New Cairo is among the most popular new cities in Egypt located in the east of Cairo covering a total area of 70,000 acres. It’s a popular choice for those looking to upgrade from old nearby neighborhoods such as Nasr City or Heliopolis. Over the years, the mixed-use community has transformed into a hub for entertainment venues, family-oriented destinations, medical services, educational institutes, apartment buildings, and luxury residential compounds. Besides, many companies have chosen New Cairo as their prime location as well so lots of work opportunities are offered in the area.
New Cairo is often referred to simply as the 5th Settlement, but this is just the most popular one of its many residential districts. Apartments in New Cairo that are well known among residents are located within the 5th Settlement, El Banafseg, North Investors Area, South Investors Area, Lotus, and Al Narges. Such locations offer a series of low-rise residential buildings with a ground level and up to 4 levels upwards. Apartments in these areas are known to be very spacious and you’ll find everything you need in terms of facilities nearby.
Moreover, if you’re on the lookout for flats for rent in New Cairo in gated communities, you can check out the various compounds available. Some of Egypt’s most esteemed developers have projects all over New Cairo with owners looking to rent out their properties on the long run. Such compounds include Eastown, which is among the very early projects from the masterminds at Sodic; it is still considered one of their most successful endeavors east of Cairo. The compound is very family-friendly and features a cozy atmosphere with high-quality services and amenities. Apartment types at Eastown range from studios (about 35 sqm) to 3-bedroom apartments (starting at 188 sqm to 210 sqm on average) to satisfy your needs in terms of space.
The internationally-acclaimed developer Emaar also chose New Cairo for their iconic compound Mivida. This one is more on the luxury side for those looking to pamper themselves. Apartments in Mivida are known to reflect a very high standard; there are 2-bedroom and 3-bedroom units on offer. Sizes range between 133 sqm to 214 sqm.
When looking to rent an apartment, the first thing to consider is how much you are willing to pay on a monthly basis. With a location like New Cairo, it has the advantage of providing you with a wide range of prices for apartments to rent. If the best possible scenario for you is having a cheap rent cost to pay every month, areas like Al Andalus El Gedida, Katameya Heights, Al Rehab, and El Lotus could be the way to go. They have prices starting 3,000 L.E. to 5,000 L.E. for spacious 2- and 3-bedroom units.
On the other hand, for those willing to pay more for certain luxuries in a permanent home, renting a 2-bedroom apartment in Eastown can cost you an average of 18,000 L.E. for a 127 sqm unit and about 20,000 L.E. a month for a 3-bedroom apartment that’s about 189 sqm. For Mivida, it’s an average of 17,000 L.E. a month for a 2-bedroom apartment sized at 133 sqm and between the range of 22,000 L.E. to 30,000 L.E. for a 3-bedroom unit between the sizes of 191 sqm and 200 sqm.