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May 26, 2022 | Properties

How much does it cost to rent in Cairo?

How much does it cost to rent in Cairo? | Properties Egypt #3171 - 1 image

How much does it cost to rent an apartment in Cairo?Cairo is the ancient capital of Egypt and one of the very old and always inhabited cities, and it is considered a super vital center in the entire Arab region. Although Cairo is also one of the most populous cities in the world, it is always a destination for work and stability, and all those coming to Cairo have the first question in their minds: How much does it cost to rent an apartment in Cairo?When we talk about Cairo, we mean a place larger than any ordinary city in the world. Cairo itself is a city and an entire governorate, officially comprising thirty-seven large neighborhoods distributed on the four sides, east, south, west and north, and all its neighborhoods are residential and densely populated, and everyone asks: How much does it cost to rent an apartment in Cairo? Or ask about the cost of apartment prices in different neighborhoods within Cairo.Cairo since ancient times is an important city internationally because it includes a wonderful diversity in the cultural, commercial and economic movement, in addition to being one of the most important cities in the world on the map of historical tourist places, and because many foreigners come to it permanently, we note that the search for an apartment for rent in Cairo is very active, and also Egyptian citizens, they are looking for an apartment for rent in Cairo, for several reasons, not everyone has the ability to buy an apartment, and sometimes the purpose of renting an apartment in Cairo is to stay for a certain period only to study or work, so it is important to take a look and answer our question: How much does it cost to rent an apartment in Cairo?In numbers; How much does it cost to rent an apartment in Cairo?The neighborhoods of Cairo are many and vary between the old neighborhoods and the new neighborhoods and the developed urban expansion that is now rising on the outskirts of Cairo. Therefore, the cost of renting an apartment in Cairo varies acc...

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May 27, 2022 | Discussions

Analysis: Real estate market in Egypt

Analysis: Real estate market in Egypt | Discussions Egypt #3179 - 1 image

How is the real estate market in Egypt?The real estate market in Egypt is a broad and multi-field concept, and here we must take a deeper idea about the main points that make up the real estate market in Egypt:1- Real estate is so influential sector for the Egyptian economy, as real estate represents about a "third and a half of a third" of the wealth of Egyptian families from the middle and high-income classes, and even more than that for the low-income class. In addition, indicators of the success of the future of real estate investment in Egypt are witnessing a doubled growth in its revenues at the level of the Egyptian Stock Exchange, as the real estate sector has grown by more than 20 percent recently, and its total contribution to the GDP has exceeded 10 percent.2- The real estate market in Egypt is not a "single homogeneous sector" across the country, as this market is "divided geographically" between Cairo, the coastal areas, and the rest of the regions throughout Egypt. Most discussions about real estate focus on the first and second categories while the rest of the market does not get enough coverage. The real estate market in Egypt can be divided in another way in terms of category, where we find luxury housing, luxury apartments, medium housing and social housing. The last three categories of this division receive less attention, although they are very profitable, and are considered one of the indicators of the success of the future of real estate investment in Egypt, as it is a golden and guaranteed opportunity.3- The real estate market in Egypt is going through a "bubble", as the rate of increase in real estate prices is much higher compared to the rate of increase in construction and finishing costs. These prices feed the investment objectives and not the real demand to move or upgrade. This "bubble" is exacerbated by the sharp decline in the value of the Egyptian pound, where real estate acts as a sto...

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May 31, 2022 | Discussions

Investment: buying property in Egypt

Investment: buying property in Egypt | Discussions Egypt #3284 - 1 image

Is buying property in Egypt a good investment?Of course, we are talking about buying a property in the largest populated Arab region, and one of the most important countries that host nationalities from all over the world for tourism, residence and work, in addition to the fact that Egypt is a developed country in the real estate sector and is very open to modern construction and housing projects, and the real estate movement has never stopped.Therefore, buying property in Egypt is a good investment and guaranteed profits, and because Egypt is a wide country and many areas, you must think carefully before choosing a suitable property to be a good long-term investment: Choose an area with a growing population in Egypt, but stay away from popular and crowded places.• Choose a strategic area, close to public facilities such as schools, government agencies, hospitals, and other shopping centers.• Choose an area where buying and renting is in great demand in Egypt.• Choose an area where the offers suit your financial capabilities and provide you with suitable payment facilities.• Choose an area that provides you with guaranteed profitability in Egypt, in which the purchase prices are lower than the selling prices and the monthly rental installments allow you to recover the value of the property in the shortest possible period.• Choose an area where the real estate infrastructure is solid buildings and housing projects established by well-known contracting companies in the real estate market.After you have intelligently chosen the location of your property in Egypt, you must check several other things in order for your investment to remain secure and safe:- Do not rely on your own criteria in choosing the property you want to invest in Egypt. In fact, this accommodation will not be your main residence and personal criteria can make you illogical in your decision which takes you away from your main goal: to search for a profitable investment.&rdquo...

