Property or Location in Egypt

Current Trends in the Egyptian Real Estate Market in 2024

The Egyptian real estate market has been a dynamic sector, reflecting the country's economic shifts and urban development ambitions. In 2024, several trends are shaping the market, offering both opportunities and challenges for investors, developers, and homebuyers. We’ll delve into the key trends driving the Egyptian real estate market, providing insights that can help stakeholders make informed decisions. Urban Expansion and New Developments: -New Administrative Capital One of the most significant trends in Egypt's real estate market is the development of the New Administrative Capital (NAC). Located 45 kilometers east of Cairo, the NAC is designed to alleviate congestion in Cairo and foster economic growth. The project features residential, commercial, and governmental districts, attracting both domestic and international investors. The NAC promises modern infrastructure, smart city technologies, and green spaces, making it a focal point for future urban development. -Smart Cities and Technological Integration In line with global trends, Egypt is investing in smart cities. These cities integrate advanced technologies to improve living standards, enhance security, and optimize resource use. Projects like Smart Village and the New Alamein City exemplify this trend, offering high-speed internet, smart utilities, and innovative transportation solutions. Residential Real Estate Dynamics: -High Demand for Middle-Income Housing There is a growing demand for affordable and middle-income housing in Egypt. This trend is driven by the country’s young population and urbanization rate. Developers are increasingly focusing on providing housing solutions that cater to this demographic, with government initiatives like the Social Housing and Mortgage Finance Fund (SHMFF) supporting these efforts. -Luxury and High-End Market While there is a significant demand for affordable housing, the luxury segment is also thriving. Upscale developments in prime locations such as Cairo, Giza, and coastal areas like the North Coast are attracting high-net-worth individuals and expatriates. These properties often feature state-of-the-art amenities, private beaches, and exclusive communities. Commercial Real Estate Trends: -Retail Sector Transformation The retail sector in Egypt is undergoing a transformation with the rise of e-commerce. Traditional brick-and-mortar stores are adapting by integrating online platforms and enhancing in-store experiences. Additionally, new shopping malls and retail complexes are being developed in strategic locations, offering a mix of entertainment, dining, and shopping options. -Office Space Evolution The demand for flexible office spaces is on the rise, influenced by the global shift towards remote work and hybrid models. Co-working spaces and serviced offices are becoming popular, especially among startups and small businesses. The New Administrative Capital and major cities like Cairo and Alexandria are seeing a surge in such developments. Real Estate Investment and Foreign Interest: -Attracting Foreign Investors Egypt’s real estate market is increasingly attracting foreign investors, drawn by the country's strategic location, growing economy, and favorable investment climate. The government has implemented policies to make property investment more accessible for foreigners, including streamlined procedures and incentives. -Investment in Tourism Real Estate Tourism remains a vital sector for Egypt, and real estate developments tailored to this industry are flourishing. Coastal areas such as the Red Sea and the Mediterranean coast are seeing investments in resorts, holiday homes, and tourism-related infrastructure. These projects are not only enhancing the tourism experience but also providing lucrative investment opportunities. Challenges and Considerations -Economic Fluctuations The real estate market in Egypt, like any other market, is susceptible to economic fluctuations. Inflation, currency devaluation, and changes in interest rates can impact property prices and demand. Investors and developers need to stay informed about economic indicators and adjust their strategies accordingly. -Regulatory Environment Navigating the regulatory landscape can be challenging, especially for foreign investors. It is crucial to understand the legal framework governing property ownership, taxation, and investment incentives. Working with local experts and legal advisors can help mitigate risks and ensure compliance. The Egyptian real estate market in 2024 is characterized by significant growth and diversification. From the development of smart cities and the New Administrative Capital to the evolving residential and commercial sectors, the market offers numerous opportunities for investors, developers, and homebuyers. By staying abreast of these trends and understanding the associated challenges, stakeholders can make informed decisions and capitalize on the market's potential.

