know more.. - i.aqarmap.com · Know more.. Continuing on the momentum of our brand’s focus on...

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In collaboration with

know more..

Egypt Real Estate Trends 2018

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Know more..Know more..

Continuing on the momentum of our brand’s focus on knowledge sharing, this year we lay on your hands the most comprehensive and impactful set of data ever released in Egypt’s real estate industry. We aspire to help our clients take key investment decisions with actionable, granular, and relevant data points.

The biggest challenge that faces Real Estate companies and consumers in Egypt is the lack of credible market information. Most buyers rely on anecdotal information from friends or family, and many companies launch projects without investing enough time in understanding consumer needs and the shifting demand trends.

Know more.. is our brand essence. We are here to help companies and consumers gain more confidence in every real estate decision they take.

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Research Methodology This report is based exclusively on our primary research and our proprietary data sources. All of our research activities are quantitative and electronic. Aqarmap mainly monitors and tracks 3 types of data trends:

• Demographic & Socioeconomic Consumer Trends1 Million consumers use Aqarmap every month, and to use our service they must register their information in our database. As the consumers progress in the usage of the portal, we ask them bite-sized questions to collect demographic and socioeconomic information gradually. We also send seasonal surveys to the users to learn more about their insights on different topics and we link their responses to their profiles. Finally, we combine the users’ profiles on Aqarmap with their profiles on Facebook to build the most holistic consumer profile that exists in the market to date.

• Behavioral Consumer Demand TrendsOn top of the holistic consumer profile, we collect behavior-based consumer real estate preferences; such as: location, price, size, type, configuration, architecture, payment method, seriousness, frequency, and much more. We believe that there is a gap between what the consumers usually say they want, and what they actually do go after. Instead of asking the users what is their price budget for example, we simply monitor the prices of the properties they actually contact. This unique and close proximity position to the consumer allows us to sometimes understand the consumers more than they understand themselves.

• Current and Historic Price TrendsThe majority of Real Estate developers in Egypt list their projects and unit prices on Aqarmap, and regularly Developers contact us to adjust these prices. Being at the center of this activity allows us to gain insights into pricing trends in new homes specifically. In addition, we have thousands of brokers and private owners using Aqarmap to list new, resale, commercial, and rental properties. Every time a price gets increased or decreased we record the movement and we gain an insight. The number of days a property remains listed on Aqarmap before its gets sold or removed combined with the number of leads each property gets in each different location helps us gain a deeper understanding of how prices are behaving and how they are impacting demand.

If you have any questions about our research methodology, please contact us at: [email protected]

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Contents

NewCapital5 13 29 35Demand

TrendsNeighborhood

Snapshots Price

Trends

Cairo’s expansion history

New Capital key facts

Consumer sentiment

New project launches

Age

Family members

Position

Purchasing objective

Neighborhood services priorities

Compound amenities priorities

Compound lifestyle appeal

Consumer finance sources

Investment preferences

Vacation homes trends

Architecture preferences

Finishing preferences

Consumer property search behavior

Heliopolis demographics & insights

New Cairo demographics & insights

Dollar impact on Cairo prices

New Cairo trends

Shorouk trends

Heliopolis trends

Nasr City trends

Maadi trends

Zayed trends

October trends

Alexandria trends

Governorates trends

About Aqarmap

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New Capital

With demand heating up for the New Administrative Capital, we dedicated a new section to this upcoming investment destination. This section starts with a historic overview of how Greater Cairo has expanded since the 1950’s and it includes valuable information about the construction progress and some of the newly launched projects at the New Capital.

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Cairo’s expansion history

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New Capital map

• The New Capital city is located 35 KM east of Cairo.

• Total area of 170,000 feddan.

• Phase 1 is 40,000 feddan.

• Surrounded by Regional Ring road, Cairo-Suez road & Cairo-Sokhna road.

• The government has successfully constructed 25,000 residential units.

• The First phase contains eight residential neighborhoods.

