There are so many advantages of the real estate market in Egypt that make the whole sector an exciting place to be at this time that anyone serious about venturing into an emerging real estate market overseas should focus on Egypt at least in the medium term.
First, the first thing is to remove the confusion: Egypt is not a country plagued by terrorism, drought or famine. It is a beautiful, ancient and exotic country, with a coast brushed and caressed by the Mediterranean Sea and the Red Sea too. Egypt is one of the most exciting and fascinating countries in the closest proximity to Europe, giving investors a massive potential audience of tourists to target; It is also a country that can boast of year-round sunshine on its Red Sea Riviera, which means that it offers investors year-round profit potential.
If these reasons are not enough for a real estate investor to be curious about Egypt, how about the fact that mega Dubai property developers Emaar have committed millions of dollars in the Egyptian residential real estate market in Cairo? Or what about the fact that the Egyptian government has reduced property tax related costs to make the entire process of owning property in Egypt that much more affordable for more people
Also, the inward FDI in Egypt is at an all-time high, the country is receiving higher annual visitor intakes than ever before, and the country is enjoying its better relations with Western governments In documented history if you like.
Also, the amount of investment and economic confidence in Egypt is opening up. There is a vibrant and growing middle-class sector who are willing to buy the goods and rent in Cairo and Alexandria as well.
Commercial building for sale in New Cairo 90th street gives an investor a local resale market to target in the medium term that further enhances the long-term potential of an investment made in the real estate sector that is currently dominated by the tourist market.
The highest available rental rents for a real estate investor in Egypt at this time are from the tourist. Properties along the Red Sea and Mediterranean coasts are in an excellent location and facilitated and most Demanded by the tourism market, which is looking for short term lets. But there is also a growing retirement market in Egypt that is attracting considerable attention and giving real estate investors another big potential revenue source to explore.
Egypt is the place for real estate investors looking for immediate income and medium and long-term capital growth and resale potential. The process of buying properties for foreigners in Egypt has become more affordable and more transparent in recent years, the number of investors who examine the market and explore their possibilities is set to increase and improve.
Egypt is the land of ancient pyramids and civilizations, sunny beaches and great diving, comfortable weather conditions and spectacular clear water. A land with a quintessential blend of the old and the new, stretching from its architecture to its arts and beyond. And you can say that Egypt is a place full of life, beauty and emotion.
Egypt is known as the world’s leading tourist destination in Africa has added a new crown to its feathers for becoming one of the leading real estate destinations in the world. And two most promising and architecturally brilliant properties in Egypt are Cairo and Gamsha Bay.
Cairo – The melting pot of ancient and modern civilizations
Popularly known as the “Jewel of the East” and the “City of a Thousand Minarets,” Cairo is the glorious capital of Egypt. The largest city in the Middle East and Africa and the seventh most populous city in the world, it is at the center of all routes to and from three continents: Asia, Africa, and Europe. Home to over 16 million Egyptians, Arabs, Africans and others, a journey through Cairo is a trip through time, a journey through the history of an immortal civilization and a city where the past and present It meets.
Damac Properties is about to launch exclusive residential projects in New Cairo, the most private master development in Egypt so far. According to Damac Properties, his Cairo project is for people who like to live the luxury in the most well-equipped villas.