Gross rental yields in Egypt: Cairo and Alexandria

The average gross rental yield in Egypt stands at 5.90% (Q1, 2024).

  • Cairo
  • Alexandria
  Last Updated: January 18, 2024
CAIRO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
New Cairo  
Studio $106,796 $809 9.09%
1-Bedroom $129,444 $809 7.50%
2-Bedroom $194,167 $1,133 7.00%
3-Bedroom $209,894 $1,133 6.48%
4+Bedroom $281,542 $1,197 5.10%
6th of October      
1-Bedroom $165,042 $583 4.24%
2-Bedroom $149,508 $809 6.49%
3-Bedroom $226,528 $874 4.63%
Mohandessin      
1-Bedroom $64,722 $388 7.20%
2-Bedroom $106,792 $1,133 12.73%
3-Bedroom $145,625 $1,456 12.00%
4+Bedroom $226,528 $1,780 9.43%
Sheikh Zayed  
Studio $145,625 $583 4.80%
1-Bedroom $144,425 $583 4.84%
2-Bedroom $195,461 $906 5.56%
3-Bedroom $231,544 $971 5.03%
4+Bedroom $290,158 $1,068 4.42%
Heliopolis - Masr El Gedida      
2-Bedroom $113,264 $485 5.14%
3-Bedroom $145,625 $647 5.33%
4+Bedroom $194,167 $1,133 7.00%
Cairo avg. Rental Yields 6.70%
ALEXANDRIA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Alexandria (all locations)  
2-Bedroom $61,486 $356 6.95%
3-Bedroom $116,500 $437 4.50%
4+Bedroom $152,097 $485 3.83%
Alexandria (all locations) avg. Rental Yields 5.09%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide and Propertyfinder

Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest cities of Egypt. We used the local real estate listing website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).

For instance, if the monthly rent is $500 and the purchase price is $100,000, the calculation would be: $500 (Monthly Rent) x 12 / $100,000 (Purchase Price) = 6% (Gross Rental Yield).