The most affordable and attractive destinations for real estate buyers in Cairo

Real estate, Cairo, is Egypt's capital and largest city and the country's cultural, political, and economic center. It is home to over 20 million people and hosts many historical and modern attractions, such as the Pyramids of Giza, the Egyptian Museum, the Cairo Tower, and the Nile River. Cairo is also a business, education, entertainment, and tourism hub, attracting millions of visitors annually.

Cairo's residential real estate market has seen the most growth in the last year, with rents increasing by up to 8% Y-o-Y1 in some areas. In 2021, approximately 19,000 residential units were completed in Cairo, bringing the governorate's total residential stock to 227,0001. This is a 40% increase over the previous year when only 2,500 residential units were delivered1. Most of the residential supply completed in 2021 will be significant mixed-use developments, with some developers opting for smaller-scale projects to manage cash flows.

Cairo offers many properties for sale, from apartments and villas to penthouses and townhouses. You can find properties in different neighborhoods and districts, such as New Cairo, Maadi, Zamalek, Heliopolis, Nasr City, and Mohandessin. The average price per square meter for an apartment in Cairo is around EGP 14,000 (USD 450), while the average price per square meter for a villa is around EGP 25,000 (USD 800). 2. However, prices vary significantly depending on the property's location, size, quality, and amenities.

If you are looking for the most affordable and attractive destinations for real estate buyers in Cairo, here are some of the best options to consider:

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New Cairo

New Cairo is a new city that was established in 2000 to accommodate the growing population and demand for housing in Cairo. It is located about 30 km east of Cairo and covers an area of about 294 sqkm. New Cairo is designed to be a modern and green city that offers a high quality of life and various services and facilities. It has many prestigious universities, schools, hospitals, malls, clubs, and parks.

New Cairo's residential real estate market is one of the most active and diverse in Cairo. You can find properties in different zones and compounds that cater to different tastes and budgets. Some of the most popular residential areas in New Cairo are Fifth Settlement (Tagamoa El Khames), Katameya Heights (Katameya El Ola), Rehab City (Al Rehab), Madinaty (Al Madina), and Mountain View (Al Jabal). The average price per square meter for an apartment in New Cairo is around EGP 12,000 (USD 385), while the average price per square meter for a villa is around EGP 20,000 (USD 640).

New Cairo is an ideal destination for real estate buyers who want a peaceful and spacious lifestyle in a well-planned and serviced city that offers convenience, security, comfort, and sustainability.

Maadi

Maadi is one of the oldest and most established neighborhoods in Cairo. It is located about 12 km south of Cairo and covers an area of about 25 square km. Maadi is known for its greenery, architecture, and cosmopolitan atmosphere. It is home to many expatriates, diplomats, and upper-class Egyptians who enjoy its quiet and elegant charm.

Maadi's residential real estate market is one of the most stable and attractive in Cairo. You can find properties in different areas and styles that reflect the history and diversity of Maadi. Some of the most popular residential areas in Maadi are Old Maadi (Maadi El Qadima), Degla Maadi (Maadi El Degla), Sarayat Maadi (Maadi El Sarayat), and Zahraa Maadi (Maadi El Zahraa). The average price per square meter for an apartment in Maadi is around EGP 10,000 (USD 320), while the average price per square meter for a villa is around EGP 15,000 (USD 480).

Maadi is an ideal destination for real estate buyers who want to enjoy a cozy and classy lifestyle in a green, friendly neighborhood with culture, community, and history.

Zamalek

Zamalek is one of the most prestigious and exclusive neighborhoods in Cairo. It is located on an island in the Nile River that covers an area of about 4 square km. Zamalek is known for its luxury, beauty, and sophistication. It is home to many celebrities, artists, and politicians who enjoy its lively and vibrant ambiance.

Zamalek's residential real estate market is one of the most expensive and competitive in Cairo. You can find properties in different buildings and designs that offer stunning views of the Nile and the city. Some of the most popular residential areas in Zamalek are Abou El Feda Street (Sharia Abou El Feda), Gezira Street (Sharia El Gezira), Brazil Street (Sharia Brazil), and Mohamed Mazhar Street (Sharia Mohamed Mazhar). The average price per square meter for an apartment in Zamalek is around EGP 25 000 (USD 800), while the average price per square meter for a villa is around EGP 40 000 (USD 1 280).

Zamalek is an ideal destination for real estate buyers who want to enjoy a luxurious and glamorous lifestyle in a beautiful, dynamic neighborhood with entertainment, fashion, and art.

Conclusion

Cairo is a city that offers many opportunities and advantages for real estate buyers. You can find properties that suit your budget, preferences, and goals in different locations and markets. Whether looking for a modern city, a green neighborhood, or a Nile island, you can find your dream property in Cairo.

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