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WHO ARE WE?

AKARAT EST. was founded in 2006 with the aim of providing clients with excellent returns on real estate investments. The company has its origins in a family-run business that has been active in the real estate industry for many years. AKARAT EST. is now a leading player in the industry, with a diversified portfolio and exclusive relationships that provide the most secure returns.

FAQ

General FAQ

  • What is New Zayed City?

New Zayed City is a thriving real estate market located in the western part of Cairo, Egypt. It's a newly built city known for its modern infrastructure, green spaces, and strategic location.

  • Why should I consider living in New Zayed City?

New Zayed City offers a desirable living environment with diverse property options, modern amenities, and easy access to major roads and highways.
 

  • What types of properties are available in New Zayed City?

There's a wide range of properties to suit various preferences and budgets, including luxurious villas and townhouses, modern apartments, and penthouses.
 

  • What are the typical features of properties in New Zayed City?

Properties boast contemporary designs, high-quality finishes, and luxurious amenities, providing a comfortable and upscale lifestyle.
 

  • How much do properties cost in New Zayed City?

Property prices vary depending on location, size, and developer. Akarat Estate can help you find properties that match your budget.
 

  • Is New Zayed City a good place to invest in real estate?

Yes! The city's growth, rising property values, and increasing demand create a lucrative opportunity for long-term returns.
 

  • What are the benefits of investing in New Zayed City?

Investors can benefit from potential capital appreciation, a growing rental market offering rental income, and high ROI for resale.
 

  • How can I learn more about properties in New Zayed City?

Contact Akarat Estate Company. Our team can answer your questions, show you available properties, and guide you through the investment process.
 

  • What are these gated communities in Sheikh Zayed City?

These are secure neighborhoods offering various housing options like villas, apartments, and townhouses.
 

  • What kind of amenities do they offer?

Many have swimming pools, gyms, playgrounds, walking paths, and even clubhouses with cafes and event spaces.
 

  • Who might enjoy living in a compound?

Families with children, professionals seeking convenience, and anyone who prioritizes a safe and secure environment.
 

  • How much does it cost to live in a compound?

Prices vary depending on the compound, the size and type of home (villa vs. apartment), and the amenities offered.
 

  • What are some factors to consider when choosing a compound?

Budget: Set a realistic price range for your housing needs.

Location: Consider commute times and proximity to important places like schools or shops.

Amenities: Choose a compound with the features you'll use most (gym, pool, etc.).

Type of home: Villas offer more privacy but are pricier, while apartments are more affordable and social.

 

  • Are there any pet-friendly compounds?

Yes, some compounds allow pets with specific rules and regulations.

  • Do these communities have security measures?

Yes, security is a major focus, often with gated entrances, security guards, and CCTV cameras.

  • Is there parking available in the compounds?

Most compounds offer dedicated parking spaces for residents, sometimes with additional guest parking.

  • What are the maintenance fees like?

Living in a compound usually involves ongoing maintenance fees that cover security, upkeep of common areas, and sometimes utilities.

  • Is it easy to find schools and hospitals near the compounds?

Many compounds are located near schools and hospitals, offering convenience for families.

  • Do the compounds offer any social events or activities?

Some organize events or activities for residents, fostering a sense of community.

  • Is it easy to find information about these communities online?

Yes, most compounds have websites or social media pages with details and photos.

  • Can I visit a compound before making a decision?

Absolutely! Contact Akarat Estate directly to schedule a viewing.

  • What documents do I need to rent or buy a property in a compound?

The specific requirements can vary. It's best to consult with Akarat Estate for guidance.

  • Why consider contacting Akarat Estate when renting or buying property in a Sheikh Zayed City compound?

While you can find properties for rent or purchase independently, using a reputable agency like Akarat Estate offers several advantages:

  1. Local Expertise: Akarat Estate likely has in-depth knowledge of Egypt’s real estate market, including current rental and sales trends, specific features of each community, and potential hidden gems.

  2. Time-Saving: They can handle the search process, saving you significant time and effort by filtering options based on your needs and budget.

  3. Negotiation Skills: Akarat Estate's experience can be vital when negotiating rental agreements or purchase offers, potentially securing you a better deal.

  4. Streamlined Process: They can guide you through the paperwork, legalities, and procedures involved in renting or buying property, ensuring a smooth transaction.

  5. Access to Exclusive Listings: Akarat Estate have access to properties not publicly advertised, giving you a wider range of options.