Socioeconomic Segment

A B C

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New Capital consumer sentiment

0%

10%

20%

30%

40%

50%

Livable inmore than 15 years

Livable in10 to 15 years

Livable in5 to 10 years

Livable inless than 5 years

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New Capital project launches

Liberty Village

Developer Novus Stanza

Units type Apartments

Price per meter 9,500

IL Bosco

Developer Misr Italia



Midtown

Developer Better Home

Units type Villas


The Capital Way

Developer Equity



Midtown Condo




Midtown Solo


Units type Villas


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New Capital project launches

Capital Heights

Developer El Safwa



The City

Developer Master



Heaven Hills

Developer Al Burouj



Pukka

Developer MBG



Find the latest New Capital projects at:aqarmap.com/newcapital

Sky Capital

Developer Better House



Market ResearchTarget Egyptians abroad

Last month, more than 410,000 Egyptians living in GCC, Europe, and USA visited Aqarmap to buy a property. This influential buyer segment has witnessed an increase in its purchasing power, and has been extremely active since the devaluation of the Egyptian Pound.

Aqarmap has successfully helped more than 90 developers promote and sell their properties to this valuable segment. Contact us to learn how we can help you reach these buyers:[email protected]

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Demand Trends

This section presents the results of an elaborate survey that was sent by Aqarmap to more than 1,400,000 buyers. The continuous shifts in the demand encouraged us to conduct this periodical survey to keep Real Estate companies always on top of the fluid market dynamics.

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Age of active buyers


A B C

0%

5%

10%

15%

20%

25%

30%

35%

40%

50+41-5031-4026-3015-25

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Average family size


A B C

0%

5%

10%

15%

20%

25%

30%

35%

6+54321

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Job position distribution


A B C

0%

5%

10%

15%

20%

25%

30%

35%

Junior Employee

Senior Employee

Team LeaderManager

DirectorOwner

General managerCEOChairman

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Purchasing objective


A B C

0%

5%

10%

15%

20%

25%

30%

35%

40%

For Children

Upgrading

DownsizingUpsizing

Marriage

Coastal home

Relocating

First homeInvesting

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Neighborhood services priorities


A B C

0%

10%

20%

30%

40%

50%

UniversitiesSchoolsTransportationMallsHospitalsHighways

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Midtown Condo sold out in 12 hours (Online with credit cards)

In Feb 7th, 2018, Aqarmap partnered with Better Home to launch Midtown Condo, and to allow buyers to pay a fully refundable 10,000 EGP deposit with a credit card online.

80 Million EGP worth of property was sold out in 12 hours. 85% of the buyers were from outside Egypt.

Do you accept credit cards? Contact us to learn more: [email protected]


A B C

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Compound amenities priorities

0%

10%

20%

30%

40%

50%

60%

70%

Water SurfacesSmart HomeShopsMallsGreen AreasChild Care


A B C

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Compound lifestyle appeal

0%

10%

20%

30%

40%

50%

60%

70%

Must be outside

a CompoundPrefer outside

a Compound

Depending on price

Prefer inside

a CompoundMust be inside

a Compound


A B C

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Consumer finance sources

0%

5%

10%

15%

20%

25%

30%

35%

Cash from

Assets Resale

Business Income

Personal Longterm

SavingsBank Loan

Family Support

Employment Bonus/

Incentives

Employment Salary


A B C

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Investment preferences

0%

10%

20%

30%

40%

50%

I have no savingsOthers

Gam'ayahBusiness

Stocks

Foreign Currency

Real EstateGold

Bank Certificates


A B C

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Vacation homes purchasing trends

0%

5%

10%

15%

20%

25%

30%

Prefer to rent

Marsa AlamRas Sudr

HurghudaSharm

GounaSokhna

Alexandria

Marsa Matrouh

North Coast


A B C

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Architecture preferences

0%

5%

10%

15%

20%

25%

30%

35%

Traditional / Egyptian

Modern / Simple

Green / Environmental

Futuristic / High Tech

Andalusian / Islamic

American / European


A B C

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Finishing preferences

0%

10%

20%

30%

40%

50%

Depending on priceNo finishSemi finishedFully finishedFurnished


A B C

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Consumer property search behavior

0%

10%

20%

30%

40%

50%

60%

Radio

BillboardsTV

Newspapers/

MagazinesExhibits

Internet

Brokers

Doormen

Asking around

in areaFriends

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Neighborhood Snapshots

This new section that we include for the second time in our annual report offers a comprehensive snapshot of a few sample neighborhoods. it includes the demographic profile of buyers who are seeking to buy a unit in the neighborhood and some valuable insights about them.