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Jun 03, 2022 | Properties

How much does an apartment in Egypt cost

How much does an apartment in Egypt cost | Properties Egypt #3371 - 1 image

How much does an apartment in Egypt cost?The cost of buying an apartment in Egypt is a very broad topic, because it depends on many factors such as the area of the apartment, its space, its internal specifications, and so on. Egypt is characterized by the fact that it includes many areas in addition to the fact that it has many housing projects, when we talk about: How much does an apartment in Egypt cost? We must define more our goal, to take an idea of the most desirable areas of Cairo for housing:Away from the compounds and projects of the Ministry of Housing, a large sector of citizens is looking for the cheapest housing units, which are less than 500,000 Egyptian pounds, in order to be suitable for their purchasing capabilities, because the lowest unit in any compound has become more than one million Egyptian pounds, and the same applies to housing projects other than housing social.- The price per square meter in Sakiet Makki and Umm El Masryen areas in Giza has reached 2600 to 2800, meaning that the cost of an 80-square-meter apartment ranges between 208 thousand and 224 thousand Egyptian pounds, and these apartments are unfinished with “red bricks.”- The "Al-Haram" and "Faisal" areas are among the most demanded areas for apartments, and the prices of apartments with an area of 85 square meters have reached 250 thousand unfinished in the "Talbeya", "Al Thalatini" and "Marriotia" areas, while the semi-finished apartment has reached 500 One thousand Egyptian pounds in the areas of "Al-Thawra Street" and "Nasr El-Din".In the “Faisal” area, the prices of apartments reach 280,000 unfinished, and up to 300,000 Egyptian pounds, according to the location and floor of the apartment in “Al-Talbeya” and “Al-Koum Al-Akhdar” streets, while they reach 400,000 EGP in “Al-Taawun” Street.- In the “Hadayek Al-Ahram” area in Giza, the pri...

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May 22, 2022 | Properties

- Can foreigners buy property in Egypt?

- Can foreigners buy property in Egypt? | Properties Egypt #3085 - 1 image

Can foreigners buy property in Egypt?Egypt is the first country that opened the door for foreigners to buy property, because Egypt is interested in developing the real estate market and revitalizing the Egyptian economy sector, and because Egypt is one of the most important regions for tourists from all over the world, and the tourism sector is always in need of renewal and supplying the region with huge and foreign investments.In addition, the decision to allow foreigners to buy property in Egypt helps balance the real estate market between supply and demand, and contributes to increasing job opportunities for Egyptian citizens.Egypt allowed foreigners to buy property with ease and through simple and uncomplicated transactions. Through the passport that proves the identity of foreigners, they can own a property, in addition to some conditions such as:1- Foreigners can buy two real estate properties in Egypt as a maximum for ownership.2- Foreigners must adhere to a full area of ​​the two properties that does not exceed eight thousand square meters, and the area of ​​one property must not exceed four thousand square meters.3- Foreigners must adhere to the purpose of real estate when buying property, such as residential or commercial real estate, or for the purpose of investment.4- Foreigners must commit themselves to start implementing their investment in real estate (empty land) in Egypt within a maximum period of five years.5- Foreigners have the right to dispose of real estate ownership in Egypt after five years from the date of the ownership contract registered in their name.6- There are areas prohibited for foreign ownership in Egypt, especially real estate located in areas classified as “heritage or antiquities”, or real estate lands on the state borders, as well as agricultural lands are prohibited for foreign ownership.Do foreigners who buy property in Egypt profit?Of course, if the purchase is for the purpose of investment, you will defin...

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May 13, 2022 | Properties

Is Egypt a good place to invest property

Is Egypt a good place to invest property | Properties Egypt #2998 - 1 image

Is Egypt a good place to invest in real estate?If you are a businessman or investor and want to invest your money and want to increase your profits, then real estate investment in Egypt is the best, as this type has spread in abundance recently, as new cities have increased and spread in all governorates of Egypt in order to reduce the population burden on the major areas in the governorates, and although these cities are far from the major areas in the governorates, but the idea of investing and residing in these places won the admiration of investors.How is it good to invest in real estate in Egypt?Real estate investment in Egypt is putting your money in buying and selling real estate, and the new cities are considered one of the best and most beautiful real estate investment areas in Egypt, where there are many units at reasonable prices for all investors and those wishing to live.All residential projects in new cities offer the appropriate installment systems, and therefore you can buy the real estate at a low price and sell it after a period at a higher price. This is called investment in the real estate field, so this investment is considered one of the safest types of investments that have been popular worldwide by investors and businessmen.But in Egypt, we must remind you that real estate investment has many requirements, the most important of which is the investor’s search for a long or short period until he finds the right real estate at the right price and with time, you can find a great profit from it, so you must be patient and committed until you find what you want, and pay the installments must be made regularly.Since you are interested in this question: Is Egypt a good place to invest in real estate? We would like to give you a glimpse of the most important tips that will guarantee you a profitable investment in Egypt:- Conducting a comprehensive feasibility study for all new residential projects and projects that have not yet been implemented ...

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