  • Why is there such a high demand for housing in Egypt? 

Egypt's growing population and high marriage rates are driving the strong demand for housing.

What government initiatives are boosting the housing market? 

The government is easing foreign ownership restrictions and introducing new mortgage programs to stimulate the market.

 

  • How do property prices vary across locations? 

Luxury areas command significantly higher prices than more affordable neighborhoods.

 

  • What's the rental market situation in Egypt? 

The rental market remains strong, with high-end property rents continuing to rise. The rental rate increases yearly between 50-100% based on the location and property’s age. 

 

  • What's the new administrative capital project about?

The government is building a new capital east of Cairo, expected to accommodate millions of people.

 

  • Does Akarat Estate offer property management services? 

Yes, we offer property management services to ensure your investment runs smoothly.

 

  • Can I sell my property through Akarat Estate? 

We can definitely help you sell your property. Our expertise will ensure you get the best market value.

 

  • What are Akarat Estate's fees for buying or selling property? 

Our fees are competitive and transparent. We'll provide a clear breakdown of costs upfront.

 

What are the closing costs associated with buying property in Egypt? There are various closing costs, including registration fees and taxes. We'll explain them all in detail.

 

  • What types of properties does Akarat Estate offer? 

We offer a diverse range of properties, including apartments, villas, land plots, and commercial spaces.

 

  • I'm interested in luxury properties. Do you have options? 

We have a selection of high-end properties in prestigious locations.

 

  • Are there any beachfront properties available? 

Yes, we can show you some fantastic beachfront properties across the Egyptian coast.

 

  • What factors should I consider when choosing an investment property? 

Location, rental potential, property type, and future development plans are all crucial factors. We can guide you through the decision-making process.

 

  • What are the expected rental profits for different property types? 

Rental profits can vary, but we can provide you with market data to make informed choices.

 

  • Is Egypt a safe country to live in? 

Egypt is generally safe, but it's always wise to be aware of your surroundings and take precautions.

 

  • In your experience, which areas in Egypt have witnessed the most significant price increases for residential properties in the past year?

While I can't share exact figures, our experience at Akarat Estate suggests that areas experiencing significant growth include those undergoing major infrastructure projects or with a high demand for housing due to population growth. Some examples might be New Cairo City, New Zayed, Ras El Hekma or the North Coast. However, specific details depend on the property type and size.

  • Are there any specific types of properties, like apartments or villas, that are experiencing a higher growth rate in Egypt's real estate market?

The growth rate can vary depending on location and demand. In some areas, luxury villas might be experiencing a higher growth rate due to limited supply. Conversely, in areas with a growing young population, apartments might be seeing a surge in prices.

  • I'm interested in [type of property] in [area]. Can you share your insights on how property values have changed in that location over the past few years?

At Akarat Estate, we have access to market trends and data. While I can't share specific percentages here, we can schedule a consultation to provide a more detailed analysis of price trends for your preferred property type and area. This will give you a clearer picture of the market performance.

  • Considering my investment goals, would you recommend focusing on areas with rapid price appreciation or those with more stable, long-term growth?

This depends on your risk tolerance and investment horizon. Areas with rapid price appreciation can offer higher potential returns, but also come with greater risk of market fluctuations. On the other hand, stable markets might offer steadier, long-term growth with lower risk. We can discuss your goals and recommend an area that aligns with your investment strategy.

  • Once I narrow down my preferred area, can Akarat Estate help me access more detailed data on recent price increases for specific property types?

Certainly! Akarat Estate has access to comprehensive market data beyond publicly available resources. Once you have a specific area in mind, we can provide a more detailed analysis of recent price increases for your preferred property type. This will help you make informed investment decisions.

Remember, we are here to guide you through the Egyptian real estate market. Don't hesitate to reach out for a free consultation to discuss your specific needs and get expert advice.

 

  • What are the key trends shaping Egypt's real estate market in 2024?

The market is expected to see continued growth in affordable housing, sustainable development, and technology integration.

  • Is there still a strong demand for real estate in Egypt despite economic uncertainties?

Yes, there's a high demand driven by population growth, a growing middle class, and the tourism industry.

  • Where are investors seeing the most significant price increases?

Newly developed areas like the New Administrative Capital and the Red Sea coast are experiencing the highest growth.

  • How is the government influencing the real estate market?

The government is investing heavily in infrastructure projects to improve connectivity and accessibility, making real estate ventures more attractive.