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Price Trends

This section offers price trends, heatmaps, and ratings of selected neighborhoods to help you understand the dynamics of each area. There is also a table that offers granular pricing data at the sub-neighborhood level, and this data was extracted from our system in February 2018.

To get up-to-date prices please visit aqarmap.com/prices

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Dollar impact on prices

New Cairo

Bader City

Dollar (Bank)

Dollar (Black Market)

October

Mohandeseen

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Dollar impact observations

• When the currency black market flourished the real estate industry lost some of its investor lure.

• As the gap between the black market and the bank rate grew, real estate prices started to increase.

• When the Central Bank floated the currency, the increase in real estate prices accelerated.

• The Real Estate market reaction is slower than the forex markets, but eventually real estate caught up.

• Real Estate did not increase at the same rate like the dollar mostly because it has significant local cost inputs.

• Some neighborhoods appreciated faster than others, and it’s not necessarily the high-end neighborhoods.

Apartment Prices

New Cairo ratings

Villa Prices

Social status

Location

Education

Peacefulness

Shopping & Dining Health services

Transportation Overall rating

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Apartment prices Villa prices

9.7

7.7

9

8

9.3 7.3

6 9.8

New Cairo

Sale price per meter 8,800

Sale price change in 12 months 48%

Rental price per meter 35 EGP

Annual rental yield 4.8%

Demand level (Very High) 80%





Demand level (Average) 50%

All prices are in Egyptian Pound and were calculated in February 2018. To get the latest prices visit: aqarmap.com/prices

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Neighborhoods price/meter

Neighborhood Apartments Villas Neighborhood Apartments Villas

Gharb El Golf 12,500 15,350 El Banafsag 8,000 13,700

El Choueifat 10,700 19,600 Lotus 7,900 9,500

90th Street 10,200 17,600 Southern Investors 7,750 13,800

Diplomats 9,850 14,150 El Tamer Hena 7,300 7,300

South of Academy 9,550 14,600 Takseam El Andlos 6,900 6,200

El Ahyaa 9,500 15,100 First Settlement 6,800 16,600

El Narges 8,800 16,450 Kattameya 6,650 21,650

Northern Investors 8,650 12,850 Bait El Watan 6,600 -

Gharb Arabella 8,350 - Third Settlement 6,050 -

East of Academy 8,300 13,800 El Kornfol 5,950 8,400

El Yasmeen 8,300 13,000 Abo El Hawl 5,000 -

Behind Mirage City 8,150 14,700 Dar Misr 4,900 -

Arabella 8,000 23,100 El Gameyat 4,800 -

Prices in Compounds

Units Economic Mid Range Luxury

Apartments - 12,200 16,300

Villas - 15,000 19,150

New Cairo

Apartment Prices

New Cairo Ratings

Villa Prices

Social status

Location

Education

Peacefulness



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Apartment prices

Shorouk City & New Heliopolis ratings

Villa prices

6.7

6.2

5.7

8.3

5.3 5.3

4.3 7.1

Shorouk City & New Heliopolis












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Neighborhood Apartments Villas Neighborhood Apartments Villas

