Cairo is the largest city, the capital of Egypt and the 15th largest city in the whole world. The city features an important location in the Middle East, which makes the ultimate destination for residents and investors. Since the 90th, Cairo has been the home to the international peace conferences, the African Nations Championship, and the international film festivals. It has been also a major tourism center in the Middle East thanks to its great wealth of the ancient monuments which belongs to different eras including the Pharaonic, the Islamic, and the Coptic Eras. This has had a significant effect on the different aspects of life in Cairo, especially the real estate market. The demand for Cairo Properties for sale has remarkably increased. Thus the government, along with the private real estate sector, in Egypt has had to come up with an initiative plan to fulfill the different needs of buyers.
A report has been generated by JLL, investment management and commercial real estate Services Company, in Egypt which indicated that the demand for residential properties is higher than the demand for commercial properties by 20%. Zamalek, New Cairo, Maadi and Heliopolis are the most popular areas amongst the buyers. Yet, the demand for properties for sale in Zamalek differs from the ones in New Cairo due to the different characteristics of each area.
The best places to live in Cairo
Affluent Egyptians and expatriates, who connected to the international corporations in Egypt, prefer living in Downtown where everything they need is at their fingertips. Zamalek is located in the Western Cairo and is accessible through major roads and bridges in Cairo including 6th of October Bridge, 15th May Bridge, and Qasr El Nile Bridge. Apartments for sale in Zamalek come with an average price of 10500 EGP per square meter. Though away from the center of the city, Maadi is considered a self-sufficient city and once there, you will probably feel no need to leave. It is the place where you can spend the day shopping in the small boutiques and at night have dinner with your partner at a fancy restaurant. Thus, apartments for sale in Maadi are the second favorite property type for homebuyers in Egypt.
On the other hand, those who are looking for a home away from the hustle and bustle of the city with no desire to compromise the city life; prefer looking for properties for sale in New Cairo. Located in the southern part of Egypt, the city is technically away from any the center of the city. However, it includes all the facilities and modern amenities that enable its residents to enjoy their life to the max. The most required type there is apartments for sale in New Cairo thanks to its variable sizes and affordable prices, which meets the different tastes and needs of homebuyers.
Finally, come Heliopolis one of the most upscale living destinations in Egypt. Though the demand for properties for sale in Heliopolis is high, yet there is a shortage of the supplied properties. There are hardly any new developments in the area, so all the villas and apartments for sale in Heliopolis are re-sale properties.
The best place to look for a Cairo Property for sale in Egypt is propertyfinder, an online real estate portal, where you are only one click away from buying your dream home in Cairo.