  • What are some of the challenges facing the market in 2024?

Rising construction costs and potential economic fluctuations could pose challenges.

  • Are there any upcoming changes to foreign investment regulations expected in 2024?

Potential changes might involve further reforms in property registration and ownership laws, making foreign investment even more attractive.

  • How much have property prices increased in Egypt in recent years?

Prices have risen across the board, with the most significant increases in new urban areas and tourist destinations. Prices vary by location and property type.

  • Where can I find the most affordable housing options?

The government and private developers are offering affordable housing initiatives to cater to a wider demographic. Akarat Estate can help you explore these options.

  • I'm interested in sustainable properties. What are some trends in this area?

There's growing interest in eco-friendly features like energy-saving technologies and sustainable design. Akarat Estate can connect you with properties that prioritize sustainability.

  • How is technology impacting the real estate market?

Proptech solutions are facilitating online property searches, virtual tours, and transactions. Additionally, smart home features and digital property management are becoming increasingly popular.

  • Which areas in Cairo are experiencing the most development?

New Cairo remains a hot spot, with significant rental increases in both East and West Cairo.

  • Is the North Coast a good investment for rental income?

The North Coast, particularly areas like Ras El Hekma, is a prime location for investors seeking strong rental income.

Here's why:

High Tourist Demand: The North Coast boasts stunning beaches and a vibrant summer atmosphere, attracting a large influx of tourists. This surge in demand drives rental prices significantly upwards during the peak season.

 

Potential for High Returns: Stories abound of investors in the North Coast generating enough rental income to live comfortably off their properties during the summer months. While specific figures can fluctuate depending on factors like property type and location, the potential for substantial returns is undeniable high. 

 

  • Akarat Estate's Expertise: We can help you navigate this market by: 

Analyzing rental trends in specific North Coast locations.

Identifying properties with high rental potential based on factors like size, amenities, and proximity to tourist attractions.

Connecting you with reliable property management companies to ensure smooth rental operations.

By partnering with Akarat Estate, you can explore the North Coast's lucrative rental market with confidence and make an informed investment decision.

Yes, the North Coast remains a popular tourist destination with high investment potential due to its beautiful and unique location.

  • Are there any other regions with promising real estate opportunities?

Cities like Ain Sokhna is also experiencing robust activity and price growth.

  • What's the overall forecast for Egypt's housing market between 2024 and 2030?

The market is expected to undergo significant changes, influenced by factors like economic growth, population dynamics, and global trends. While predicting the exact future is challenging, signs point towards a dynamic market with potential for growth.

  • Will existing home sales increase as mortgage rates decline?

Globally, the housing market is anticipated to see a rebound in existing home sales as mortgage rates decrease. This trend is likely to influence Egypt as well, making existing homes a more attractive option.

  • How will new home sales be impacted?

Demand for newly built homes may remain high due to pent-up demand and builders' strategies like offering lower mortgage rates to incentivize purchases.

  • Are there significant price variations across different regions?

Absolutely. Cities like Sheikh Zayed currently hold the highest average price per square meter. Akarat Estate can provide insights into specific regional variations to guide your investment decisions.

  • How will economic growth and government reforms impact the market?

Strong economic growth and government initiatives like easing up foreign land ownership are expected to positively affect the housing market by boosting investor confidence.

  • Does Egypt's high population growth play a role in the housing market?

Egypt's significant population growth, coupled with a high marriage rate, translates to a constant demand for new housing units. This sustained demand is a positive indicator for the market.

  • How do currency fluctuations affect real estate investment?

The devaluation of the Egyptian pound can make real estate more attractive for Egyptians living abroad, potentially increasing demand and investment in the sector.

  • What advice would you give to someone considering buying property in Egypt?

The market is constantly evolving. Akarat Estate recommends continuous market monitoring to stay updated on the latest trends and make informed decisions.

  • How can Akarat Estate help me navigate the complexities of the Egyptian housing market?

Akarat Estate's team of experts can assist you in several ways:

Market Analysis: We provide in-depth analysis of current market trends and future projections.

Investment Strategies: Based on your needs and goals, we can recommend suitable investment options in the housing market.

Regional Expertise: We have extensive knowledge of different regions in Egypt and their unique market dynamics.

Property Search: We can help you find properties that align with your budget, location preferences, and investment objectives.

 

  • What if I'm interested in a specific region like Sheikh Zayed City?

