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Gated communities in Cairo have increased in demand over the first quarter of 2021 following a positive performance in the residential sector which is mainly due to the increase in demand for newer gated communities that are now becoming more mature and livable.

Egypt has big plans for urban expansion. Major projects such as the New Administrative Capital—designed to relieve the burden from Cairo—are already well underway, as well as the launch of six new cities.

Among the new cities under construction in Egypt is the prospective tourism centre at New Alamein City on the Mediterranean coast, and New Aswan City in Upper Egypt.

New Alamein, which has been under construction since 2016, will including residential, tourist, and entertainment areas, as a brand-new university and a major marine science research centre.

At the moment, Cairo's residential market has seen:

  • Completion of around: 4,000 units, bringing the total residential units to around 212,000 units.
  • An additional 21,000 units are expected to be delivered by the end of the year.
  • A boost in demand following the recent announcement by the Central Bank of Egypt (CBE) that it has launched a new mortgage finance programme with a 3% interest rate will encourage and facilitate new buyers to own their first property.

Searching for your dream home? Here is why you should visit Nextmove:

If you’re a homebuyer or a buy-to-let investor,

  • Find a wide range of affordable properties and special offers: real estate developers have adjusted to create unit offers and expanded the terms of instalments to encourage more sales, and the selection available to you, making this a prime time for you to see new properties
  • Feel the pulse of the Egyptian real estate market, discovering and discussing how developers and mortgage financing institutions will offer different payment solutions for buyers
  • Create meaningful connections and be the first to hear when new projects are launched to market. Make wise property purchasing choices when you’re the first to know, only through Nextmove

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