If you thought that Egypt is just about ancient pyramids and a few coastal beaches, then think again. Today, as one of the fastest growing economies in the world, it has also become a preferred real estate destination. The real estate boom has meant that newer cities and suburbs have emerged as real estate hot spots in recent times. A good example is available in the form of New Cairo. One just needs to search online for compounds in New Cairo to find out about the popularity of this new suburb of Cairo. With Egypt being a large country, it is always preferable that you take the help of an experienced real estate broker, for they will have knowledge about various projects, ranging from shops in Cairo to villas in Alexandria. Let us take a look at some of the preferred real estate investment destinations in the country.
Red Sea Riviera
One of the perennial favorite when it comes to real estate investment in Egypt has been along the Red Sea Riviera. If you are fond of sun, sand and beaches, then this is the best place to invest in Real Estate in Egypt. Rich holiday makers, especially those from Europe have been behind making this a real estate hot spot over the last two decades. The improvement in air connectivity, thanks to the Hurghada International Airport has also been one of the reasons for the rising popularity of the region.
Hurghada
The town of Hurghada is perhaps the most happening in terms of new project developments along the Red Sea Riviera. One can find the sea coast lined by several top notch luxury hotel properties. The place also abounds with golf courses and night clubs.
Sharm el Sheikh
You can also head to Sharm el Sheikh and find several new projects. This small town is known for its famous diving spots and forms one of the key destinations along the Red Sea Riviera. The blue lagoon, with crystal clear water has made it a favorite with tourists around the world. If you are someone who is interested in investing in a place where natural splendor is available in plenty, then this is the town.
New Cairo
New Cairo, the latest boom town, located just a few minutes’ drive away from the heart of Cairo is another real estate investment hot spot. A drive around the New Cairo area is all that you need to take a closer look at the astounding development that has taken place in recent times in the area. Whether it is compounds in New Cairo or villas, you are sure to find one that suits your needs and budget here.
Al Rehab City
Among all the new developments that have taken place in New Cairo, the most interesting has been the announcement of the Al Rehab City. This will be the first privately built city in Egypt. The city when completed will be home to over 200,000 inhabitants.
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