Comparison Between Different Types of Real Estate in Egypt

Introduction

The real estate sector is one of the most important investment fields in Egypt, if not the most important. Whether the primary purpose of purchasing a property is for residence or investment, buying a property ultimately means owning a high-yield, sustainable investment asset.

When exploring the types of real estate available in Egypt, you will find a variety of options that cater to different goals and meet the needs of all segments looking for the best types of properties for investment in Egypt. These range from residential apartments to villas and luxurious palaces.

The most important factor in determining the type of housing unit required is identifying the purpose, whether it is for residence or investment, and the number of beneficiaries or residents in the case of residential purposes. Additionally, the budget allocated for housing or investment plays a significant role in choosing the most suitable type of unit.

In this article, we will provide a quick comparison between the most common types of real estate, highlighting the advantages and disadvantages of each.

Register your details, and a real estate consultant will contact you to present the various types of housing units available at Centro Real Estate Investment. Choose your unit from garden-level apartments, duplexes, garden villas, or cloud villas.

Types of Housing Units

1) Residential Apartments

A residential apartment is a unit within a building that contains many adjacent apartments. It typically consists of one floor and includes an average of 2-4 rooms, along with its own facilities such as a bathroom and kitchen. Residential apartments come in two basic models: ground-floor or duplex apartments. The average area of these apartments usually ranges between 125 sqm and 300 sqm, although this may vary depending on various factors. Below are some of the advantages and disadvantages of residential apartments:

Advantages of Residential Apartments

• Affordable Prices: Residential apartments are the most economical option. For example, when searching for real estate prices in New Cairo, you will find that they are still the lowest and most competitive compared to other types of properties.
• Abundance: Residential apartments are the most widely available option in all areas. Whether you are looking for apartments in New Cairo, Sheikh Zayed, or 6th of October City, you will find them in abundance.
• Suitable for Individuals and Small Families: Residential apartments are the ideal choice for small families or individuals and newly established households.

Disadvantages of Residential Apartments

• Limited Space: Compared to villas in Egypt or elsewhere, apartments usually have limited space.
• Lower Privacy: Due to the close proximity of neighbors and shared walls, apartments may offer less privacy. However, some companies address this issue effectively through smart designs that maximize privacy within the apartment.
• Need for Regular Maintenance: One of the most common drawbacks of residential apartments is the constant need for maintenance, as the high number of users leads to faster wear and tear of facilities.

Inquire about smartly designed residential apartments in New Cairo for more luxury and privacy. Contact us now to receive exclusive offers.

2) Villas

When comparing apartments and villas, a villa is a standalone building with a private garden, a private entrance, and a private gate. The building is surrounded by a fence on all sides and typically consists of two floors, sometimes three, connected by an internal staircase.

Advantages of Villas

• Spacious Areas: Villas are characterized by their spacious interiors, offering more rooms and service areas, which provide greater comfort for residents.
• Complete Privacy: Due to the distance between villas and the surrounding fences, villas offer the highest level of privacy.
• Availability of Recreational Facilities: Most villas come with various amenities that provide a higher level of comfort and luxury, such as swimming pools, gardens, barbecue areas, storage rooms, garages, and play areas.

Disadvantages of Villas

• High Prices: Villas are the most expensive type of housing unit due to their numerous advantages, including comfort, luxury, independence, and privacy.
• Higher Maintenance Costs: With the abundance of facilities and services in villas, they require more frequent maintenance, and the cost of maintenance is higher compared to apartments.
• Limited Availability: If you are looking for a villa in New Cairo or other areas, you will find that their availability is lower compared to residential apartments, resulting in fewer options.

If you are looking for the best areas to buy villas in Egypt, you will find a variety of options in new cities such as New Cairo, Sheikh Zayed, and other newly developed areas in Egypt, such as New Mansoura and other urban expansions in Egyptian cities and governorates.

Continuing our overview of available housing units, we will now discuss two other types: Townhouses and Twin Houses.

3) Townhouses

A Townhouse is a type of villa connected to other units by shared walls and a common garden. It is an ideal choice for families looking for good space at an affordable price and a different style from residential apartments.

