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The process of purchasing property for sale in Nasr City by foreigners is streamlined through platforms like Global Properties with over 2,000 listings. It stands out by hosting objects, sourced from both seasoned realtors and directly from developers, ensuring a wide range of reliable options. The website provides a comprehensive database of listings, offering detailed information on available properties. Once a suitable advert catches your interest, the platform facilitates direct communication with the seller, allowing you to inquire further, discuss details or negotiate terms directly through phone or private messages. The process involves negotiating the price, conducting a legal check and finally, registering the unit under the foreign buyer's name, which the website's resources can guide you through.
- Average selling price for properties in Nasr City, Egypt: USD 48,577;
- Average market price per m2: USD 243;
- Minimum price for properties in Nasr City, Egypt: USD 48,577;
- Most expensive property: USD 1.43 million;
- Over the last year, the average price increased by 40.4%.
- Minimum floor area: 90 m²
- Medium size: 140 m²
- The largest floor area: 390 m²
Foreign nationals who purchase property in Egypt can obtain a residence permit, part of a policy aimed at encouraging investment in the real estate sector. Possession of investment real estate in Nasr City for a minimum of USD 50,000 entitles the purchaser to a 1-year residence permit in Egypt. Investors allocating USD 100,000 and USD 200,000 are granted the designation for 3- and 5-year durations, respectively. The process involves submitting the purchase documents, along with personal identification and proof of financial stability, to the Egyptian Ministry of Interior. The permit's duration is typically tied to the home's value, with higher-valued investments potentially securing longer-term residency. This perk adds an attractive layer to the investment, offering investors not just a financial return but also ease of access and stay in Egypt.
Property in Nasr City
The local housing is characterised by its strategic locations, modern architecture and access to a plethora of amenities, making it a sought-after area among buyers. Whether you're seeking an investment opportunity, a luxury dwelling or a project to make your own, the local housing arena has many options to offer individuals, couples or families.
Apartments
From semi-finished apartments in Egypt’s gated communities to high-end condos that come fully supplied, the locality offers diverse living spaces that lure prospective buyers. These are the most common housing types available, ranging from modest units to luxurious penthouses. Here's an overview of what's available:
- Semi-finished apartments: Those looking to customise their space see semi-finished units as a blank canvas.
- Luxurious options: Buyers interested in luxury choose fully furnished flats with cutting-edge facilities. A favourable location near authentic Abbas El-Akkad Street lists a luxury condo with 3 bedrooms, boasting an unblocked open view and a private lift.
- Spacious apartments: Those requiring more space prefer the larger apartments available. A spacious apartment with 4 bedrooms and 2 bathrooms boasts premium amenities. This unit is highlighted by its high-quality features and great setting.
Villas
Villas in Egypt come in various sizes and configurations, typically featuring 4 to 5 bedrooms, with amenities and sizes that satisfy a colourful palette of desires and budgetary requirements.
Those aiming at premium living spaces will find villas with expansive living areas offering luxurious amenities and finishes. Property prices in Nasr City in the case of such high-end villas showcase the premium segment of the local landscape. These premises are often located in prime locations within the district, ensuring people have easy entry to local amenities and services.
More affordable options with more cosy living space are available, offering a more compact but still comfortable living environment. These property prices make them accessible to a broader audience. The villas available here range from fully furnished and ready to move in, to semi-finished units that allow new owners to customise as per their tastes.
Reasons for investing in property in Nasr City
The venue presents excellent investment opportunities. Some villas feature 3 bedrooms and 2 bathrooms, matching both living and investment purposes.
Investing in this spot offers several compelling advantages:
- Strategic location: Positioned near the heart of Cairo, it's simple to get to important roads and the capital's International Airport, as well as other key urban areas;
- Growing market: The cost of property in Nasr City is rising, which means that the value of your home may increase over time;
- Diverse community: The area hosts a multicultural community, providing a rich cultural environment and a wide customer base;
- Quality of life: With its vast array of shopping centres, parks, schools and healthcare facilities, this part of Cairo provides people with a good standard of living.
Buying real estate in Nasr City
The district also offers a range of commercial properties, including business offices and stores. These properties will suit investors looking to capitalise on the district's bustling commercial activity or businesses seeking to establish or expand their presence in a vibrant area of Cairo.
There are options such as entire administrative buildings, favoured by companies seeking a significant presence in the city. These buildings come equipped with modern facilities to support various business operations.
Purchasing property here requires comprehensive research and professional advice. Prospective buyers should consider enlisting the services of trustworthy lawyers, seasoned realtors and personal finance experts to navigate the complexities of the local market. Understanding the legalities, financial implications and market trends will ensure a secure and profitable investment in one of Cairo's most dynamic districts.
On our platform, you have access to a comprehensive collection of over 2,000 lots of real estate for sale in Nasr City, resourced from reputable realty firms and top developers. Our user-friendly interface includes advanced search capabilities, a currency conversion tool, direct communication with sales experts, multilingual support and real-time price updates. We ensure our housing database is meticulously maintained, with daily updates sourced directly from the websites of real estate agencies and developers.