May 21, 2022

Can foreigners rent a property in Egypt?

Can foreigners rent property in Egypt?

A really common question, due to several main factors, the most important of which are:

1- Egypt is one of the most important countries on the world tourism map, characterized by amazing historical landmarks such as the pyramids that attract foreign tourists from all over the world, and Egypt is full of antiquities, as it is not limited to the “pyramids of Giza” area. Foreigners prefer to rent a property (apartment) in Egypt because tourism between the archaeological tourist areas requires some time and accommodation.

2- Egypt is a country with many events, festivals and conferences, and in various artistic, scientific, cultural and medical fields. Egypt is a civilized country and open to the cultures of the world, many foreigners come to participate in its activities. Therefore, foreigners also prefer to search for a property for rent in Egypt to make their stay comfortable.

3- Egypt is a distinguished country for education, and Egyptian universities are very ancient and have their scientific standing. We remind you here that “Al-Azhar University is the third oldest university in the world,” and many foreign students come to it and to the very prestigious Cairo University as well.

Studying in Egyptian universities is characterized by the fact that it offers excellence in educational attainment in addition to being less expensive than others, and all foreign students can rent a property to live in Egypt throughout their education.

4- Accommodation in a property for rent is considered cheaper compared to hotel prices in Egypt, so foreigners prefer this option, especially for long-term rent.

Can foreigners rent a property in Egypt? What are the most desirable areas to rent to foreigners?

Foreigners can rent a property in Egypt like any Egyptian citizen, provided that he possesses a valid residence card for the duration of the property lease.

Of course, there are areas that foreigners prefer more than others in Egypt, but this is also related to the purpose of foreigners residing in Egypt. The search for areas for foreigners to rent for the purpose of tourism is different from searching for areas for foreign rent for the purpose of studying, and there are foreigners who are looking for areas for residential rent for a long stay due to work or family stability.

In order, we say that the areas of Egypt that are most in demand for renting foreigners are:

Nasr City, Maadi, Zamalek, Dokki, neighborhoods close to universities such as Al Haram, Abbasiya, Heliopolis, and modern cities in Egypt have become very desirable for foreigners to rent, such as Madinaty. Al-Rehab, 6th of October City.

Prices of renting a property (residential) for foreigners in Egypt:

Residential real estate rental prices in Egypt vary according to the region and its advantages, in addition to the advantages of residential real estate as well, but we can give you a glimpse here about the average rental property (apartment) in the most desirable areas for foreigners to rent in Egypt:

- In the "Giza" area: the prices for renting a residential property (apartment) start from three thousand Egyptian pounds and reach ten thousand.

- In the "Obour City" area: the rental prices of a residential property start from two thousand Egyptian pounds for a small apartment, and prices reach up to eleven thousand pounds.

- In the “Shorouk City” area: prices start from three thousand pounds for a residential apartment and reach up to eight thousand.

- In the areas of "New Cairo": the prices for renting a residential property start from five thousand pounds and reach up to ten thousand.

- “Maadi” and “Zamalek” areas: the prices for renting a residential property for foreigners or for Egyptians start from three thousand pounds and reach up to twelve thousand pounds.