Property Investment In Egypt

image

Real estate investment in Egypt has changed with the change of three main factors; population, mentality, and needs. While the Egyptian population is a fast-growing of around 92m which increase approximately 2.2% each year -according to the World Bank- the demand on the real estate has increased directly.

From the late 80s and the 90s of the past centenary were the times when the Egyptians started to work abroad and the demand on the real estates started to rise up, the Egyptian Pound was under pressure as well as the inflation and because fixed assets as lands and mortgage never looses its value; the property was seen as one the safest investment.

The property’s needs has converted from a place to live to an investment because the value of the Egyptian Pounds to the foreign currencies went down thus, the yearly installments of the property to the foreign currency is decreasing so the expats from Egypt started to buy more than one property to rent and be their business.

Egypt’s yearly weddings – nearly 900,000 – are also a major driver of demand, as newly married couples look to move into their own homes and invest in property for the future, According to forecasts an extra 90,000 to 100,000 units will be needed per year through to 2020 to meet demand, which is well above the annual average of 45,000 units that have come on-line in recent years.

Addition to this high demand and low supply plus the number of population in Cairo which has approximately reached the 10,000,000 -according to The Central Agency for Public Mobilization and Statistics- Sky Bridge is establishing new homes outside -but still near- to the capital with the capacity on 300,000 m2; 80% of which are landscapes to over come the shortage in the supply of properties in the near future.

 

Property investment took more than one shape in Egypt during the years as the real estate is the safest investment as the fixed assets’ value will always increase.

A Brief On Jebal El Sokhna

image

Lays Along the shores of Red Sea , Jebal El Sokhna is where its all happening , entertainment and leisure activities galore , it is also home to one of the most beautiful view in the country (360 Sea View). With its sophisticated charm and warm architecture, Jebal El Sokhna sets itself apart from everything we’ve come to know in Ain Sokhna. Jebal El Sokhna project is composed of 5 extentions, in addition to the hotel ; ensuring a luxurious pleasurable experience to its residents and guests.
Facilities:

  • VIP clubhouse
  • Kids area
  • Football pitch & athletic track
  • Panoramic Gym
  • Numbers of pool
  • Commercial area
  • Service area
  • Adventure water park

Ain Sokhna - The Hot Spring

image

A short distance from Cairo, an hour drive on the Galala highway, Ain Sokhna is fast becoming one of the top getaway vacation spots on the Red Sea Coast, making it finally possible to combine a short stay in Cairo with some sun & sea fun. With pristine shores and an air of unmeasured serenity, well off Cairennes have been summering here for a long time. In recent years, international hotel chains have populated this stretch of coastal paradise, giving you the opportunity to enjoy a genuine piece of heaven on the Red Sea coast. Luxury, lovely beaches, fun water activities, and a proximity to the wonderful Eastern Desert make Ain Sokhna a great spot for your vacation. Moreover, a mere 127 km south east of Cairo, rising 125 meters above sea level, you’ll find the upscale resort of Jebal El Sokhna, an ambitious real estate development, Egypt’s first mountain-top resort and entertainment zone. Spanning over a total area of 300 thousands sqm, it includes malls, charming residential areas and villas, infinite shopping options, restaurants, hotel and an adventure area. The resort is linked to the coast through a short bridge. Ain Sokhna in Arabic translates to Hot Spring and the area gets its name from the bubbling springs in the close by Ataka Mountain. Located within the Suez governorate, Ataka Mountain soars 800m above sea level. It is a must see location when you are in Ain Sokhna. The St Anthony and St Paul Monasteries in the Eastern Desert nearby are also interesting cultural sites to behold, and the historically significant Suez Canal is approximately an hour away. There are many hotels to choose from, which offer activities such as snorkeling, jet-skiing and paddle boating. You can also enjoy a nice round on the golf courses, or a relaxing afternoon of spa indulgence at Jebal Resort

Site Search

Login Form

If you have any problem while logging, Please contact us on
info@jebalresort.com
Call us: +20216752

If you have any problem while logging, Please contact us on
info@jebalresort.com
Call us: +20216752