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Apartments for sale in Sheikh Zayed - 16th District

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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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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 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 08, 2022 | Discussions

How is the real estate market in Egypt?

How is the real estate market in Egypt? | Discussions Egypt #2962 - 1 image

How is the real estate market in Egypt?Here we can give you an initial overview showing how the real estate market has developed in Egypt over the past years, according to the 2017 stats:The number of buildings in Egypt reached sixteen million and 185 thousand buildings according to the census in 2017, compared to 11 million and 594 thousand buildings in the 2006 census, an increase of 5.39%, representing 2.91% of the buildings designated for housing, and the real estate wealth is estimated at nearly 3 trillion Egyptian pounds. There are many forms of real estate wealth in Egypt between lands capable of urban development and lands occupied by buildings and the buildings on them.The real estate market in Egypt has gone through many stages like other real estate markets in the Arab countries, including changes in laws, including stagnation due to international conditions, and due to the conditions of the Covid virus pandemic that affected the whole world.But the real estate market in Egypt is considered a market of great importance in the region, for several reasons such as the large size of Egypt, and because of its huge population, in addition to the fact that the new laws helped the real estate development in Egypt to grow rapidly.The most important laws that helped the real estate market in Egypt thrive and develop:1- Controlling, identifying and documenting state lands, so that they become raw land ready for investment and suitable for real estate development projects.2- Activating the role of the real estate tax system in order to limit violations in the old building, and to regulate the process of modern construction.3- Amending the old systems of renting, and building new suitable systems that guarantee the rights of the owner and the lessor of real estate.4- Paying attention to the real estate appraisal process, which determines the real value in the real estate market, and this makes investing in the real estate market in Egypt safer and more confident.5- Th...

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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 11, 2022 | Properties

Glimpse: Do people own land in Egypt?

Glimpse: Do people own land in Egypt? | Properties Egypt #2979 - 1 image

Do people own land in Egypt?All Egyptians can own land in all parts of the country, but Egyptian laws set certain conditions for non-Egyptian foreigners to own land and real estate.It is known that Egypt has many agricultural lands, but these agricultural lands are only sold to those who hold Egyptian citizenship.As for the other lands (empty land), it is like any other real estate that an Egyptian and a foreigner can buy.As for the most important laws of foreign ownership of land in Egypt, they are:- Owning only two real estate in Egypt.- The maximum total area of real estate owned by a foreigner is eight thousand square meters, and the maximum for each land or property is four thousand square meters.- The process of construction or investment in the land purchased by the foreigner must be carried out within a period of five years, or his authority to dispose of this land must be suspended.- The areas identified by Egypt as belonging to the protection of antiquities are, of course, prohibited from selling.Do people own land in Egypt? Why has such a question become so popular for non-Egyptian foreigners?The land of Egypt is a wonderful opportunity for investment. We are talking here about a very ancient land with diverse terrain and geography, and in many ancient and modern cities and cities under construction now.Egypt is characterized as a country that is very open towards modern civilization, and all its modern cities have been designed to be fourth-generation cities, i.e. smart and developed cities with modern technology and take into account the standards of sustainability.People own land in Egypt within the new urban complexes:The authority responsible for real estate development in these modern complexes and cities presents a set of organized plots of land for sale in modern areas in Egypt.In the latest real estate statistics that monitor the process of selling lands in the cities of Egypt, it was noted that lands designated for industrial and service activit...

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