Apartments for sale in Shorouk City

With the continual population growth in Egypt, the number of residential projects has also grown. In the past 10 years, Egypt has witnessed a massive spike in the number of residential developments across the land by way of new compounds, launching of entirely new cities and through land reclamation. Al Shorouq city was among the very first new cities that has been established in the great Cairo. Established in 1995, it was a mere desert except for few industrial projects and housing units. People weren’t really interested in moving there because of its location on the Cairo-Ismailia Road and a general lack of services and amenities.

As a result, the price of apartments in Al Shorouq was low, which tempted a lot of people to invest and buy apartments for the future. However improvements have been made to the local area around Al Shorouq city which has increased demand and the number of apartments for sale as investors wanted to cash in. Despite this, the overpopulation problem in downtown areas was not eased as was hoped.

The government had to come up with a plan to encourage flats owners to move in - instead of simply being a landlord/investor. The plan was to encourage big developers to start establishing new compounds and housing units in Al Shorouq which provide a high quality of living for the population at affordable prices.