Akarat Estate has a strong presence across various regions in Egypt. We can provide detailed insights into the Sheikh Zayed City market, including current pricing trends, potential for growth, and available properties that meet your criteria.

  • I'm concerned about the long-term stability of the market. What steps can I take to mitigate risk?

While the future cannot be guaranteed, partnering with Akarat Estate can significantly reduce your risk. Our experience and market knowledge allow us to identify sound investment opportunities and guide you through the entire process.

  • New Zayed City is a thriving real estate market located in the western part of Cairo, Egypt. It's a newly built city known for its modern infrastructure, green spaces, and strategic location.

  • New Zayed City offers a desirable living environment with diverse property options, modern amenities, and easy access to major roads and highways.

  • There's a wide range of properties to suit various preferences and budgets, including luxurious villas and townhouses, modern apartments, and penthouses.

  • Properties boast contemporary designs, high-quality finishes, and luxurious amenities, providing a comfortable and upscale lifestyle.

  • Property prices vary depending on location, size, and developer. Akarat Estate can help you find properties that match your budget.

  • Many developers offer flexible payment plans with extended installments and low-down payments. Akarat Estate can advise you on available options.

  • Yes! The city's growth, rising property values, and increasing demand create a lucrative opportunity for long-term returns.

  • Investors can benefit from potential capital appreciation, a growing rental market offering rental income, and high ROI for resale.

  • Contact Akarat Estate Company. Our team can answer your questions, show you available properties, and guide you through the investment process.

  • These are secure neighborhoods offering various housing options like villas, apartments, and townhouses.

  • Many have swimming pools, gyms, playgrounds, walking paths, and even clubhouses with cafes and event spaces.

  • Families with children, professionals seeking convenience, and anyone who prioritizes a safe and secure environment.

  • Prices vary depending on the compound, the size and type of home (villa vs. apartment), and the amenities offered.

    1. Budget: Set a realistic price range for your housing needs.

    2. Location: Consider commute times and proximity to important places like schools or shops.

    3. Amenities: Choose a compound with the features you'll use most (gym, pool, etc.).

    4. Type of home: Villas offer more privacy but are pricier, while apartments are more affordable and social.

  • Yes, some compounds allow pets with specific rules and regulations.

  • Yes, security is a major focus, often with gated entrances, security guards, and CCTV cameras.

  • Most compounds offer dedicated parking spaces for residents, sometimes with additional guest parking.

  • Living in a compound usually involves ongoing maintenance fees that cover security, upkeep of common areas, and sometimes utilities.

  • Many compounds are located near schools and hospitals, offering convenience for families.

  • Some organize events or activities for residents, fostering a sense of community.

  • Yes, most compounds have websites or social media pages with details and photos.

  • Absolutely! Contact Akarat Estate directly to schedule a viewing.

  • The specific requirements can vary. It's best to consult with Akarat Estate for guidance.

  • While you can find properties for rent or purchase independently, using a reputable agency like Akarat Estate offers several advantages:

    1. Local Expertise: Akarat Estate likely has in-depth knowledge of Egypt’s real estate market, including current rental and sales trends, specific features of each community, and potential hidden gems.

    2. Time-Saving: They can handle the search process, saving you significant time and effort by filtering options based on your needs and budget.

    3. Negotiation Skills: Akarat Estate's experience can be vital when negotiating rental agreements or purchase offers, potentially securing you a better deal.

    4. Streamlined Process: They can guide you through the paperwork, legalities, and procedures involved in renting or buying property, ensuring a smooth transaction.

    Access to Exclusive Listings: Akarat Estate have access to properties not publicly advertised, giving you a wider range of options.

  • There's been a significant rise of almost 150%  in house prices, but inflation might offset some of the gains.

  • Egypt's growing population and high marriage rates are driving the strong demand for housing.

  • The government is easing foreign ownership restrictions and introducing new mortgage programs to stimulate the market.

  • Luxury areas command significantly higher prices than more affordable neighborhoods.

  • The rental market remains strong, with high-end property rents continuing to rise. The rental rate increases yearly between 50-100% based on the location and property’s age. 

  • The government is building a new capital east of Cairo, expected to accommodate millions of people.

  • Yes, we offer property management services to ensure your investment runs smoothly.

  • We can definitely help you sell your property. Our expertise will ensure you get the best market value.

  • Our fees are competitive and transparent. We'll provide a clear breakdown of costs upfront.

