Top 5 reasons to invest in New Cairo
Increased investments globally
The increased number of Arab investors in Egypt’s New Cairo is revamping the real estate sector in the country. There is growth in the development of new residential units; thus, effective and profitable investment opportunity. There are increased housing needs for a population that is growing steadily at two percent. The demand for residential houses increased in 2014 after the experience of Arab spring and regime change. The political turmoil didn’t dampen the appetite and need for investors to develop new units for commercial and residential purposes. It can be noted that investment in Egypt real estate extends to other sectors such as hospitality. The mega-projects such as the expansion of the Suez Canal and Cairo Airport City will open up the environment for investment. The factors pushing for real estate demand in the country is an additional need for retail, housing, and social infrastructure.
The increased number of Arab investors in Egypt’s New Cairo is revamping the real estate sector in the country. There is growth in the development of new residential units; thus, effective and profitable investment opportunity. There are increased housing needs for a population that is growing steadily at two percent. The demand for residential houses increased in 2014 after the experience of Arab spring and regime change. The political turmoil didn’t dampen the appetite and need for investors to develop new units for commercial and residential purposes. It can be noted that investment in Egypt real estate extends to other sectors such as hospitality. The mega-projects such as the expansion of the Suez Canal and Cairo Airport City will open up the environment for investment. The factors pushing for real estate demand in the country is an additional need for retail, housing, and social infrastructure.
Huge and ready market The huge population of Egyptians provides investors with a large consumer base for housing units. The favorable economic climate, growing middle class, and low cost of labor are enhancing the stature of Cairo as a Real Estate hub in the region. It is imperative to note that Egypt is strategically located on edges of Africa and connects countries in Middle East, Europe, Asia, and Africa. These factors have played a critical role in enhancing the status of Egypt as an investment destination for real estate. Also, it is estimated that there will be a shortage of half a million housing units by 2020. The government has developed initiatives to create a conducive investment environment. They are encouraging efforts of investors in developing housing units for the Low-income people in society. The investors need to invest in low-cost housing units since many developers are focusing on the high-end market. The gap in low-income earner housing units offers an excellent opportunity for investors.
High population growth
Similarly, the increasing population growth is estimated to increase the housing needs of approximately 100,000 units per year to meet the demand. The demographics of households is changing as many young people prefer living alone. As investors in real estate, the change in demographics will affect consumer demand for houses. The price per meter of rental income is increasing steadily with to about $60. In the last year alone, the real estate prices have achieved a remarkable increase with studies quoting 20 percent increase. The expansion of trade and business activities in Egypt and price saturation promise better returns. The increase overcrowding increased needs of government to develop new cities such as New Cairo, 6th of October and Sheikh Zayed. The increased prices of housing units for rental and residential promises a better return for investors.
Strong economy
Investors in real estate in Egypt underscore opportunities available in New Cairo owing to the increased development of luxurious, middle-class and high-income housing units. Large projects in real estate include the development of villas, malls, commercial and residential units. The currency value plunged, the number of tourists reduced significantly after the crushing of the Russian plane. The country has fought notions of political instability and concerns about the shortage of dollars. The economy of Egypt is stronger despite the challenges that the country is facing, which promises better returns for investors.
Increased demand
The demand for housing needs is surpassing the supply of housing units provided; thus, l real estate business will be profitable for any investor. The increased activity in the real-estate business in Egypt is attributable to high growth in population. Many Egyptians locally and abroad attest to fact that the real estate market is thriving and superior investment destination. There is increased local investment in real estate business. An advantage of investing in Egypt includes better returns for investors in an environment that are safer. The devalued currency offers local investors to purchase housing units at a lower price when their currency is weak. Investors need to take advantage of cheaper investment opportunity. The emergence of the middle class in the economy such as Egypt offers investors’ confidence in safe harboring their investment in real estate. There are rising demands and prices of homes in many parts of the world, which shows that the housing boom is not limited to developed nations.
Features of best compounds in North Coast
The North Coast includes many compounds and tourist areas that are suitable for all individuals. North Coast visitors enjoy the charming and picturesque nature, the turquoise blue sea water and the various recreational activities.
Housing units
The shapes and spaces of the residential units vary greatly within each compound so that everyone finds what suits him, whether in terms of the number of rooms and others.
Privacy
It is the first goal of building the compounds, as it is a closed and highly private community, surrounded by a fence and gates, in order to be isolated from the outside world and protect its residents from noise, traffic and daily frictions.
Safety and security
The most important thing that the user is looking for to live in happiness, comfort and tranquility, which is what the compound certainly provides you with, as each compound has its own guard, which confirms the presence of security in a large extent in this residential neighborhood and ensures the existence of complete security and protection for you, your family and your property.
Services
Providing all possible services within the compound so that everyone finds what he needs without leaving it, such as clubs, malls, shops; hospitals; schools and other everything that individuals need to be able to live in a place.
Unified Architectural Design
One of the most important features of the residential compound is the unity of the geometric shape of the buildings; villas and buildings. and you will also find that the heights are unified. and the surfaces are organized in a manner commensurate; with the desired civilized form of the compound.
Recreational places
This feature differs between each compound and others. and according to the targeted social level to live in. Average prices and the responsible company and its planning for the compound itself; but at least you will find a gym and an open garden.
Green spaces
In the design of the compounds. he is keen on providing open green spaces; allowing the air to be renewed. keeping it fresh and helping you to enjoy the beauty of nature and seeing beautiful scenes daily.
Why choose Mostakbal City
Mostakbal City, the first smart green city in East Cairo, embodies a new concept of modern living.
Established through extensive market studies to meet the needs and expectations of developers and investors, it includes comprehensive utilities and vast green areas, planned meticulously to ensure sustainable development for both the present and future.
Spanning 5,408 acres (5,200 feddans), Mostakbal City is home to 28 developers and 42 projects.