Investing in Egyptian real estate offers a unique opportunity to own property in a country steeped in history and boasting a strategic location. This guide outlines the process for foreigners seeking to buy Egyptian property market from understanding legal frameworks to identifying reputable resources. Who Can Buy Property in Egypt? - Foreign Ownership: Under Law No. 230 of 1996, foreigners are permitted to own up to two properties, each not exceeding 4,000 square meters. - Government Approval: Approval from the Council of Ministers is required typically taking around two months. - Non-Residential Property: While restricted for individuals, non-residential property ownership is achievable through a business entity. - Agricultural Land: Ownership of agricultural land remains off-limits for foreigners. Before You Invest, Research and Due Diligence - Market Conditions: Egypt's dynamic market is influenced by its tourism industry and infrastructure advancements. - Legal Regulations: Understand legal restrictions and seek legal counsel for a smooth transaction. - Economic Factors: Evaluate economic stability and growth projections to make an informed decision. - Due Diligence: Collaborate with professionals like real estate lawyers to safeguard your investment. Finding Your Perfect Property - Cairo: Explore vibrant neighborhoods like Zamalek and Maadi for residential and commercial options. - Giza: Immerse yourself in the iconic pyramids backdrop and unique properties. - Alexandria: Experience Mediterranean charm with historical properties and sea views. - Red Sea Resorts: Discover stunning beachfront properties in Hurghada and the North Coast. - New Cairo City: Embrace modern living in this contemporary development. - 6th of October City: Enjoy a mix of residential and commercial properties for suburban living. Financing Your Egyptian Property - Property Loans: Foreigners can apply for loans, requiring a valid residence permit and proof of income or employment. - Lending Criteria: Fulfill specific requirements set by lending institutions for loan approval. Understanding Property Buying Costs and Taxes - Transaction Costs: Include registration fee, notary fees, legal fees, stamp duty and real estate agents fee. - Total Transaction Costs: Range from 7.25% to 9.60% of the property value. Go on your journey to owning vibrant property in Egypt by following these guidelines and conducting thorough research.
Selena Bay is located in Second Hurghada, Hurghada. The developer of Selena Bay is Palma Group.
The completion date for Selena Bay is and the finishing for the properties are Fully Finished.
The starting price of properties in Selena Bay is 2,200,000 EGP with a price per sqm of 18,384 EGP. The downpayment for a property in Selena Bay is starting at 15% or 330,000 EGP. The number of installments for a property in Selena Bay is 24 installments and has a payment plan of 6 years. The monthly payment of a property in Selena Bay 30,556 EGP
Tijan El Maadi is located in El Basatin, Maadi. The developer of Tijan El Maadi is Wadi Degla.
The completion date for Tijan El Maadi is and the finishing for the properties are Fully Finished.
The starting price of properties in Tijan El Maadi is 2,287,760 EGP with a price per sqm of 17,722 EGP. The downpayment for a property in Tijan El Maadi is starting at 25% or 571,940 EGP. The number of installments for a property in Tijan El Maadi is 16 installments and has a payment plan of 4 years. The monthly payment of a property in Tijan El Maadi 47,662 EGP
Maadi Gate is located in Sarayat Al Gharbeyah, Maadi. The developer of Maadi Gate is Mirad Development.
The completion date for Maadi Gate is and the finishing for the properties are Fully Finished.
The starting price of properties in Maadi Gate is 2,587,200 EGP with a price per sqm of 16,800 EGP. The downpayment for a property in Maadi Gate is starting at 30% or 776,160 EGP. The number of installments for a property in Maadi Gate is 16 installments and has a payment plan of 4 years. The monthly payment of a property in Maadi Gate 53,900 EGP
Zed East is located in New Kattameya, New Cairo. The developer of Zed East is Ora Developers.
The completion date for Zed East is and the finishing for the properties are Fully Finished.
The starting price of properties in Zed East is 10,000,000 EGP with a price per sqm of 71,942 EGP. The downpayment for a property in Zed East is starting at 5% or 500,000 EGP. The number of installments for a property in Zed East is 32 installments and has a payment plan of 8 years. The monthly payment of a property in Zed East 104,167 EGP
Katameya Coast is located in Dabaa, North Coast. The developer of Katameya Coast is Starlight Developments.
The completion date for Katameya Coast is and the finishing for the properties are Fully Finished.
The starting price of properties in Katameya Coast is 11,865,260 EGP with a price per sqm of 64,107 EGP. The downpayment for a property in Katameya Coast is starting at 5% or 593,263 EGP. The number of installments for a property in Katameya Coast is 16 installments and has a payment plan of 4 years. The monthly payment of a property in Katameya Coast 247,193 EGP
Silversands is located in Sidi Heneish, North Coast. The developer of Silversands is Ora Developers.
The completion date for Silversands is and the finishing for the properties are Fully Finished.
The starting price of properties in Silversands is 28,460,000 EGP with a price per sqm of 92,700 EGP. The downpayment for a property in Silversands is starting at 10% or 2,846,000 EGP. The number of installments for a property in Silversands is 24 installments and has a payment plan of 6 years. The monthly payment of a property in Silversands 395,278 EGP