    1. There are various closing costs, including registration fees and taxes. We'll explain them all in detail.

    1. We offer a diverse range of properties, including apartments, villas, land plots, and commercial spaces.

  • We have a selection of high-end properties in prestigious locations.

  • Yes, we can show you some fantastic beachfront properties across the Egyptian coast.

  • Location, rental potential, property type, and future development plans are all crucial factors. We can guide you through the decision-making process.

  • Rental profits can vary, but we can provide you with market data to make informed choices.

  • The market is expected to see continued growth in affordable housing, sustainable development, and technology integration.

  • Yes, there's a high demand driven by population growth, a growing middle class, and the tourism industry.

  • Newly developed areas like the New Administrative Capital and the Red Sea coast are experiencing the highest growth.

  • The government is investing heavily in infrastructure projects to improve connectivity and accessibility, making real estate ventures more attractive.

  • Rising construction costs and potential economic fluctuations could pose challenges.

  • Potential changes might involve further reforms in property registration and ownership laws, making foreign investment even more attractive.

  • Prices have risen across the board, with the most significant increases in new urban areas and tourist destinations. Prices vary by location and property type.

  • The government and private developers are offering affordable housing initiatives to cater to a wider demographic. Akarat Estate can help you explore these options.

  • There's growing interest in eco-friendly features like energy-saving technologies and sustainable design. Akarat Estate can connect you with properties that prioritize sustainability.

  • Proptech solutions are facilitating online property searches, virtual tours, and transactions. Additionally, smart home features and digital property management are becoming increasingly popular.

  • New Cairo remains a hot spot, with significant rental increases in both East and West Cairo.

  • The North Coast, particularly areas like Ras El Hekma, is a prime location for investors seeking strong rental income.

    Here's why:

    • High Tourist Demand: The North Coast boasts stunning beaches and a vibrant summer atmosphere, attracting a large influx of tourists. This surge in demand drives rental prices significantly upwards during the peak season.

     

    • Potential for High Returns: Stories abound of investors in the North Coast generating enough rental income to live comfortably off their properties during the summer months. While specific figures can fluctuate depending on factors like property type and location, the potential for substantial returns is undeniable high. 

     

    • Akarat Estate's Expertise: We can help you navigate this market by: 

      • Analyzing rental trends in specific North Coast locations.

      • Identifying properties with high rental potential based on factors like size, amenities, and proximity to tourist attractions.

      • Connecting you with reliable property management companies to ensure smooth rental operations.

    By partnering with Akarat Estate, you can explore the North Coast's lucrative rental market with confidence and make an informed investment decision.

    Yes, the North Coast remains a popular tourist destination with high investment potential due to its beautiful and unique location.

  • Cities like Ain Sokhna are also experiencing robust activity and price growth.

  • The market is expected to undergo significant changes, influenced by factors like economic growth, population dynamics, and global trends. While predicting the exact future is challenging, signs point towards a dynamic market with potential for growth.

  • Globally, the housing market is anticipated to see a rebound in existing home sales as mortgage rates decrease. This trend is likely to influence Egypt as well, making existing homes a more attractive option.

  • Demand for newly built homes may remain high due to pent-up demand and builders' strategies like offering lower mortgage rates to incentivize purchases.

  • Absolutely. Cities like Sheikh Zayed currently hold the highest average price per square meter. Akarat Estate can provide insights into specific regional variations to guide your investment decisions.

  • Strong economic growth and government initiatives like easing up foreign land ownership are expected to positively affect the housing market by boosting investor confidence.

  • Egypt's significant population growth, coupled with a high marriage rate, translates to a constant demand for new housing units. This sustained demand is a positive indicator for the market.

  • The devaluation of the Egyptian pound can make real estate more attractive for Egyptians living abroad, potentially increasing demand and investment in the sector.

  • The market is constantly evolving. Akarat Estate recommends continuous market monitoring to stay updated on the latest trends and make informed decisions.

  • Akarat Estate's team of experts can assist you in several ways:

    • Market Analysis: We provide in-depth analysis of current market trends and future projections.

    • Investment Strategies: Based on your needs and goals, we can recommend suitable investment options in the housing market.

    • Regional Expertise: We have extensive knowledge of different regions in Egypt and their unique market dynamics.

    • Property Search: We can help you find properties that align with your budget, location preferences, and investment objectives.

  • Akarat Estate has a strong presence across various regions in Egypt. We can provide detailed insights into the Sheikh Zayed City market, including current pricing trends, potential for growth, and available properties that meet your criteria.

