Egypt Flag

Egypt: House Prices, Rents, and Rental Yields

Last Updated: Sep 22, 2009

US$1,000 per square metre now normal in Cairo

Last Updated: Sept. 22, 2009
HELIOPOLIS - Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
150 sq. m. 128,400 753 7.04% 856 5.02
225 sq. m. 239,850 1,143 5.72% 1,066 5.08
275 sq. m. 302,775 1,942 7.69% 1,101 7.06
350 sq. m. 407,750 2,902 8.54% 1,165 8.29
500 sq. m. 653,000 4,170 7.66% 1,306 8.34
Districts researched:
Garden City, Heliopolis, Zamalek, Dokki, Mohandesseen, Maadi, Katameya Heights, Al Qahira El Gedida, El Rahab City
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%.

 

 

Egypt - more data and information

Your Comments

Be the first to comment!

Post a comment

Email address is kept strictly confidential
* Optional, but allows us to notify you when your comment has been posted.
Comments submitted using this form will be published.
Note that the editors cannot answer specific questions, e.g., about law or taxation.
These issues can be raised by posting publicly here, where often knowledgeable local readers are able to assist.





Subscribe to our Newsletter!

Enter your email address to sign up.