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Apartments - Apartment for sale in the most prestigious neighborhoods of Zamalek

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Cars For Rent in Egypt

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Jobs in Egypt

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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 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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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 31, 2022 | Properties

Real estate market in Egypt: Statistics

Real estate market in Egypt: Statistics | Properties Egypt #3286 - 1 image

What is the real estate market like in Egypt?Let's look at a general view of the real estate market in Egypt, where those wishing to buy residential properties express in preparation to pay a premium of up to 45% to acquire a property in one of the communities that provide amenities and luxury, especially those located in the new development areas. Although the price per square meter exceeds 18 thousand pounds in such places, compared to an average of 14.5 thousand at the level of Greater Cairo, the demand for luxury housing has become a milestone for the real estate market in Egypt, and its luster is not expected to fade in the foreseeable future.The real estate sector represents about one-fifth of the GDP of the economy in Egypt, and is witnessing a steady growth, supported by the increase in the population of two million people annually, as well as the movement of movement from the countryside to the cities at a rate of 2% annually.These factors boost the demand for residential real estate in the real estate market in Egypt, especially the capital, Cairo, which has expanded over the past decades. Today, the residential centers in the Egyptian capital include the traditional downtown Cairo area, and in its east, New Cairo and Shorouk City, up to the new administrative capital under construction. It also includes the existing West Cairo area and the West Cairo extension area under development. The new areas are considered the largest source of the supply of housing units.The statistics of the most important real estate consultancy companies determine the size of the real estate market in Egypt, specifically housing properties at the level of Greater Cairo at 7.1 million housing units, and it is expected to rise to 7.6 million units by 2025.It is worth noting that 20% of the additional units are of the luxury category known as "Lux", specifically in the two areas of New Cairo to the east, especially the Fifth Settlement, and west of Cairo, where the ci...

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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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