  • While the future cannot be guaranteed, partnering with Akarat Estate can significantly reduce your risk. Our experience and market knowledge allow us to identify sound investment opportunities and guide you through the entire process.

  • The government might introduce programs to improve affordability or incentivize homeownership. Akarat Estate stays updated on such initiatives and can advise you on how to leverage them to your advantage.

  • Akarat Estate provides regular market updates and insights through various channels, including our website, social media platforms, and newsletters. Additionally, we can tailor reports based on your specific interests.

  • Beyond market trends, consider factors like your personal needs, long-term goals, and risk tolerance. Akarat Estate can guide you through a comprehensive decision-making process to ensure your investment aligns with your overall financial strategy.

    By partnering with Akarat Estate, you can navigate the ever-changing Egyptian housing market with confidence and make informed decisions that achieve your property ownership or investment goals.

  • ROI in Egypt's real estate market varies depending on several factors:

    • Location: Prime locations like New Cairo or the North Coast generally offer higher potential returns.

    • Property Type: Luxury apartments or villas might command higher rents compared to smaller apartments.

    • Market Conditions: A growing market with high demand can lead to better returns.

    • Investment Strategy: Strategies like rental income or capital appreciation can influence ROI.

  • Egypt has a history of significant real estate sector growth due to factors like population increase and government initiatives. Market research suggests an average annual return of 8-12% for residential properties, but again, specific figures depend on location and property type.

    • Cairo: The capital city offers a diverse range of properties with good rental yields.

    • New Cairo, New Administrative Capital, and El Sheikh Zayed City: These vibrant communities are experiencing growth and offer investment potential.

    • North Coast and Red Sea: Popular tourist destinations ideal for vacation home or resort development.

    • Other Cities: Ain El Sokhna, Hurghada, and Sharm El Sheikh also present investment opportunities.

    • Market Trends: Is the market showing positive growth potential?

    • Infrastructure Development: Is there ongoing infrastructure development in the area?

    • Rental Demand: Is there a high demand for rentals in the chosen location?

    • Capital Appreciation Potential: How likely is the property value to increase over time?

  • The outlook appears promising due to several factors:

    • Government Initiatives: Reforms to attract foreign investment and stimulate growth are underway.

    • Population Growth and Urbanization: The rising population and increasing urbanization create a constant demand for properties.

    • Mega-Projects: The New Administrative Capital and New El Alamein City offer exciting real estate investment opportunities.

  • According to Modor Intelligence, Egypt's residential real estate market is expected to experience a Compound Annual Growth Rate (CAGR) of 10.96% from 2024 to 2029. This translates to a potential market size of USD 33.67 billion by 2029, compared to USD 20.02 billion in 2024.

  • Not necessarily. While demand is higher, rental yields for apartments might be lower compared to villas due to potentially lower rental rates per square meter. Akarat Estate can provide a more detailed breakdown of rental yields for both options.

  • Absolutely not! Villas offer potential for long-term capital appreciation due to limited supply and land scarcity. They might be a good choice for investors with a longer investment horizon.

  • It depends on your goals and lifestyle. Apartments offer a lower-maintenance option, while villas provide more space and privacy. Akarat Estate can help you weigh these factors based on your preferences.

  • Akarat Estate can help you develop an investment strategy based on your goals. We can consider factors like:

    • Rental income strategy: We can help you find an apartment with high rental potential to maximize your return on investment.

    • Capital appreciation strategy: We can identify properties with strong potential for long-term value growth.

  • Absolutely! Akarat Estate can provide detailed market reports with historical trends, rental yield projections, and future outlooks for both apartments and villas in the 5th Settlement.

  • We can assist you throughout the entire process:

    • Property Search: We can find properties that align with your budget, location preferences, and investment goals.

    • Acquisition Guidance: Our experts can guide you through negotiations, legal procedures, and property acquisition.

     

    Let Akarat Estate be your partner in navigating New Cairo's 5th Settlement real estate market!

  • Yes, the price increases in the North Coast, ranging from 55% to 150% compared to previous periods.

  • Several factors:

    • Devaluation of the Egyptian Pound: The pound's value decrease against the dollar has increased import costs for construction materials.

    • Fuel Price Increases: Rising fuel prices are impacting development costs.

    • High Summer Demand: Traditionally, summer brings increased demand and higher prices in the North Coast.

  • Both buying and renting properties in the North Coast see price increases. The rental prices reaching EGP 20,000 per night for mid-range chalets and even higher in some areas.

