Let’s take a trip down memory lane to the Egyptian real estate market in 2023 and see what exciting projects unfold!
What are the top areas for investment in Egypt in this past year? That’s what we’ll be answering in this article today.
So, buckle up and get ready to dive into a world of possibilities in the Egyptian real estate market in 2023.
Top Areas For Investment
The Egyptian real estate market in 2023 was vibrant and flourishing. Whether you’re looking for residential properties, commercial spaces, or vacation homes, Egypt has it all.
When it comes to the top areas for investment in Egypt, there were a few shining stars that stole the spotlight in 2023 and will continue until 2024 and in the future.
Are you ready to discover these top winners? (Oh, sorry we mean these top areas for investment in 2024!)
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Starting with Cairo, the bustling capital city, where the real estate scene was booming.
1. East Cairo
East of Cairo is the upscale area which witnessed a large number of developments.
Whether it was residential such as Sarai by MNHD and Capital Gardens by Palm Hills. Or even commercial complexes, for instance, Amazon Capital Tower and Taj Tower. There were plenty of options to choose from.
And looking ahead to 2024, East of Cairo is expected to maintain its momentum, making it a promising area for future investments.
Take a look at the Golden Square Area in New Cairo:
Let’s not forget the new cities that are developed to reduce the population of the downtown. From New Capital City and Mostakbal City to El Shorouk and Madinaty. Each one offers you an ultra-modern experience.
2. West Of Cairo
Moving on to West Cairo, this area also proved to be a promising destination for real estate ventures. With its strategic location and accessibility, West of Cairo attracted investors looking for a mix of tranquility and vibrancy.
From Z West and Solana New Zayed residential Compounds by Ora Developers to De Joya Plaza and West Gate Business Hub commercial complexes, West of Cairo is the perfect place for those looking to make smart investments.
And the good news is that this area is expected to continue its upward trajectory in 2024, making it a potential goldmine for real estate ventures.
Now, let’s talk about the coastal gems of Egypt.
3. North Coast
North Coast is a place where you can escape the city chaos and recharge your power. In no time, It became the dream of many people due to its sleek combination of wise investment and great retreat!
Whether you want a cozy chalet in Fouka Bay Resort or a spacious villa in Hacienda West, North Coast is one of the top winners in 2023 and will continue in 2024.
4. Red Sea
The Red Sea region also continued to shine in 2023. Its crystal-clear waters, vibrant coral reefs, and world-class diving spots made it a magnet for tourists and investors alike.
But do you know the top area in the Red Sea which is the talk of the country every summer? Yes, it’s El Gouna!
With many upscale resorts, Al Gouna offers a chance to soak up the sun and make a sound investment.
After All
Keep your eyes on Cairo, North Coast, Red Sea, and West Cairo in 2024. These areas have shown great potential and promise, and they may just be the key to your success in the coming year.
Whether it’s 2024, or even 2025, Nawy Real Estate will guide you to the best deals in the Egyptian Real Estate market.