Fifth Neighborhood 6,350 10,950 Eighth Neighborhood 4,300 10,550

Future City 6,150 - Third Neighborhood - East 4,300 7,600

El Nady District 5,350 - Second Zone 4,150 -

Third Neighborhood - West 5,300 9,100 Fifth Zone 4,050 -

First Zone 5,300 - Sixth Zone 4,000 -

Ninth Neighborhood 5,200 7,850 Youth Housing 70m 4,000 -

First Neighborhood - West 5,150 4,400 Youth Housing 100m 3,950 -

Fourth Neighborhood 5,100 9,050 Third Zone 3,950 -

New Heliopolis 5,000 15,850 Family Housing 3,950 -

Seventh Zone 5,000 - Fourth Zone 3,950 -

Mostakbal Housing 4,950 - Second Neighborhood - East 3,950 9,650

Sixth Neighborhood 4,850 5,200 Second Neighborhood - West 3,850 9,350

Seventh Neighborhood 4,700 6,100 Youth Housing 63m 3,800 -

First Neighborhood - East 4,500 10,650 Investment Housing 3,500 -

Ninth Zone 4,300 - El Nakheel 2,750 9,900

Eighth Zone 4,300 -

Prices in Compounds


Apartments 5,300 7,650 10,000

Villas - 10,150 13,850

Shorouk City & New Heliopolis

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New Cairo ratings

Social status

Location

Education

Peacefulness



Apartment PricesApartment prices

Heliopolis ratings

Social status9

Location8.5

Education8.7

Peacefulness2.7

Shopping & Dining10

Health services9.7

Transportation9.7

Overall rating9.7

Heliopolis






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Neighborhood Apartments Neighborhood Apartments

El Orouba 10,450 St. Fatima Square 8,900

El Nozha Street 10,400 City Stars 8,800

Safeer 10,350 Heliopolis Square 8,700

Almaza 10,200 El Mahkama Square 8,250

El Korba 10,200 El Hijaz Square 8,250

El Thawra 10,100 Roxy Square 8,100

El Merghani 9,700 El Khalifa EL Mahmoun 7,950

Ardh El Golf 9,500 Triumph Square 7,900

Maryland 9,350 Obour Buildings 7,050

Abdelhamid Badawi 9,250 New Nozha 4,150

Sheraton 9,250 Gisr El Swis 2,650


Heliopolis

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New Cairo ratings

Social status

Location

Education

Peacefulness



Apartment Prices

Nasr City ratings

Social status7.7

Location8.4

Education8.3

Peacefulness2.3

Shopping & Dining9.7

Health services8.7

Transportation9.3

Overall rating8.9

Nasr City

Apartment pricesSale price per meter 5,650





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Rabaa El Adawiya 8,400 Zakir Hussain / El Mithak 6,550

El Nasr Road 8,150 Seventh District 6,150

Ahmed Fakhry 7,550 El Serag Mall 6,150

El Tayaran 7,550 8 Zone 6,150

Youssef Abbas 7,450 Emtidad Ramesses 6,100

Genena Mall 7,400 10th Zone 5,500

Abbas El Akkad 7,400 9 Zone 5,500

Abou Dawoud El Zaheri 7,150 Eighth District 5,450

First Zone 7,150 Moustafa El Nahaas /Ali Amin 5,400

Tawfiq City 7,050 Madenet El Fath 5,400

Sixth District 6,900 El Ahly Club 5,150

Makram Ebeid 6,850 El Waaha 5,050

International Garden 6,700 Tenth District 4,100

El Sefarat Neighborhood 6,700 Zahraa Madenet Nasr 3,650

Compounds in Nasr City 6,650 El Shoroak Buildings 3,350

Hassan El Maamoun 6,600 Ezbet El Haganah 2,150


Nasr City

Prices in Compounds


Apartments 5,150 8,300 11,100

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New Cairo ratings

Social status

Location

Education

Peacefulness



Apartment PricesApartment prices

Maadi ratings

Social status9

Location8.6

Education7.3

Peacefulness4


Health services9.3

Transportation9

Overall rating9.6

Maadi






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Neighborhood Apartments

Sarayat El Maadi 13,100

Degla 8,450

Cornich El Maadi 7,500

Zahraa El Maadi 6,050

El Maadi Ring Road 6,050

Old Maadi 5,900

New Maadi 5,550

Autostrad 4,900

Hadayek El Maadi 3,000

Maadi

Prices in Compounds


Apartments 5,200 8,550 -

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Apartment Prices Villa Prices

Social Status

Location

Education

Peacefulness

Shopping & Dining Health Services

Transportation Overall Rating

Apartment prices

Sheikh Zayed ratings

Villa prices

Social status9.7

Location7.1

Education9.3

Peacefulness8


Health services8

Transportation5.7

Overall rating9.6

Sheikh Zayed










Demand level (High) 71%

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Neighborhood Apartments Villas

