“Affordable Housing in Greater Cairo: Where to Find Apartments for 400K EGP or Less”

2023-05-02 07:00:00

10:00 p.m

Tuesday 02 May 2023

Books – Muhammad Abdel Nasser:

Real estate prices have been on the rise continuously since the middle of last year until now, as the rate of increase approached more than 50% to 70%, according to real estate market dealers.

Many citizens seek to buy a housing unit in Greater Cairo at prices commensurate with their purchasing power and away from the high prices and compounds, and in the following report we explain the locations of the apartments, which average 400 thousand pounds, as this price has become the minimum to obtain a suitable housing unit at the present time

Apartment prices in Faisal and Al Haram:

Faisal and Al-Haram areas are among the most demanded areas in Giza Governorate due to the important location of the two areas, and the abundance of apartments in them. The price of a 100-square-meter unit ranges from 350 to 430 thousand pounds in the Al-Tawbeq and Al-Taawun areas in Faisal.

The price of the 100-square-meter apartment ranges from 380,000 to 450,000 in the areas of Al-Taawun, Al-Talibia, and Al-Thalathini Street, and these units are semi-finished.

Hadayek Al-Ahram area:

Hadayek Al-Ahram is one of the most popular areas at the present time, as the price of a 100-square-meter unit ranges from 450,000 to 700,000 pounds.

The units are semi-finished and on the internal streets, but the premium and fully finished apartments have a price exceeding one million pounds.

In Mariouteya, which is located on the ring road, the unit price ranges from 420,000 to 600,000, and the units are available with areas ranging from 90 meters to 220 meters, and the price is determined according to the services available in the street and the building, including the quality of finishing and the presence of an electric elevator.

Apartment prices in 15th of May City start from EGP 380,000 and reach up to EGP 430,000 for semi-finished units of 100 meters, while there are a large number of companies that can offer units in installments for a period ranging from two to four years.

The 80-square-meter apartment in New Heliopolis costs EGP 480,000, and it is fully finished.

In Badr City, in the distinguished neighborhood, the 140-square-meter apartment registered 600 thousand, and it is a unit without finishing.

In 6th of October City, the lowest semi-finished unit starts from 490 thousand pounds and reaches up to 600 thousand pounds in areas such as the Investors Association, the northern expansions and the southern oases.

At the time, there are companies providing units in installments for a period of up to 3 years.

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