Egypt has been flooded with commercial real estate properties in the recent years, there has been a lot of investments in the commercial real estate field; but before we jump into the available opportunities, let's delve deeper in the field itself!
Simply put, commercial real estate is concerned exclusively with property used for business-related purposes, for instance, a restaurant, warehouse, a shop, office building, or any property that you can generate a profit from. You can get this profit from renting, re-selling or investing in it; it is a broad category!
Since the beginning of 2022, investors had a positive look on the real estate field in Egypt, even after the depreciation of the Egyptian pound occurred! As there were still many investments occurring!
However, to match the current demand, developers have experimented with creative, new ideas that are more technologically advanced. This was done to provide lower-cost commodities to the market in order to stimulate it in terms of more transactions and better asset management.
This development will be apparent in the rise in demand for office spaces in Greater Cairo as well as for hotels and office spaces in other important Egyptian cities.
Learn more about what's happening in Commercial Real Estate field in Egypt in 2022!
Based on the higher demand we mentioned above, here're the 5 best commercial properties in Egypt:
Mivida Business Park is the most luxurious and opulent business park in Egypt. The location and services offered are second to none! Llivia offers retail and administrative spaces in Mivida Business Park that are designed to suit all your needs and requirements!
There are available office spaces at Llivia from 150 to 7,500 m2 that you can lease now! Contact us to know more.
The new capital is located on the Cairo/Suez road and Cairo/Ain Sokhna road, it's also close to El Shorouk City and on the border of Badr City!
This new capital has great potential, it is a smart capital that is built with a modern concept.
There are commercial properties available at the city for rent. It is estimated that it has 10,000 meter square area dedicated to commercial and administrative spaces.
Sodic Eastown Commercial is a modern office and retail complex with a built-up area of 85,000 square meters, of which 40,000 square meters are rentable. It is located near the American University in Cairo and directly on Road 90, and is 10 minutes away from the New Administrative Capital.
There are office spaces available at Sodic Eastown, starting from 75 sqm to 1500 sqm and prices differ according to the size of the office space.
Created by Hyde Park Developments, this business park is a place for reflection, recreation, working and relaxation. Hyde Park developed a place where everyone can find something that suits their taste.
Hyde Park Business District offers a wide range of commercial spaces as they have three different unit types there:
Each district or type has a variety of office spaces from small to large spaces that you can rent in!
Located in the heart of New Cairo with a view of the main Boulevard ,the neighbourhood has been fully developed to offer the best services and facilities by Al Futtaim.
One of the significant reasons why it's a good option for renting, is its close proximity to to IKEA and Cairo Festival City Mall.
Hence, it combines amenities for dining, shopping, entertainment and work that are a part of the contemporary commercial landscape; this property or business park ?embraces a dynamic life!
The business park offers a variety of commercial spaces to rent in. These spaces include administrative and retail options with versatile floor plans due to the different needs of various business segments and industries.
Al-Futtaim group have indicated on their official website that office spaces are tailored for large business corporations.
According to the Egyptian Law, a foreigner is not permitted to personally own non-residential property. However, he may possess and acquire non-residential property if it's only for forming a corporation to conduct business, administration, or industrial activities in Egypt.
Even though Egypt has a high rate of inflation, many people look to real estate as the most lucrative form of investment. The Egyptian real estate market has been booming for the past ten years due to the constantly shifting needs of the public and ongoing developments.
Egypt has the largest market in the Middle East with a population of more than 84 million people, and so the retail market is following people’s needs and wants and is acting towards fulfilling them. In order to stay ahead of the fierce competition that is constantly growing in Egypt's retail and wholesale markets, businesses must constantly work to provide their customers with the best goods and services at the best prices.
The year 2022 had witnessed major local and global events and drawbacks. And as for real estate market, it was one of the areas that underwent significant change. Egypt was able to demonstrate that its real estate market can face challenges and still be profitable. It is estimated by developers and investors that real estate market in Egypt will continue its progress.