Fourth Neighborhood 13,550 14,600

El Thawra El Khadraa 11,350 10,600

Twelfth Neighborhood 7,900 -

Yasmine Neighborhood 7,800 10,500

Sixth Neighborhood 7,400 -

Seventh Neighborhood 7,400 9,000

Fourteenth Neighborhood 7,300 -

Eighth Neighborhood 7,000 -

First Neighborhood 6,800 16,400

Bait El Watan 6,600 -

Ninth Neighborhood 6,550 9,500

Tenth Neighborhood 6,350 5,550

Fifth Neighbourhood 6,300 -

Second Neighborhood 5,800 -

Sixteenth Neighborhood 5,500 13,000

Thirteenth Neighborhood 5,450 5,200

Third Neighborhood 5,350 -

Eleventh Neighborhood 4,550 -

Prices in Compounds


Apartments - 10,200 12,650

Villas - 16,350 18,400


Sheikh Zayed

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Apartment Prices

New Cairo Ratings

Villa Prices

Social Status

Location

Education

Peacefulness

Shopping & Dining Health Services

Transportation Overall Rating

Apartment prices

6th of October ratings

Villa prices

Social status9.3

Location6.9

Education9.3

Peacefulness7.3


Health services8.7

Transportation6

Overall rating9.6

6th of October









Annual rental yield 7%


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Neighborhood Apartments Villas

El Motamayez District 6,750 13,250

West Somid 6,600 10,300

El Ahyaa 4,600 10,950

Northern Expansions 4,400 9,850

October Gardens 3,700 4,350

Ganob El Ahyaa 3,650 -

South Wahat 2,750 -

Industrial Zone 2,550 -

Prices in Compounds


Apartments 4,650 6,900 10,800

Villas - 10,100 12,400


6th of October

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Alexandria Heatmap

Apartment prices

Alexandria






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Alexandria



Roshdy 9,450 Fleming 3,700

Stanley 9,250 Moharram Bey 3,650

Kafr Abdo 8,450 Sidi Bishr 3,400

El Chatby 8,400 Bahray El Anfoshy 3,350

San Stefano 7,600 El Mandara 3,150

Saba Basha 7,550 Mansheya 3,050

Glim 7,300 El Asafra 2,850

Sporting 7,200 Victoria 2,800

Camp Cesar 7,050 Borg El Arab 2,700

King Maryot 7,000 El Mamoura 2,600

Smouha 6,950 El Seyouf 2,450

Lauran 6,950 El Hadara 2,300

Zezenia 6,300 Bakoos 2,200

Cleopatra 6,300 6 October/Shatee El-Nakheel 2,050

Ganaklis 5,900 Abo Qir 2,000

Ibrahimia 5,800 El Bitash 1,950

Sidi Gaber 5,550 Abu Talat 1,800

El Montazah 5,550 El Hanouvel 1,450

Bolekly 5,350 El Amreya 1,100

Miami 4,000

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Governorates

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Governorates



Sharm el Sheikh 5,800 El Fayoum 3,750

Mansoura 5,750 Damanhor 3,600

Port Said 4,900 Bani Suef 3,500

Kafr El Sheikh 4,700 El Minia 3,400

Ismailia 4,600 Marsa Matruh 3,350

Shebin El Kom 4,500 Qina 3,300

Asyut 4,300 Suez 3,250

Sohag 4,250 Banha 3,100

Tanta 4,050 El Mahalla El Kobra 3,100

Hurghada 3,900 Dumiat 2,850

Ras Sidr 3,900 Luxor 2,500

Zagazig 3,850

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Aqarmap.com is the leading Real Estate Portal in Egypt. Last year, more than 14,000 properties were sold via Aqarmap with a total value that exceeds 12 Billion Egyptian Pounds.

More than 1,000,000 potential buyers visit the portal every month to search for the newest projects and the best properties in the market. 50% of the leads generated are from GCC, US, & Europe.

Aqarmap specializes in helping Real Estate Companies market their projects and properties to a growing audience of qualified buyers and investors. If you are interested in promoting your properties on Aqarmap, feel free to contact us at: [email protected] Abbas El Akkad St, Floor No.15, Nasr City, Cairo, Egypt

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