Apartments for sale in Nasr City, Cairo
Purchasing an overseas property is one of the perfect ways to diversify your investment portfolio and reach a high level of income. The most important thing is to choose the right location for the property, as this directly affects the rent and the rate of capital growth. One of the promising investment destination opportunities for foreigners today is the market of property for sale in Cairo.
The Egyptian capital attracts businessmen and investors, end users, and tourists due to its developed social infrastructure, many attractions, a wide range of amenities, and a favorable climate. Also, a significant advantage is its rich choice of areas and types of housing. For the past few years, apartments in Nasr City, Cairo, Egypt, have been enjoying the attention of buyers and tenants. What kind of area is this, and why do investments in apartments on the local real estate market pay off?
Developed infrastructure and a wide range of amenities in this community are the main reasons for the rapidly growing demand for high-quality local residential real estate. Although the overpopulation of the area continues to grow, the interest from investors and end-users does not decrease due to recently created projects such as the Primera Compound, and the many apartment buildings on Abbas al-Aqqad, Makram Ebeid and Zahraa Nasr City streets, which all offer excellent options.
Flats for sale in Nasr City are quite diverse, making them suitable for any category of buyers and tenants. The most affordable options can be found in the 6th, 8th, 9th and 10th sub-communities. These locations are supplied with electricity, water, and all the infrastructure necessary for a comfortable stay. More luxurious housing options are available on streets such as Makram Ebeid, Abbas al-Aqqad, and Tayaran.
Life in Nasr City
Nasr City is a district in the eastern part of Cairo. It was founded in the 1960s as an extension of Heliopolis. The new community was part of the Egyptian government's plan to modernize and expand the capital after the 1952 revolution. Gamal Abdel Nasser, then President of Egypt, was involved in designing a new location and was the one who chose the name for it ("Nasr" is an Arabic word meaning "victory"). During its construction, the district was expected to become the new capital.
It is one of the most densely populated locations in Cairo. Local real estate is in great demand among Egyptian families, Somalis, and South Sudanese. This is the largest district of Cairo, covering almost 250 km2 of the total area of the capital of 1,445 km2. Therefore, it is divided into 10 sub-communities. The area offers a modern transportation infrastructure and an elaborate street system that contrasts with the narrow winding streets of most of Old Cairo.
The community is a busy area. Its shopping malls, cinemas, gourmet restaurants, and entertainment venues attract people here. The dynamic nightlife has caused local real estate to be in great demand among young and wealthy people who strive for a high level of comfort and a luxurious lifestyle.
Apartment prices in Nasr City
Prices for apartments in Nasr City for investment and permanent residence and villas in Cairo depend on a multitude of reasons, including the type and quality of the property, area, location, and amenities offered. Up-to-date prices in euros and dollars are available on the official website of "Cairo". The following table shows the average cost of apartments in Nasr City:
|Number of bedrooms||Area (m2)||Features||Average cost (US dollars)|
|2||147||Furniture and household appliances, concierge service, balcony, parking spaces, central air conditioning system, playground, 24-hour security, recreation area, park.||81,200|
|3||240||Partially furnished, household appliances, concierge service, balcony, parking spaces, central air conditioning system, children’s playground, 24-hour security, gym, swimming pool.||101,500|
|3||200||Unfurnished with household appliances, concierge service, balcony, dressing rooms, parking spaces, central air conditioning system, children’s playground, 24-hour security, pet permit, gym, swimming pool, water views.||162,500|
Investment apartments in Nasr City
To buy an apartment in Nasr City for investment means replenishing your portfolio with a liquid asset that will bring a stable income. As the area is popular with ex-pats and tourists, the demand for rental real estate will always be high. If the owner wants to sell his property, he can find a buyer in a short time and earn capital gains. The most important thing is to choose the right residential unit with an advantageous location, high-quality construction, and many amenities.
КBuy apartments in Nasr City
A rich choice of residential and commercial properties from reliable real estate agencies, individuals and construction companies in Cairo is available on the official website of "Cairo". Thanks to a well-designed search engine with numerous filters, users of the online platform can find and buy a flat in Nasr City that meets all their needs. The company’s team includes only highly experienced professionals in the real estate industry. Check with them to receive assistance in buying an apartment in Nasr City, support during the deal, and high-quality after-sales service.