Egypt's real estate market plays a significant role as a key driver of economic growth for several reasons: - Employment Generation: The real estate sector in Egypt is labor-intensive, providing employment opportunities for a large number of people. Construction activities, property development, property management, associated industries create jobs, stimulating economic activity and reducing unemployment rates. The growth of the real estate market directly contributes to job creation and income generation. - Contribution to GDP: The real estate sector has a substantial contribution to Egypt's gross domestic product (GDP). Real estate investments, construction activities, property sales and related services generate revenue and contribute to the overall economic output. The sector's contribution to GDP boosts economic growth and supports the development of other sectors. - Investment Attraction: The real estate market in Egypt attracts both domestic and foreign investments. The growth potential, affordable property prices and government incentives draw investors looking for opportunities in the sector. Real estate investments contribute to capital inflows, stimulate economic activity, and encourage further investment in related industries, such as construction, infrastructure and services. - Infrastructure Development: The real estate market's expansion drives infrastructure development. As demand for residential and commercial properties increases, there is a need for supporting infrastructure, including roads, utilities, transportation networks and public amenities. The development of infrastructure projects creates jobs, enhances livability, and improves the overall economic environment. - Ancillary Industries: The growth of the real estate market fosters the development of ancillary industries, such as construction materials, architecture, interior design, property management and financial services. These industries benefit from the increased demand for their products and services, further contributing to economic growth and employment opportunities. - Foreign Direct Investment (FDI): A thriving real estate market attracts foreign direct investment (FDI). International investors are drawn to Egypt's real estate sector due to its growth potential, affordable prices and government initiatives. FDI inflows contribute to economic growth, create employment opportunities and support the development of infrastructure and related industries. - Wealth Creation and Consumer Spending: Real estate investments can generate wealth for property owners and investors. As property values appreciate, individuals and businesses have increased equity, which can drive consumer spending and stimulate economic growth. Higher property values also provide opportunities for property owners to leverage their assets and access credit for other investments or business expansion. - Tourism and Hospitality Sector: The real estate market, particularly in popular tourist destinations, plays a crucial role in supporting the tourism and hospitality sector. The development of luxury resorts, hotels, vacation homes and commercial spaces attracts tourists and boosts the tourism industry and generates revenue. The growth of tourism has a positive ripple effect on the economy, creating jobs and stimulating various sectors. - Urban Development and Livability: A flourishing real estate market contributes to urban development and improved livability. As cities expand, infrastructure improves and new developments emerge, the quality of life for residents increases. In turn, attracts businesses, investors, talent, fostering economic growth and creating a cycle of positive development.
Creek District is located in 1st Settlement, New Cairo. The developer of Creek District is Il Cazar Developments.
The completion date for Creek District is and the finishing for the properties are Fully Finished.
The starting price of properties in Creek District is 3,850,000 EGP with a price per sqm of 70,000 EGP. The downpayment for a property in Creek District is starting at 5% or 192,500 EGP. The number of installments for a property in Creek District is 24 installments and has a payment plan of 6 years. The monthly payment of a property in Creek District 53,472 EGP
Rock Elite is located in Al Lotus, New Cairo. The developer of Rock Elite is El Batal Group.
The completion date for Rock Elite is and the finishing for the properties are Fully Finished.
The starting price of properties in Rock Elite is 1,520,932 EGP with a price per sqm of 33,564 EGP. The downpayment for a property in Rock Elite is starting at 20% or 304,186 EGP. The number of installments for a property in Rock Elite is 24 installments and has a payment plan of 6 years. The monthly payment of a property in Rock Elite 21,124 EGP
Mivida is located in Golden Square, New Cairo. The developer of Mivida is Emaar Misr.
The completion date for Mivida is and the finishing for the properties are Fully Finished.
The starting price of properties in Mivida is 30,802,888 EGP with a price per sqm of 78,799 EGP. The downpayment for a property in Mivida is starting at 5% or 1,540,144 EGP. The number of installments for a property in Mivida is 32 installments and has a payment plan of 8 years. The monthly payment of a property in Mivida 320,863 EGP
Aurora is located in MU23, New Capital. The developer of Aurora is Doja Development.
The completion date for Aurora is and the finishing for the properties are Fully Finished.
The starting price of properties in Aurora is 2,547,059 EGP with a price per sqm of 56,601 EGP. The downpayment for a property in Aurora is starting at 0% or 0 EGP. The number of installments for a property in Aurora is 40 installments and has a payment plan of 10 years. The monthly payment of a property in Aurora 21,225 EGP
Granvia Serrano is located in R7, New Capital. The developer of Granvia Serrano is New Plan Developments.
The completion date for Granvia Serrano is and the finishing for the properties are Fully Finished.
The starting price of properties in Granvia Serrano is 10,397,000 EGP with a price per sqm of 116,129 EGP. The downpayment for a property in Granvia Serrano is starting at 15% or 1,559,550 EGP. The number of installments for a property in Granvia Serrano is 24 installments and has a payment plan of 6 years. The monthly payment of a property in Granvia Serrano 144,403 EGP
Atika Mall is located in R7, New Capital. The developer of Atika Mall is New Plan Developments.
The completion date for Atika Mall is and the finishing for the properties are Fully Finished.
The starting price of properties in Atika Mall is 3,016,000 EGP with a price per sqm of 42,561 EGP. The downpayment for a property in Atika Mall is starting at 25% or 754,000 EGP. The number of installments for a property in Atika Mall is 32 installments and has a payment plan of 8 years. The monthly payment of a property in Atika Mall 31,417 EGP