May 23, 2022

Cost of renting an apartment in Cairo

How much does it cost to rent an apartment in Cairo?
There is no doubt that Egypt is an ancient and touristic country with distinction, and in recent years it has achieved an exceptional case in the proportion of tourists coming to it from all parts of the world.  Any spot in the world.  Egypt has a beautiful and charming nature, especially on the coasts, in addition to the most famous historical and archaeological sites in the world such as the Pyramids of Giza and the Sphinx, in addition to being a successful market for investing in and buying real estate. With regard to this particular sector, we will discuss in this article how to rent housing In one of the most famous Arab capitals, famous for its huge population density, which is Cairo.And how much does it cost you?. 

The price of renting a property in Cairo:

The price of renting any apartment or property in Cairo varies according to the quality of the location and location, and according to the quality of the property itself, its features, its view, the luxury of its decorations and the extent of its quality.

There is also a difference between the cost of renting local residents and the cost of hiring foreigners. 

In general, it can be said that renting any property that has a good location in Cairo is not less than 100 thousand dollars, and in some cases it may exceed this percentage to reach 200 thousand dollars, especially in an area known as the Compound, but the maximum price for renting a property in Cairo may reach  Million dollars and this price is linked to luxury villas.

For foreigners who want to rent an apartment in the heart of Cairo, the most places that may meet their aspirations and needs are located in New Cairo (Rehab Street) in addition to settlement 5th.  The cost of renting an apartment there is about 7500 Egyptian pounds, i.e. its value. The same applies to those who want to rent in Sixth of October Street, which is characterized by the quality of the location and services and the relatively high price of renting apartments, as it is one of the most high-quality areas of Cairo in terms of services, as well as the case  in the compound .

And all the apartments located in these places are equipped with the latest technology systems, in addition to ensuring general cleanliness and excellent infrastructure, which justifies the high cost of renting an apartment in these places, especially the Compound area, which is the most expensive at all.

Examples of the cost of renting in high-end areas:

The cost of renting apartments in Maadi ranges from 12 to 55 thousand pounds, and most of these apartments are luxurious and contain at least two bedrooms and two bathrooms.

The cost of renting an apartment in Madinaty, which is one of the compound areas, ranges from 18 to 25 thousand pounds.

The cost of renting an apartment in popular and lower quality areas, such as the downtown area:

The downtown area is less luxurious than the previously mentioned areas. In spite of its historical heritage, it is more crowded, less quiet, and more popular due to the fact that the majority of its residents are from the middle class.  The price of renting an apartment in the downtown area ranges between 4 thousand pounds to 10 thousand pounds, and the price of renting some apartments may reach 15 thousand pounds, depending on the street, or the view that this apartment provides and how close its location is to service centers in the city. 

Charles Building is one of the most famous downtown areas, where the price of renting an apartment ranges between 4 thousand and 15 thousand pounds. 

Imobilia is also one of the areas located in the center of the country. The price of renting an apartment in it ranges from 6 thousand pounds to 10 thousand pounds.