Egypt: House Prices, Rents, and Rental Yields
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Last Updated: Aug 24, 2007
Spectacular yields at 15% in Maadi
| Last Updated: Aug 24, 2007 | |||||
| CAIRO - MAADI 1 - Apartments | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 150 sq.m. | 60,900 | 576 | 11.35% | 406 | 3.84 |
| 200 sq.m. | 82,400 | 858 | 12.50% | 412 | 4.29 |
| 250 sq.m. | 136,000 | 1,963 | 17.32% | 544 | 7.85 |
| 300 sq.m. | 288,300 | 2,439 | 10.15% | 961 | 8.13 |
| 400 sq.m. | n.a. | 2,868 | n.a. | n.a. | 7.17 |
| 500 sq.m. | n.a. | 3,110 | n.a. | n.a. | 6.22 |
| CAIRO - MOHANDESSEEN - Apartments | |||||
| 100 sq.m. | 42,300 | 201 | 5.70% | 423 | 2.01 |
| 150 sq.m. | 70,800 | 416 | 7.04% | 472 | 2.77 |
| 200 sq.m. | 112,200 | 670 | 7.17% | 561 | 3.35 |
| 250 sq.m. | 149,750 | 1,000 | 8.01% | 599 | 4.00 |
| 300 sq.m. | 181,800 | 1,155 | 7.62% | 606 | 3.85 |
| 350 sq.m. | 233,800 | 1,239 | 6.36% | 668 | 3.54 |
| 400+ sq.m. | 352,400 | 2,420 | 8.24% | 881 | 6.05 |
| CAIRO - ZAMALEK - Apartments | |||||
| 100 sq.m. | 70,800 | 433 | 7.34% | 708 | 4.33 |
| 150 sq.m. | 109,800 | 617 | 6.74% | 732 | 4.11 |
| 200 sq.m. | 186,400 | 1,498 | 9.64% | 932 | 7.49 |
| 250 sq.m. | 294,750 | 1,680 | 6.84% | 1,179 | 6.72 |
| 300 sq.m. | 371,400 | 2,328 | 7.52% | 1,238 | 7.76 |
| 350 sq.m. | 402,500 | 3,066 | 9.14% | 1,150 | 8.76 |
| 400+ sq.m. | 570,000 | 2,740 | 5.77% | 1,425 | 6.85 |
| 1 Sarayat, Degla, and numbered streets. Source: Global Property Guide |
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Foreigners like to live in Maadi, so there are spectacular yields on medium-sized apartments from 10% to higher than 17%. Prices start from US$400 per sq. m., to around US$960.
Mohandessine is attractive to rich locals. Yields are moderate at an average of 7%. Bigger apartments of 400 sq. m., and larger, have highest yields at around 8.24%.
Apartments in Zamalek are more expensive, selling at around US$1,046 per sq. m. Despite the higher prices, yields are still impressive ranging from 6.7% to almost 10%.
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