You Need To Know

Real Estate Egypt Launches

Whether searching for a new home or looking for the next lucrative investment opportunity, new launches in the Egyptian real estate market are the right choice for you. The market has been booming for decades with no signs of slowing down.

This is clearly seen in the abundance of new launches all over the country. In fact, most real estate companies in Egypt have added new projects and compounds to their portfolios in the past couple of years.

Purchasing a property in a newly launched project may seem like a risk, however, with the array of advantages they offer, it is a smart choice.

Through Nawy, you can learn more about newly launched projects in the Egyptian real estate market and effortlessly buy your future home.

What are the Advantages of Getting a Home in a Newly Launched Compound?

Benefits of buying a property in a new launch in one of the compounds include:

• Having access to better prices and deals
• Picking the most suitable location
• Being the first to move in

Usually, real estate companies start by collecting expressions of interest (EOI) on the first phase of a project before they start selling the properties listed.

What are Real Estate Expressions of Interest (EOI)?

An expression of interest (EOI) is an amount of money, set by the real estate developer of the gated community, that shows a customer is interested in purchasing a property. Generally, each property type has its own EOI and they are collected before the construction commences.

Here arises the question of where you should consider purchasing a home. In other words, which areas in Egypt are the best to live in?

Top Areas in Egypt To Buy Properties

The best residential compounds in Egypt can be found in the following areas:

• New Cairo
• New Administrative Capital
• Sheikh Zayed
• 6th of October City
• New Zayed
• 5th Settlement
• Ain Sokhna
• North Coast
• Mostakbal City

Choosing a home depends on many factors, but keep in mind that these areas are on a constant rise. This means that prices are drastically increasing and this is a chance for you to hold your money’s value and invest in one of the lowest-risk types of investments.

Who Are the Top Real Estate Developers in Egypt?

Picking the best real estate developer is a difficult task, as the market is filled with tycoons offering outstanding projects. However, there are a number of companies that can be described as the top real estate developers in Egypt, including but not limited to

• Mountain View (DMG)
• Al Ahly Sabbour
• Ora Developers Egypt
• Palm Hills
• Misr Italia Properties
• SODIC
• Orascom Development
• Tameer Development
• Tatweer Misr

How to Choose the Right Property?

Choosing the right property depends on the purpose of the new property you are purchasing. For instance, if you are getting a new home for your family, then you should consider how many bedrooms will be comfortable, what amenities your family needs, and when you want to move.

However, if you are purchasing a property to start investing in real estate, then you should keep in mind what types of properties sell & rent easier, what are the upcoming areas, and which features are the most popular.

To be more precise, research shows that the highest-demanded properties have 3 bedrooms and built-up areas ranging between 150 sqm and 180 sqm.