The real estate market in Egypt has gone through a significant transformation in recent years due to the ambitious megaprojects initiated by the government. These large-scale projects have had a profound impact on the sector, driving growth and development in various ways. - Contribution to Economic Growth Mega projects are known for their contribution to economic growth by stimulating economic activity, creating job opportunities and attracting foreign investment. These projects directly impact the real estate market by increasing demand for housing and commercial properties. The government's mega projects, such as the development of the New Administrative Capital and the establishment of the Suez Canal Economic Zone have attracted significant foreign investment. As a result, new job opportunities have been created and economic growth has been stimulated leading to increased demand for real estate. - Increased Demand for Real Estate Mega projects have led to an increased demand for real estate, particularly in prime locations. The development of new cities and tourist destinations such as the New Alamein City and the Red Sea project, has created a surge in demand for luxury properties, catering to both local and foreign investors. Moreover, mega projects such as the expansion of the Suez Canal and the development of new industrial zones have driven demand for commercial properties including warehouses, factories and logistics centers. The increase in demand for commercial properties has led to higher rental yields and property values in these areas. - Challenges Despite the benefits of mega projects, they also present challenges for the real estate market. The rapid pace of development can lead to oversupply and market saturation especially in areas with insufficient demand. Additionally, the development of mega projects can disrupt the existing real estate market, leading to higher competition and lower prices for older properties. This can negatively affect property owners especially those who rely on rental income. Furthermore, bureaucratic procedures, legal and regulatory hurdles, and funding issues can hinder the implementation of megaprojects. This can delay project completion and lead to uncertainty in the real estate market.
Modon Mega Tower is located in Downtown , New Capital. The developer of Modon Mega Tower is Modon developments.
The completion date for Modon Mega Tower is and the finishing for the properties are Fully Finished.
The starting price of properties in Modon Mega Tower is 1,156,680 EGP with a price per sqm of 27,540 EGP. The downpayment for a property in Modon Mega Tower is starting at 35% or 404,838 EGP. The number of installments for a property in Modon Mega Tower is 48 installments and has a payment plan of 12 years. The monthly payment of a property in Modon Mega Tower 8,033 EGP
White Sands is located in Dabaa, North Coast. The developer of White Sands is GV Developments.
The completion date for White Sands is and the finishing for the properties are Fully Finished.
Jefaira is located in Ras El Hekma, North Coast. The developer of Jefaira is Inertia.
The completion date for Jefaira is and the finishing for the properties are Fully Finished.
The starting price of properties in Jefaira is 2,647,100 EGP with a price per sqm of 24,830 EGP. The downpayment for a property in Jefaira is starting at 10% or 264,710 EGP. The number of installments for a property in Jefaira is 28 installments and has a payment plan of 7 years. The monthly payment of a property in Jefaira 31,513 EGP
Marsa Baghush is located in Sidi Heneish, North Coast. The developer of Marsa Baghush is Shehab A. Mazhar.
The completion date for Marsa Baghush is and the finishing for the properties are Fully Finished.
The starting price of properties in Marsa Baghush is 5,800,000 EGP with a price per sqm of 27,692 EGP. The downpayment for a property in Marsa Baghush is starting at 10% or 580,000 EGP. The number of installments for a property in Marsa Baghush is 24 installments and has a payment plan of 6 years. The monthly payment of a property in Marsa Baghush 80,556 EGP
Woodville is located in Northern Extension, 6th October. The developer of Woodville is Palm Hills Developments.
The completion date for Woodville is and the finishing for the properties are Fully Finished.
The starting price of properties in Woodville is 13,139,900 EGP with a price per sqm of 57,231 EGP. The downpayment for a property in Woodville is starting at 10% or 1,313,990 EGP. The number of installments for a property in Woodville is 40 installments and has a payment plan of 10 years. The monthly payment of a property in Woodville 109,499 EGP
City View is located in Sahraa El Ahram, Cairo Alex Desert Rd.. The developer of City View is NEWGIZA.
The completion date for City View is and the finishing for the properties are Fully Finished.
The starting price of properties in City View is 6,780,000 EGP with a price per sqm of 30,000 EGP. The downpayment for a property in City View is starting at 10% or 678,000 EGP. The number of installments for a property in City View is 24 installments and has a payment plan of 6 years. The monthly payment of a property in City View 94,167 EGP