The COVID-19 pandemic has had several impacts on Egypt's real estate market. Here are some of the key effects: - Slowed Construction Activity: The pandemic caused disruptions in construction activities due to restrictions on movement and labor shortages. This led to delays in project timelines and the completion of new developments. - Decreased Demand: The pandemic resulted in a decline in demand for real estate properties, particularly in the residential and commercial sectors. Uncertainty and economic challenges prompted potential buyers and investors to postpone or reconsider their purchasing decisions. - Rental Market Challenges: The rental market faced challenges as tenants faced financial difficulties, job losses, and business closures. This led to increased vacancies and a decline in rental rates, particularly in the commercial and tourism sectors. - Shift in Work Environment: The pandemic accelerated the adoption of remote work and flexible work arrangements. This shift in the work environment impacted the demand for office spaces and contributed to a decrease in occupancy rates. - Increased Emphasis on Health and Safety: The pandemic highlighted the importance of health and safety measures in real estate properties. Developers and property owners had to implement stringent health protocols and invest in sanitization measures to reassure tenants and buyers. - Accelerated Digitalization: The pandemic accelerated the digital transformation of the real estate industry. Virtual property tours, online transactions, and remote property management became more prevalent, allowing buyers and investors to engage with the market despite physical limitations. - Government Support and Stimulus: The Egyptian government implemented various initiatives and stimulus packages to support the real estate sector during the pandemic. These included measures to alleviate financial burdens, provide financial incentives to developers, and facilitate property registration processes. - Long-Term Investment Potential: Despite the short-term challenges, the real estate market in Egypt continues to offer long-term investment potential. The government's commitment to infrastructure development, economic reforms, and initiatives to attract foreign investment contribute to the market's resilience and potential for recovery.
Elegantry is located in 5th Settlement, New Cairo. The developer of Elegantry is Catalysts Developments.
The completion date for Elegantry is and the finishing for the properties are Fully Finished.
The starting price of properties in Elegantry is 5,628,350 EGP with a price per sqm of 61,850 EGP. The downpayment for a property in Elegantry is starting at 30% or 1,688,505 EGP. The number of installments for a property in Elegantry is 16 installments and has a payment plan of 4 years. The monthly payment of a property in Elegantry 117,257 EGP
The Clinics is located in 5th Settlement, New Cairo. The developer of The Clinics is Avenues Development.
The completion date for The Clinics is and the finishing for the properties are Fully Finished.
The starting price of properties in The Clinics is 1,800,000 EGP with a price per sqm of 90,000 EGP. The downpayment for a property in The Clinics is starting at 20% or 360,000 EGP. The number of installments for a property in The Clinics is 20 installments and has a payment plan of 5 years. The monthly payment of a property in The Clinics 30,000 EGP
The Capitalway is located in R7, New Capital. The developer of The Capitalway is The Waterway Developments.
The completion date for The Capitalway is and the finishing for the properties are Fully Finished.
The starting price of properties in The Capitalway is 3,314,000 EGP with a price per sqm of 23,504 EGP. The downpayment for a property in The Capitalway is starting at 10% or 331,400 EGP. The number of installments for a property in The Capitalway is 24 installments and has a payment plan of 6 years. The monthly payment of a property in The Capitalway 46,028 EGP
Jura El Galala is located in Galala, Sokhna. The developer of Jura El Galala is New Jersey Dev..
The completion date for Jura El Galala is and the finishing for the properties are Fully Finished.
The starting price of properties in Jura El Galala is 3,500,000 EGP with a price per sqm of 35,000 EGP. The downpayment for a property in Jura El Galala is starting at 5% or 175,000 EGP. The number of installments for a property in Jura El Galala is 24 installments and has a payment plan of 6 years. The monthly payment of a property in Jura El Galala 48,611 EGP
Cape Bay is located in Zafarana, Sokhna. The developer of Cape Bay is Lasirena Group.
The completion date for Cape Bay is and the finishing for the properties are Fully Finished.
The starting price of properties in Cape Bay is 2,160,000 EGP with a price per sqm of 26,857 EGP. The downpayment for a property in Cape Bay is starting at 15% or 324,000 EGP. The number of installments for a property in Cape Bay is 40 installments and has a payment plan of 10 years. The monthly payment of a property in Cape Bay 18,000 EGP
Mountain View Sokhna 1 is located in Zafarana, Sokhna. The developer of Mountain View Sokhna 1 is Mountain View (DMG).
The completion date for Mountain View Sokhna 1 is and the finishing for the properties are Fully Finished.
The starting price of properties in Mountain View Sokhna 1 is 8,005,065 EGP with a price per sqm of 26,075 EGP. The downpayment for a property in Mountain View Sokhna 1 is starting at 30% or 2,401,519 EGP. The number of installments for a property in Mountain View Sokhna 1 is 12 installments and has a payment plan of 3 years. The monthly payment of a property in Mountain View Sokhna 1 222,363 EGP