The newly approved entities are the SAFE Real Estate Fund and SAFE for Securities Promotion, Underwriting, and Real Estate Investment Fund Management.
According to a company statement, the SAFE app was developed
by Madinet Masr's subsidiary, Minka Real Estate Investment, under its Madinet
Masr Innovation Labs. It is described as the first application of its kind in
Egypt to offer investors the opportunity for fractional real estate ownership.
The company said the platform has achieved significant
milestones since its launch in December 2024. Transaction values have exceeded
370 million Egyptian pounds ($12 million) and more than 7,400 real estate
shares have been sold. The app has attracted over 70,000 users.
The statement noted that more than 2,800 investors have
received a monthly rental income with an average annual return of 10%. The
company added that many of these returns are linked to the U.S. dollar exchange
rate, which enhances the platform's reliability.
The SAFE platform allows for real estate share investments starting at 50,000 Egyptian pounds, aiming to broaden access to the real estate market and support Madinet Masr's strategy of financial inclusion.