In the last quarter JLL, a professional real estate services and investment management Company in the Middle East, has generated a report about the performance of the rental residential in Egypt. The report displayed a number of statistics which indicated that studios for rent in Egypt are the most popular property type amongst tenants. However, the options are endless when it comes to shopping for an apartment for rent in Egypt, yet studios are the most demanded rental property in the last quarter. And since propertyfinder.eg is one of the main real estate destinations for tenants and homebuyers in Egypt, a profound research have been done on the behalf of the company to come up with a reasonable explanation regarding the increasing demand for studio apartments for rent in Egypt.
1- Cost Efficiency
Studio flats for rent in Egypt are the most cost effective property type in Egypt. Since Egypt is one of the main destinations in the Middle East for foreigner students and employees, studios for rent in Cairo are always in demand. Being the capital of the Arab Republic of Egypt, Cairo is the major center for all the international corporations and entities in Egypt such as the American University in Cairo (AUC) - located in Zamalek and New Cairo-, the Cairo American College (CAC) – located in Maadi-, and many others.
Why renting a studio in Egypt is a smart solution?
Maadi and Zamalek are known to be the most affluent living destinations in Egypt where rental prices are the highest. So looking for a studio for rent in Maadi and Zamalek is the most cost effective solution for expats who are on a 3000 EGP rental budget per month.
On the other hand, studios for rent in Gouna and other coastal areas are always in demand by local and foreigner vacationers alike.
2- Sufficient Space
Studios are smartly designed for singles and couples who don’t spend so much time at home. A studio is a residential place that combines a living room, a bathroom, and bedroom in the same open area, where all you need at your fingertips. You won’t need to move from the bedroom to the living room in order to watch TV, or miss your favorite TV show just because you have to cook dinner.
Finally, if you are looking for furnished studios for rent in Egypt log in to propertyfinder.eg. It is one of the leading real estate portals in the country, where a selective variety of properties for sale and rent are listed by the top-class brokers in the country. Browse now for the most adequate studios for rent in New Cairo and Zamalek!