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Pay Over
6 Years
Down Payment
33%
Completion
2025 Q4

Granda El Sherouk

El Shorouk | EGYGAB Developments


Apartment, Penthouse
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Pay Over
3 Years
Down Payment
10%
Completion
2024 Q2

WBR (Waterway Branded Residence)

New Cairo | The Waterway Developments


Serviced Apartment
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Pay Over
7 Years
Down Payment
15%
Completion
2024 Q1

La Vista City

New Capital | La Vista Developments


Villa, Townhouse, Twinhouse
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Pay Over
10 Years
Down Payment
25%
Completion
2026

Oro New Capital

New Capital | Ava Mina Group


Apartment
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Pay Over
8 Years
Down Payment
10%
Completion
2027 Q1

Salt

North Coast | Tatweer Misr


Villa, Chalet
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Pay Over
5 Years
Down Payment
10%
Completion
2027 Q2

Majada

Sokhna | IWAN Developments


Villa, Studio, Chalet
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Pay Over
6.5 Years
Down Payment
10%
Completion
2023 Q1

Makadi Heights

Hurghada | Orascom Development


Apartment, Twinhouse, Penthouse
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Pay Over
6 Years
Down Payment
20%
Completion
2023 Q1

Rock Eden Plaza

6th October | El Batal Group


Shop, Nursery, Store
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Pay Over
6 Years
Down Payment
10%
Completion
2024 Q2

Westlane Boulevard

Sheikh Zayed | Palm Hills Developments


Office Space, Shop, Clinic

About Granda El Sherouk, El Shorouk

Granda El Sherouk is located in El Shorouk City, El Shorouk. The developer of Granda El Sherouk is EGYGAB Developments.

The completion date for Granda El Sherouk is and the finishing for the properties are Fully Finished.

Granda El Sherouk, El Shorouk prices

The starting price of properties in Granda El Sherouk is Ask for price with a price per sqm of Ask for price. The downpayment for a property in Granda El Sherouk is starting at Ask for price or Ask for price. The number of installments for a property in Granda El Sherouk is 24 installments and has a payment plan of 6 years. The monthly payment of a property in Granda El Sherouk Ask for price

About WBR (Waterway Branded Residence), New Cairo

WBR (Waterway Branded Residence) is located in Al Chouifat, New Cairo. The developer of WBR (Waterway Branded Residence) is The Waterway Developments.

The completion date for WBR (Waterway Branded Residence) is and the finishing for the properties are Fully Finished.

WBR (Waterway Branded Residence), New Cairo prices

The starting price of properties in WBR (Waterway Branded Residence) is Ask for price with a price per sqm of Ask for price. The downpayment for a property in WBR (Waterway Branded Residence) is starting at Ask for price or Ask for price. The number of installments for a property in WBR (Waterway Branded Residence) is 12 installments and has a payment plan of 3 years. The monthly payment of a property in WBR (Waterway Branded Residence) Ask for price

About La Vista City, New Capital

La Vista City is located in P2, New Capital. The developer of La Vista City is La Vista Developments.

The completion date for La Vista City is and the finishing for the properties are Fully Finished.

La Vista City, New Capital prices

The starting price of properties in La Vista City is Ask for price with a price per sqm of Ask for price. The downpayment for a property in La Vista City is starting at Ask for price or Ask for price. The number of installments for a property in La Vista City is 28 installments and has a payment plan of 7 years. The monthly payment of a property in La Vista City Ask for price

About Oro New Capital, New Capital

Oro New Capital is located in R7, New Capital. The developer of Oro New Capital is Ava Mina Group.

The completion date for Oro New Capital is and the finishing for the properties are Fully Finished.

Oro New Capital, New Capital prices

The starting price of properties in Oro New Capital is Ask for price with a price per sqm of Ask for price. The downpayment for a property in Oro New Capital is starting at Ask for price or Ask for price. The number of installments for a property in Oro New Capital is 40 installments and has a payment plan of 10 years. The monthly payment of a property in Oro New Capital Ask for price

About Salt, North Coast

Salt is located in Sidi Abdelrahman, North Coast. The developer of Salt is Tatweer Misr.

The completion date for Salt is and the finishing for the properties are Fully Finished.

