentage, and net rent is distributed quarterly on 1 January, 1 April, 1 July and 1 October.

The key differences, side by side

What you own: in a fund, units in a pool. With fractional ownership, a defined share of one identified property.

Who chooses the assets: in a fund, the fund manager. With fractional ownership, you choose each property yourself from the units on offer.

Diversification: a fund spreads your money across its whole portfolio in one step. With fractional ownership you build diversification yourself by buying shares in several properties.

Transparency: a fund reports on the portfolio as a whole. With fractional ownership you see the specific unit, its developer, its size, its lease status and the rent it pays you.

Income: a fund distributes income according to its own policy. On Amtaar, rent is distributed quarterly on fixed dates, after a 5% management fee.

Exit: fund units are redeemed or sold according to the fund's terms. On Amtaar, you can sell after the first year, either to a buyer you find yourself at no commission, or through Amtaar on the secondary market with a commission of 0.5% from the seller and 0.5% from the buyer.

Which one suits you

A fund tends to suit investors who want a single, hands-off holding with broad diversification from the first pound, and who are happy to leave asset selection to a professional manager.

Fractional ownership tends to suit investors who want to know exactly what they own, prefer to pick properties themselves, and value seeing the rent of each asset arrive in their account.

The two are not mutually exclusive. Many investors use a fund for broad exposure and hold direct shares in specific properties they believe in.

Where Amtaar fits

Amtaar Capital for Financial Investments is licensed by the FRA to promote and underwrite securities subscriptions. Through the Amtaar app, investors already buy shares in leased commercial properties in New Cairo and the New Administrative Capital. Under the partnership announced on 6 October 2026, Amtaar Capital will also provide the digital platform for the first issuance of the multi-issuance real estate fund that Beltone Asset Management is establishing.

Whichever route you choose, read the documents before you invest: the fund's terms, or the property's details, forecast and contract. Returns from real estate are not guaranteed, and projections are estimates, not promises.