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News about real estate investment in Egypt now

News about real estate investment in Egypt now

Amal Ali 22 Dec 2022

It can’t be deniable all the economic challenges that the whole world is facing, and certainly, Egypt is not isolated from these challenges. The rise in the price of the dollar against the Egyptian pound, as well as the rise in gold prices, and other sectors, such as food, also witnessed a noticeable rise in prices. 

With all the difficulties and challenges, the real estate sector remains one of the best sectors that provide a safe investment opportunity and safe profit returns because real estate prices increase over time without any interference from other factors.

In this article, we will collect for you many of the most important and latest news that the real estate sector has witnessed in the recent period, this will help you determine your goals if you are considering investing in real estate in the coming year 2023.

If you are still hesitant to invest in real estate, we recommend that you read these articles to increase information about this field. Click these links now:

Is real estate investment in Egypt profitable?

Certainly, the most important question that can be asked now is in light of all these economic conditions. Is real estate investment in Egypt profitable? Or should you search for other investment areas such as gold or even find ways to provide income in foreign currency?

This question can be answered simply by the fact that the history of real estate is sufficient to prove that it is capable of providing stability and investment in achieving profits over time. 

The real estate market continues to thrive as a result of the increasing demand for real estate units for housing with the increasing number of young people and citizens, in addition to the country's constant need for commercial and administrative projects to attract foreign investments. The decision to invest in real estate is considered one of the best options in the coming years due to several factors, the most important of which are:

  • Building new cities throughout the Republic, which drives the construction movement and other aspects of urban development
  • The movement of reform and the development of roads and the transportation network that Egypt is witnessing recently will certainly be in the interest of all new projects, which guarantees investment in them. Find out more about the achievements of roads and bridges in Egypt in recent years
  • In addition to all this, government support and facilities will help you in the field of real estate, to bring more foreign investments to Egypt.

The huge urban expansion in Egypt

One of the most important achievements that Egypt has witnessed in recent years is the urban expansion movement throughout the republic, as we witnessed the launch of many new cities that provide strong opportunities for investments and also open the door to many job opportunities for young people, and most importantly, they provide alternatives for residential options to relieve pressure on cities such as Cairo and Giza and Alexandria.

The series of new cities is considered one of the most important development elements set by the Egyptian government under the leadership of President Abdel Fattah El-Sisi to achieve the vision of Egypt 2030. The new city projects vary between projects that the government is building on and other projects that the private sector contributes to implementing. 

This large series of new projects provide many golden investment opportunities, as it provides the opportunity to invest in projects, residential real estate, tourist resorts, as well as industrial lands. Learn more about the new cities now.

  • The New Administrative Capital: It will be the main destination for all governmental and administrative institutions of the state, and many commercial projects, as well as residential compounds, will be launched in it. Investing in real estate in the New Administrative Capital now will guarantee you a guaranteed profit in the coming years after the completion of construction work in the city. Learn more about investment opportunities in the new capital from here, your guide to investing in the new administrative capital of Egypt.
  • New Alamein: The new city of New Alamein comes to completely change the shape of the north coast, as it is the first mega city on the coast that can be inhabited throughout the year. All lovers of the coast can own their residences on the sea, and all basic facilities are available, such as schools, universities, and medical services. Read more about this city now. New Alamein is a mega city on the north coast. live by the sea.
  • New Mansoura: New Mansoura was launched recently in the presence of President Abdel Fattah El-Sisi, and the new city of Mansoura comes to create a huge development in the Delta region. The New Mansoura City belongs to the Dakahlia Governorate, and the city completely overlooks the Mediterranean coast. The city aims to present a wide range of tourism and residential projects. Learn about the most important projects in New Mansoura City
  • The Pearl, New Mansoura
  • Zahia New Mansoura
  • The city of Galala Ain Sokhna: is one of the most beautiful cities established in Egypt. Galala City, which is completely located on Mount Galala and has a charming view of the Red Sea coast. Galala is an integrated city that provides an opportunity for permanent housing, as it has all the necessary facilities, universities, schools, and an industrial area. The city of Galala is a very vital addition to Ain Sokhna. Do not miss the opportunity to invest in this city. Take a look at the projects of Ain Sokhna and Galala City.
  • Tarboul Industrial City: Tarboul City is considered one of the unique projects of its kind, as it will be Egypt's first industrial city. GV Developments is supervising the implementation of the Tarboul city project. The city of Tarboul will be the first green and smart industrial city in Egypt, and it will also provide an opportunity to live within the city, as it will not be limited to industrial lands only, but will also include residential and entertainment projects. You should get to know more about this huge city: Tarboul Industrial City, your simple guide to the city.

Map to all Real estate projects 

The year 2022 witnessed the launch of a large number of real estate projects and the entry of many new real estate development companies. In this paragraph, we will help you to know the most important real estate developers in the Egyptian market and their most important projects.

Learn about other real estate developers and their projects through our website. You can always get an answer to all your questions if you contact us directly at this number  01003366453. Also, benefit from free real estate consultation.