  • Experts suggest longer payment plans (6-7 years) might be offered to compensate for higher prices.

  • Yes, particularly for projects from established developers and those with flexible payment options. Especially with factors like:

    • Egyptian Emigrants: Many Egyptians living abroad choose the North Coast for summer vacations.

    • Gulf Investors: Interest from Gulf investors in established North Coast projects.

    • Safe Investment: With lower interest rates on savings certificates, some might see real estate as a secure investment option.

  • Akarat Estate can assist you with navigating the North Coast real estate market in several ways:

    • Market Analysis: We can provide insights into current trends, price forecasts, and potential investment opportunities.

    • Property Search: Based on your budget and preferences, we can identify suitable properties in the North Coast that align with your investment goals.

    • Developer Evaluation: Akarat Estate can help you assess the reputation and track record of different developers in the North Coast.

    • Negotiation and Acquisition Guidance: Our team can guide you through negotiations with developers and ensure a smooth property acquisition process.

  • Akarat Estate maintains a comprehensive database of North Coast projects. We can provide detailed information on project features, amenities, pricing structures, and payment plans.

  • The North Coast's popularity as a summer destination suggests strong rental potential. Akarat Estate can help you evaluate the long-term investment potential

  • Several factors contribute to the boom:

    • Stunning Scenery and Amenities: The North Coast boasts beautiful beaches, landscapes, and world-class amenities, attracting domestic and international buyers.

    • Proximity to Major Cities: Its convenience to cities like Cairo makes it a popular getaway destination, leading to rising property values.

    • Positive Return on Investment: Experts predict continued property value increases, making it a potentially lucrative investment.

  • The market offers a diverse selection:

    • Luxury Beachfront Villas and Apartments: Catering to high-end buyers seeking a luxurious coastal lifestyle.

    • Well-Appointed Resorts and Hotels: Meeting the needs of tourists and offering investment opportunities in hospitality ventures.

    • Integrated Communities: Planned communities featuring amenities like golf courses, private beaches, and recreational facilities.

  • Absolutely! The stunning coastline and favorable climate make it ideal for those seeking a relaxing escape. Many are investing in second homes or holiday retreats there.

  • People increasingly seek peaceful getaways with natural beauty and modern conveniences. The North Coast perfectly fits this growing desire.

  • The region experiences high demand for short-term rentals, especially during peak tourist seasons. Investors can purchase properties for rental income throughout the year.

  • The government is heavily investing in transportation networks (highways, airports) to improve accessibility and convenience for residents and visitors. This infrastructure development enhances the area's overall appeal and long-term growth.

  • Experts predict continued growth due to the region's natural beauty, increasing tourism, and ongoing infrastructure projects. 

  • Thorough research is crucial. Akarat Estate can help you understand the specific dynamics of the market, including:

    • Location: Different areas offer varying price points, amenities, and investment potential.

    • Property Type: Villas, apartments, and commercial properties cater to different needs and budgets.

    • Buyer Preferences: Understanding local and international buyer trends helps in selecting the right property.

  • Akarat Estate offers comprehensive services to guide you through the entire process:

    • Market Analysis: We provide insights into current trends, price forecasts, and potential investment opportunities tailored to your goals.

    • Property Search: We leverage our extensive network to find properties that match your budget, preferences, and investment objectives.

    • Investment Strategy Development: We work with you to define your investment goals and recommend suitable property options based on your risk tolerance and return expectations.

    • Negotiation and Acquisition Assistance: Our team can guide you through negotiations with developers and ensure a smooth property acquisition process.

    Whether you're seeking a luxurious beachfront villa or a well-located rental property, Akarat Estate can help you navigate the exciting North Coast real estate market and achieve your investment goals.

  • Yes, significantly. A rise in prices for both new developments and existing properties.

    1. How much have prices increased?

    • New Resorts: Prices per square meter can reach up to LE 240,000, potentially tripled compared to resorts closer to Alexandria.

    • Resale Market: Prices in older resorts have increased from LE 50,000 to LE 100,000 per square meter.

    • New Alamein City: High demand and potential for further price hikes.

  • several factors:

    • Increased Demand: New Alamein's allure has attracted buyers, particularly those seeking investment opportunities.

    • Rising Construction Costs: Increased material costs contribute to higher overall property prices.

    • Resale Market Activity: Owners in older resorts are selling to invest in newer projects, further tightening supply and pushing prices up.