Salt, North Coast prices

The starting price of properties in Salt is Ask for price with a price per sqm of Ask for price. The downpayment for a property in Salt is starting at Ask for price or Ask for price. The number of installments for a property in Salt is 32 installments and has a payment plan of 8 years. The monthly payment of a property in Salt Ask for price

About Majada, Sokhna

Majada is located in Zafarana, Sokhna. The developer of Majada is IWAN Developments.

The completion date for Majada is and the finishing for the properties are Fully Finished.

Majada, Sokhna prices

The starting price of properties in Majada is Ask for price with a price per sqm of Ask for price. The downpayment for a property in Majada is starting at Ask for price or Ask for price. The number of installments for a property in Majada is 20 installments and has a payment plan of 5 years. The monthly payment of a property in Majada Ask for price

About Makadi Heights, Hurghada

Makadi Heights is located in Makadi Bay, Hurghada. The developer of Makadi Heights is Orascom Development.

The completion date for Makadi Heights is and the finishing for the properties are Fully Finished.

Makadi Heights, Hurghada prices

The starting price of properties in Makadi Heights is Ask for price with a price per sqm of Ask for price. The downpayment for a property in Makadi Heights is starting at Ask for price or Ask for price. The number of installments for a property in Makadi Heights is 26 installments and has a payment plan of 6.5 years. The monthly payment of a property in Makadi Heights Ask for price

About Rock Eden Plaza, 6th October

Rock Eden Plaza is located in October Gardens, 6th October. The developer of Rock Eden Plaza is El Batal Group.

The completion date for Rock Eden Plaza is and the finishing for the properties are Fully Finished.

Rock Eden Plaza, 6th October prices

The starting price of properties in Rock Eden Plaza is Ask for price with a price per sqm of Ask for price. The downpayment for a property in Rock Eden Plaza is starting at Ask for price or Ask for price. The number of installments for a property in Rock Eden Plaza is 24 installments and has a payment plan of 6 years. The monthly payment of a property in Rock Eden Plaza Ask for price

About Westlane Boulevard, Sheikh Zayed

Westlane Boulevard is located in 26th of July Axis, Sheikh Zayed. The developer of Westlane Boulevard is Palm Hills Developments.

The completion date for Westlane Boulevard is and the finishing for the properties are Fully Finished.

Westlane Boulevard, Sheikh Zayed prices

The starting price of properties in Westlane Boulevard is Ask for price with a price per sqm of Ask for price. The downpayment for a property in Westlane Boulevard is starting at Ask for price or Ask for price. The number of installments for a property in Westlane Boulevard is 24 installments and has a payment plan of 6 years. The monthly payment of a property in Westlane Boulevard Ask for price

Project Community Developer Name Unit Types Project Types Sub Community Completion Date Finishing Bedrooms
Granda El Sherouk El Shorouk EGYGAB Developments Apartment, Penthouse Residential El Shorouk City 2025 Q4 Fully Finished
WBR (Waterway Branded Residence) New Cairo The Waterway Developments Serviced Apartment Residential Al Chouifat 2024 Q2 Fully Finished 2
La Vista City New Capital La Vista Developments Villa, Townhouse, Twinhouse Residential P2 2024 Q1 Fully Finished
Oro New Capital New Capital Ava Mina Group Apartment Residential R7 2026 Fully Finished
Salt North Coast Tatweer Misr Villa, Chalet Residential Sidi Abdelrahman 2027 Q1 Fully Finished
Majada Sokhna IWAN Developments Villa, Studio, Chalet Residential Zafarana 2027 Q2 Fully Finished 1, 2, 3
Makadi Heights Hurghada Orascom Development Apartment, Twinhouse, Penthouse Residential Makadi Bay 2023 Q1 Fully Finished 1, 2, 3
Rock Eden Plaza 6th October El Batal Group Shop, Nursery, Store Retail October Gardens 2023 Q1 Fully Finished
Westlane Boulevard Sheikh Zayed Palm Hills Developments Office Space, Shop, Clinic Retail, Administrative, Medical 26th of July Axis 2024 Q2 Fully Finished

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