Egypt is preparing to overhaul the regulation of its real estate development market through a draft law establishing the Egyptian Federation of Real Estate Developers and introducing new rules for company classification, unit sales, buyer protection, and the handling of stalled projects. The draft law would require developers to open a separate bank account for each project or development phase, with all payments collected from buyers under sales contracts deposited into the designated account. The funds would be restricted to the relevant project and could not be used to finance other developments or for purposes outside the account’s scope. Under the proposed framework, withdrawals from each project account would be linked to the construction schedule and actual completion rates, based on a report prepared by the project’s appointed consultant and approved by the Egyptian Federation of Real Estate Developers.