    • Shifting Preferences: Alexandria residents might prefer properties closer to their city, while Cairo residents seem drawn to the newer North Coast resorts.

  • It aims to be a comprehensive urban center, not just a tourist destination. Plans include:

    • Residential Areas: Housing over 400,000 residents with a mix of villas, cabins, and houses.

    • Tourism Infrastructure: Luxury hotels, malls, and entertainment facilities.

    • Education and Healthcare: A university and healthcare facilities are planned.

    • Industry and Agriculture: Industrial and agricultural projects are envisioned for long-term development.

    • Cultural Hub: A Heritage City featuring cultural and commercial buildings is planned.

  • The development of a comprehensive city with diverse offerings could make the area even more attractive to residents and investors, potentially leading to continued market growth.

  • The deal involves developing the Ras El Hekma area on the North Coast with a total value of $150 billion over the project's lifespan. It includes an initial injection of $35 billion in direct foreign investment within two months.

    • Increased Foreign Currency Reserves: The investment is expected to boost Egypt's foreign currency reserves, potentially stabilizing the Egyptian pound's exchange rate.

    • Job Creation: The project is anticipated to generate millions of jobs during development.

    • Economic Growth: The deal could stimulate overall economic growth in Egypt.

    • Tourism Boost: Increased tourism activity is expected due to the project's focus on the North Coast.

    • Increased Dollar Liquidity: The deal could potentially ease the dollar liquidity crisis and stabilize the exchange rate in the long run.

    • Tourism Revenue Growth: A thriving tourism sector would bring more dollar income to the country.

    • Private Sector Empowerment: Focus on empowering the private sector could create sustainable development opportunities.

    • Prime Location: Situated between Alexandria and Marsa Matrouh, it offers easy access from major cities like Cairo, ideal for weekend getaways.

    • Stunning Beaches: Pristine beaches and crystal-clear waters make it a sought-after tourist destination, enhancing property value.

    • Infrastructure Projects: Ongoing improvements to road networks and utilities are boosting the area's infrastructure and investment potential.

    • Experts predict high potential returns due to:

    • Increased Demand: Growing interest from developers and investors is leading to a surge in residential and commercial projects.

    • Diverse Property Options: Luxury resorts, gated communities, and mixed-use developments cater to various preferences and budgets.

    • Rental Income Opportunities: The area's popularity as a tourist destination creates a strong rental market for property owners.

    • Appreciation Potential: Real estate prices are expected to rise due to increasing demand and development.

    • Continued Growth: The area is likely to experience significant real estate growth due to investor interest and ongoing projects.

    • Evolving Landscape: The market will see a wider variety of property options to cater to different investor needs.

    • Tourism-Related Businesses: Opportunities will arise for businesses catering to the growing tourist influx.

    • Their success elevates Ras El Hekma's profile and contributes to its appeal as an investment destination, fostering sustained growth.

    • Ras Al- Hekma Deal: A Lifeline for the Egyptian Economy - Your Questions Answered

    • The recent deal between Egypt and the Abu Dhabi Sovereign Wealth Fund (ADQ) for the development rights of Ras El-Hekma has sparked optimism about the Egyptian economy's future. Here's a breakdown of key points and potential questions you might have:

    • Increased Foreign Direct Investment (FDI): The deal represents the largest FDI in Egypt's history, potentially easing the dollar shortage.

    • Improved Foreign Exchange Availability: This could lead to a "relatively modest" devaluation of the pound compared to the black market rate.

    • IMF Loan Prospects: The deal is seen as a positive step towards securing a larger loan from the IMF.

    • Tourism Boost: The project's completion could attract an additional eight million tourists annually, generating significant foreign exchange revenue.

    • Privatization Momentum: The deal could accelerate the government's privatization program, a key requirement for the IMF.

    • The deal has the potential to strengthen the Egyptian economy in the long run, fostering investor confidence and market stability.

    • Investors: Increased market activity and stability could present attractive investment opportunities.

    • Tourists: The development of Ras El-Hekma could lead to a more attractive tourist destination.

    • The Egyptian People: A stronger economy could lead to job creation and improved living standards.

    • A new city being built 30 miles east of Cairo, Egypt. It aims to relieve congestion in Cairo and become a continental hub for business and trade.

    • Phase one is nearing completion, with over 1,500 families and 48,000 government employees already there.

    • Phase two is delivered at beginning of 2024.

    • The entire project is estimated to cost around $58 billion.

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