It is an illogical notion to assume that the real estate boom in the Egyptian market has gone unnoticed. Almost all major highways feature prominent billboards and advertisements of one housing project or the other. Egypt's real estate market is expected to rise strongly in value within the next coming years. Therefore, the booming construction scene now clearly witnessed throughout Egypt makes perfect sense in order to meet the expected demand. Even without the forecasted surge in demand, Egypt's population increases by an average of 2.5 million residents annually, with about one million marriages taking place every year.
This article has been put together to give a sense to the most prominent real estate projects currently on the Greater Cairo scene. It seeks to analyze five major areas in Cairo: New Cairo, 6th of October, New Capital, El Mostaqbal City, and El Sherouk. In each area, the most prominent compounds will be broken down to developer, available units, price range, and payment plans.
Area: New Cairo
Compound Name : Swan Lake Residences
Developer: Hassan Allam Properties
Available properties: Townhouses, Twin Houses, Villas
Price Range: 5,501,900- 45,386,546
Payment Plan: 10% Down payment, 6 years installments
Compound Name: Hyde Park
Developer: Hyde Park
Available properties: Apartments, Duplexes, Family Houses, Town Houses, Twin Houses, Villas
Price Range: 2,025,000 - 19,420,000
Payment Plan:
- Down payment: 5%, over 3 months : 5%, 9% on delivery, Installments: over 8 years
- For units that are ready for delivery: 52% down payment, remaining installments over 5 years
- For units that will be delivered in 1 year: 52% over 1 year, remaining installments over 4 years
Compound Name: El Patio Oro
Developer: La Vista Developments
Available properties: Apartments, Penthouses, Duplexes
Price Range: 1,960,000 - 4,590,000
Payment Plan:
- 10% Down payment, and the rest on 5 years
- 20% Down payment, and the rest on 6 years
Compound Name: Palm Hills New Cairo
Developer: Palm Hills
Available properties: Apartments, Twin Houses, Villas
Price Range: 2,448,900 - 28,319,400
Payment Plan:
- 10% down Payment, 5% after 3 months, installments on 7 years
Compound Name: Di5trict Developer: Marakez
Available properties: Apartments, Duplexes, Tounhouses
Price Range: 2,222,553 - 6,162,348
Payment Plan:
- 10% Down payment, with installments over 7 years
- 10% Down payment, 10% on Delivery, and installments over 8 years
Compound Name: V Residences By Villette Developer: SODIC
Available properties: Apartments, Penthouses
Price Range: 3,872,000.00 - 7,930,000
Payment Plan: 10% Downpayment, 5% in 3 months, and remaining installments on 7 years
Area: 6th of October
Compound Name: AEON Towers
Developer: Marakez
Available Properties: Apartments
Price Range: 4,165,100 - 8,150,880
Payment Plan: 5% Down Payment, 5% after 1 month, remaining installments on 7 years
Compound Name : Badya
Developer: Palm Hills
Available Properties: Apartments, Penthouses, Townhouses, Twin Houses, Villas
Price Range: 1,130,100 - 7,525,000
Payment Plan: 10% Down Payment ,5 % after 3 months, remaining installments on 8 years
Compound Name: O West
Developer: Orascom Developments
Available properties: Apartments, Duplexes, Penthouses, Townhouses, Twin Houses, Villas
Price Range: 2,385,000 - 16,827,000
Payment Plan: 10% Down Payment, 5% after 3 months, , remaining installments on 7 years
Compound Name: The Estates
Developer: SODIC
Available properties: Townhouses, Twin Houses, Villas
Price Range: 6,313,926 - 16,511,010
Payment Plan: 5% Down Payment, 10% after 3 months, remaining installments on 8 years
Compound Name: ZED Towers
Developer: Ora Developers
Available Properties: Apartments, Penthouses, Sky Villas
Price Range: 2,200,000 - 30,460,000
Payment Plan: 10% Down Payment, 5% after 3 months, remaining installments on 6 years
Area: New Capital
Compound Name: The Capitalway
Developer: Equity Real Estate Development
Available Properties: Apartments, Duplexes
Price Range: 1,975,000 - 7,817,000
Payment Plan:
- 0% Down Payment, remaining installments over 6 years
- 10% Down Payment, remaining installments over 7 years
- 15% Down Payment, remaining installments over 8 years
- 20% Down Payment, remaining installments over 9 years
Compound Name: La Vista City
Developer: La Vista Developments
Available Properties: Townhouses, Twin Houses, Villas
Price Range: 4,700,000 - 13,500,000
Payment Plan: 15% Down Payment, remaining installments on 6 years
Compound Name: The Loft
Developer: Living Yards Developments
Available Properties: Studios, Apartments, Penthouses, Duplexes
Price Range: 1,280,000 -15,750,000
Payment Plan:
- 0% Down Payment, remaining installments on 6 years
- 10% Down Payment, remaining installments on 7 years
- 25% Down Payment, remaining installments on 10 years
Area: Mostakbal City
Compound Name: HAP Town
Developer: Hassan Allam Properties
Available Properties: Villas, Townhouses, Twin Houses
Price Range: 4,937,485- 10,684,051
Payment Plan: 10% Down Payment, remaining installments on 7 years
Compound Name: Il Bosco City
Developer: Misr Italia Properties
Available Properties: Villas, Townhouses, Twin Houses
Price Range: 1,248,674 - 20,585,164
Payment Plan: 10% Down Payment, remaining installments on 8 years
Compound Name: Bloomfields
Developer: Tatweer Misr
Available Properties: Apartments, Duplexes
Price Range: 1,006,300 - 6,831,700
Payment Plan: 5% Down Payment, 5% after 3 months, remaining installments on 10 years
Area : El Sherouk
Compound Name: SODIC East
Developer: SODIC
Available Properties: Villa, Townhouse, Twin House
Price Range: 4,497,000 - 8,350,000
Payment Plan: 10% Down Payment, 5% after 3 months, remaining installments on 8 years
Compound Name: Al Burouj
Developer: Capital Group Properties (CGP)
Available Properties: Apartments, Duplexes, Villas, Townhouses, Twin Houses
Price Range: 1,250,555 - 11,800,555
Payment Plan: 5% Down Payment, 5% after 3 months, remaining installments on 8 years
In a nutshell, this list is in no way all-inclusive, for the housing scene in Cairo alone is too vast to summarize in a few lines. The aim was to highlight through a bird's eye view the market leading compounds and their details; generating an indicator of where the changes in the community are heading. If you wish to know more about what's available in the real estate market, you can visit Cooing Real Estate and take a look at a wide selection of exclusive homes.
* This is a contributed article and this content does not necessarily represent the views of realtytoday.com
