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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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May 21, 2022 | Directory

Can foreigners rent a property in Egypt?

Can foreigners rent a property in Egypt? | Directory Egypt #3079 - 1 image

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 Egyp...

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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 10, 2022 | Properties

Today, is Egypt good for real estate?

Today, is Egypt good for real estate? | Properties Egypt #2970 - 1 image

Is Egypt good for real estate?A natural question during the volatile conditions experienced by all countries of the world!But given Egypt's great history in the real estate world, we can assure you that Egypt is good for real estate. The real estate market in Egypt is good in all cases, and the decline and rise in prices is a normal thing that occurs in all real estate markets in the world. But it is certain that Egypt never stopped the real estate movement, the growing interest in the issue of real estate in Egypt occupies an important part of the comprehensive and permanent development process in Egypt.Today, is Egypt good for real estate?Let us tell you that we cannot evaluate the quality of the real estate market today through a global rise in prices, as international emergency conditions change economic indicators temporarily, because we confirm that the real estate market in Egypt is indeed one of the best real estate markets, and the Egyptian economy has been able to prove that it is able to overcome challenges and circumstances wonderfully, and the best example is its ability to recover quickly from the effects of the (Covid 19) pandemic, and the real estate market in Egypt has achieved very good profit rates during this pandemic, making it the best real estate market in the region.The rise in prices today affects all sectors, including the real estate sector in Egypt, but economic experts believe that it is a normal period with positive signs for the Egyptian real estate market to flourish again, with full force and effectiveness.There are many things that indicate that Egypt is good for real estate at this particular time:- The real estate market in Egypt is characterized by encouraging laws that help investment and purchase and make the real estate movement always active. In addition to bank facilities and renewable real estate financing on incentive terms.- The huge projects that have been planned in Egypt to build new cities and expand housing proje...

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May 27, 2022 | Directory

Apartment for rent in Cairo for students

Apartment for rent in Cairo for students | Directory Egypt #3180 - 1 image

How much does it cost to rent an apartment in Cairo?One of the very common questions in the Egyptian real estate sector, especially the question of young people and students of prestigious universities in Cairo, about the cost of renting an apartment.Cairo includes prestigious universities, intended for Arab and foreign students from all over the world, especially those interested in studying at Al-Azhar University, Cairo University, or Ain Shams University. So, here, let us give these students a quick overview of the cost of renting an apartment in Cairo within the Nasr City area, which is close to these universities:The cost of renting an apartment in Cairo within "Nasr City":Nasr City neighborhoods are the closest to Al-Azhar University, where students rent apartments. The cost of renting an apartment in Nasr City starts from 250 pounds per month for a student in a small apartment or room, bathroom and kitchen. Students can also participate in renting an apartment together and dividing the rent amount among themselves, where there are apartments for 2000 Egyptian pounds, furnished and equipped, two rooms and a hall, and the prices increase according to the area of the apartment and its proximity to the university and services.How much does it cost to rent an apartment in Cairo within the "Sixth District - Nasr City"?The sixth district in Nasr City is the closest to Al-Azhar University for male and female students, as well as the Al-Azhar university cities, where there are a number of apartments for rent for students, either individually or jointly with a number of students.The average rent price for the sixth district in Nasr City starts from 350 pounds per month and increases to 500 pounds in apartments with small areas and far from the main streets. In the case of large spaces or the apartment being near the university headquarters, the price starts from 3000 pounds per month, especially in the case of the residential building is close to re...

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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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