Advantages of Townhouses

• Modern Design: Townhouses feature a modern, attractive design that combines luxury, elegance, and sophistication, completely different from the style of residential buildings.
• Affordable Price: While maintaining some of the advantages of villas, such as space and comfort, townhouses are available at a lower price compared to villas.
• Ideal Community Environment: The design of townhouses creates a model community environment and a sense of social connection among residents.

Disadvantages of Townhouses

• Smaller Space: Compared to villas, townhouses have less space.
• Less Privacy: Due to shared walls with neighbors, townhouses offer less privacy compared to standalone villas.
• Higher Price: Although townhouses are cheaper than villas, they are still more expensive than residential apartments.

4) Twin Houses

A Twin House is a villa divided into two units, sharing one wall. Each unit has its own entrance and a private garden on three sides. It is an ideal choice for those looking for a villa-like living experience but with fewer privileges.

Advantages of Twin Houses

• Good Space: Twin houses offer good space, similar to villas, and include most villa amenities, such as multiple bedrooms, living rooms, service rooms, and a private garden.
• Affordable Price Compared to Villas: Twin houses are cheaper than standalone villas while offering similar services.
• Harmonious Design: The design of twin houses is closer to that of standalone villas, giving them an attractive aesthetic appearance.

Disadvantages of Twin Houses

• Less Privacy Than Villas: Despite the similarities between standalone villas and twin houses, twin houses offer less privacy due to sharing a wall with a neighbor.

Price Comparison Between Housing Unit Types

• Apartment Prices: The prices of residential apartments in areas such as New Cairo, the Administrative Capital, 6th of October City, and Sheikh Zayed range between EGP 20,000 to EGP 35,000 per square meter, depending on location, area, and level of excellence.
• Villa Prices: Villa prices vary significantly depending on location, area, finishing level, and amenities. Generally, villas in New Cairo start at EGP 75,000 and can go up to EGP 130,000 per square meter.
• Townhouse and Twin House Prices: Townhouses and twin houses are more expensive than apartments but cheaper than villas, with prices ranging between EGP 40,000 and EGP 70,000 per square meter.

Apartments or Villas? Which is Better for Real Estate Investment?

• Residential Apartments: Apartments are the most in-demand housing unit and ideal for investment. They can be easily resold or rented, providing good investment returns. Apartments are also a good choice for residence due to their moderate prices compared to villas.
• Villas: Villas also offer high investment returns but are more suitable for long-term investments. Due to their higher prices and maintenance costs, they require a larger capital.

Tips for Choosing the Right Housing Unit

• Determine Your Budget and Needs: Before searching for the best types of real estate for investment in Egypt or elsewhere, determine your needs and budget, then choose the location accordingly.
• Compare Available Offers: When searching for a property, compare all available offers in the area and determine the average price.
• Check the Developer’s Track Record: Before purchasing, research the developer’s reputation, previous projects, and customer reviews.

Conclusion

In conclusion, if you are looking for the best types of real estate for investment in Egypt, you can choose between the different types of housing units based on your purpose, future expectations, and budget. Proper planning and thorough research are essential to make the right decision.

Register your details now, and a real estate consultant will contact you to help you choose the most suitable unit from the various projects available.

Tips for Choosing the Right Residential Property

Determine Your Budget and Needs: If you are looking for the best types of real estate for investment in Egypt or anywhere else, you should first determine your needs for the property, whether it is for residence or investment. Then, define the available budget allocated for this purpose, and based on these factors, you can choose the area and location.

Compare Available Offers: When searching for a property for investment in New Cairo or any other area, you should review all available offers for residential units in that area. Determine the average price and compare the offers based on their suitability for your intended purpose.

Check the Developer’s Track Record: One of the most important points for choosing the right residential property before purchasing is to verify the developer’s track record and reputation. Ensure the company’s reputation, the projects they have delivered, and the certificates and reviews from previous clients based on their experience with the developer.

Conclusion

In conclusion, if you are looking for the best types of real estate for investment in Egypt, you can choose between the different types of residential units based on the purpose of the unit and your future expectations. You should also determine the available budget allocated for this purpose. Proper planning and continuous research are essential to ensure you make the right decision.

Register your details now, and a real estate consultant will contact you to help you choose the most suitable unit from the many available projects.