الساعة اتنين دلوقتي.

A common Egyptian pronunciation is:

es-sāʿa itnēn دلwaʔti / دلwaʔti

More clearly written in one line:

es-sāʿa itnēn دلwaʔti → usually transliterated as es-sāʿa itnēn dilwaʔti

A few notes:

• الساعة is pronounced es-sāʿa, not al-sāʿa, because the ل in ال assimilates to the س.
• اتنين is pronounced itnēn.
• In دلوقتي, the ق is usually pronounced as a glottal stop in Egyptian Arabic: dilwaʔti.

In Egyptian Arabic, a very common way to tell the time is:

الساعة + number

So الساعة اتنين literally means something like the hour [is] two, but naturally it means It’s two o’clock.

This is just the normal time-telling pattern, so الساعة is not being used in a strange or extra way.

Because Arabic usually leaves out the present-tense verb to be.

So where English says:

• It is two o’clock now

Egyptian Arabic simply says:

• الساعة اتنين دلوقتي

This is called a nominal sentence. The meaning of is is understood automatically.

اتنين means two.

In Egyptian Arabic, اتنين is the normal colloquial form.
The form اثنين is more formal and closer to Modern Standard Arabic.

So:

• اتنين = everyday Egyptian Arabic
• اثنين = more formal / standard Arabic

A learner should definitely get used to اتنين, because that is what people commonly say in Egypt.

دلوقتي means now or right now.

In this sentence, it emphasizes the current time:

• الساعة اتنين = It’s two o’clock
• الساعة اتنين دلوقتي = It’s two o’clock now

It is a very common Egyptian Arabic word.

No. You can say:

• الساعة اتنين = It’s two o’clock
• الساعة اتنين دلوقتي = It’s two o’clock now

Adding دلوقتي just adds the idea of now / at the moment.
If the context already makes that clear, people often leave it out.

Because س is a sun letter.

When الـ comes before a sun letter, the ل is not pronounced separately. Instead, the following consonant is doubled.

So:

• written: الساعة
• pronounced: es-sāʿa

This is a general rule in Arabic pronunciation, not something special about this sentence.

That symbol represents the Arabic letter ع.

In الساعة, the word is ساعة, pronounced roughly sāʿa.
The ع is a consonant that does not exist in English. It comes from the throat.

You do not need to master it perfectly right away, but you should try not to ignore it completely.
So sāʿa is better than saying just saa-a.

Yes. Both are heard.

Common variants include:

• دلوقتي
• دلوقت

They both mean now.
دلوقتي is often clearer for learners to recognize and produce, but you will hear both in everyday Egyptian speech.

Yes. The most neutral version is:

• الساعة اتنين دلوقتي

But you may also hear:

• دلوقتي الساعة اتنين

Both mean essentially the same thing.
The difference is mostly one of emphasis or flow:

• الساعة اتنين دلوقتي focuses first on the time statement.
• دلوقتي الساعة اتنين starts with now, which can sound more like Right now, it’s two o’clock.

You can often use the same basic structure:

الساعة + number

For example:

• الساعة واحد = It’s one o’clock
• الساعة تلاتة = It’s three o’clock
• الساعة خمسة = It’s five o’clock

In Egyptian Arabic, this is a very common beginner pattern for telling exact hours.

Yes, it is clearly Egyptian Arabic because of words and forms like:

• اتنين instead of formal اثنان / اثنين
• دلوقتي for now
• the Egyptian pronunciation of ق as ʔ in دلوقتي

A speaker of Modern Standard Arabic would understand it, but it sounds colloquial and specifically Egyptian.

Not too much for this sentence.

You may notice that ساعة is grammatically feminine, but in the expression for telling time, learners usually just memorize the pattern as a chunk:

الساعة اتنين

That is the most useful approach at first.
Later, when you study numbers more deeply, you will see more agreement rules, but for telling time, it is best to learn the whole expression as a standard phrase.