Egypt: House Prices, Rents, and Rental Yields
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Last Updated: Aug 22, 2008
Rental yields in Maadi are still spectacular
| Last Updated: Aug. 22, 2008 | |||||
| HELIOPOLIS - Apartments | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 155 sq. m. | 140,740 | 736 | 6.28% | 908 | 4.75 |
| 360 sq. m. | 318,240 | 1,868 | 7.05% | 884 | 5.19 |
| MAADI - Apartments | |||||
| 140 sq. m. | 83,300 | 833 | 12.00% | 595 | 5.95 |
| 340 sq. m. | 335,240 | 3,281 | 11.74% | 986 | 9.65 |
| MOHANDESSEEN - Apartments | |||||
| 160 sq. m. | 132,800 | n.a. | n.a. | 830 | n.a. |
| 385 sq. m. | 506,275 | 3,469 | 8.22% | 1,315 | 9.01 |
| ZAMALEK | |||||
| 285 sq. m. | n.a. | 2,841 | n.a. | n.a. | 9.97 |
| Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule | |||||
Rental yields in Maadi are still spectacular at an average of 12%. Although 5% lower from 2007 Global Property Guide estimates, foreigners still like to live there. Prices start from US$600 per sq. m., to around US$1,000.
Yields for Mohandesseen apartments are excellent at an average of 7%. Mohandessine remains to be attractive to rich locals. Apartments in the Heliopolis district, cost around US$ 141,000 to buy for a 155 square metred sized property and US$318,00 for properties nearly twice that size.
Overall average of 9% for all Egyptian districts, ranging from 6.28% to 12%.
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