Jun 03, 2022

How much does an apartment in Egypt cost

How much does an apartment in Egypt cost?

The cost of buying an apartment in Egypt is a very broad topic, because it depends on many factors such as the area of the apartment, its space, its internal specifications, and so on. Egypt is characterized by the fact that it includes many areas in addition to the fact that it has many housing projects, when we talk about: How much does an apartment in Egypt cost? We must define more our goal, to take an idea of the most desirable areas of Cairo for housing:

Away from the compounds and projects of the Ministry of Housing, a large sector of citizens is looking for the cheapest housing units, which are less than 500,000 Egyptian pounds, in order to be suitable for their purchasing capabilities, because the lowest unit in any compound has become more than one million Egyptian pounds, and the same applies to housing projects other than housing social.

- The price per square meter in Sakiet Makki and Umm El Masryen areas in Giza has reached 2600 to 2800, meaning that the cost of an 80-square-meter apartment ranges between 208 thousand and 224 thousand Egyptian pounds, and these apartments are unfinished with “red bricks.”

- The "Al-Haram" and "Faisal" areas are among the most demanded areas for apartments, and the prices of apartments with an area of 85 square meters have reached 250 thousand unfinished in the "Talbeya", "Al Thalatini" and "Marriotia" areas, while the semi-finished apartment has reached 500 One thousand Egyptian pounds in the areas of "Al-Thawra Street" and "Nasr El-Din".
In the “Faisal” area, the prices of apartments reach 280,000 unfinished, and up to 300,000 Egyptian pounds, according to the location and floor of the apartment in “Al-Talbeya” and “Al-Koum Al-Akhdar” streets, while they reach 400,000 EGP in “Al-Taawun” Street.

- In the “Hadayek Al-Ahram” area in Giza, the price per square meter of a residential apartment ranges between 3400 EGP and 3900 EGP, for areas ranging from 85 to 180 meters, i.e. the cost of an apartment with an area of 100 square meters ranges from 340,000 EGP to 390,000 EGP. In the "Hadayek Al-Ahram" area, separate buildings, and there are no compounds, and the apartments are delivered semi-finished.

- The “Investors’ Land” area in 6th of October City is one of the most distinguished areas with excellent prices compared to the prices of the rest of the apartments in the city, and this area includes more than 1500 residential buildings.
The apartments in this area are delivered semi-finished, and all have a single area of 75 square meters. Apartment prices start from 240 thousand pounds to 450 thousand pounds.

- The prices of apartments in the "Ain Shams" area start from 250 thousand pounds for semi-finished apartments, which range in size from 80 meters to 115 meters, and in some streets, they reach 480 thousand.

- The "Gisr Al-Suez" area is one of the areas in most demand for buying apartments in the recent period. The prices of apartments are constantly rising due to the services and infrastructure that are constantly being developed in recent times.
There are 140-meter apartments at 450 thousand pounds, and 170-meter apartments with 6500 thousand fully finished, while unfinished apartments start from 200 thousand pounds for spaces of 90 and 100 meters.