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The Global Properties website with over 2,000 listings offers a seamless and comprehensive platform for apartments and flats in Nasr City for foreign nationals interested in the active housing market. With an extensive selection of apartments in Egypt, the website boasts properties sourced from reliable real estate agents and directly from developers, ensuring a wide range of options to suit diverse preferences and budgets. To begin, users are encouraged to explore the listings specific to Nasr City, where each advert provides detailed insights into the apartment's characteristics, pricing, layout and a comprehensive description. This in-depth information assists prospective buyers in making well-informed choices that meet their individual needs. Upon finding a suitable property, contacting the seller is straightforward and efficient, with direct communication options available via phone or private messaging.
- Average apartment prices in Nasr City: USD 80,000;
- Average price per m2: USD 473;
- Minimum cost of an apartment in Nasr City: USD 6,310;
- Most expensive flat: USD 196,600;
- Over the past year, the average price has increased by 0%.
- Minimum size: 75 m²
- Average size: 156 m²
- The maximum floor area: 415 m²
Investors can obtain residency in Egypt when they buy a flat in Nasr City. By acquiring real estate worth at least USD 50,000, they can secure a 1-year residence permit. Higher investment amounts, such as 1 and 2 hundred dollars, qualify them for 3-year and 5-year residency statuses, respectively.
Apartments for sale in Nasr City
Positioned to the east of the capital, the locality serves as an important hub perfectly connected to various significant districts like Heliopolis, New Cairo and Madinaty. The district is meticulously organised into 10 sub-districts, each presenting unique characteristics and amenities. These range from residential and commercial areas to centres for business, education and entertainment.
The district is renowned for its blend of traditional and contemporary architectural styles, offering a plethora of housing options, including villas in Egypt. From economical neighbourhoods known for their well-planned environment and 24-hour service availability, to upscale areas, characterised by tranquillity, wide streets and high-quality infrastructure, the district has something to offer for every taste and budget.
Nasr City is also a melting pot of culinary delights, boasting a wide array of dining options that cater to both local and international palates. Street food vendors offer local favourites such as falafel and koshari, while various restaurants serve international cuisine ranging from Middle Eastern to Italian.
The district isn’t solely a residential and commercial centre; it’s also home to many of Cairo's notable landmarks and attractions. The International Conference Centre, the Unknown Soldier Memorial and the Cairo International Stadium are just a few of the key sites. Additionally, Al-Azhar University and Al-Azhar Park symbolise the educational and cultural significance of the area. These landmarks, along with the district's vibrant marketplaces and shopping centres like Citystars Mall, enrich the living experience in Nasr City, making it a comprehensive destination sought after by both locals and tourists.
Reasons for investing in an apartment in Nasr City
Investing in an apartment in Nasr City, Egypt, is a strategic decision backed by several compelling reasons, making it a lucrative opportunity for both local and international investors. Here’s an enhanced overview emphasising the potential ROI, property appreciation and types of investments available in the area:
- Favourable position: Situated in the heart of Cairo, adjacent to vital districts such as Heliopolis, New Cairo and Madinaty, Nasr City benefits from exceptional connectivity via a modern road network. This centrality not only makes it an ideal residential choice but also a convenient location for business and leisure, thereby enhancing the demand for a fancy apartment for sale in Nasr City;
- High demand: The area's appeal among a diverse populace contributes to strong interest in rental homes. This demand is fuelled by the district’s comprehensive amenities and quality of life, promising investors attractive rental yields and a stable influx of people looking to rent;
- Diverse community: Nasr City is celebrated for its multicultural environment, bolstered by an assortment of social, recreational and educational facilities. This diversity attracts a wide range of residents, from students and professionals to families, ensuring a vibrant community fabric;
- Growth potential: The neighbourhood housing market has demonstrated resilience and growth over the years, showing a promising trajectory for property value appreciation. Factors contributing to this include the ongoing development of infrastructure, the introduction of new commercial and residential projects and the general upward trend in Cairo’s real estate market;
- Investment types and ROI: Nasr City offers a variety of investment opportunities ranging from residential apartments in Nasr City for investment to commercial spaces, catering to different investment sizes and preferences. With the historical performance of the Arabian residential property scene, investors can anticipate a favourable return on investment (ROI), especially in well-located and amenity-rich properties. Furthermore, the evolving urban landscape and governmental enhancements in infrastructure suggest the potential for significant increases in land prices over time;
- Unique attractions and amenities: The district is home to notable landmarks such as the stunning International Stadium, the marvellous International Conference Centre and the beautiful Al-Azhar Park, alongside modern malls like Citystars, adding to its desirability. Such attractions not only enhance the locals' way of life but also increase the attractiveness of Nasr City for real estate deals.
Nasr City presents a well-rounded investment opportunity, characterised by its strategic location, continuous demand and diverse community, all of which contribute to its potential for substantial ROI and property appreciation.
Buying an apartment in Nasr City
For foreigners interested in purchasing a residence, understanding Egypt's legal framework for property ownership is essential. The process generally involves:
- Obtaining approval from the Ministry of Interior;
- Navigating conditions and restrictions on foreign ownership, including limitations on the areas and types of properties that can be owned;
- Complying with potential residency requirements;
- Differentiating between commercial and residential property regulations;
- Exploring leasehold rights for extended use without full ownership;
- Keeping informed about changes in legislation that may affect property ownership;
- Seeking legal assistance to protect business interests and ensure compliance with regulations.
This process underscores the importance of being well-informed and seeking expert guidance when investing in local objects. Our platform aggregates over 2,000 flats for sale in Nasr City from leading developers and reputable agencies, simplifying your search by bringing diverse property options to one convenient location. It features easy-to-use search filters, a currency converter, direct access to sales specialists, multilingual support and real-time price updates. The database of property in Egypt is carefully maintained, with daily updates done manually and automatically, eliminating the need to browse multiple sites for information.