Egypt is generally famous for its beautiful and friendly atmosphere as well as being home to one of the oldest civilizations in the history of mankind. Such an atmosphere combined with Egypt’s rich history results in a diverse selection of Real Estate sites, many of which are excellent choices for people looking to buy property. The state is also keen to provide an integrated residential environment for its residents, which typically would include a variety of shopping centers, schools, hospitals, and luxury residential complexes that include various services and facilities to meet the daily needs of the population. In this article, we will talk about the best areas to buy a property in Egypt.
Areas to Buy Property in Egypt
The options for the best places to buy apartments in Egypt are typically spread between New Cairo, 6th of October, Giza, among other areas. Below are the best places to buy an apartment in Cairo in particular, and in Egypt in general:
New Cairo
We start off with New Cairo, which is one of the third-generation cities in Egypt, and as the name suggests, it is located in Cairo Governorate, and is administratively affiliated to the New Urban Communities Authority. It is one of the largest new cities in Egypt in terms of area (58 thousand acres). It consists of several residential communities, namely the Fifth Settlement, Rehab, the First and Third Settlements among a few others. The city is located east of the ring road between the Cairo-Suez Desert Road and the Cairo-Ain Sokhna Road. Apartments for rent in New Cairo City are available at competitive prices along with premium services and are generally known for their beautiful urban designs.
6 October
The 6th of October City is one of the new cities of Giza Governorate, and it is classified as both a residential and industrial city. It was named after the military victory on the Sixth of October back in1973. Despite being a modern city, the decision to establish it dates back to the era of the late Egyptian President Anwar Sadat and was issued in 1979. However, the decision encountered many obstacles throughout the years, until a modern presidential decree was issued much later in 2008 to finally establish the city.
The city is known for its relatively low population and low temperature, as well as its distinctive Real Estate prices, where apartments and duplexes are available for rent in 6th of October at competitive prices, and various sizes. Real Estate projects there are quite diverse and so, are suitable for all segments of the population, including low-income people. On the other hand, many luxurious Real Estate projects have also been built to encourage investors from abroad to invest there. Moreover, there are duplexes and villas available for sale there that come with international specifications and competitive prices. Installment payments is an option for some of them as well.
Sheikh Zayed
Sheikh Zayed is one of the latest urban expansions in western Egypt and is affiliated with the Ministry of Housing and Urban Communities. It is a wonderful addition to the mother city of Sheikh Zayed, it extends over an area of 21,000 acres, in the northwest of the mother city of Sheikh Zayed. Its construction aims to reach a population of about 300,000 to 1000000 people upon the completion of the expansion phase.
Its location is close to many important landmarks in the city, such as the Smart Village, the industrial zone in Abu Rawash, and West Cairo Airport. It is also easily accessible through a number of main roads, such as: the 26th of July Corridor, the Cairo-Alexandria Desert Road, Raa El Nozha, Hyper, among many others.
Shorouk City
El Shorouk City has recently attracted the attention of many, whether those who were looking for housing or investment. It has even drawn interest from famous Real Estate development companies, due to its strategic location away from the congestion and overpopulation of Greater Cairo, while maintaining the availability of all the necessities of life and all services/service facilities, all of which come with excellent quality.
It was established back in 1995 but today it is one of the most important new cities in eastern Cairo. Its developers were quite keen on ensuring that all residential projects are surrounded by as much green spaces as possible. The city was built on a spacious area of about 11 thousand square kilometers and is located specifically at kilo 337 on the Ismailia Desert Road, a few minutes’ drive from New Heliopolis. It is also known for being one of the closest cities to the New Administrative Capital as well as Madinaty and Badr City, which makes it quite easily accessible from almost anywhere in Cairo.
El Shorouk City has a variety of ideal housing options for those looking to live in a private, high-level community, without having to pay a high price for it. This is primarily because apartments and villas in El Shorouk City are known for their reasonable prices considering their excellent quality.
So that was our list of the best areas to buy a property in Egypt. We advise you to look at our published article “A general look oat Egypt’s Residential Real Estate Market Performance between 2021 and 2023” to get a better idea of the size of the residential real estate market in Egypt, and how much it is expected to grow.
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