All about finding an apartment for sale in El Shorouq 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.

Luxury apartments in El Shorouq City

Major shopping centres and other facilities were developed and this has been successful in drawing people to the area on the hunt for an affordable apartment for sale.

There have been several educational and medical entities established there such as Al Shorouq general hospital, Al Shorouq academy, the British university and the French university to name a few. Along with some entertainment centres such: Al Shorouq club, car cinema and hypermarkets.

The city has witnessed an improvement in the number and quality of the built housing units to suit all the population with different tastes and budgets. There are 5000 economic housing units dedicated for youth with a price range from 150,000 EGP to 400,000 EGP. There’s about 21,000 housing units dedicated for the middle class with a price range from 400,000 EGP to 700,000 EGP and luxurious compounds like Le Park compound, El Patio Shorouq compound, and Shorouq Gardens. Apartment prices there start from 1,000,000 EGP.

You can find many varieties in the compounds of Al Shorouq city that might suit your needs; starting from the flats, duplexes, penthouses to the twin houses and standalone villas. Al Shorouq city has grown to be the new destination for the people of Egypt with more people moving in every day.

Apartments for sale in Shorouk City, page 4

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